291–300 of 374 posts
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Not a great solution to constantly have to top up your checking account with some amount between "I need this much to pay my bills" and "losing this amount would devastating" which for many people has quite some overlap
You can pay bills from your savings account with ACH in the US.
Brex's CTO recently came on LS to talk about their AI strategy and tech: https://latent.space/p/brex
Great pod. Timing wise he had to have known about it during recording, but he didn't give anything away.
Why are people saying this seems like a bad deal? If they really only raised $1.7b, per Crunchbase, then this seems to me like a very good outcome for everyone involved except its late stage investors. And, even for the late stage investors, they're breaking even.
No. The last two investment tranches will get back their money, based on 1X liquidation preference. Employees who joined in the last 5 years if they got options are fucked. If they have RSUs then they will take a fraction of their equity. It sounds like investors got out okay, but employees got fucked big time. It's a terrible exit and Brex waited too long until their growth stalled.
I guess it's not a bad Brexit.
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Of course it's a US view. It's a US site and the OP even prefaced it as such. Does every reply need to do the same? Retailers(in the US) typically eat the cost. Some industries(in the US), like gun shops, are up front about charging more for credit card payments. Most companies(in the US) just see it as cost of doing business. Points have next to nothing to do with why you should always use credit cards(in the US). T…
> Retailers(in the US) typically eat the cost This is what I really have a problem with. It feels so incomprehensible to me that, assuming you're an adult, you can think this. It's just a cost, if that cost didn't exist then either the price would be lower or the margin would be higher. In the end you're paying for it. You're the one exchanging money for a good/service. This is proven by your other comment about how…
I think you're misunderstanding the protections we're talking about.
When someone steals my credit card and spends $10k on it, I just dispute it. The charges don't show up on my bill until after the investigation happens, and chances are it will be found in my favor. I continue having my cash in my bank account. Life continues with no changes.
When someone steals my debit card and spends all my cash, I dispute it. They begin their investigation. This means I'm without all my cash for days, maybe weeks, while they do their investigation. Now I can't pay rent. Now I can't buy groceries. My life is pretty messed up at this point.
I've seen it happen to several people personally. It happens all the time.
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Probably true, but our fintech still gets tons of unsolicited emails from growth equity shops. I don't respond because as you mentioned this sector is out of favor, and as such the multiples are not worth my time.
thats just top of funnel, the instant you respond the terms start to become very very unfriendly
Capital One are scumbags. I'm glad they are dying and spending their money on dying companies at the same time. Less than half valuation, lol.
https://money.usnews.com/credit-cards/articles/biggest-us-cr...
This list counts Discover separately, but Discover is owned by CapitalOne now.
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Your statement is true on average because the world’s economy is continuing to function.
Oh wow, I don't even know where to begin with that. Like, the world economy can't continue to function even if acquisitions were only 80% value creation on average? Or does the entire world economy depend on companies acquiring other companies with 100% value creation on average, such that it continuing to function logically implies 100% average value creation?
The number is much much lower than that. Most acquisitions fail or don't have much impact.
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...and Blockchain!
Was this ever a thing? I know individual investors get pretty crazy for blockchain, but I don't recall any major companies doing big investments. At most, I was asked about it briefly, explained what the usecases were, and it never came up again.
At some point yes. Lots of large financial institutions had such projects. IBM e.g. was involved in quite a few of them.
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I wish I could scream this from the rooftops. People should keep their debit cards locked/frozen, and only use them to get money from ATMs when needed. All other spending should go onto credit cards, for numerous reasons that have been bought up throughout this thread.
Most banks/CU will issue you ATM only card that cannot be used a credit card. Might require some wrangling with the bank.