hippo

interested in fintech and spirituality.

[hippo @fintechippo]

@arb8020 @WillManidis would be interesting to see if they could get talent from the labs. Not sure if they do rn but would make their thesis more palatable

[hippo @fintechippo]

@arb8020 @WillManidis ramp, palantir. Figma, McKinsey, top PE firms, etc. and then great colleges as well

[hippo @fintechippo]

@xm_build @NikMilanovic @generalcatalyst @AmexBusiness @tryramp @brexHQ @Navan @twifintech uh they’re selling their stake in the company; they’re moving further away from it except maybe some integrations

[hippo @fintechippo]

@arb8020 @WillManidis they have literally the most cracked team from very pedigreed backgrounds

[hippo @fintechippo]

@AlwaysSunnyNYC yes imagine the thesis is around keeping GBT’s strong moat (high retention, well integrated in the largest global companies, flywheel effect where they aggregate largest pool of suppliers and consumer) and cutting OpEx. If you comp to Navan, they are way more bloated

[hippo @fintechippo]

@thomas_long @JulianKlymochko correct, much more of a services esque business with some tech support. take a look at their gross margins to prove they aren’t saas

[hippo @fintechippo]

@arb8020 @WillManidis yah they’re deliberately running on stealth and minimal info

[hippo @fintechippo]

@alexsongis their organic revenue growth for GBT is much lower, think somewhere near 3-5% btw

[hippo @fintechippo]

@yoesbeforebros @CorbettHutch Thursday nights?

[hippo @fintechippo]

@curtismakes @lessin I mean it did carry the whole fund

but yes you’d expect it to create even more returns

[hippo @fintechippo]

@buccocapital can someone else why sentiment has been so poor for payments this year?

[hippo @fintechippo]

@thekevinqi @pitdesi @elonmusk their whole prop (checkout button) just got demolished with competition

[hippo @fintechippo]

@JaredSleeper i actually think the first couple of pages explain poor saas performance, while pg 11 makes it seem like it's the opposite.

"yet saas equity performance has been dismal...", the pages b4 show why it's been dismal (big drop in net retention, decel growth, poor sales efficiency)

[hippo @fintechippo]

@dinabass why is Ribbit participating in these rounds? this is not even close to fintech or even consumer internet

[hippo @fintechippo]

Even if you’re a high earner (>$168k), you can still contribute to a Roth!

1) Open a trad IRA
2) Contribute up to the limit ($7,500)
3) Convert the trad IRA to a Roth. This is a simple form through your brokerage

Be careful if already have a trad IRA as this could be taxable

[hippo @fintechippo]

it surprises me how little financial literacy surrounding retirement is out there

growing up in the bay in a well off neighborhood, I just assumed everyone knew the basics. Not the case!

maybe just coasting off immense tech equity appreciation gave them leeway to ignore that

[hippo @fintechippo]

what happened to vector databases? don’t think any of the players have raised since late 2023 (pinecone, weaviate, etc.)

I’ve only loosely followed the ai landscape, so curious if anyone could explain how they become obsolete (or atleast my perception since there’s no funding)

[hippo @fintechippo]

@ItzSuds on that note, how to meet more people in Palo alto?

[hippo @fintechippo]

@ItzSuds yes there’s some young people in Palo Alto!

[hippo @fintechippo]

@truptinatu @RakeshSFNYC idk why but this rewards things at coffee shops are not really speaking to me, I’ll be reluctant to sign up for them in a way that I wouldn’t be with grocery stores, fast food etc..