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Bundling and Unbundling
Talks about bundling and unbundling, technological evolution and PC era
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Songhua Hu
Founder of polkachu.com
Las Vegas, Nevada
Overview
Songhua Hu is the founder of polkachu.com, based in Las Vegas, Nevada, with a background in cross-functional team leadership and entrepreneurship. With experience as Chief Operating Officer at Cash Factory USA and Director of Consumer Alliance at Santander Consumer USA Inc., Songhua has demonstrated expertise in management consulting and operations management.
Having founded polkachu.com and held leadership roles at prominent companies like Cash Factory USA, Songhua Hu has a proven track record in entrepreneurship and cross-functional team leadership, showcasing skills in business strategy, operations management, and investments.
Work Experience
Founder
2021 - Current
• Polkachu supports 103 blockchain networks as validator / node operator. • ~$500M crypto assets are staked with Polkachu on blockchains such as Aptos, Celestia, CosmosHub, dYdX, Injective, NEAR, and Solana
Chief Operating Officer
2015 - 2020
Cash Factory USA offers payday loans and installment loans.
Director of Consumer Alliance
2014 - 2015
Senior Product Manager
2013 - 2013
• Launch a payroll-based consumer loan product
Senior Associate, Strategy & Operations
2010 - 2013
• Led cross-functional teams to implement 1-hour funding and weekend funding projects for UK loan products; efforts enhanced Enova’s product offerings to fulfill customer cash needs • Led multivariate landing page tests to increase customer acquisition rates through digital channel; efforts yield 5-10% savings in digital customer acquisition costs • Negotiated contracts with vendors of risk management products and SMS products and led the implementation of these products • Tested and developed various approaches to assess customer credit risk and fraud risk; efforts led to an increase of 300-500 basis points in loan issue rate • Developed and conducted trainings for >100 call center reps; efforts improved the call center operations substantially
Enova provides reliable, real-time financial options for people facing immediate cash demands.
Raised $900,000,000.00.
Co-founder
2012 - 2012
• Joined the company as a late founder • Co-ran operations with the CEO - merchandizing, web update, shipping, moving company head quarter • Managed 4 summer interns to expand business • Shut down the business after a candid analysis on the state of business
The largest selection of one-of-a-kind, pre-owned tees.
Senior Associate
2007 - 2009
• Developed a list-price strategy and assisted in the national roll-out for a high-tech client; efforts yielded an additional price increase of 2% and generated $20M additional revenue in 2009 • Performed pre-due-diligence on a service company and presented the recommendation to an investment bank regarding the risks in its senior debt investment • Collaborated with a client team to redesign sales coverage model for a IT hardware client; efforts yielded ~10% more sales through channel partners • Reviewed and stress-tested a banking client’s three-year strategic plan to prepare the CEO for a board presentation • Refined the marketing pitch book for a US-based sports league for its China expansion road show
McKinsey Growth Tech serves leading growth stage tech players, venture capital, and growth private equity
Customer Insights Analyst
2007 - 2007
• Led a third-party vendor team to design and implement customer panels in China and Japan; coordinated a cross-functional team to ensure timely launch of the panels • Analyzed the panel data to assess competitive landscape in online search and advertising market
Google is a multinational corporation that specializes in Internet-related services and organizes the world’s information.
Raised $26,100,000.00 from Angel Investors LP, Kleiner Perkins, Signatures Capital, Sequoia Capital, Arnold Schwarzenegger, Shaquille O'Neal, Henry Kissinger, Google and Tiger Woods.
Sales Analyst (part-time)
2005 - 2007
• Optimized the selection of Wal-Mart stores in which to place company products by analyzing point-of-sales data; efforts yielded ~20% more sales and reduced product returns by ~10%