Yesterday, popular venture capitalists Anthony Noto and Chamath were on CNBC’s halftime show talking about taking SoFi public via Chamath’s Social Capital’s blank check company $IPOE.
You may have seen SoFi (Social Finance) commercials or recall that the Rams/Chargers new LA stadium is named SoFi stadium. SoFi is an online/mobile banking program whose products include student loans, mortgages, personal loans, credit cards, and investing.
Honestly, SoFi is just another fintech name that isn’t going to seeing profits any time soon.
HOWEVER, being backed by Chamath’s Social Capital and Anthony Noto (Former head of TMT at Goldman Sachs, former Twitter exec, former NFL CFO) We believe SoFi will succeed and $IPOE will see gains. SoFi is a name I’ve personally heard of for some years now, which excites me about getting in.