Nicholas Hinrichsen – If You Aren’t Suited for Picking Stocks Build a Diversified Portfolio

<p><a href= "https://www.linkedin.com/in/nicholas-hinrichsen-7b33874a/"><strong> Nicholas Hinrichsen</strong></a> <span style= "font-weight: 400;">was born and raised in Germany and played on the German National Golf Team and studied Computer Science and Finance in Germany, Chile, and Australia. At the start of his career, he looked into consulting and investment banking but instead joined a renewable energy startup that invested in projects in China and India.</span></p> <p><span style="font-weight: 400;">In 2011, he moved to the US to get his MBA at Stanford Business School, and by 2013 he started a company called Carlypso. He brought that startup through YCombinator in 2014, raised $10 million in venture funding by 2015, and sold the company to</span> <a href= "https://www.carvana.com/"><span style= "font-weight: 400;">Carvana.com</span></a> <span style= "font-weight: 400;">in 2017. Carvana went public at a market cap of $2.5B and is now the most valuable used car retailer in the US.</span></p> <p><span style="font-weight: 400;">Nicholas and his co-founder, Chris Coleman, recently left Carvana to start</span> <a href= "https://www.withclutch.com/"><span style= "font-weight: 400;">WithClutch.com</span></a><span style= "font-weight: 400;">, a fully digital platform that lets car owners</span> <a href= "https://www.withclutch.com/auto-loan-refinance-calculator"><span style="font-weight: 400;"> refinance auto loans</span></a> <span style= "font-weight: 400;">from the comfort of their own home.</span></p> <p><span style="font-weight: 400;">The team at</span> <a href= "https://www.withclutch.com/"><span style= "font-weight: 400;">WithClutch.com</span></a> <span style= "font-weight: 400;">has seen that in the US, only 5% of auto loan applications were refinancing, yet 47% of all funded mortgage applications were refinancing. So, they are going to change that!</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>“To succeed as a startup, all you need to do at the very beginning is to leave the buildin