Subject: Upstart Holdings Inc
Hello shrewd falling knife investors,

I've not been a participant on this board in the past, but have lurked at times and have enjoyed the current KMX discussion. So it occurred to me that this board may be a good place to talk about one of my holdings, and quite the falling knife: UPST.

For any unfamiliar with UPST, it's now a small-cap: $1 billion market cap, but in the not very distant past that number was a LOT bigger. They are applying AI to the business of qualifying people for loans, serving as a matchmaker between lender and borrower, taking a small slice of the pie. They grew at a phenomenal rate in recent years, and actually made a nice GAAP profit. However with the inflation/interest rate spike and tightening lending environment, their business dried up and they're losing money at present, even while continuing to grow the bones of the business expanding beyond their core business of personal loan qualification into auto, small business, and small dollar lending.

Founded by Google alums, I still believe in the business' future even though I'm sitting on a big loss in my share's values. I caught this falling knife when it was approximately 90% off of its all-time high, and it has since proceeded to lose another ~73%. Ouch!

Manlobbi has opened a board for the stock: http://www.digitalscores.com/M... I'll check back in here for more discussion of KMX and others, perhaps including UPST, and you are all welcome to join me there to talk about the company too.

Thanks!
Ben