Jake Potter

Selling Power at Valar Atomics | Founded Lended

[Max Ukropina @MaxUkropina]

First Generation IV Power Reactor on American soil.
First Nuclear Power by a Startup.
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

[Isaiah Taylor - making nuclear reactors @isaiah_p_taylor]

Moments ago, Valar Atomics took Ward 250 critical for the first time. This fulfills President Trump’s EO 14301, which called for 3 advanced reactors to go critical by July 4th.

This is our second criticality as a company, and an important step toward our goal of power by July 4.

[Jake Potter @Jake_potter35]

@paolo_scales @jn_jackk

[Jake Potter @Jake_potter35]

@nicochristie Can I get a code

[Jake Potter @Jake_potter35]

We are looking to add as much value to searchers as possible. Let us know any features you would like to see added

[Mark Delaney @markbdelaney]

ATTENTION SBA BORROWERS AND LENDERS:

Today we (@Jake_potter35 and another) are hitting send on a platform to democratize data on SBA loans.

sbalenders(dot)co

What does it do?

1. Gives you stats on top lenders, direct from the SBA

For example, you can see that while Chase issued about the same loan volume as First Internet Bank (147 to 193 loans) FIB had 2.5x the total volume ($438 m to $169)

Or that GBank did 83 loans (69% of total count) for hotels and motels. Clearly- they have a niche.

Where is this data coming from?

Directly from the SBA.

2. Let borrowers see what individual lenders did

I know this may be a surprise, but not everyone is active on X and LinkedIn (shocker, I know)

There are deals that happen you may never heard of.

Take this from Blake Cranor at Live Oak:

If you are curious, you can access this deal and others within 2 clicks from our landing page- all without making an account.

3. Connect with individual loan officers

Ok, yeah, you can do this elsewhere also.

Here's where we are different:

Loan officers are building profiles on here. They can add deal details to highlight what they have been able to get across the line.

Here's my man Kirby from Acclivity:

It's huge for loan officers to showcase themselves to borrowers.

Loan officers have LOVED this.

They also love that borrowers can leave them reviews.

Yes reviews.

Future and vision

First- how we make money.

Answer: as a loan broker.

Loan officers see our vision to have a data-driven product to match lenders and borrowers and want in. They are happy to pay us a fee on closing for borrowers we drive them.

This current version isn't perfect. We know. It's got some work to be done. But we have something good enough and wanted to ship.

We have plans to use this to gather a lot more information both on borrowers and lenders.

We can ask questions about a borrower's personal finances, industry experience, and get details about their deal to align with the right bank.

Banks, on the flip side, will be able to adjust their preferences for different industries, credit box, and other factors.

All to save everyone time and get the best match to make the best deal happen.

If you are a lender- we invite you to come on board and make a profile. Your competition already is.

If you are a borrower- create a profile. It's free. Explore the data and reach out to me. I am seriously dying to know what we can add to make this a killer product for you.

Stay tuned.

[Jake Potter @Jake_potter35]

@willob In

[carried_no_interest @carrynointerest]

I TOOK A BOARD SEAT.

I genuinely think this business will change (and already has) changed small scale PE investing forever and help facilitate this alleged 'silver tsunami'.

Let's get into it.

A few months ago, 2 gentlemen approached me with a plan to alter how SBA lending is sourced. They told me SBA 7A lending was broken.

As someone who has done an SBA 7A deal, I couldn't agree more. This is how it went:
1) Cold call banks lmao
2) Hope they did deals in the industry I was attempting to acquire in
3) Send all sorts of documents for the bank to manually review
4) Hope it made it through underwriting
5) Get rejected, proceed to cold call the next bank

These two guys had a different plan:
1) One portal where you upload financials, deal docs, and other things
2) Use AI to munge all the documents into a 'deal dashboard' that automatically computes the DSCR.
3) Automatically match your deal's industry to banks that have done deals in that industry
4) LET SBA LENDERS BID ON YOUR DEAL!

@LendedAI was born.

This idea felt like a HUGE leap forward. It felt like an industry stuck in 2005. Eventually, the founders of Lended asked me to join the board.

Where is @LendedAI today?
1) 40+ banks are on platform
2) almost $50mm in M&A deals have been underwritten by banks
3) They're now expanding into working capital.
4) Banks are stating this decreases the amount of work to get to a 'yes/no' by 90%.

Finally, as someone who is really bullish on AI, this feels like a real AI use case with legs. Upload all these gross documents and let AI munge them into dashboard with all the relevant KPIs.

Anywho, I actually think lots of LMM deals will be flowing through this platform in 2-3 years. I've always felt like getting financing for larger PE deals was similarly busted / filled with friction.

Anyone interested in getting financing for either M&A or working capital using SBA loans should reach out.

The future M&A financing seems to be right around the corner...

[Jake Potter @Jake_potter35]

@MikeWick__ @carrynointerest Yes we do! If you send me an email at [email protected] we can set up a call and go through the different options.

[Jake Potter @Jake_potter35]

@codyschneider Just tried to get premium to message you but it didn’t work so here I am. I’d appreciate the chance to talk to you about marketing for my startup. Can you send me a message so we can talk in dms

[Jake Potter @Jake_potter35]

@HLCColumbiaMD It cant only be used by chatgpt plus subscribers so if you don't have that I can send over some screenshots of it in use

[Jake Potter @Jake_potter35]

@HLCColumbiaMD I just built an AI tutor for the english section of the ACT. Would like to hear your feedback/if you might be interested in using something like it
-17 small chapters to teach different grammar concepts
-practice questions
-minigames to learn the concepts
https://t.co/tvc4C37Wxo

[Jake Potter @Jake_potter35]

@NickADobos I sent you a dm but I’m sure your inbox is flooded. Is it possible to pay for some ai lessons from you or hop on a pay for a quick call to get some tips?

[Jake Potter @Jake_potter35]

@danshipper Do you know when/if you will have a new chat bot course after this one?

[Jake Potter @Jake_potter35]

@mikebeckhamsm What you would do if you were 21

[Jake Potter @Jake_potter35]

@RobertMSterling @brightswordlol What would you suggest a new grad do to take advantage of this situation?

[Jake Potter @Jake_potter35]

@immad Inspiration from bezos?

[Jake Potter @Jake_potter35]

@AlexReibman I joined the waitlist. Would love to give it a try and my feedback

[Jake Potter @Jake_potter35]

@d_shap_autom8r Hey David, find your videos very interesting and they have taught me a lot. I’m about to be a senior in college and would really appreciate having a call with you to get your advice on navigating this. Let me know if that would be possible. Thanks