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Let's do a little research. The trader in the article, David Shorr, lists himself as a CashNetUSA founder on linkedin. http://www.linkedin.com/ppl/webprofile?

Let's do a little research. The trader in the article, David Shorr, lists himself as a CashNetUSA founder on linkedin. http://www.linkedin.com/ppl/webprofile?action=vmi&id=6599295&pvs=pp&authToken=AWoO&authType=name&trk=ppro_viewmore&lnk=vw_pprofile http://www.linkedin.com/ppl/webprofile?action=vmi&id=659... He also appears as a manager in some of the SEC documentation. http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_Query_Result.jsp?queryString=%22david%20shorr%22&queryForm=1&isAdv=1&numResults=10#topAnchor http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_Query_Resul... David Shorr is 45 according to pipl.com While Mr. Goldstein was a founder, he wasn't the only founder, and he had some more senior, connected talent to help him.

neilc 18y ago
If you read the whole article, this would be clear: Mr. Goldstein had spent a summer during college at the Chicago Board of Trade interning with David Shorr, one of his mother's patients. Mr. Shorr left the trading floor in 2003 because of an injury and was looking for a new venture. He hit on the payday loan business — "You borrow money at one rate and you lend it out at a higher rate," Mr. Shorr says — and e-mailed Mr. Goldstein to get his thoughts. "Al sent me an e-mail back with bullet points, action items, and I realized my first action item had to be to get him," Mr. Shorr says. He offered Mr. Goldstein a 75% pay cut but also the chance to build a business from scratch. Mr. Goldstein jumped.
- supahfly_remix 18y ago
  Reread my comment. I didn't say he wasn't a founder, but Mr. Shorr's contribution is underrated in the article. He's only mentioned in that paragraph. I constantly see mentions of boy geniuses in the popular press. He's undoubtedly bright, but it's his access to connections and money, and in particular Mr. Shorr, that made the difference between a mom and pop payday check cashing operation and growing to sell a business after two years. Readers of HN should recognize that it's not through his brilliance alone.

neilc 18y ago

If you read the whole article, this would be clear: Mr. Goldstein had spent a summer during college at the Chicago Board of Trade interning with David Shorr, one of his mother's patients. Mr. Shorr left the trading floor in 2003 because of an injury and was looking for a new venture. He hit on the payday loan business — "You borrow money at one rate and you lend it out at a higher rate," Mr. Shorr says — and e-mailed Mr. Goldstein to get his thoughts. "Al sent me an e-mail back with bullet points, action items, and I realized my first action item had to be to get him," Mr. Shorr says. He offered Mr. Goldstein a 75% pay cut but also the chance to build a business from scratch. Mr. Goldstein jumped.

supahfly_remix 18y ago
Reread my comment. I didn't say he wasn't a founder, but Mr. Shorr's contribution is underrated in the article. He's only mentioned in that paragraph. I constantly see mentions of boy geniuses in the popular press. He's undoubtedly bright, but it's his access to connections and money, and in particular Mr. Shorr, that made the difference between a mom and pop payday check cashing operation and growing to sell a business after two years. Readers of HN should recognize that it's not through his brilliance alone.