pristine

Robinhood lists crypto tokens too

I dont remember the last time I wrote genuine thought-provoking code

@victorcardenas @slashapp cook.

Slash, @slashapp, just crossed $150M in annualized revenue profitably. We went from $2M -> $150M in 24 months making us the fastest-growing business banking* platform of all time. 700 word post on 4 guiding principles that got us here. This cost us >$10M dollars to learn... (Bookmark this) I'll cover: • Picking the right market (where 99% of founders go wrong) • Why revenue is the ONLY business metric that matters • Why market saturation is fake • What every founder does day to day that they shouldn't 1. Attack “small” markets: Startup founders - myself included - gravitate towards working on companies that have huge upside. Here's the problem: it’s difficult to find aggressive product-market fit / build a differentiated product if you don’t sell ONE offer to ONE person. I'll repeat: one offer, to one person Examples: • PayPal didn't start by trying to own 70% of online payments they started with payment processing just for eBay merchants. • Uber started as black cars for rich SF people. Ask yourself, what am I selling and to who? If you're selling more than one thing to more than one person, in the beginning, you're not niche enough. Slash started by building a better credit card for SNEAKER RESELLERS. Ridiculously niche. And that tiny wedge alone got us to $5M ARR in 11 months. Once you dominate the niche, you earn the right (and the cash) to expand outward. We STILL go after “small” verticals because our competitors are too arrogant to do it. We walk in and own them. 2. Revenue is the only metric that matters. Everything else is cope. If your revenue isn't growing, nothing else matters. Revenue gives you two things: A) Money to redeploy. (Obvious.) B) Momentum. A team that’s winning wants to work harder. A team that’s losing checks out. To become a unicorn, you have to outwork everyone else. To outwork everyone else, you need morale. To get morale, you need wins. To get wins, you need revenue. Everything ladders back to one thing: Sell more, sooner. Drive sales and demand → everything else falls into place. 3. “Market saturation” is fake. When starting Slash, everyone told us we'd never be successful because Ramp, Brex, and Mercury were already worth > $10bn. The reality is that fintech is only 5% penetrated. 95% of business deposits and corporate card spend still runs through the legacy banks. Many markets are similar to B2B fintech. They can “feel” settled because there is a sexy startup that everyone’s heard about, but dinosaurs have all the rev share. There's always a way to find your wedge. 4. 99% of founders do the wrong thing at the wrong time When you start your role as the founder is to do EVERYTHING. And you should outsource nothing. Example: If you run an ecom business you should write film and edit EVERY single script. If you're a CTO you should write every line of code. Biggest 🚩in an early stage founder is someone who says they need to "outsource to an expert". No. You ARE the expert or you become one. Founders who outsource early are lazy. When you grow this needs to change rapidly. >10M ARR you need to SHIFT fast. Your role as the founder should be to bring in people competent enough to deliver on all of your initiatives. There is simply too much to do and it won’t be possible for you to brute force your way out of every problem. We're winning because 65% of our team is on the spectrum. We have savant engineers who this year alone have, shipped treasury, Stablecoin Payments, check deposits, SWIFT, Global USD, accounting automations, a completely new interface, and more. We have a world-class GTM and ops team. Because of it, we blow our competitors out of the water when it comes to revenue / employee, payment volume / employee, and other efficiency metrics. -------- If you have read this far, thank you. I got told countless times Slash would never be anything. We want Slash to be the first trillion dollar fintech company in the world. At our current growth rate we'll hit 1 billion dollars in revenue run rate in 18 months and 100 billion in 7 years. We’re giving it our all to accelerate our growth rate and hit these metrics even faster.

@slashapp @z54deng W jimmy post

At 19, our founding engineer @z54deng dropped out of Waterloo to join Slash. 4 years later, he’s still with us helping us build the future of business banking. This is a day in his life:

Some people hit it young and make stupid money. Then they burn out, fuck off to travel, and think they’ll waltz back in and do it all over again. Most don’t. I’ve seen it a hundred times. Guys pulling 5 or 10 mill a year for a year or 2, spending it just as fast, then whatever they were doing stops working. They can’t recreate it so they vanish. When you’re young, you think money is a faucet you can turn back on anytime. You blow it like an idiot because you’ve never felt how hard it is to get. When you’re older and you’ve slogged through enough bullshit, you finally understand. You make real money and think, yeah, I’m going to enjoy this, but I’m not going to be stupid. You know what it took to get to this point, why bother risking it just to flex for people you don’t even like?

