so glad that all these really and truly concerning vulnerabilities from this week were actually just april fools jokes
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Michael Gonzalez
40 posts
Michael Gonzalez
@MichaelAtPalus
Co-founder @ https://t.co/n8Ob0A0dZK. Helping startups and SMBs optimize their treasury yields.
San Francisco, CA Katılım Mayıs 2025
53 Takip Edilen68 Takipçiler
hey just saw the axios supply chain attack… reminds me of another package that used to be stable (us)
thinking about how i’d still roll us back in a heartbeat… secure or not. what we had was a vulnerability that didn’t need fixing
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you know you’re breaking the system when your competitors watch your demo day pitch from their HQ and email you about it
if you’re a founder and tired of shitty legacy treasury options, come talk to us
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@abustamante @ycombinator @PalusFinance @Sam_Lushtak if we invested in fixed-rate MBS, 1000% agree. but we use floating-rate. fundamentally different. more info: palus.finance/info/safety
re: liquidity risk, this is meant for long-term reserves and not for day-to-day operational cash. super up front about this on our page!
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@MichaelAtPalus @ycombinator @PalusFinance @Sam_Lushtak The extra 1-1.5% yield is simply not enough to justify MBS carry prepayment, convexity, and liquidity risk.
That’s normal for fixed income portfolios, but it’s not obvious that company operating cash should be taking those risks just to pick up a point of yield
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Michael Gonzalez retweetledi
Palus (@PalusFinance) provides better yields on idle cash for startups and SMBs, typically beating existing treasury services by 1–1.5% per year.
Congrats on the launch, @Sam_Lushtak and @MichaelAtPalus!
ycombinator.com/launches/PfC-p…
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@abustamante @ycombinator @PalusFinance @Sam_Lushtak it’d be a pretty short movie once the protagonists find out there are no subprime home loans involved
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@ycombinator @PalusFinance @Sam_Lushtak @MichaelAtPalus The Big Short 2: Escape from San Francisco Bay
GIF
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@MichaelAtPalus @mil000 I guess my question is, why don't legacy financial institutions offer similar rates to commercial companies? Like, they have access to the same AAA rated MBS products, and they'd have an advantage with economy of scale. Is it just laziness on their part?
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Holy shit they are trying to put startup money into mortgage backed securities. We learned our lesson on this as a nation. For the love of god let’s please not do that again.
Y Combinator@ycombinator
Palus (@PalusFinance) provides better yields on idle cash for startups and SMBs, typically beating existing treasury services by 1–1.5% per year. Congrats on the launch, @Sam_Lushtak and @MichaelAtPalus! ycombinator.com/launches/PfC-p…
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@phillymike223 @SahilExec @ycombinator @PalusFinance @Sam_Lushtak our management partner runs the largest floating-rate agency MBS fund in the country! this is no joke
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@MichaelAtPalus @SahilExec @ycombinator @PalusFinance @Sam_Lushtak So it’s not managed then, great lmao
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@mil000 agency MBS are mathematically orders of magnitude safer and guaranteed by the federal government!
also you’d be surprised what risks your bank takes on right under your nose… take a look at the fund rho treasury uses and what it did in ~2022
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@MichaelAtPalus I just dont get why I would risk it all for that. I'd rather just let my bank do it.
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@Duderichy just clarifying that we explicitly lay out the tradeoff of our product, which is exactly illiquidity (we are not same-day like a typical money market fund)
check out the comparison on our front page
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anytime someone promises you to beat treasuries, you’re taking on additional risk
if they’re not being honest with you about it, they’re scamming you
Y Combinator@ycombinator
Palus (@PalusFinance) provides better yields on idle cash for startups and SMBs, typically beating existing treasury services by 1–1.5% per year. Congrats on the launch, @Sam_Lushtak and @MichaelAtPalus! ycombinator.com/launches/PfC-p…
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@anatelorenzen @ycombinator @PalusFinance @Sam_Lushtak because four leaf clovers represent luck, and we are quite the opposite! a strategy :)
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@4n1rudh4 @ycombinator @PalusFinance @Sam_Lushtak not at all! we actually specifically address this in one of our blog posts: palus.finance/info/safety
tl;dr we use agency MBS which is *very* different than the private-label MBS that blew up back then
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We learned this lesson. Was 2009 so long ago that everyone forgot?
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@mil000 not doing that at all! private-label MBS is what blew up in ‘08, whereas we only use agency MBS (MUCH stricter underwriting standards)
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ZeroSettle (@ZeroSettle) is building a drop-in direct billing SDK for in-app purchases.
It takes 15 minutes to integrate instantly unlocks zero App Store fees, higher retention, and instant payouts.
Congrats on the launch, @gaberoeloffs & @relliott3131!
ycombinator.com/launches/PeV-z…
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Payna (@payna_co) gets companies licensed across MTL, lending, insurance, digital assets, and more in all 50 states. They're already live with companies operating on tens of millions of dollars each month.
Congrats on the launch, @Boewu_ & @7_hesong!
ycombinator.com/launches/PfJ-p…
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@Robocorpco @ycombinator @PalusFinance @Sam_Lushtak yield optimization isn’t top of mind… until you’re all out of cash. why not spend 5 minutes to buy your company weeks of extra runway?
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@ycombinator @PalusFinance @Sam_Lushtak @MichaelAtPalus cash management becoming product category again
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@SahilExec @ycombinator @PalusFinance @Sam_Lushtak floating-rate agency MBS! if you want to learn more here’s a deep dive: palus.finance/info/safety
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@ycombinator @PalusFinance @Sam_Lushtak @MichaelAtPalus Beating treasury services by 1-1.5% is huge, how does Palus manage the risk?
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so excited to kick off this launch. if you’re a startup or small to midsize business owner, this one’s for you
Y Combinator@ycombinator
Palus (@PalusFinance) provides better yields on idle cash for startups and SMBs, typically beating existing treasury services by 1–1.5% per year. Congrats on the launch, @Sam_Lushtak and @MichaelAtPalus! ycombinator.com/launches/PfC-p…
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