Pia Thompson - lawesomeGC (licensed in IL)

#fintech #web3 #crypto #payments #identity verification #GRCP #CIPP/US #FractionalGC & Biz Strategist - my focus is company growth #lawesomeGC

[Robinhood @RobinhoodApp]

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[LendAPI @LendAPI]

Build your dream rule set with our new Rules Studio today!

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[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

I'm excited to announce that I'm attending Fintech Meetup this March! Will I see you there? Let's set up a meeting! https://t.co/XJ9ECPcXHp #MeetMeAtFINTECHMEETUP

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

I'm excited for Fintech Meetup, to join me click here https://t.co/Xz5eE8YHej #MeetMeAtFINTECHMEETUP

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@Ripple 🤔

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@profgalloway It is so disheartening.

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

Check out Pia T.’s review of Headshots by Reem on @yelp https://t.co/ZnMyyGviFe

[fintechjunkie @fintechjunkie]

What Speed Is Startup Speed?

Investors often tell Startup Founders that the distinction between success and failure often comes down to one critical factor: Speed.

Startups exist in a unique ecosystem where time is both their greatest asset and their most formidable enemy. Every day counts in the race to validate ideas, acquire customers, and achieve profitability before running out of cash. This urgency creates a culture where problems must be solved rapidly and “getting to yes” on a daily basis is non-negotiable.

In contrast, larger companies often have the luxury of time. Their established revenue streams and market positions allow them to move more cautiously, sometimes even benefiting from a "wait and see" approach. For them, "no" or "slow" can be perfectly acceptable answers as the stakes of rapid change are often higher than the potential benefits of quick action.

But many Founders don’t actually understand what Startup Speed actually is. They think they’re moving fast but oftentimes the feedback they get from Investors is “move faster”. And while it’s easy for a Founder to dismiss advice coming from an outsider, a seasoned Investor has seen fast and has seen slow and knows when to tell Founders to kick their companies into another gear.

Measuring Startup Speed

Everyone talks about “Startup Speed”, but is there a way to measure it? While there’s no definitive test that can tell a Founder how fast they’re moving, there are probing questions that can be used to triangulate “Speed”. Here are examples of useful “Speed Tests”:

Speed Test 1: Rate of Growth

Startup Speed companies strive to meet or exceed the annual “triple triple double double” standard when they’re young and then continue growing at a doubling pace when at mid-scale. Only when they’ve hit public markets metrics do they slow down to sub-100% growth rates. The fastest companies find a way to keep growing even at scale.

Speed Test 2: Rate of Learning

Startup Speed companies minimize the time between adding topics to their learning agenda and ticking them off. Startup Speed companies know how to cut corners and hack their way to delivering super-fast “80% answers” as a precursor to judging whether the last 20% is worth chasing down. And ultra-fast Startups routinely deliver learnings in days/weeks rather than months/years.

Speed Test 3: Rate of Shipping Code

Startup Speed companies understand that innovation is brought to life in code and code is very much like trying to study the stars. To look at a star 50 light years away means looking 50 years in the past. To ship code 1 year after having an idea means trying to address problems that are 1 year old from a market perspective. Startup speed companies are shipping code in days and weeks vs. months, quarters or years at more established companies.

Speed Test 4: Rate of Decision Making

Startup Speed companies realize that forward momentum will slow or stall if the organization takes too long to make decisions. Startup Speed companies are comfortable making rapid decisions with incomplete information and then adjusting if necessary. The fastest Startups are exceptional at categorizing decisions as “reversible” and “irreversible” and relying on judgment rather than attempting to perfect “reversible” decisions.

Speed Test 5: Rate of Talent Management

Startup Speed companies rely on top-tier talent to deliver twice the quality at twice the speed of their competitor’s typical employee. Startup Speed companies can onboard new team members and have them contributing meaningfully within their first few weeks. And Startup Speed companies can identify underperformers quickly and offboard them to make room for the talent they need. The fastest Startups hire self-starters and world class problem solvers instead of spending precious time training and redeeming mid-tier talent.

Speed Test 6: Rate of Crisis Resolution

Startup Speed companies are adept at identifying and solving crises at warp speed. Startup Speed companies don’t panic when problems arise. Positive and negative information travels equally quickly throughout the organization and isn’t slowed down for “spin control”. Instead, Startup Speed companies are structured to identify mission critical problems and can quickly pivot to “war mode” with dedicated crisis management teams spun up and wound down as needed.

Speed Test 7: Rate of Adjustment

Startup Speed companies set measurable goals/KPIs and are quick to adjust plans when it’s clear the goals won’t be met. Startup Speed companies know when a missed goal is acceptable as well as when a missed goal puts the company at risk. The fastest Startups have leaders who are exceptional asset allocators who quickly adjust the assignment of people and budget when goals aren’t being met.

Speed Test 8: Rate of Collecting Input

Startup Speed companies create a culture focused on having ALL conversations as close to “now” as possible. Startup Speed companies think fast and act fast, so the work cadence is designed to collect input from co-workers in real-time. This can take many forms and range from spontaneous huddles to real-time electronic communication channels. But many (not all) seasoned Startup Veterans believe that the fastest Startups are fully in-person because it maximizes the speed and quality of collecting input and solving problems.

This list of “Speed Tests” isn’t exhaustive, but the answers to these tests provide insight into whether a Startup is truly embracing the speed necessary for success. And the converse is also true. Startups that fail to achieve a critical level of speed face dire consequences. Without the ability to "get to yes" on a daily basis, startups risk many forms of death:

Death By Starvation

Slow Startups can easily burn through their cash before achieving product-market fit or scaling enough to attract more capital from Investors.

