You founded Novo in New York City in 2016. Why’d you decide to start the company?I was in New York to pursue my MBA when I talked to a professor and said, “I'm on the fence. You know, I'm seeing kind of what the MBA's all about, but I really want to launch a business, and I don't know which route I should take because obviously an MBA is incredibly expensive.” And [he says] “Michael, off the record, don't tell anyone I ever told you this. Don't get your MBA.
So that [move] was kind of like the catalyst … for us raising a lot of money, because we also have a pretty differentiated business model on the back end, which makes the economics work way better.A lot has been written about how fintech companies gained a lot of traction during Covid-19.