tomblomfield

8 ms·

31.
by tomblomfield 9y ago
TL;DR it is not fair to take the per-share valuation at the last round of funding and apply it to all stock if the newly issued stock has preferential rights. 10 apples are worth $100. 90 oranges are not therefore worth $900.
32.
by tomblomfield 9y ago
"the 'damages' of breaking the contract is equal to the 'consideration' of fulfilling the contract" This is categorically incorrect. Damages for breach of contract are supposed to put you back in the position
33.
by tomblomfield 10y ago
I think the swing in VC herd-mentality happened about 18-36 months ago. There was a palpable shift from "prioritise growth above all else" to "let's think about about unit economics".
34.
by tomblomfield 10y ago
The 11:FS podcast is pretty good for London fintech. I'm heading over to record an episode this afternoon! http://11fs.co.uk/fintech-insider/
35.
by tomblomfield 10y ago
People said this about Amazon for 20 years http://www.ibtimes.com/amazon-nearly-20-years-business-it-st... And for 8 years about Facebook http://www.theinquirer.net/inquirer/news/2219503/faceb
36.
by tomblomfield 10y ago
It's not "free", it's just much harder to measure. The cost is reduced development velocity, and perhaps reduced systems stability.
37.
by tomblomfield 10y ago
Simply using software effectively could save banks billions a year. Not paying money to Accenture could also save billions.
38.
Podcast – Rethinking Banking with Monzo(londonfintechpodcast.com)
1 points by tomblomfield 10y ago|0 comments
39.
by tomblomfield 10y ago
I've definitely met VCs who use this kind of mental model. I'd add a couple more: Technology Risk. Does what you're building require advances in technology that don't yet exist? Regulatory or Legal Risk. Do you need spec
40.
by tomblomfield 10y ago
Who were the two you liked? We're looking at various PCI stuff at the moment.
41.
by tomblomfield 10y ago
I'd be interested to know how "Investor Day" went. Any YC founders from this batch want to give their perspective?
42.
by tomblomfield 10y ago
I'm surprised that no-one has suggested getting a VP Eng alongside you. http://avc.com/2011/10/vp-engineering-vs-cto/
43.
by tomblomfield 10y ago
Citation needed. I know a dozen companies who spend significant ($1m+) a year on Google or Facebook ads and performance is tracked obsessively.
44.
by tomblomfield 11y ago
Mondo Bank - London, UK - Android Engineer (Onsite, Permanent and Contract) We’re a small team working to create the best bank account in the world. We're obsessed with making our customers’ lives easier by giving them a simple realtim
45.
by tomblomfield 11y ago
Congratulations to the Holvi team. Johan, the CEO, is one of the nicest guys in the industry.
46.
by tomblomfield 11y ago
Someone just posted a write-up https://medium.com/@johnwmidgley/going-fullmondo-8a536bc758a...
47.
by tomblomfield 11y ago
[I work at Mondo!] Investment will be at the same valuation as our VC investor - £24m pre-money. We'll be releasing details of terms & share-class next week before the investment goes live. There are a few regulatory questions we n
48.
by tomblomfield 11y ago
Yes - I was confused about this as well. I would guess that YC's traditioanl initial 7% equity stake would typically be diluted to around 3-5% by the time a company sells or IPOs. So 1.5% of sale/IPO is clearly less than that, but
49.
by tomblomfield 11y ago
There was an early typo - fixed now.
50.
by tomblomfield 11y ago
Funding Circle has raised a total of $300m since 2010
51.
When to join a startup(tomblomfield.com)
338 points by tomblomfield 11y ago|113 comments
52.
Five Unbreakable Rules for Startups(tomblomfield.com)
4 points by tomblomfield 11y ago|0 comments
53.
by tomblomfield 11y ago
There are opportunities that are lost with a 48hr payment vs something that notifies/authorises in "real-time" (even if the actual settlement only happens later). In particular, if you don't capture geolocation data with
54.
by tomblomfield 11y ago
Awesome - love this project :-) You can also see some of the other projects are listed here https://getmondo.co.uk/blog/2015/11/22/mondohack/
55.
by tomblomfield 11y ago
You're looking for "litotes" https://en.wikipedia.org/wiki/Litotes
56.
Getting shit done(tomblomfield.com)
9 points by tomblomfield 11y ago|0 comments
57.
by tomblomfield 11y ago
The bill will not say unbreakable encryption is illegal. I've heard from sources inside the government that their intention is to maintain the legal status-quo dating from RIPA 2000. Which is to say that service providers have to dis
58.
The first Mondo Hackathon(getmondo.co.uk)
1 points by tomblomfield 11y ago|0 comments
59.
by tomblomfield 11y ago
As a weekend project, some colleagues and I built a computer-vision pool-ball tracker a few years back. https://gocardless.com/blog/hacking-on-side-projects-the-poo... Would be awesome to use a high-framerate camera fo
60.
by tomblomfield 11y ago
Mondo | Onsite: London | https://getmondo.co.uk Mondo is building an iPhone-based retail bank for the internet generation. Signup in 30 seconds, API access to your data. We're looking for an iOS Developer and a visual desig

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