Jay

Serving Christ, family man, cheering UK (gooo cats!), recovering financial marketaholic. CPA and helping VC-funded startups succeed with

[Jay @UK1999]

March 28, 2007 - Fed Chair Bernanke to Congress - US housing crisis “is likely to be contained”

March 30, 2026 - Fed Chair Powell speaking at Harvard about private credit issues - looking for “things that might result in contagion…we don’t see those right now.”

[Fondo.com @Fondocom]

It’s here.

FREE TaxPass when you sign up for monthly bookkeeping from @fondocom.

Your books and corporate taxes handled by the same team.
https://t.co/wwCeRpKoZM

https://t.co/ksKN4HXRsp

[Jay @UK1999]

@zerohedge Powell has a little extra free time in the near future to help oversee renovations.

[Jay @UK1999]

@zerohedge Markets and analysts are so funny. Gold hit our target so we’re changing our target…in other news Nat Gas is soaring because it’s cold and that almost never happens in winter…

[Jay @UK1999]

@SFHoopsleague @fondocom Young Fondolorian family member in training here. We’re not far from SF…watch out.

[Jay @UK1999]

Poor Duke 😆

[Jay @UK1999]

Breaking - calls to IRS now expected to increase from a hold time of 300 minutes to 360 minutes. Startups sign up for corporate taxpass with @fondocom so you never have to call 🧐

[Jay @UK1999]

@xai @elonmusk Grok 3 on DOGE Social Security findings https://t.co/6BOjrOPLhF

[Jay @UK1999]

So accounting was optional. Mmmmmmk 🤔

[Department of Government Efficiency @DOGE]

The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process).

In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible. As of Saturday, this is now a required field, increasing insight into where money is actually going. Thanks to @USTreasury for the great work.

https://t.co/6dsKaArfM8

[Jay @UK1999]

🤦🏼‍♂️

[Department of Government Efficiency @DOGE]

US taxpayer dollars were going to be spent on the following items, all which have been cancelled:
- $10M for "Mozambique voluntary medical male circumcision"
- $9.7M for UC Berkeley to develop "a cohort of Cambodian youth with enterprise driven skills"
- $2.3M for "strengthening independent voices in Cambodia"
- $32M to the Prague Civil Society Centre
- $40M for "gender equality and women empowerment hub"
- $14M for "improving public procurement" in Serbia
- $486M to the “Consortium for Elections and Political Process Strengthening,” including $22M for "inclusive and participatory political process" in Moldova and $21M for voter turnout in India
- $29M to "strenghening political landscape in Bangladesh"
- $20M for "fiscal federalism" in Nepal
- $19M for "biodiversity conversation" in Nepal
- $1.5M for "voter confidence" in Liberia
- $14M for "social cohesion" in Mali
- $2.5M for "inclusive democracies in Southern Africa"
- $47M for "improving learning outcomes in Asia"
- $2M to develop "sustainable recycling models" to "increase socio-economic cohesion among marginalized communities of Kosovo Roma, Ashkali, and Egypt"

[Jay @UK1999]

Nice…thanks @elonmusk

[Elon Musk @elonmusk]

We are going to position Cybertrucks with Starlinks and free WiFi in a grid pattern in the areas that most need it in the greater LA/Malibu area

[Jay @UK1999]

Yep…for most plastics.

[Elon Musk @elonmusk]

Recycling is pointless

[Fondo.com @Fondocom]

We’re excited to announce that @fondocom has raised a $7M seed round to supercharge our mission of putting accounting on autopilot for startups. 🚀

Get started in minutes and let Fondo handle the rest—seamlessly file taxes on time, receive accurate & timely financial reports, and claim up to $500k per year in cash-back tax credits from the IRS, all on autopilot.

