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Miguel Armaza interviews Vishal Garg, CEO & Founder of Better.com (NASDAQ: BETR), a publicly traded online mortgage lender that has funded more than $100 billion in mortgage volume in the last decade. Prior to going public in 2023, they raised capital from a long list of VCs, including Activant, Softbank, AmEx, Citi, and Goldman among others.

We discuss:

• How Better’s business volume exploded in 2020 & 2021, but later dropped 99% in a matter of months
• Going from 1,500 to 10,000 employees within almost a year and then having to layoff most of them
• An inside look into Vishal’s controversial decision to let go 900 people over zoom
• Better’s latest product innovations, the state of the residential real estate market… lots more!

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Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.

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