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Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. The firm's broad range of services and practice areas are focused on addressing the principal challenges faced by the management, boards of directors, shareholders, and in-house counsel of our clients.

.CO is the web address where the world’s innovators, entrepreneurs, businesses and brands come together to build and grow their ideas and organizations online.

CodigoDelSur is a designer and developer of digital products. Having worked with Founder Institute startups in the past, they come as a highly recommended Founder Institute referral. They are composed of highly skilled software, web, and mobile app developers, who are excited to incorporate the latest technologies into the applications they develop.

Xero is everything you need to run your business financials. Work with a beautiful small business accounting software complete with accounting, invoicing, payroll, inventory and more. Xero seamlessly integrates with over 500+ business apps, including CRM, point-of-sale, time tracking, ecommerce, just to name a few. Join the 700,000+ businesses using Xero in more than 180 countries.

Vet-Tech is America's Veteran-led Startup Accelerator headquartered in Silicon Valley. With over 100 military veteran startups in our community, Vet-Tech's top 20 portfolio companies have raised over $10 Million in funding and have been accepted into world class programs like Tech Stars and Founder Institute.

Startup Weekend


Through the Startup Weekend Fellowship, members of the Startup Weekend Community who want to start a technology company can apply to the Silicon Valley Founder Institute chapter for free, and the best overall applicant will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.

Eligibility: In order to be eligible for the Startup Weekend Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, December 11th, 2016, using this link.

Grant: The recipient of the Startup Weekend Fellowship will be awarded within 5 days after the deadline.

Click here to apply for the Startup Weekend Fellowship.

Grad Profile: MyNeoLoan provides affordable car loans to first- and second-time car buyers

Posted by Emma Tzeng on 2012-09-08

Grad Profiles highlight the personal and professional stories of Founder Institute Graduates from across the globe. 

This profile on Neo, a Graduate of the Silicon Valley Founder Institute and Grand Prize Winner of the Founder Showcase, was written by Emma Tzeng. Founded in 2010 by Navin Bathija, Neo helps young adults and recent immigrants apply for and obtain auto loans. 

It’s hard to disagree that first-time major purchases are both stressful and life-altering. Regardless of the transaction, the process of saving up, researching prices, and doling out x amount of dollars to finally own that special property or automobile you’ve had your eye on is a long, contemplative ordeal that can sometimes make you dizzy in the head.

But what if another layer of complexity were added to the mix? What if credit companies outright refused to issue a loan to you simply because you did not have a credit history? How would you even begin to plan for those first major purchases?

Neo, a “consumer friendly auto loan company,” wants to provide affordable auto loans to consumers who are new to credit, such as young adults and recent immigrants. Instead of relying on traditional credit scoring agencies such as FICO, Neo’s proprietary credit risk assessment technology analyzes the default risk of an individual based on his financial and social data.

Approximately six million first- and second-time car buyers with limited credit histories are on the market each year looking for a loan. On average, 40 percent of these applicants are denied a loan, and the other 60 percent that are approved typically grapple with high interest rates of 10 percent or above.

Neo wants to change the trajectory of auto loans by skewing away from the conventional model of credit scoring. Rather than rely solely on credit history, Neo examines candidates’ financial standing and social data to provide a fuller, more comprehensive picture of an applicant’s potential. 

Founded in 2010 by Navin Bathija, a finance and IT professional with 16 years of industry experience, Neo was conceived after Bathija recognized the challenges that Gen Y and recent immigrant car buyers face. With limited incomes and credit histories, these demographics grapple with longstanding impediments when applying for auto loans because the only existing method of measuring financial history is through a credit report.

Currently, Neo is funding auto loans as a part of its private beta loan program. Its mission to help overlooked population groups obtain and refinance car loans by restructuring the application process is one that onlookers should watch for in the years to come.


Learn more about Neo:

Grad Profile: MyNeoLoan provides affordable car loans to first- and second-time car buyers

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