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Dan Kleinbaum
@danbabbles
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2x Founder. Building and investing in fintech. Will be an acorn farmer or a chef when I grow up. @BeyonicTech (acq by @onafriq). @purdue @utexas @techstars
Cape Town, South Africa
Joined January 2010
.@StoneAtwine - leaving you off this list (and UG in general) was an oversight. Please forgive me.
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This is somewhat akin to air resistance that compounds over time. Where: Compliance cost(t) = TPV(t)^3 + TPV(t-1)^2 The costs of fucks ups is higher as time goes on. The ability to do things like get tier 1 customers (or go public) is harder when this isn’t factored in early.
As a headline metric, TPV in early-stage b2b xborder startups is very much like GMV in b2b marketplaces. Teams can pump this early in an unscalable context (unit econ, compliance, GTM, etc). Useful signal for hustle. Not as useful as a signal for longer-term viability.
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@bernard_parah Have you dug into any of the bittensor subnets? A few months ago there were rumors of this but I don’t know if it’s actually happening.
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@fryderyk_sitnik @NikMilanovic I've heard that Visa's FX business is >$1B in revenue, but this did not come from official communications.
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@AMrjoian @vanjchan @Morgan_J_Talty Any difference in the ability for you to make the bestseller list if it’s hardcover or kindle version?
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