{"id":1136,"date":"2021-03-12T02:57:37","date_gmt":"2021-03-12T02:57:37","guid":{"rendered":"http:\/\/williambissett.com\/?p=1136"},"modified":"2021-03-12T18:55:29","modified_gmt":"2021-03-12T18:55:29","slug":"charlotte-angel-connection-episode-116-bundle-founders-eric-mager-ceo-and-marco-burgarello-head-of-growth","status":"publish","type":"post","link":"https:\/\/williambissett.com\/2021\/03\/12\/charlotte-angel-connection-episode-116-bundle-founders-eric-mager-ceo-and-marco-burgarello-head-of-growth\/","title":{"rendered":"Charlotte Angel Connection Episode 116: Bundle Founders, Eric Mager, CEO, and Marco Burgarello, Head of Growth"},"content":{"rendered":"

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Today, Eric Mager<\/a> and Marco Burgarello<\/a>, of Bundle<\/a> join the podcast.\u00a0 I\u2019ve been a fan of Marco\u2019s since I met him while he was working with Dan Roselli<\/a> at Packard Place<\/a>.\u00a0 And when I saw Eric pitch Bundle at a Charlotte Angel Fund<\/a> meeting I knew he was a founder and Bundle was a company worth watching.\u00a0 Bundle sits at the crossroads of privacy, technology, personalization, and a great user experience.\u00a0 Considering the mortgage industry doesn\u2019t deliver any of that, I figured it had a decent shot at success.<\/p>\n

But listen to the podcast today and you\u2019ll hear for yourself why they are gearing up for more success.\u00a0 Their platform provides a simple way for borrowers to compare current mortgage rates<\/a> while staying anonymous. They provide a place where the borrower controls the process, not the lenders bidding for the business.\u00a0 As you\u2019ll hear in the interview, Bundle guarantees to never sell or give away client contact information to banks or lenders, ever.<\/p>\n

The tough thing is Bundle is building a two-way market.\u00a0 They have to sign-up mortgage brokers on their site to compete for the business.\u00a0 And they also have to get consumers to the site to request bids.\u00a0 In a year like 2020 when every mortgage broker was slammed with business regardless of what they did you would think Bundle would struggle to differentiate and build out a strong proof of concept. But that thinking would be wrong.<\/p>\n

Eric and Marco raised a small seed round in early 2020 to test the concept.\u00a0 They had been through the QC Fintech Accelerator<\/a> program \u2013 where they met.\u00a0 But their seed round last year gave them the funds they needed to launch. \u00a0And now after the seed round validated their business model, they are back at it raising a larger Series A round to expand the ground game.<\/p>\n

But listen in to the podcast to hear the back stories.\u00a0 I love hearing how Marco pitched Eric to be on the team.\u00a0 For all you founders and people wanting to partner with founders take notes.\u00a0 Marco took a bold move to position himself with Eric.\u00a0 And just as importantly, Eric was humble enough to listen.\u00a0 Hearing them talk back and forth you can see how they may have lightning in a bottle.<\/p>\n

Don\u2019t get me wrong, there is a lot of competition in the mortgage industry.\u00a0 Yet this duo has carved out their space and they are going to go after it with bold strokes and lots of industry expertise in their corner.\u00a0 It\u2019s going to be a really exciting company to watch over the next couple of years as more millennials come online to buy and refinance their houses.<\/p>\n

William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser.\u00a0Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener.\u00a0\u00a0<\/em><\/p>\n

Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.\u00a0<\/em><\/p>\n

Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.<\/em><\/p>\n