Jon Wu

I would estimate as a business that it costs me an additional 2% to accept stablecoins over simple wire / ACH. For customers with stablecoin balances it's almost always easier to *send* stables: - instant test txn - instant settlement - "flight tracking" via block explorer - close to 0 fees But as a receiver, there's a much higher operating burden. Here's the workflow for accepting wires: - send invoice to customer via Quickbooks, including wire instructions in PDF - confirm wire instructions over phone (best practice, but in reality I don't do it) - customer wires; wait 1-3 days - funds hit Mercury account and are spendable immediately - Quickbooks invoice automatically confirmed paid, AR report updated And here's the stablecoin workflow: - send invoice to customer via Quickbooks - send receiving address instructions - confirm network and request test transaction - confirm test transaction, request full send - receive $USDC transaction to Coinbase - remit funds to Mercury; wait 1-3 days ("instant" withdrawal costs $100-200) - manually close Quickbooks invoice as paid - manually update AR report - manually tag transaction with customer name (otherwise all transactions are simply from Coinbase) - and all of this has to be done immediately, otherwise it gets mixed into one big Coinbase balance and it becomes impossible to untangle EOY So: - stablecoins practically take the same amount of time (1-3 days) - they require 4-5 extra manual touchpoints - they don't automatically reconcile, so someone with less context on the business would have to follow a paper trail vs. simply looking at Quickbooks I'd guess this overhead is +2% friction over traditional rails, mostly in operating labor and owner mental overhead. The way this has to improve is via a stablecoin-native neobank (of which there are many starting right now). That neobank has to be at feature parity at Mercury in order for me to switch--a tall order given Mercury is (in my opinion) a best-in-class financial front-end. I'm beyond pleased with my experience with Mercury and the product geniuses there seem to anticipate every need I have while proactively designing the interface to intercept and eliminate friction. I'm rooting for a provider built on stablecoin payment rails that can actually take advantage of the speed and transparency of stablecoins while also meeting all the boring reconciliation and accounting needs of a business.

"i just have really high standards" is incredible cope dating, starting a company, making art, whatever the domain you're afraid of what other people think of you that's ok, it's hard to escape social expectations but know the standards aren't yours, they're someone else's

@ElaPassarelli had me in the first half ngl it was amazing to work together! you built something very special over the last few years, rooting for you always!

i've had a lot of people messaging me about why i'm suddenly leaving SheFi i normally don't do this, but i feel like i owe it to myself to share my side of the story and not to be dramatic but honestly alix earle and alex cooper's fight pales in comparison to what just happened between me and @maggielove_ just kidding lol 🙈 but, for real, after almost 2 years being chief of staff at @shefiorg, i'm both sad and excited to announce last week was my last when i started at SheFi, i had really only done creative freelance work to fund a year and a half traveling around the world. i came back to New York eager but slightly lost, not sure who would take a chance on me. i couldn't be more grateful for @maggielove_ (and @DeanKD_ @jonwu_ who interviewed me!!) for being those people while at SheFi, i definitely learned, grew, and made mistakes. but i also: -spearheaded growing the community from 12k to over 30k members -worked on 1M+ in partnership deals with incredible partner teams -ran 500+ person summits in Bangkok, Denver, and Buenos Aires -hosted our first creator event -hosted our first curated dinners in Buenos Aires and New York -launched our first membership club (well, soon 👀) -learned OpenClaw, built AI bots and automated operations -learned how to interview and brought on the wonderful @BU___UB -and, of course, met the most amazing women around the world but, i recently moved to London; i only know a few people in the city, and i'm a very social person! SheFi is all remote, and the past few months i've found myself struggling with the isolation, the time difference, and trying to build a life here. in a role as intense as CoS, you have to be all in - and i knew i couldn't contribute my best at SheFi anymore while i'm sad to leave, i'm excited to watch @shefiorg grow and continue their amazing work. i'm so thankful for such an incredible introduction to the world of startups, tech, and crypto, and for the experiences and people along the way so, i have a lot of people asking me what's next, and honestly, i don't know! my passion has always been traveling, so the next 5 weeks i'm off to remote Indonesia, South Korea, and Mongolia. i'll be making some content about it on my instagram instagram.com/ela.travels, so feel free to give it a follow! i'll be looking for my next opportunity in july, so feel free to tg or dm me if you're interested in chatting and have an office (and awesome team) in London that's all for now. thanks to everyone who has made this journey incredible! ❤️

Starting to think the best crypto founders going forward will be the ones who know the least about crypto. They'll see the category with fresh eyes through all the enabling infrastructure and abstractions that have already been built, unburdened by what has been, etc.

