

itz
10K posts

@itsitz_
Cyber-Flâneur 👁✨@gringojobs @bitso @CHANEL




.@williamhockey is one of the least visible founders in tech relative to what he has created. He co-founded Plaid and is now building Column, a software company that owns a bank, and powers Ramp, Wise, Bilt, Mercury, and others. He funded it himself by borrowing against nearly everything he had in Plaid shares, and has never raised any outside capital. His story matters because so much of the value in our industry gets created through exactly this kind of extreme personal risk. He is maniacal about being the best in the world at his thing, and has spent his entire career betting on himself and doing whatever it takes to win. He also spends a lot of time outside the US (in places like Kinshasa) which has given him a rare perch on the power of the US dollar. We discuss: - Why emerging markets are often the most financially innovative - What owning 100% of his company allows him to do that VC-backed founders cannot - Getting margin called and nearly going bankrupt - Why the best founders are specialists - What it takes to be the best in the world at your thing - How Silicon Valley's consensus culture produces consensus founders - How the US dollar functions as an instrument of national security Enjoy! Timestamps: 0:00 Intro 9:19 Emerging Markets 14:03 Silicon Valley's Elite Consensus Problem 16:03 Rejecting the VC Hamster Wheel 21:45 Equity and Liquidity 26:03 Funding a Bank 29:45 The Necessity of Extreme Founder Risk 37:18 Finding Leverage 45:20 Longevity and Profitability in Banking 48:46 Matching Your Capital Structure to Your Business 51:44 The Unseen Power of the US Dollar 1:02:30 How AI Will Transform Legacy Banks 1:09:23 The Kindest Thing






If you've wondered why UK has gone insane, I have an answer—mold. Never seen water damage on this scale. It's every building, & it's driving people mad.




🚨🚨🚨Puerto Vallarta -Jalisco- El poder del narco debe impresionar a los turistas, así se ve el Puerto.

You can receive USDC funding in a Stripe Financial Account. Hold and spend in stables or convert to fiat at any time.



Why are folks still wasting time trying to recreate a merchant acceptance network for stablecoins? It should be a foregone conclusion at this point that the killer use case for stablecoins in commerce isn’t at the point of sale; it’s behind-the-scenes settlement, after authorization is captured over card rails. For those pouring good money after bad trying to roll out stablecoin checkout — you simply cannot create a two-sided network without incentivizing all the critical nodes in the current structure to switch. And by the time you find the market-clearing rate that gets everyone bought in, you’ll notice you just reinvented the status quo. You’re fighting immutable behavioral economics by trying to end-run the card networks. The moat has hardly ever been about technology; it’s about standards and governance. Instead, the real opportunity lies in stablecoin-backed cards. Cards have ubiquitous acceptance, while stablecoins are a phenomenal way to store value across borders. The next era of payments will belong to builders who can marry the two, amplifying the daily utility of stablecoin wallets: store value anywhere with stables, spend anywhere with cards.