1,200+ high-growth startups trust us and starting today any startup can try Fondo for $1: https://t.co/P86kMPh8Oz

Thank you to all our supporters who believe in our mission and vision. The round is led by @moneyforward (@rakeemrakeem, @Yosuke0630) with participation from @ycombinator (@gustaf, @mwseibel, @daltonc, @arnavsahu341), @foolventures (Maggie Dorn, @TMFWillSommers, Abigail Malin), @nextcoastVP (@mikesmerklo, Michael Maloney, @KaitDeBernardo), @twentytwovc (Katey Caldwell), @a16z scout fund (@theo, @wwshaef), @IndexVentures scout fund (@nitzanshapira), @costanoavc scout fund (@iamtoddjohnson), @1121vc (@itsmikerose), @rhobusiness (@everettcookny), @Capchase debt (@miguelflarrea) and angels including @CraigJamalLewis, @ChrisJBakke, @james406, @jshchnz, @gpcastle12, @LorenBrill, @Austen, @hpatel, @MattDoka, @jundoima, @iamjasonlevin, @daviddotwalker, @doubleshdw , @RTorenberg021, @danikalyon, @bisla, & others

Thank you @kateparknews at @TechCrunch for covering our story: https://t.co/43orktP1np

[Fondo.com @Fondocom]

Don't forget—Founders Fright Night is Halloween Night!

We’re teaming up with our friends @WeFunder to throw a closing celebration 🎃 👻

See you there?: https://t.co/A6x8MZ9HOF

#TechCrunchDisrupt2024

[Jay @UK1999]

@elonmusk Thank you for the House (and maybe Senate next year). Huge market crash on deck if not…and the scary part is they know this.

[David J Phillips @davj]

𝗔𝗡𝗡𝗢𝗨𝗡𝗖𝗘𝗠𝗘𝗡𝗧: Last month @fondocom crossed $6M ARR — and we're profitable!

𝘛𝘩𝘪𝘴 𝘮𝘦𝘢𝘯𝘴 𝘍𝘰𝘯𝘥𝘰’𝘴 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘮𝘰𝘥𝘦𝘭 𝘪𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘢𝘯𝘥 𝘸𝘦 𝘤𝘢𝘯 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘴𝘦𝘳𝘷𝘦 𝘩𝘪𝘨𝘩 𝘨𝘳𝘰𝘸𝘵𝘩 𝘴𝘵𝘢𝘳𝘵𝘶𝘱𝘴 𝘪𝘯𝘥𝘦𝘧𝘪𝘯𝘪𝘵𝘦𝘭𝘺.

𝗪𝗛𝗬 𝗜𝗦 𝗧𝗛𝗜𝗦 𝗦𝗢 𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧?

At Fondo we are building the all-in-one accounting platform for startups -- helping 1,000+ of them put bookkeeping, taxes, and tax credits on autopilot.

Our customers rely on us for a mission critical function of their business, and it’s important to continue to serve them indefinitely.

To achieve $6M ARR and profitability in this market means that: 𝘈𝘵 𝘍𝘰𝘯𝘥𝘰, 𝘸𝘦 𝘥𝘰 𝘯𝘰𝘵 𝘳𝘦𝘲𝘶𝘪𝘳𝘦 𝘧𝘶𝘳𝘵𝘩𝘦𝘳 𝘧𝘶𝘯𝘥𝘪𝘯𝘨 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘰𝘶𝘳 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴 𝘢𝘯𝘥 𝘢𝘳𝘦 𝘪𝘯 𝘤𝘰𝘯𝘵𝘳𝘰𝘭 𝘰𝘧 𝘰𝘶𝘳 own 𝘥𝘦𝘴𝘵𝘪𝘯𝘺.

𝗙𝗢𝗡𝗗𝗢 𝗛𝗔𝗦 𝗚𝗥𝗢𝗪𝗡 𝗔𝗧 𝗩𝗘𝗡𝗧𝗨𝗥𝗘 𝗦𝗖𝗔𝗟𝗘 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 𝗧𝗢𝗢 𝗠𝗨𝗖𝗛 𝗩𝗘𝗡𝗧𝗨𝗥𝗘 𝗖𝗔𝗣𝗜𝗧𝗔𝗟 ($𝟭.𝟮𝗠 𝗥𝗔𝗜𝗦𝗘𝗗)

The Fondo team has repeatedly exceeded top quartile growth benchmarks year over year, without raising too much VC. I’m proud about what we’ve accomplished together.

