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Podcast: The Andrew Faris Podcast
Episode: Merchant Cash Advance Showdown: Bill D'Alessandro vs. Drew Fallon
Description: So Shopify Capital (or someone else) offered you $250,000 in exchange for 17% of daily revenue for 90 days. The best part? You can get the money with just a few clicks.
Should you take it?
In one of my most popular episodes ever, Natural Dog Co CEO and former investment banker Bill D'Alessandro said, "Absolutely not. You're paying an absurd APR and these lenders know you don't understand the math."
But Drew Fallon, co-founder and CEO of Iris Financial, says that these are borderline-miraculous products that ecom founders shouldn't take indiscriminately, but should use when...