Building Companies and Raising Capital with Nicholas Hinrichsen
Our guest today is Nicholas Hinrichsen, a Stanford MBA who built a digital platform for used car sales in 2013. He raised $2M in seed funding from angel investors and the startup accelerator YCombinator by 2015. After doing a pivot in the business model, sales took off and Nicholas and his co-founder Chris Coleman raised a $8M venture capital round.
In 2017, the two founders sold their business to Carvana, which was growing at a rapid pace. Nicholas and Chris stayed at Carvana for three years to see their vision come to fruition and left June of this year to start a new company. WithClutch.com is a FinTech platform to refinance your auto loan. With just a few clicks you can save thousands of dollars, 100% online.
In this episode we talked about his incredible journey building companies and raising capital. We also talk about business partnerships, credit and more. Enjoy!
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