immad

10 ms·

61.
by immad 7y ago
Actually most banks make money on deposits and thats their primary source of revenue. We have a rev-share with the bank on deposits revenue. Most of the time there is no good reasons for there to be any fees in our opinion.
62.
by immad 7y ago
Quickbooks/Xero - We do a compatible data export for them. Which works okay for our bookkeepers (Pilot). We are working on integrating with their bank aggregator. Xero will be done pretty soon. Quickbooks, I don't have an ETA on.
63.
by immad 7y ago
I am co-founder, CEO of Mercury. Excited to see this on HN. Happy to answer any questions. We set out wanting to: a) deliver an amazing online banking experience for startups b) help entrepreneurs understand their revenues/costs better
64.
by immad 7y ago
Currently no. But it's a normal bank account so everything should work. We plan to integrate in to Stripe/Paypal and provide analytics/useful info on the Mercury dashboard.
65.
Mercury opens bank for startups with funding from Andreessen Horowitz(venturebeat.com)
19 points by immad 7y ago|0 comments
66.
by immad 8y ago
It would be fairly easy to fly and pay a carbon offset to the equivalent of your flight.
67.
by immad 8y ago
I just ban myself from eating anything with high carbs/sugar in the office. I find it easier to have classes of food that are not allowed rather than curtail myself at specific levels or count calories.
68.
by immad 8y ago
Someone might have 20 years of relevant domain experience and no coding experience. Also one can't get to 5 years without doing the 1st year. So I don't really see your point.
69.
by immad 8y ago
It really wouldn't kill you to be nice when giving this feedback.
70.
by immad 8y ago
We (Mercury) are working on a bank for startups. This is my 4th startup and we have $6m in funding based in SF. We are working on a bunch of product features that are startup specific (APIs, integrations etc) as well as a normal checking ac
71.
by immad 8y ago
Mercury | React+Typescript, Haskell or generalist Software Engineer | San Francisco, CA | Full-time | ONSITE Mercury (mercury.co) is building a bank for businesses. We are currently 8 people (6 engineers, 1 designer, 1 BD/Ops) and have
72.
by immad 8y ago
Mercury | Generalist Software Engineer | San Francisco, CA | Full-time | ONSITE Mercury (mercury.co) is building a bank for businesses. We are currently 8 people (6 engineers, 1 designer, 1 BD/Ops) and have raised $6m from a tier A VC
73.
by immad 8y ago
I believe that they are much better than S&P500 index. Returns are very top heavy so as long as you are in some of the top ones they can be really good. SV Angel did Airbnb and FundersClub did Coinbase. But past performance is not an in
74.
by immad 8y ago
SV Angel and FundersClub have deployed an “index fund” strategy on yc batches for a long time. So makes sense that they are high up on the list.
75.
by immad 8y ago
Also the bottom of that list has companies worth 400x less than the top of the list. So you would want to apply another scaling curve for that.
76.
by immad 8y ago
Mercury | React, Typescript, Haskell or Generalist | San Francisco, CA | Full-time | ONSITE Mercury (mercury.co) is building a bank for businesses. We are currently 8 people (6 engineers, 1 designer, 1 BD/Ops) and have raised $6m from
77.
by immad 8y ago
It’s not like if he turned down the acquisition offer he would shut down the company. They could still have done a secondary and stayed independent.
78.
by immad 8y ago
Are you happy about it?
79.
by immad 8y ago
We are working on a new bank and raised a $6m seed round. My email on my HN profile if you are interested in learning more.
80.
by immad 8y ago
Why can't existing energy infrastructure handle the gaps? Does it take too long to boot up a natural gas plant just for the night? Would still make a huge dent to energy needs and the existing infrastructure already in place.
81.
by immad 8y ago
50 weeks?
82.
by immad 8y ago
This is ridiculous. We live in a generally improving world with declining global poverty, declining child mortality, declining war etc etc. There are still tons of problems but I don’t think such a pessimistic outlook is useful to solving t
83.
by immad 8y ago
Mercury | Generalist Engineer | San Francisco, CA | Full-time | ONSITE, REMOTE Mercury is a stealth fin-tech startup. We are currently 8 people (6 engineers, 1 designer, 1 BD/Ops) and have raised $6m from a tier A VC. We are looking to
84.
by immad 8y ago
Ethereum is also a DAPP platform. In theory you could build a decentralized Twitter/Facebook using Ethereum but without 10k+ TPS there is no practical way to get enough users using it.
85.
by immad 9y ago
Elon lives in LA I believe. I haven't seen many people here (in the valley) delete FB recently.
86.
by immad 9y ago
Isn’t this complaint true for any online service that you give bank access to? ACH is reversible so fraud can be reversed generally.
87.
by immad 9y ago
You could use it as a starting point to a proof by induction maybe, but it currently only proves one case of the theorem.
88.
by immad 9y ago
Instead of shutting it down couldn't he put the miner in a faraday cage?
89.
by immad 9y ago
It’s not strict
90.
by immad 9y ago
ICOs are a more recent phenomenon and I don't think the volume of ICOs (though high) can account for the drop over 3 years.

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