Inventor of Earned Wage Access. Café sidequest. Spent 100+ days at sea. Lent $250k on Craigslist at 16. Tweet fintech, Canada tech, and half-baked thoughts

Calgary, Alberta
Last week, I wrote 2 checks to Canadian founders 🇨🇦 This week, I'd like to write 2 more. Who's raising?
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15 years ago many machines in the US accepted tap but no one knew this and no cards were issued for it yet. But in Canada we were already experts. I remember feeling like a magician.
Company with the second most revenue in the ENTIRE WORLD by the way
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What do I pack for a week with a 5 month old? Glass bottles, big stroller, hatch.. all these seem unnecessary, but necessary. @maiab I feel like you've got the travel pack down
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It's pretty easy to see that BaaS commoditizes and is completely democratized over the next two years If you look at the arc over the last 10 years, it went from needing to own the entire stack to integrating with a couple solutions, and then one. Ability to launch a card product went from 1 year to 8 weeks. I think that 8 weeks goes to 8 hours over the next 5 years. It's why owning the funds flow is so much more valuable than owning the banking destination. Banking destination means nothing in the next 5 years.
Neobanks are great businesses that are easy to run. Today, you can create your own in 15 minutes on Whop: whop.com/blueprints/neobank
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The future of ordering anything is headless. How long until websites are dead?
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I've written 43 angel checks alongside building ZayZoon to $100M + ARR But Canadian angel investing is broken In the US, SPVs and angels dominate In Canada, deal flow is sh*t, minimums are high, and infrastructure barely exists. I'm doing something. Lmk if you wanna invest
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I ran the same prompt to instinct and muse today to purchase a specific iPhone case. Muse is still working on it.
I can’t believe how much raving I see about muse, feels like every single thing I try to do fails
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Tate Hackert retweeted
Replying to @steveonomics
The point of man is to build, create, and improve the lives of others. The number on the screen is not relevant.
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Who are the founders in Ottawa to meet?? 🇨🇦 👀
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Monzo raised £1m in less than 100 seconds in 2016. That's around a 50x return for those funders
Nubank rumoured to acquire Monzo for ~$13b. But who gets the 💰? My usual breakdown below 👇 Investors are likely to share a huge $9.3b of profits combined, on $1.9b invested. This represents a 5.8x blended, across 11 priced rounds. 🤑 The Founders & team will share about ~$2.0b. This is a super win for a company that had to take a down round mid-2020. My takeaways below: 1) Passion Capital's absolute home run 👑 @eileentso and Passion led each of Monzo's first three rounds. They also kept following-on in almost every round after that. The Seed alone will return nearly 200x! Across the three seed rounds they led, that's ~$1.6b of proceeds on ~$18m invested. Legendary. 2) Two huge absolute $ winners: Goodwater and Thrive 🏆 Goodwater led the Series C in Nov-17, at a $330m post. It will return over 20x the money. That round will generate the most absolute $ of all rounds at ~$2.0b. 📈 Thrive led the Jul-17 Series B round at $100m post money valuation, and is now looking at a cool~50x on its investment. Two amazing good calls within a few months of each other. 3) The crowd did great 🙌 Monzo raised three crowdfunding rounds, including the famous "£1m on Crowdcube in 96 seconds" in 2016. Those customers-turned-shareholders are sitting on ~35-80x of profits! Probably the second best-performing retail investment in UK tech history, after Revolut's own crowdcube campaign (where investors are now sitting on 1,000x+ paper gains). 4) Buying the dip paid off 📈 The Jun-20 down round (Novator, Nikesh Arora) came in at a ~$1.7b post money valuation. Interestingly, this is below the 2019 price. Back then, everyone thought Monzo might not make it. That round will returns ~5.9x and about $1.6b. 5) The latest growth rounds: good, not great 😐 The Series H (ADQ, Tencent, Coatue) and Series I (CapitalG, GV, Hedosophia) make ~2.5x each. For the Series H specifically, after almost five years: respectable, not spectacular. 6) Team & Founders 🧑‍🤝‍🧑🫂 Firstly: mega congrats to @tomblomfield, TS Anil and the whole team. This would be an incredibly outcome and it is definitely one to be celebrated. The team here will do very well, despite Monzo raising eleven rounds and diluting meaningfully. I estimate that Founders & ESOP will get about 15% of the outcome, or ~$2.0bn.
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We're so early. Everyone will be using a full time assistant of compute like this within a year
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A story in 2 parts. Congrats @_ColeBennett_ nothing better than seeing someone dream big and have it come true
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My son gave his first belly laughs and I don't know if there's anything better than that
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Tate Hackert retweeted
I currently have 43 angel investments. Wander is one that will return the entire portfolio.
A few years ago, I felt that AI would change the way people book travel. I started @wander to build the infra to experience the world. To help people, all people, find their happy place. So we built a new product, led by that vision. The how, matters far less than the why.
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This is why a third space is so important.
is this genuinely the explanation for decline of everything - friendships, excitement, spontaneity, dating?
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Does anyone else just feel much more relaxed using @WisprFlow? I liken it to Tesla FSD.. same drive, same output, but much less fatigue.
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Team, I run a startup with 220 people. I also run a community entrepreneur space. Let's chat @WisprFlow sponsorship and events
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Canadian btw 🇨🇦
Introducing Rent Rewards by Zown Earn 8% back on your rent each month, up to $10,000. Available starting today.
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You can tell with certainty how good an espresso with milk is going to be by how hot it is served
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Find the fine line between annoying and endearing. If you can master this, you've mastered 80% of business
I hate how much of business is waiting and deciding how frequently you can follow up without being too annoying. And when someone is willing to come along and move with extreme urgency it’s the best thing in the world.
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Will the future of AI be charged as a percentage of value created/saved?
My instinct just saved me 24% on car insurance: - gave it access to Geico - pulled my coverage - shopped around for same - sent me a ready-to-pay quote Will save $1005 for the same coverage. How can you not be BULLISH?? 🥹
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