Jason Vaughn is a month into his new position at the head of Frisch’s Big Boy restaurants. It was the first investment for Aziz Hashim’s nascent investment fund NRD Capital Partners, but far from Vaughn’s first rodeo in the franchising space.
The excitement over small business and consumer lending made through apps and websites has cooled. Shares of online lenders On Deck Capital (NASDAQ:ONDK) and Lending Club (NYSE:LC) have plummeted recently, while Prosper Marketplace said it will lay off 28% of its staff.
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