Oct 24, 2021Chaordic organizations, community investing & the return of the DAODee Hock, the founder & former CEO of Visa is one of the preeminent practitioners & thought leaders of organizational development. His influence in the formation of Visa from a “set of unorthodox convictions about organization growing in the mind of a young corporate rebel,” to a $500B company that…Crypto32 min readCrypto32 min read
Sep 1, 2021The everything bubble & TINA 2.0If you turn on the TV, or read the financial press, financial pundits & investors alike are talking about “The Everything Bubble.” …Finance22 min readFinance22 min read
Aug 9, 2021Buy Now, Pay Later & Payment RamificationsThere’s been a lot of ink spilled over Square’s $29.0B acquisition of Afterpay, ramifications for public / private payment companies; with numerous bulls / bears on both sides. …Bnpl19 min readBnpl19 min read
Jun 8, 2021FinTech 3.0 Re-Architecting Financial Market Infrastructure & DeFiFinancial Services Background The origins of finance are as old as civilization itself, with the earliest historical evidence dating back to 3000 BC. Banking originated in the Babylonian empire where temples & palaces were used as safe places for the storage of valuables. Over the past 5,000 years there have…Fintech40 min readFintech40 min read
Mar 25, 2021The Excess of Everything: The Markets Unrelenting Supply Creation MachineLast September we wrote about capital allocation & risk asset ramifications in a 0% interest rate world. We said: “QE Infinity turned your savings account into your checking account, the bond market into your savings account, the equity market into the bond market, the venture market into the equity market…Equity7 min readEquity7 min read
Jan 29, 2021Payments & The Trillion Dollar Market OpportunityFinTech continues to heat up with demand from both public & private investors & seemingly not enough supply. FinTech 1.0, 1.5.0, and 2.0 public companies have traded well over the past 12 months or enjoyed warm welcomes to the public market with companies such as PYPL +103.8% / SQ+188.7% /…Payments18 min readPayments18 min read
Dec 28, 202010 Thoughts as 2020 Comes to an EndIn May we wrote about COVID-19 as a societal accelerant, the implications for Cloud vs. Land Jobs, Content Consumption, Digital Banking, Domestication of Supply Chains, eCommerce vs. Physical Retail, Educational Disruption, Precision Wellness, Remote Work, Telemedicine, and more. As we turn the page into 2021 we think it’s important to…Fintech19 min readFintech19 min read
Nov 22, 2020The (Neo) Bank Bundle & Transition to Subscription RevenueAccording to an analysis for The New York Time conducted by Mint, in 2019 people spent $640/year on digital subscriptions such as streaming video, music services, cloud storage, dating apps, and online productivity tools, up 7% from 2017. West Monroe, a technology consulting firm published an article entitled America’s relationship…Fintech16 min readFintech16 min read
Nov 9, 2020Moats & Network Effects in Financial ServicesLast week the DOJ filed a lawsuit to block Visa’s proposed $5.3B acquisition of Plaid which was announced in January. The complaint had to be creative because Visa & Plaid don’t really compete today but the DOJ held no punches. …Fintech14 min readFintech14 min read
Oct 17, 2020Investing & the Convergence of Public & Private MarketsBackground If you rewind the clock ~100 years, prior to the Great Depression there was no concept of “public” or “private” markets; investments were on a continuum of liquid vs. illiquid and regulated vs. non-regulated. …Investing20 min readInvesting20 min read
