Oh, look, yet another company founded by an immigrant.
nCino S-1
31–40 of 93 posts
Re: nCino S-1
#32Within the local entrepreneurship community, they're recognized as being very successful, but most people who live here don't even know who they are.
They've done a nice job, and they deserve this. Congrats team!
Re: nCino S-1
#33Earlier quoted context omitted.
Immigrants are a net positive for the economy!
In 1993, the California Republican Assembly (a conservative activist group chartered by the state party) passed a resolution declaring illegal immigration to be an economic positive for the state of California. A year later the party decided to go all-in on anti-immigration hysteria and paid for some disturbingly racist ads ("they keep coming"). This gave them short-term gains politically but by the 2010s the Republi…
Re: nCino S-1
#34...
Re: nCino S-1
#35Can someone explain to me why this is important? Not trolling, I'm serious.
Re: nCino S-1
#36Earlier quoted context omitted.
Is there some idea you'd like to share?
Assuming positive intent, I think he meant “and that’s why we should encourage immigration”
Re: nCino S-1
#37Earlier quoted context omitted.
Immigrants are a net positive for the economy!
Indeed. A.S. G^2P was meant to chide the current administration for the (clearly very political) travel bans [0], temporary (??) suspension of visas (incl. H1-B) [1], and general racist isolationism. [0]: https://www.whitehouse.gov/presidential-actions/proclamation... [1]: https://www.npr.org/2020/06/20/881245867/trump-expected-to-s...
Re: nCino S-1
#38Oh, look, yet another company founded by an immigrant.
I don't know why and when you decided to go to the dark side of ruining HN with unsubstantive political comments and flamebait, after something like a decade of being the leading HN user arguing against it, but it's really dismaying and we need you to stop. Please stop. https://news.ycombinator.com/newsguidelines.html
Re: nCino S-1
#39Re: nCino S-1
#40Can someone explain to me why this is important? Not trolling, I'm serious.
nCino is one of a relatively small number of players turning the complex process of operating a certain kind of bank- of which there are thousands in the US- into turning the crank on a SAAS-delivered machine.
With a new platform come capabilities for new products and services around money- not payments, as has been the hotness for quite some time, but deposits and lines of credit, for individuals and small to mid sized businesses.
And for nCino, having thousands of customers each of which has thousands to hundreds of thousands of customers, each of which has deposit and line of credit accounts, each of which has lots of transactions, and through which their survival as a business is managed- that's a really nice data set to do some really interesting analytics on.
So, yeah, important.