31–40 of 87 posts
tl;dr - Their Incredible Journey (TM) ends at Chase
Earlier quoted context omitted.
That is a solid outcome, but with nearly 80m (publicly) raised, likely not a giant return based on those numbers and length of company existing. Some may have done quite well, but plenty of unclear details. There are many notable home-runs for all players involved, FB, Whatsapp, etc, but those are often the exception. This isn't to say it's a bad acquisition or should be dismissed as a failure. It just re-iterates th…
A $220m+ acquisition is absolutely a home run, and likely a win for all involved, even with $80m raised. FB and WhatsApp are once-in-a-decade type returns. In baseball parlance perhaps a World Series winning grand slam or a perfect game. You needn’t exit for $19B for it to be a great outcome.
Earlier quoted context omitted.
A $220m+ acquisition is absolutely a home run, and likely a win for all involved, even with $80m raised. FB and WhatsApp are once-in-a-decade type returns. In baseball parlance perhaps a World Series winning grand slam or a perfect game. You needn’t exit for $19B for it to be a great outcome.
I mean, don't common stockholders (i.e. all employees) still basically get shafted in a down acquisition?
Chase just finished switching their "Quick Pay" infrastructure over to "Zelle", and now they're buying WePay. I wonder what they intend to do with it?
Zelle is not really the same thing as what WePay does. Zelle is peer-to-peer payments, competitive with Paypal, Square Cash, Venmo, etc. (P2P is a term of art in the industry; it's not P2P in the Bittorrent sense. :) WePay is about providing payments infrastructure to marketplaces and crowdfunding platforms (Lyft, GoFundMe, etc.). WePay are competitive with Stripe's Connect product (disclaimer: my employer). Braintre…
I'm surprised that Zelle is moving so slowly - it's a great selling point for a bank/CU. Alas, the system doesn't allow for non-personal payments, so the banks want to preserve their commercial payments processing income.
Huge congrats to the team!
One feature that stood out for me was the ability to issue refunds without fees. It was not common a few years ago. This allowed me to build an event ticketing platform where promoters could sell tickets. If an event is cancelled and we had already paid out funds to the promoter, my business could have been 'on the line' for the refunds.
Even though we were never a huge customer, the business didn't succeed, they still always treated us like we were important. This was a stark contrast to PayPal, whom they were originally trying to take down.
I suspect this merger is also about their fraud detection system. I hope Chase can put it to good use, they need it.
Earlier quoted context omitted.
Sources say it's north of a $220m acquisition - I mean I know that's not a home run but I'm also pretty certain it's not a nothing outcome at all.
That is a solid outcome, but with nearly 80m (publicly) raised, likely not a giant return based on those numbers and length of company existing. Some may have done quite well, but plenty of unclear details. There are many notable home-runs for all players involved, FB, Whatsapp, etc, but those are often the exception. This isn't to say it's a bad acquisition or should be dismissed as a failure. It just re-iterates th…
Earlier quoted context omitted.
A $220m+ acquisition is absolutely a home run, and likely a win for all involved, even with $80m raised. FB and WhatsApp are once-in-a-decade type returns. In baseball parlance perhaps a World Series winning grand slam or a perfect game. You needn’t exit for $19B for it to be a great outcome.
I mean, don't common stockholders (i.e. all employees) still basically get shafted in a down acquisition?
I had breakfast with Bill a few years ago in Palo Alto. It was clear pretty quickly that WePay wasn’t a good fit for us, but he still managed to navigate me through the competitive landscape and helped me figure out which product was right, pitfalls to avoid, regulations, etc. He even offered his help for the future, even though we were giving him zero business. I’m writing all this because I left with the feeling th…
Probably like many others, in the first part of 2012 I invested about $10k in some bitcoins that I still continue to keep untouched today. Tell me once again what should I stay away from??