Give People Access to Stuff.
Lendi started as an idea in Gavin’s head back in 2007. At the time, there were a couple of lending libraries in the high-end audio industry, but they were clunky and didn’t put the consumer first. Instead, they required a customer to purchase an item. Then, if they wanted to return it, they were able to trade it for something else.
Is it me, or is that not a lending library?
Audiophiles tend to have extra gear. Gear that got replaced when new gear came out. So basically, there’s a giant distributed inventory of great audio gear all over the world that’s collecting dust.
Audiophiles are cool people, so they frequently lend out their gear to their friends to try. Usually, these friends are close by, but sometimes they ship. Lendi helps this whole process happen by giving lenders and borrowers access to a larger inventory of gear. It also ensures that everyone is accountable to each other, that items loaned are delivered on time, and that items borrowed are cared for and returned on time.
So that’s what we’re all about: helping people give other people access to their unused stuff. And who knows where this will go? Someday, we hope we’ll be able to 1) break down the barriers that prevent access to success to industries that are protected by the old guard, 2) help people make wise purchasing decisions, and 3) disrupt the archaic credit risk system and replace it with a modern system based on trust— because the way we currently determine creditworthiness is freaking stupid.
10 years in the making
Gavin gets it in his head that the lending library models of the time are freaking stupid and he can do better.
Gavin writes a plan to create an actual lending library, pitches it to people in the industry, and is told he’s freaking stupid. He puts his idea on hold for a long time.
Gavin revisits his idea because he’s met someone with chutzpah, but is shot down again. He’s launching another company, so he puts his idea on hold again.
Gavin revisits his idea again. This time, he pitches it to Kenny Ballentine. Kenny loves it and begins adding his own features. Gavin & Kenny pin a bunch of 3X5 cards to the wall and write each other post-dated checks for $10MM.
Gavin & Kenny finish wireframing Lendi’s UX and start interviewing developers.
Gavin & Kenny obtain seed funding, form the business, and begin development.
Lendi 1.0 beta testing commences.
Meet our awesome team.
Gavin entered the high-end audio industry in 1999 as a contract web developer for Music Interface Technologies. In the ensuing years, he rose up through the ranks to Director of International Sales at MIT Cables, Vice President of Sales and Marketing at Light Harmonic, and Chief Innovation Officer at LH Labs.
Gavin has the distinction of being called out by one of the industry’s leading publications two months in a row: they called him brilliant in the first issue and dangerous in the next.
Kenny Ballentine is a content-creating and organizational guru. He’s also an awesome filmmaker.
Kenny maintains a steadfast belief in a future where our everyday lives are as immersed in nature as they are in technology, as told in his award-winning documentary film, “Nature Kids.” His most recent film, “Estamos Aqui” was honored with a special screening in our nation’s capital, hosted by The White House.