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“I went through the 2008 market cycle crash, which was a real experience for a lot of people who are in the lending industry today,” he said. “It certainly had an impact on how they viewed things, including some of the cautionary tales you can share with people who hadn’t gone through it.”
To a new generation of professionals, the existential nature of the crisis 15 years on is but an abstraction – but not to Dorin. “There’s a difference in experiences. I see that today when we have younger investors or clients we work with. They hear the stories about it, but they weren’t on the ground when it happened.”
He was working at a credit union at the time, but the excitement of the job wore off – weighted down by bureaucratic machinations of compliance demanded by bolstered regulations as the economic meltdown subsided.
Effectively, the thrill was gone: “It was a little more compliance- and regulatory-based and it really took up a lot of your day-to-day activities. It was more of a drag than it was about helping people. The excitement about that job initially was you got to help people, whether they were getting a home, or a car, or whatever product they had a need for. You really felt like you were helping people and doing right by them.”
RCN Capital comes to the rescue
Mercifully, he would get recruited by RCN Capital by 2014. “You can really help somebody grow their business and develop good strategies with them,” he said with palpable enthusiasm. “That was exciting for me. It was a new challenge, and I was happy to take it on.”
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