.@Apple is acquiring https://t.co/Hlsq5LB3fx in the second-to-largest acquisition they've ever made.
Can't say what Q does yet, but we promise it's mind-blowing. Couldn't be prouder Yonatan Wexler, Aviad Maizels & @ABarliya
Full story of investment-->acquisition from @edenπ
Ironically, it's the beehive that's killing the bees. A wooden box that's barely changed in over a century, that needs a human to physically drive out and open it before anyone can help. @saarsafra rebuilt it as a solar-powered, AI-run tin box that acts in milliseconds. Thousands are already in the field.
According to @OrenZeev, $3B solo VC, it's better to make a bad investment than miss a good one. Get out your pen and paper for this full episode of Invested.
A 9th grade assignment: argue against something everyone believes. 15-year-old @YuvalAriav picked the wheel β said symbols were humanity's real invention, since compressing something impossibly complex into a form a person can grasp and pass on is the harder trick. Somehow that became a $75M venture fund.
Today, weβre announcing that weβve doubled our annual transactions volumes in the last 12 months, and reached $100 billion.
This is an especially sweet moment for us. It took us 5.5 years to reach the first $50 billion.
What Iβm most proud of is the character and unusual choices that led to it.
We chose the most valuable problems, not the easiest ones. We saw huge value in building a system DEEP and BROAD enough to replace 10-15 vendors that banks + fintech programs typically use, starting with a core system. Many people that had 10x our knowledge tried to help and tamper our ambitions: βwhy build a core system?β, βwhy operations and not just tech?β, βwhy not partner with a vendor that already built a credit card ledger?β
Today, Unit could be installed on any bank - immediately. There is no dependency on legacy tech. All money movement happens directly with the Federal Reserve and card networks. Banks and the programs they power do business at scale, with 10x better security, oversight, and modularity.
We built heads-down while there was widespread skepticism. Until recently, the category of modern financial infrastructure has been attacked non stop. For years. People questioned it from every single angle: is it sound? Valuable? Sustainable? We werenβt phased. We had the field context that many skeptics didnβt have, and we saw the proof points every day.
We made changes along the way when they were needed. We took no shortcuts and turned down high-risk deals that could make us bigger.
Importantly, we put ourselves on an independent financial trajectory, so that we donβt have to take shortcuts OR depend on the opinions of others.
Proud of our team for the hard work and character. Grateful to our customers (old and new) that placed trust in us. And to millions of end-users who have access to better financial services... without knowing that Unit exists π
Back to work.
https://t.co/qVYsLIC72o
Unpopular Opinion: AI is the Best Thing That Ever Happened to Human Creativity
Why pick up a guitar when you can prompt a song into existence? If that question scares you, @yuvalkaminka at @hellosimply thinks you're missing the entire point of why anyone picks up a guitar in the first place.
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