The ones that are publicly traded have been getting destroyed: robinhood, affirm, paypal, coinbase Fast sizzling out "faster" than ever, blew through $120m in a legendarily stupid fashion (I don't even think I could spend this if I tried in 2 years) Excluding Stripe because they are probably the only one with a future. Fintechs that are set to go public that are already valued over $20b: - checkout.com ($40b) - klarna ($45b) - revolut ($33b) - FTX ($32b) - Chime ($25b) (my favorite one, just a greendot card with a frontend that looks like it was whipped up by a new grad over a weekend) honorable mentions that are over $10b: bolt, brex (another funny one, literally just a corporate credit card with a cute UI with tons of competitors entering already), plaid (actually good), ripple, alchemy Do you really think any of these companies still have room to 5x? 😂 TC 280
Bolt?
Bolt ons
B58 FBO
Agreed. Upstart even after being profitable is justvvalued at 9 billion. Crazy times
You missed SoFi. Spending $400m on a football stadium only to have Biden pause student loan payments forever.
You missed Block
What about it. Did you see last quarter’s results?
Not a startup either. Might as well bring PayPal into this topic if we gonna talk about Block
The problem just is Fintech IMO Every preipo startup with blown up valuation seems super risky at the current market.
Why is plaid the only one you’re saying is good
It really is wild. MongoDB isn't perfect, but with a recession looming why would you join a Fintech startup over something with a strong subscription revenue stream like Mongo, Snowflake, Databricks, etc.
How about M1?
Marqeta?
They're stable from what I can tell, been following for about 5-6 years
They seem to be doing well. Had a chance to join them four years ago but ended up not doing so as their VP of Product was a complete d*ck during the last interview loop. I missed out....
Don’t join a startup. That’s a loser position to be in. Instead, make a startup.
Yup . Be your own loser
Yup. Be a loser with an ego.