Thread by @patio11

I invested in @compound because some tech people are going to have a class of very niche financial challenges, and there existed basically no good solution for them, to the enduring detriment of many.

They launched today: withcompound.com/a/introducing-…

It’s occasionally socially discouraged to talk about these sort of things in tech, which is one reason why people who don’t come from money get rolled by commissioned sales reps (or given catastrophically poor advice by the friendly neighborhood non-specialist accountant).

And so most of the existing advice is either a) oral lore or b) a very small number of very skilled professionals who, if you have to ask, do not want to work with you.

Compound is trying to bring that, with some actual software involved, to the broader set of tech workers.

“Do you use them?”

Due to the joys of International Tax Compliance I have a lifetime subscription to Rolling Your Own Financial Infrastructure Magazine.

“What sort of niche financial challenges?”

All of the money questions you could have about your career or personal situation that are distinct from ones the middle class typically has.

“Should I early exercise my options?” “X0% of my comp is RSUs; does that mean anything?”

“I would like to get a mortgage. My assets are a laptop and this piece of paper; sophisticated investors would pay more than a million dollars for it and yet the bank I asked said no mortgage. What gives?”

“I want to send kids to college. Not my kids. … How does one do this?”