On Thursday, online marketplace lender LoanHero announced that its co-founder and president, Derek Barclay, has been selected as a new board of directors member of San Diego Venture Group (SDVG).
SDVG is a non-profit organization that has a mission to provide a networking forum for its 800 members, which consists of entrepreneurs, venture capitalists and advisors. Speaking about Barclay’s involvement with the company, president Mike Krenn stated:
“It’s an exciting time to invest in San Diego-based startups. We’ve got numerous VCs coming to town, looking for deals. They’re telling us, ‘The valuations are better, and our engineers are talented – and don’t change jobs every 14 months.’ We have a fast-growing fin-tech sector, in addition to our existing strengths across the board in software, be it cybertech, SaaS, analytics or AI, as well as our biotech and robotics sectors. Fintech is a huge opportunity, ripe for disruption, and we’re excited to have some fantastic companies here in San Diego. Derek is fast, effective, and exceedingly knowledgeable in the space. We love the energy he brings each and every day, as San Diego continues to gain national momentum.”
In his new Director role, Barclay will reportedly help to grow communication and engagement between investors seeking new ventures. He commented:
“I’m proud to have launched my business in San Diego, and feel that LoanHero was in a strong position to launch and grow here. We’ve had support from our community at every step in the venture funding process, and I want to ensure that every founder in our shoes has the same opportunities I have had.”
