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jimmy zhu
@jyzhu
excited to have sourced, and then led @honey’s Series C - a few thoughts on the company that was just acquired by @paypal for $4B (will keep this high-level as the deal has not yet closed; also just finding time now to post - this happened 2 week ago):
techcrunch.com/2019/11/20/pay…
@honey @PayPal 1/ vision: from the beginning, the vision of the company was to democratize money for consumers. cofounders George and Ryan had the courage to stay the course and not chase shinier but more temporary opportunities when others didn’t believe their vision.
@honey @PayPal 2/ consumer first: creating a win/win/win mechanism is incredibly powerful, and all the more sticky when all the friction is removed from using it - consumers save money, merchants get more conversion, honey makes the affiliate fee (not selling data, not charging people)
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#venturecapital #vc #commerce #ecomm #acquisition

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