mogonzal

4 ms·

1.
by mogonzal 7mo ago
If this point is not getting across, my apologies for not being clearer: this product is for startups and SMBs that don't have the time or resources to host a fractional CFO or a full-time finance team. If you have the time to manage y
2.
by mogonzal 7mo ago
Tons of schlep blindness here for sure. That's the only plausible explanation for why existing treasury products have made it this far I'd say your long-term bets are earning interest... it's just going to the house and not
3.
by mogonzal 7mo ago
No haha they are not exempt. But neither are money market funds, which are currently the most popular choice for startups and SMBs
4.
by mogonzal 7mo ago
The reason for the current framing is that pretty much every founder we have spoken to hears "high yield" and then instantly asks about safety. But like you said, at this spread it isn't risky But yeah, any time you put those
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by mogonzal 7mo ago
That's totally fair. Risk is 100% the right concern to have when you hear about higher yields We have a pretty comprehensive blog post about these assets (floating-rate agency MBS) and why we think they are a much better fit for startu
6.
by mogonzal 7mo ago
Haha just wait until we add a chatbot in the corner of your window that's constantly pinging you to deposit more money Name suggestions are appreciated
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by mogonzal 7mo ago
Lucky for both of us, the value prop isn't just "we are offering better interest rates on the same instruments because we gave up our cut" It's actually "we found a way better set of instruments for long-term cash t
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by mogonzal 7mo ago
Hey Andrew thanks for the feedback We know that the main barrier to switching is just time and ease of use, so we deliberately built this to have the same operational burden as using your current treasury product Palus links straight to you
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by mogonzal 7mo ago
Super fair question haha. I'm gonna flip this question first because I think it perfectly frames the current landscape of startup/SMB treasury products Say you (like many startups) use Mercury Treasury, Rho Treasury, Brex Treasury