walt

Six startups, three corporates, leading banking products at Jaris. Banking/Payments/FinTech. Hard fought opinions mine. Let's build.

[Joe Lonsdale @JTLonsdale]

We didn’t have “HR” when building Palantir, for similar reasons - I avoided Ryan’s mistake.

And when we needed some PeopleOps, we hired technical leaders.

Going into the vast majority of companies and firing most of their HR and Marketing departments would tend to create value!

[walt @waltrcox]

Congrats @bpmilne and Dwolla team
Love to see this exit

[walt @waltrcox]

@RogueCfpb @GayBearRes Lots of folks working with Evolve knew well before 2023 this was coming. Charter gives freedom to make poor decisions regardless of industry implications.

The difference between OCC and FDIC regulatory oversight (don’t get me started on NCUA) is staggering.

[Idris Akinlabi @eedris_akinlabi]

Corporate life will teach you that knowing the job is only half the battle.

The real skill is staying calm in meetings, reading the room, managing ego, receiving vague feedback, and not replying emails with your real thoughts.

[Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸 @jimstewartson]

I’m calling it. Marc Andreessen is a fucking moron.

[Tom Goodwin @tomfgoodwin]

I don’t think there is enough reporting on the idea that in the last 3 years , a standard startup playbook has been to lie, cheat, make things up, scam people , break the law, steal things, lie more and then pass it off as “growth hacking”

[walt @waltrcox]

@oost_marcel Leadership context matters. Lead’s roots in Square Capital shaped a long runway toward stablecoin support. Column launched oversubscribed and under regulatory constraints, leading to a more deliberate, selective growth approach.

[Patrick McKenzie @patio11]

A price cap on credit card interest rates would, if adopted, lead radical change in underwriting standards, product availability, and probably credit limits, which many people who want to borrow money would perceive as negative.

[High Yield Harry @HighyieldHarry]

I like rugged individualism

[AI Notkilleveryoneism Memes ⏸️ @AISafetyMemes]

Holy shit is Meta evil lmao

***10%*** of Meta's revenue is from ACTUAL SCAMS that they KNOW ARE SCAMS

When Zuck found out, he shut down... the ANTI-scam team

Imagine trusting this man - or any of these cartoon villains - with Actual Fucking Superintelligence

[Jeff Vaughn @JeffVaughn]

Breaking: an auto source tells me Toyota never even considered California, instead announcing a $912M investment in the states of Kentucky, Mississippi, West Virginia, Tennessee and Missouri. Why?

"California is lost. Not one of our employees wants to live there because it's too expensive and your taxes would be too high for our families."

• Missouri's state tax rate is 0 to 4.7%
• Mississippi has an individual tax rate of 4% with a multi-year phase down to 3% by 2030.
• Kentucky's state tax rate will decrease to 3.5% effective January 1, 2026.
• West Virginia's tax rate is 2.22 to 4.82%
• Tennessee does not have a state individual tax

California has a state tax rate of 13.3%

[Adam Delehanty @adam__xyz]

raising from Andreesen is negative signal, has been for years

[walt @waltrcox]

For those who so carelessly work in a space I’ve spent my career in, I have little regard or tolerance. Raising money does not make you a visionary. It provides room to prove how you execute and win. Execution is all that matters to me.

I was not a culture fit

[walt @waltrcox]

Walt you cantankerous, grumpy bastard I hear some of you saying. It’s ok to miss deadlines! It’s ok to fail!

I agree. Communicate. Make it right. The customers signed contracts. Be an adult, and make it right.

Nope. Leave them hanging…there’s a conference to plan.

[walt @waltrcox]

Deadlines in implementations were slipping. So, let’s dig in and figure it out across prod/eng. Except, prod stopped attending meetings…prod consistently didn’t ship, or communicate, prod motion was unpredictable and random.

Guess it’s ok to not delivery for customers? 🚩 🚩