Rex Salisbury Profile picture
Jun 13 2 tweets 1 min read Read on X
Fintech IPOs are back!

So I've been talking to founders who've done it.

First up, Jason Gardner from Marqeta.

IPOs are big moments that can seem inevitable in retrospect. But these stories are anything but linear.

We discuss
- the big pivot that almost broke the company
- going public in 2021
- the big customer that defined the company for years
- the one mistake he's made twice and always warns founders about
- why he thinks a lot of the future of fintech lies in the Middle East
Full interview here

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More from @rexsalisbury

Aug 6, 2022
1/ the biggest profit pool ripe for disruption in finance:
$500+ billion in interest income.

banks pass along less interest to their customers while making more than ever before.
2/ it looks even worse if you take into account inflation.

bloomberg.com/news/articles/…
3/ some new entrants are already working on this:
2.0% at wealthfront
1.8% at SoFi
1.5% at Marcus

but there is more work to be done besides high rates
Read 5 tweets
Aug 5, 2022
1/ spoke w/ @rebecca_szkutak from techcrunch on why the emerging managers (especially those whose fund's are mostly undeployed) are well positioned in current market.
🧵👇

techcrunch.com/2022/08/04/6-f….
2/ the exit environment that matters to a fund like ours, which is investing very early, is more than seven years in the future, so the pain being felt later stage is less relevant.
3/ all @Cambrian_HQ's portfolio companies have 24+ months of runway and are in a good position to put their heads down and keep building through a market cycle (and hiring is starting to get easier)
Read 4 tweets
Jan 21, 2021
1/ The end of @simple and the rise of neobanks (a neobank is dead, long live neobanks!)

a story 👇
2/ When @simple announced it was shutting down this month, the news was met with dismay from both its customer base and the greater fintech community.

The arc of Simple, one of the first neobanks to enter the mainstream zeitgeist, was a harbinger for the rise of fintech.
3/ When it was founded in 2009, Simple was a revelation. Here was a company that brought technology to banking, offering smart budgeting and safe-to-spend balance monitoring.
Read 14 tweets

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