Death By Being Second

Slow Startups can have problems scaling if there are faster-moving competitors that get in front of customers and build awareness for their offering first.

Death By Defection

Slow Startups oftentimes struggle from morale issues and lose top talent to faster moving Startups.

TLDR: For Startups, the message is clear: If you can't get to "yes" every day you might as well close shop. The Startup journey is a race against time and those that can't maintain the pace will likely face some form of death before they can crack the code on the business they're trying to build.

[Checkbook @checkbook]

🏦 Financial wellness for a business is not just about managing money; it’s about ensuring that payments are fast, secure, and accessible. At Checkbook, we believe that push payments play a crucial role in promoting financial wellness for businesses.
Click here: https://t.co/yydEfZENRm

𝙷̲𝚘̲𝚠̲ ̲𝙿̲𝚞̲𝚜̲𝚑̲ ̲𝙿̲𝚊̲𝚢̲𝚖̲𝚎̲𝚗̲𝚝̲𝚜̲ ̲𝙲̲𝚘̲𝚗̲𝚝̲𝚛̲𝚒̲𝚋̲𝚞̲𝚝̲𝚎̲ ̲𝚝̲𝚘̲ ̲𝙵̲𝚒̲𝚗̲𝚊̲𝚗̲𝚌̲𝚒̲𝚊̲𝚕̲ ̲𝚆̲𝚎̲𝚕̲𝚕̲𝚗̲𝚎̲𝚜̲𝚜̲:̲

✔️ 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗙𝘂𝗻𝗱𝘀: Recipients can access their funds instantly, 24/7. This immediacy reduces the stress and uncertainty of waiting for payments to clear, ensuring that funds are available exactly when needed.

✔️ 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆: By leveraging advanced security measures, push payments minimize the risk of fraud and unauthorized transactions. This not only protects your financial health but also provides peace of mind.

✔️ 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: Push payments offer flexible options for disbursing funds, from direct deposits to debit cards, without the need for sensitive banking information.

✔️ 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: For businesses, push payments ensure that payments are processed immediately, improving cash flow and reducing the administrative burden associated with delayed payments.

Explore how push payments can support your financial wellness journey. At Checkbook, we’re here to make your payments simple, secure, and stress-free.

learn more about push payments here: https://t.co/M1EhNT4dY8

#FinancialWellness #WellnessWednesday #Checkbook #PushPayments

[Puzzle @puzzlefin]

This is BIG: Today, marks the launch of the next generation of the Puzzle Dashboard.

We focus on surfacing relevant data so founders can make better decisions every day. The new dashboard reflects that focus, reimagined to elegantly pack more information into the same space.

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@GradyTeske How are you finding the value in having a blue checkmark?

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@GradyTeske @LinkedIn Oh, it was a genuine hiccup, particularly with messages not going through.

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

What is wrong with @LinkedIn messaging? #fail

[Checkbook @checkbook]

📢 Continuing @PJGupta's Masterclass Series on Payment Rails, with the spotlight on Push to Card Payments - a critical element in financial management that combines efficiency with security.

Read more in our Blog Post: https://t.co/f9bmZxCJcV

🔥 We Want to Hear from You!
Your experiences, thoughts, or queries about leveraging Push to Card for your business? Drop a comment below. 💡💬

This masterclass isn't just about discussing Push to Card payments; it's a leap towards optimizing your business transactions globally.

Stay ahead in the financial domain, learn from the best, and let's navigate the future of finance together.

↪️ Interested in reducing transaction costs and maximizing security in your financial operations? Dive into the discussion below and explore how Checkbook's solutions align perfectly with these goals.

[Checkbook @checkbook]

Send money in a flash with our Instant Pay feature! No more waiting around for slow transfers. Our Instant Pay gets your payments where they need to go in a matter of seconds.

Here's a breakdown of how it works:

🤝 You: Initiate the payment through our platform.
📣 Payment Network: Springs into action, notifying the recipient's financial institution.
✅ Bank: Validates the payment, then instantly transfers the funds.

For speedy and seamless transactions, try Instant Payments, including Checkbook's very own Push to Card. Powered by Visa Direct, this option offers:

Real-Time Transfers: Send money online, anytime, anywhere.

Simple and secure - all your recipient needs is their debit card number.

More info here: https://t.co/jteQTu4eoP

Join us in revolutionizing the payment experience!

#InstantPayments #FasterIsBetter #FinancialFreedom #Fintech #VisaDirect #PushToCard

[Checkbook @checkbook]

Checkbook is a whole lot smoother with our Zelle integration! ✨

Zelle is a convenient, fast, and secure way to send money, and now it's available right here.

With Checkbook, sending money is a piece of cake.

Checkbook and Zelle, together at last, bring you a faster and more convenient payment experience. Give it a try!

https://t.co/Bibg1YPe1a+

#CheckbookXZelle #FasterPayments #fintech #BankToBank #FinancialFreedom #SimpleSolutions #PaymentInnovation

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@mikulaja When it rains, it pours.

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

@LinkedInhelp4u

[Pia Thompson - lawesomeGC (licensed in IL) @PiaSaysPro]

What is wrong with @LinkedIn messaging? #fail

[Keith Olbermann @KeithOlbermann]

MARLEY IS MISSING IN BROOKLYN: last seen at Powell and Dumont. If you've seen or found her please go here: https://t.co/kFnyipfGST and/or phone [phone] and PLEASE RT MARLEY!

[Keith Olbermann @KeithOlbermann]

YAKI IS MISSING IN BROOKLYN: last seen at Wyckoff and Nevins. If you've seen or found her please go here:
https://t.co/b0BecDCwa2 and/or phone [phone] and PLEASE RT YAKI!