aketchum

8 ms·

31.
by aketchum 2y ago
Sure - but that is buying a bank not forming a new bank. I do agree that in practice this is how well funded companies become banks.
32.
by aketchum 2y ago
but Goldman wont take your call if you are sub $100MM in revenue (probably need way more than that). So you set up your partnership early in your company life then if the relationship is working fine why would you pay hundreds of thousands
33.
by aketchum 2y ago
Column does not offer many of the options that other bank providers do, is fairly expensive, and may not have been in existence when Mercury chose their vendor. Evolve is not a "random obscure bank" - it is a bank that pivoted to
34.
by aketchum 2y ago
There are plenty of reasons to partner with a bank as a fintech other than to drive debit card revenue. 1. There are lots of regulations that say only banks can do certain actions, like lend in all 50 states under the rules of a single stat
35.
by aketchum 2y ago
VIVA Finance | Atlanta, GA | Junior/Senior Back-End and React Developers, Project Manager VIVA is a Fintech Startup based in Atlanta, GA with the mission to build a more inclusive financial system. VIVA offers unsecured personal loans
36.
by aketchum 2y ago
> And ideally give me a choice of providers. This sounds good I guess but would be pretty annoying in practice for basically no upside for the business. I could see having 2 providers that are both randomly used so that we can continue b
37.
by aketchum 2y ago
i joined as founding engineer as my second job, 2 years after college. The founders were the same age which I think let them consider a young founding engineer. It worked out for me and I think if you have the opportunity then it is a great
38.
by aketchum 2y ago
the 3% rule accounts for inflation. Average nominal return 7-10%, inflation of 3.5% average, leaves you 3% withdrawal with no decrease (or even an increase) in principle in real dollars
39.
by aketchum 2y ago
You can hire one for sure, but in my experience they are of dubious value for very early companies. I would focus on understanding your customers. Do you have product market fit proof? Have you strongly defined who your customer segments ar
40.
by aketchum 3y ago
atlanta is trying to fix this by building a park over the interstate in the city center. Only tangentially related but it blows me away how ambitious the project is. The stated goal is for reconnecting communities on either side
41.
by aketchum 3y ago
I opened a Sofi account when interest rates started rising after having only a Truist account paying 10 bps. Sofi paid $300 bonus and that was what actually got me to actually make the switch (their average cac must be over $400!). Its so i
42.
by aketchum 3y ago
there would have to be illegal images in the training set right? which I would imagine would make the whole model illegal and therefore it outputs?
43.
by aketchum 3y ago
This is likely a way for Coinbase to outsource KYC. Plaid gives you regulatory backing to prove you sent the funds to the person you think you did. There are other ways of course but this is an "easy" way for Coinbase to not have
44.
by aketchum 3y ago
Hey Steve! Super exciting project and congrats on the launch! I tried to use my open AI key and am getting an error around "you exceeded your current quota, check billing". Does the standard $20 a month OpenAi Pro subscription wor
45.
by aketchum 3y ago
I grew up in Fairhope, Alabama which was established as a single tax colony inspired by the theories of Henry George. One of the most interesting things to me is that on the bay, you can have two houses next to each other, both for sale and
46.
by aketchum 3y ago
I agree with the sentiment, but cars did put stalls and horse and buggy drivers out of business. Google translate may not have put translators completely out of business but when I travel I dont stress about needing one because I can fall b
47.
by aketchum 3y ago
I didn’t read the comment as an attack on musk at all. It was a direct comparison to a very similar experiment by another company. The poster also said nothing about politics. I think you are projecting a lot here
48.
Ask HN: Relevance of Yearly 409A Valuation
2 points by aketchum 3y ago|0 comments
49.
by aketchum 3y ago
so if it is one of your modules, does that mean that I can say "hey Pier, get me a lending license in NC" and they you handle everything and come back after however long and say "here is your NC lending license"? how do
50.
by aketchum 3y ago
Very interesting - I run the software team for a lending company so this is an area I am very familiar with. How extensive is the coverage of your compliance? Do you handle any dollar size loan in every state? Or do you limit to the easy lo
51.
by aketchum 3y ago
yeah but you run into other issues when you put all of your lambdas on the same VPC
52.
by aketchum 3y ago
just migrated off of PG to ddb as the main db for my application (still copying data to SQL for data analytics). Working with distributed functions and code hosted on lambdas, the connection management to SQL became a nightmare with dropped
53.
by aketchum 3y ago
Since everyone is sharing their similar stories - I had a dell laptop at boarding school and by my senior year it was on its last legs. My friends played a lot of League of Legends and my laptop would overheat, cut off, and my friends would
54.
by aketchum 3y ago
I have no dog in this fight as I rarely deal with cash and do not run a retail business. However from a conceptual point of view I really have a viscerally negative reaction to not accepting cash. It is a societal acceptance of the rent see
55.
by aketchum 3y ago
Article is great, (with it being written by pat mckenzie that is almost tautological) > The value of portfolios is a huge discount to the face value of the debts; at the point where a lender has only worked it themselves and the debt is
56.
by aketchum 3y ago
there was a revolution to "overthrow" the monarchy - just a local overthrow instead of a empire wide revolution
57.
by aketchum 3y ago
re #2 As I understand it, normal marijuana contains 1-2% TCH and the rest being THCA. So the new "high TCHA flower" is not higher TCHA than normal, simply lower pure THC than normal. Craziest part is you can buy the high TCHA flow
58.
by aketchum 3y ago
I assume you are being snippy, but to actually answer the question: Kinda - if you are paid on Fridays then payroll is submitted on Tuesday or Wednesday.
59.
by aketchum 3y ago
I think there is a delay on stock disclosures, like they only have to disclose purchase/sale once a quarter or something which makes it hard to profitably copy their trading.
60.
by aketchum 3y ago
I think that the "star trek" use case of a live translation is super exciting. I think that this also will force people to have pass phrases that they use to authenticate phone calls with. I normally downplay when people bring up

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