we are here with leena rao and john schwartz. there's something like one quarter of a billion dollars in funding. >> yeah, basecally wants to reinvent what we know as credit and they just raised $275 million in funding some of which -- a lot of which was debt because they're giving out loans. then some of which is equity. but basically, what they want to do is -- they want to make loans at point of sale. so instead of using a credit card, you would just pay for a piece of furniture online and be automatically approved for just the amount that that furniture cost at point of sale which seconds. >> instead of putting in a credit card number you would identify yourself some other way, scott mcgrew is good for it. ship the furniture and we'll deal with the billing and things later. >> that's right. >> what did max levchin need for a quarter of a billion dollars? you'd think he has it in his sofa somewhere. >> well i think some is going to debt. >> to the actual payout to the furniture store. >> right. i think the rest of it is a sign