Tommy

Banker at Erebor. Former CRO at Rho. Early GTM at Fundera (acq NerdWallet) and ZocDoc. 1x founder at Rhythm. Jiu-Jitsu teacher in another life. Girl dad.

[Tommy @Tommynyc]

@sahil_seth Congrats! Happy early customer

[Tommy @Tommynyc]

@georgeprobook @sequoia @a16z Congrats!

[Tommy @Tommynyc]

Bucket list experience, but refs ran the game and crowd was a little corporate / soft.

Knicks in 5 🗽

[Tommy @Tommynyc]

@nicoaferr @sahil_seth @withdefault @8vc @owner @AirbyteHQ LFG!

[Tommy @Tommynyc]

@CallMeGillette @Ripple Great run - congrats! Stoked to see what you do next.

[Tommy @Tommynyc]

📍

[Tommy @Tommynyc]

Heating up

[Rex Salisbury @rexsalisbury]

Just in - @ereborbank posted their 1st call report. In 7 weeks since opening, they've already hit $1.1 billion in deposits.

unprecedented growth for a de novo (or fintech)

For comparison
- Grasshopper Bank (also a tech-focused NYC de novo) took 7 years to reach the same number, and only got there via acquisition
- Square Financial Services, even with Block's enormous merchant base, sits at $495M after 5 years.
- Mercury took 4 years
- Chime took 6

At $1 billion this makes them ~1,000th largest bank in America (out of ~4,500).

If they want to be a top 100 bank, thats ~$20 billion of deposits. 5% of the way there in 7 weeks.

Next up...what do they do with those deposits? Will be watching how loans ramp from here!

[Tommy @Tommynyc]

@ptrackrman @ereborbank LFG

[Tommy @Tommynyc]

@noahpompan Hell yeah.

[Tommy @Tommynyc]

There were two banks named at Hill & Valley - the largest, and the most innovative in the world (@ereborbank) 🇺🇸

[Tommy @Tommynyc]

It was always banking.

[Tommy @Tommynyc]

@dharmesh @bhalligan @travisk @HubSpot Amen

[Tommy @Tommynyc]

God bless America 🇺🇸🫡

[Tommy @Tommynyc]

@saleskhalifa Lol. True.

[Tommy @Tommynyc]

@Carles_Reina True

[Tommy @Tommynyc]

@bhalligan @rhobusiness reporting for duty to help fix the fun

[Tommy @Tommynyc]

@paulg Same

[Tommy @Tommynyc]

Reminder, if your GTM team isn’t being called unhinged at least once a day, you’re a non profit

[Tommy @Tommynyc]

@jasonlk Idn, I think it’s fine.

It depends on the leader, of course, and aligned incentives, but living under one roof helps keep new business accountable for long term value realization.