@idnimeok Once colonized always colonized

@idnimeok Colonized

@jasondev0 @victorcardenas @base maybe after my internship and graduation 😗

@pristine1862 @victorcardenas @base come back bro

We raised $60M for this moment: Introducing Slash Global USD (in partnership w/ @base). It's the first banking platform that lets you open a USD account without an LLC, EIN, or the rampant account closures they call "account safety". It took major legislative changes AND 3 years to pull this off. Here's what makes it so different: 1. Banking without an LLC. Before Slash: You needed a LLC, $1K in fees, a virtual address, and a U.S. tax ID. With Slash you get a real U.S. account & routing number in ~10 minutes with your foreign documents. 2. No more hefty fees. PayPal charges a 3-4% conversion fee. We let you receive USD and crypto (USDC) with NO fees. Not enough? We pay you up to 4.5% cash rewards just for holding your money with us. 3. Account freezes. The big guys love flagging success as “fraud”. We're built for fast moving founders. We'll never wrongfully freeze your funds. I'm putting my money where my mouth is: If we do, I'll wire $10K to a charity of your choice. ------------------------------ In 2021, I dropped out of the number 1 school in America as a Venezuelan immigrant to build Slash. I pivoted the business 2x before getting our first customer. Today: - 3,000 businesses use @slashapp - We bought the domain Slash . com for $1M - $4B is spent on our credit cards every year And we just raised $41M from the people who built fintech: @MenloVentures @NEA @ycombinator @goodwatercap -------------------------------- To celebrate this launch, we're giving away our internal AI finance Agent free. It watches your bank accounts 24/7. Flags double charges. Cancels forgotten subscriptions. It saved us $39,000 last month. You don’t need a Slash account. It works with any bank. Retweet + comment “Slash” and I’ll send you a free access link.

@idnimeok Spill

@victorcardenas @santiaghini how did you get this definition wtf

Sneaker Twitter noun Sneak·er Twit·ter \ ˈsnē-kər ˈtwi-tər \ Definition of Sneaker Twitter 1.A loosely connected subculture on Twitter consisting primarily of self-taught developers, automation enthusiasts, and entrepreneurial resellers who build and operate bots to purchase limited-edition sneakers at scale—typically for the purpose of resale rather than personal use. 2.A digital arms race where software engineers compete to outpace retailer anti-bot measures in order to secure inventory from high-demand sneaker drops (e.g., Yeezys, Off-Whites, Jordans), often reselling at steep markups within minutes of release. — Not to be confused with: actual sneakerheads, who buy sneakers to collect, admire, or wear them. Example sentence: “He doesn’t even wear Jordans—he’s just part of Sneaker Twitter, running five bots deep on Shopify drops every Saturday.” Origin: Early 2010s; rose to prominence during the boom of hype-driven streetwear culture and the parallel emergence of sneaker resale as a digital gold rush.

what is sneaker twitter and why is it suddenly all over my feed? cc @victorcardenas

@i7solar @GeckoSquadron Yea i upgraded last yr

@pristine1862 @GeckoSquadron wait u got a g80?!

@i7solar @GeckoSquadron If you’re skinny the buckets are fine but IMO buckets are more aesthetically pleasing than useful cuz the bolstering is fine for the reg seats and keeps me in place when I do spirited driving

@GeckoSquadron @pristine1862 i would do 10k a year in the buckets, kinda insane of me though

@z54deng @jasondev0 yall got that shit on

With fav (and only) gym partner @jasondev0 td at the slash party

@victorcardenas Can I have a million dollars

Made an impulse purchase

@slashapp COOOOK!!

We just raised $41M at a $370M valuation to kill the one-size-fits-all business bank. Slash is rebuilding banking, one industry at a time — tailor-made for affiliates, crypto companies, contractors, and more. We’re just getting started.

@slashapp @jasondev0 jason dev

At 13, @jasondev0 built Wrath, a sneaker bot that made him millions. Now, he’s helping us build the future of banking at Slash. This is what a day in his life looks like.

@unreleased you might be the goat

👀

Ticketmaster's Queue Portal 👀👀

this + curry no calls is ridiculous @NBA