Evin Wick

Fintech, product, SF

[Evin Wick @evinwick]

@RonakPakzad @Plinz @maxhodak_ @stephen_wolfram @drmichaellevin @CIMCAI Looks very cool!

[Evin Wick @evinwick]

@trybasis @Accel @GVteam Congratulations @trybasis team!

[Evin Wick @evinwick]

I am impressed by the size of the delta. Would love to know about average loan size and average business size but very cool in the abstract

[Patrick Collison @patrickc]

I'm very excited that we now have results from an almost two-year randomized controlled trial that we ran across thousands of businesses on Stripe: those that accepted a loan from @Stripe Capital grew annual revenue around 27% faster.

(Two years isn't that long in the scheme of things, but it is when you're waiting for the results of an experiment you're interested in.)

We had two kinds of controls: businesses to whom we offered loans but didn't accept them, and a holdout group of businesses to whom we randomly did not offer loans but which were otherwise identical to those to which we did. As such, we feel confident in the causal nature of this conclusion.

While this might not sound like news ("capital increases growth"), I think the finding is a good reminder that many businesses are still quite capital-starved (this effect is on top of all of the other sources of capital that businesses have access to), and it is consistent with what we hear directly from businesses in surveys. Beyond Stripe, inefficient capital allocation at economy-wide scale is likely a major bottleneck to growth around the world.

We have an ambitious roadmap planned and we're very much looking forward to expanding worldwide access to growth capital.

[Evin Wick @evinwick]

@lennysan Absolutely! This is where founders need help. Building at least early builds is becoming much much easier so the importance of distribution is simultaneously more obvious and harder.

[Evin Wick @evinwick]

@mattyglesias Yes these seems easily knowable but not widely known - why?

[Evin Wick @evinwick]

@tylercowen you don’t believe in conspiracy theories. What about plastic recycling: it is supported by elites, politicians and media. It doesn’t work versus obvious climate or pollution goals. It is a conspiracy? Do you believe it?

[Evin Wick @evinwick]

@morganlinton @diabrowser Cool, thank you for sharing!

[Evin Wick @evinwick]

@elonmusk Glad to see @elonmusk speaking out on this. Too many Republicans have been too quiet about something with longterm consiquences.

[litquidity @litcapital]

This October, I’m helping bring Tech Week to CA. To kick things off, we’re giving away 100 limited-edition Lit x Tech Week sweaters and a few invites for exclusive events

To enter:
- like this post
- retweet
- follow both @litcapital and @Techweek_

See you there 🤝

[Evin Wick @evinwick]

@KamalaHarris when are you going to go @theallinpod ?

[Evin Wick @evinwick]

@JoeBiden just a normal person here who does not particularly want DJT as president -
Can you please withdraw from the race?

[Evin Wick @evinwick]

@kennedytcooper I do not believe that this is at all true. Tricks like this is are how they try to convince you that inequality is a much more simplistic problem than it is.

[Evin Wick @evinwick]

@SNOboston Yeah logically representatives should be utterly average stock pickers. If they have an edge, its one I want to get in on though!

[Matthew Yglesias @mattyglesias]

House Republicans want to make it harder and more expensive for you to file taxes in order to pad TurboTax’s bottom line.

Sick stuff.

[Evin Wick @evinwick]

Woof taxes are never fun but @puzzlefin made it easy for @findnell go through all our 2023 financials in about an hour export everything we needed into a single excel file so we could file taxes and get back to building.

[Senator Scott Wiener @Scott_Wiener]

His current slogans notwithstanding, Aaron Peskin has long been San Francisco’s housing obstructionist in-chief.

He also opposed car-free JFK.

He’s not progressive. To the contrary, he’s quite conservative.

Now he’s running for Mayor.

Hard pass.

[Evin Wick @evinwick]

@getclearspace this Andrew Huberman quote is much funnier than when I last saw it two weeks ago.

[Evin Wick @evinwick]

Shoutout to the german rock band Helium 6 for getting the better of google on these helium isotopes:

[Sasha Orloff @sashaorloff]

Understanding finance is the underrated superpower that sets the next great founder-CEOs apart.

Thrilled for @puzzlefin as the EXCLUSIVE accounting partner on the next gen of ambitious founders on @beondeck (and get to work with @julianweisser!)

From ODF batch to partner 🦾🚀

[Evin Wick @evinwick]

@mattyglesias I will read if you post the answer!