Investment approach to SaaS sell-off:
Choose high quality companies that will benefit from AI but have sold-off due to passive sector rotation
Examples include:
1. Cyber security
2. Systems of record for enterprises
3. Exceptional founder led teams
4. Limited AI disruption (ex: TWLO)
If you've got enough cash to invest, the effective rate on this mortgage can dip pretty low.
And 4-5% interest on a 'chequing' account is like Bigfoot: rare and unbelievable.
Wealthsimple & Pine feel they have the winning mortgage model: Invest more, get more back on your mortgage.
Here's a full review — for both consumers and competitors:
https://t.co/YJK8K8ztnU (subs)
Well done @JustinAtPine & team @pine_canada - a great and valuable combination of technology, operations and vision to deliver an amazing customer experience from listing discovery to finalizing a life milestone of buying a home and settling into their first mortgage. 🙌
"Pine acquires Properly to capture more of the Canadian home-buying process" https://t.co/uGAMtdvRjW @BetaKit@inovia@properlyhomes@GreylockVC
I first met @SethGRosenberg 10 years ago in NY. To say this is well deserved would be an understatement.
Congratulations! Thank you for the mentorship and support over the last decade. Looking forward to the next one!
Also, excited to announce my new role as GP at Greylock, where I'll be focused on AI applications and fintech. Thanks to the founders who took an early bet on me. Look forward to paying it forward.