CHAPPAQUA, N.Y. – Veteran lenders who have seen recessions and have gone through credit cycles are key to the success of startup small-business lenders, where 20-somethings are missing the experience older employees have, reports the New York Times .
Jerry Weiss, 57, is one of those veterans. Born in Queens, Weiss grew up in Chappaqua and worked for over 30 years at major lending institutions, such as Citigroup and Chase Manhattan, according to the report. Now he works for the startup Bond Street, where the average age of his colleagues is 28.
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