Two Laws Of Startup Physics

Fifteen years into my venture capital career, I’ve come to believe there are two undeniable laws of startup physics:

Capital compounds both positive and negative formulas.

All positive formulas compound at diminishing rates of return.

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I am SO EXCITED to launch a new Fintech Podcast series in conversation with Eric Glyman - CEO of Ramp

👉 How is Ramp driving hypergrowth?
👉 What is their 'company equation?'
👉 Which partners do they use and why?

Search for 'Fintech Brainfood 🧠' in your podcast client

Exciting news! 🎉

🤝 Deutsche Bank is helping us bring non-dilutive, scalable growth capital to more SaaS companies across Europe with €105M of debt financing.

📰Read the full article here:
bit.ly/3UTMjnR

The cat's out of the bag! Incredibly excited to share that Footprint raised a $13M Series A, led by QED Investors. Over the past 2 years the entire team worked tirelessly to build the best onboarding tool in the market and today's announcement is a testament of that.

I'm thrilled to announce Footprint's $13M Series A Round, led by QED Investors . Our goal: make identity portable to remove identity theft, fraud, and friction from the internet. This round empowers us to double down on product to continue to be much more than a checkbox. We

QED Partner Amias Gerety (Amias Moore Gerety) told PYMNTS that last week's Supreme Court ruling on the CFPB's congressional funding structure was not a complicated issue.

Now the focus can turn back to using fintech to empower consumers.

pymnts.com/news/regulatio…

What the fintech ecosystem needs to internalize is that Regulation almost always follows 'complaints and damages'.

And once the Regulatory apparatus is unleashed, it's difficult to control its scope and how it perceives risks and potential solutions.

Fun times ahead.

Brand new dance pop single “DOSE OF YOU” out on all major platforms! 😏🖤❤️‍🔥 Listen & let me know your fave part if you like it! Link in comments!
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#pop #pop music #dancepop #newsongalert #newmusic #songwriter #britney spears #britney #britney army #britney bitch #dancechallenge

The strategic advantage a startup has over an incumbent drops to zero without speed.

“Angel and Alex have surrounded themselves with a world-class team that we believe is just scratching the surface on the consumer and merchant payments opportunity in Mexico”
latamlist.com/aplazo-lands-4…

Kudos markets to consumers with a simple promise – the opportunity to double rewards when you pay with the right card at the right merchant.

Today, we led Kudos' $10 million Series A.

Thanks to Christine Hall and TechCrunch for the exclusive story.

“The best place to hide a dead body is the second page of Google search.” Never heard this quote before, but so true. Great thread, Frank.

Don't miss @DKimerling's sessions at the @JoinAllocate Beyond Summit on Thursday, May 23: “Liquidity in #VentureCapital : Navigating the Changing Tides and Charting a Course for the Future” and “The New Era of #VC : How Emerging Managers are Reshaping the Industry.” See you there!'

Compound is a wealth management startup that raised $35 MM in Series B in Jan ‘22

My understanding is they built a bunch of ‘cool tech’ but did not sign on customers and iterate from there

fintechjunkie’s point below on first time vs repeat founders is right on…

There’s a saying that first time Founders focus on product and repeat Founders focus on distribution.

The lesson that’s been learned by repeat Founders is simple:

The top reason startups fail is due to an inability to scale efficiently.

So it's not a surprise that repeat

Here’s the problem with being a pessimist with a scarcity mindset:

EVEN IF YOU’RE RIGHT it’s a miserable way to live.

But it’s more than that. In a very real sense…

👉Whatever you believe, you’re right.

Whether it’s confirmation bias, actions following beliefs, or something

Invest in your ability to tell a story. Make it a superpower.

Today, Nubank $nu announces that we have surpassed 100 *million* customers international.nubank.com.br/100m/nubank-su…

And from our last earnings statement we shared that 83% are monthly actives.

Onwards to 200 million!

Episode 432 w/ fintechjunkie of QED Investors is live! It was a pleasure to have you on the show, Frank.

Check out the episode to hear our conversation about:
- Decentralization
- Financial Nihilism
- Megatrends and more.

Link in our bio.