This is only the beginning. We are at the starting line and excited for what’s next!

𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘀𝗼 𝗺𝘂𝗰𝗵 𝘁𝗼 𝗼𝘂𝗿 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 @posthog, @james406, @chrisjbakke, @emergetools, @jshchnz, @pingdotgg, @t3dotgg and others for giving us the opportunity to support you -- this is our lifeblood and has made this possible.

𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘁𝗼 𝘁𝗵𝗲 𝗙𝗼𝗻𝗱𝗼𝗹𝗼𝗿𝗶𝗮𝗻𝘀 @brian2346, @dylsphillips, @dianeemccormack, @ali_ghanimati @stefan415, @UK1999, @luccalipisky, @BrandonCorrell1, @brennanp, & others for your ambition, ingenuity, work ethic, and obsession with solving our customers’ problems.

𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝘁𝗼 𝗼𝘂𝗿 𝗲𝗮𝗿𝗹𝘆 𝗯𝗮𝗰𝗸𝗲𝗿𝘀 & 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀: @ycombinator, @gustaf @mwseibe, @TransmediaCap, @ChrisRedlitz, @peterboboff, @gmovp, @erikford, @jediknights, @NewDoVenture, @Liquid2V, @Capchase 𝗮𝗻𝗱 𝗮𝗻𝗴𝗲𝗹𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴: @mandelaSH, @MrStartup, @parthbhakta, @Markgee, @_chrisyang, @kevinverse, @amyludlum, @Robbie, @jasonmustian, @AllanTYoung, @juhapaananen, @pariarajai, @marcotrombetti, @andresbarreto, @chrisamccoy, @gpcastle12, @jundoima, @Tbobx, & @keyvanfirouzi

🫡 𝗚𝗢𝗗𝗦𝗣𝗘𝗘𝗗 𝗧𝗢 𝗔𝗟𝗟 𝗧𝗛𝗘 𝗙𝗢𝗨𝗡𝗗𝗘𝗥𝗦 𝗕𝗨𝗜𝗟𝗗𝗜𝗡𝗚 𝗜𝗡 𝗧𝗛𝗜𝗦 𝗠𝗔𝗥𝗞𝗘𝗧, 𝗬𝗢𝗨’𝗩𝗘 𝗚𝗢𝗧 𝗧𝗛𝗜𝗦.

Any founders who need help with ⤵

• 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝘁𝗮𝘅 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 October 15th (all Delaware C Corps legally required to file — there’s still time to get up to $500k back from the IRS if you filed an extension)

• 𝗔𝘃𝗼𝗶𝗱 $𝟱𝟬𝟬/𝗱𝗮𝘆 𝗽𝗲𝗻𝗮𝗹𝘁𝘆 from the new BOI filing requirement due within 90 days of incorporation

• 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 (get your runway, P&L, and BS when you need it for investor updates/requests, 409a valuations, planning, and survival)

Get an instant quote or schedule a call here — we’d love to support you: https://t.co/9qFOPuxNzj

[Jay @UK1999]

I just got this text message. Sadly it is a real text, no joke. I’ve never been a registered democrat but can all political groups PLEASE stop using skin color to divide us? Pretty please? 🙏

[Jay @UK1999]

He’s only 11 but I’m saving this one for when we’re seeking college scholarships 🏀💥@UKAthletics

[Fondo.com @Fondocom]

Sending financial reports? try the New Fondo Reporting and get them done in less than 5 Minutes!

[Jay @UK1999]

Want less housing and continued high prices? Go with rent control.

While we’re at it, why not limit annual rent increases to 2%, the FED’S inflation target? 😆🙄

[Paul Graham @paulg]

This is painful to watch. Rent control is already a stupid idea, but he misreads the 5% on the teleprompter as $55. That means he doesn't even remember what his own policy is.