@jakemor awesome role

Im looking for a chief of staff to sit next to me in NYC. If you're interested please DM me why you're a good fit. if you... → know the app market well → are a previous/current founder → have side projects/know how to build → want to help us launch new lines of business Please reach out!

@DianaChimes @0xPolygon congrats!!

some news: I'm stepping into the VP of Marketing role at @0xPolygon to lead our marketing team. 4 years in and we're just getting started. let's goooooo.

@CharleyMa @PathlightVC sick offering

Launching something I wish existed when I was figuring out GTM at Plaid, Ramp, and Alloy! @PathlightVC GTM Scale-Up Program: 6 weeks in the summer, in-person in NYC, 100% free and equity-free. Speakers from Clay, Ramp, Apollo, ElevenLabs, Rippling and more + 1:1 office hours

@cynthiamcgillis Tracking this thread

How are y'all handling company-wide skills? Putting them in a repo? Does that work for Cowork and less technical teams? I feel like there has to be a better way to organize these.

The main benefit of your product should be explainable in one sentence or phrase. How is it different and why should I buy it? ONE sentence or phrase, folks. Apple did an excellent job of this with the iPod. Instead of using the usual industry jargon with GB, bandwidth, and so forth, they simply said, “1,000 songs in your pocket.” Done deal. Keep it simple and do not move ahead with a product until you can do this without confusing people.

@ettinger beautiful launch

Grocery accounts for 4.8% of GDP (!!) and runs on tech from the Reagan administration. Vori is the OS for the supermarket — checkout, payments, pricing, ordering, inventory, loyalty. Powering stores with the tools to run autonomously & profitably.

@charcoded @0xNairolf k

@jonwu_ @0xNairolf that’s not even close to the same thing dawg

random idea: connect your broker tokenize your stocks borrow against them in DeFi all in one click pretty banger

spending time at consensus not just with founders but vendors and if buying behavior is any indication, this was the shortest bear market of all time clients left en masse in dec to go heads down but they're all back and hungrier than ever to grow now

@0xNairolf It's exactly what you described Pledged asset / margin accounts are only offered to a small # of investors Instead, BYO equities, commit them to a custodial account, get credit instantly There's a lot of integration plumbing that needs to happen but it's coming

@jonwu_ shill me

Massive gap in the market for a series that highlights the different approaches to solving the problems everyone is tackling right now: - consumer super-apps - business banking - remittances - tokenization - on/offramping One vertical per season, 3-5 companies each.

Forgot how fun it is to get together with your weird optimist friends and convince institutions to adopt your derived from first principles alien financial technology.

@puntium Yah i think building these flows exposes who’s actually good at organization / documentation and who has investment mindset vs firefighting mindset re managing org

One thing is becoming obvious as I try to build out AI-powered flows for Electric. A big reason why agents are good at coding is because coding has good tools. Code is organized, queryable, diffable, testable, verifiable. The industry has spent 50 years building these tools. Data from other domains are not nearly as nice. At best you have a CRM which still has a bunch of raw documents and screenshots loaded into it. At worst you have a pile of PDFs and word docs and undocumented tribal knowledge. A bunch of the work I'm doing is not on the model or even the harness. I'm just creating structures to organize data so that models can interact with it in token-efficient ways. It's often the case that if you just organize the data with a coding aesthetic, the models can do a whole lot with it already.

In Miami with the whole fam for Consensus. If you're a founder building in institutional crypto -- RWAs, tokenization, yield -- let's hang and jam on how to bridge your story to allocators + issuers. Old friends in town, would love to see you. DM me!

@brxckinridge 🚀

We've raised an additional $1 billion to back the companies shaping the future of money, assets, and markets!

@brandon @meow lfg

April was a record month at @Meow with a big number. We crossed $2 billion in annualized stablecoin payment volume. In addition: — All time high ARR — Applications up 50% MoM — Tracking for millions in profit while hiring faster than ever We laid the foundation, now we grow.

@katie_haun Congrats team!! Very exciting time

Today we’re announcing $1 billion in new funds to back the bold founders shaping the next era of finance and technology. I’ve been following the flow of assets my entire career and have never seen a more dynamic time. Financial infrastructure is being rebuilt from the ground up, new assets and markets are emerging, and an agentic economy is developing as AI agents begin to transact on behalf of humans. These areas, among others, are what will define the coming years as we deploy these new funds. We’re excited for what’s ahead, and wrote about our thesis in the post below.