"but that ignores the path dependency of one market using cash until recently, and the other receiving unsolicited Bank Americards 51 years ago. Once a job is done — and credit cards do their jobs very well — it takes a 10x improvement to get users to switch, and, in a three-sided network, that 10x is 10^3."
Visa Buys Plaid
331–333 of 333 posts
Re: Visa Buys Plaid
#332Earlier quoted context omitted.
> It would be an unusual TPP where the data never left the customer's device. Why? The scenario you mention (providing an unified view of a person's multiple accounts & credit cards) can perfectly be done on the device itself and negates plenty of concerns regarding security, the need for a backend, etc. I personally made an app to display my balance & transactions on my Apple Watch. It's purely local and doesn't eve…
Purely on a customer device would be extremely difficult as the OAuth keys for obtaining the consent would need to be stored on the device, which isn't a solution that scales past one user, from a security standpoint. The problem of customer choice is that customers are very badly informed about the relative security of services, so there's a market for lemons. If the bank has no liability, that's possibly fine (alth…
Why wouldn't it be good from a security standpoint? How do social media clients do it then? As far as I know they do oAuth too and so hold the consumer key & consumer secrets inside the binary.
Leakage of the consumer secret/consumer key alone doesn't compromise security as you still need the access token and refresh token which are per-user.
Re: Visa Buys Plaid
#333Earlier quoted context omitted.
IMO an 83b election only makes sense if you have negligible exercise costs. Otherwise, it's a lot of risk to take on an exit that may never profitably happen.
Eh, it generally can make sense if you can get QSBS, as that is so favorable. All said, the better companies offer partial recourse loans to early exercise.
My point is that most employees at most startups are going to join after the earliest days, with option grants that will have exercise prices that entail a 4- or 5-figure outlay to exercise. Maybe this is just the east coast, but I've never worked at a company that makes loans to allow for early exercise. I'm not sure I know anyone who has had this situation. Even early exercise is relatively rare here.
This is days later, so not sure if you'll see this, but could you explain what QSBS has to do with it?