faisalkhalid80

Very very sorry to hear this. I spoke to him twice and exchanged a few WhatsApp messages with him in August. I was in the S20 batch and he was interested in angel investing in my startup.

He told me about how his life had changed with his recent baby. We discovered that my brother and his wife had worked at the same law firm. He was a genuinely nice guy.

Very sad to see this news.

Hello. That was a different product...

Hi! Founder here. Yes we’re in the process.

www.getbits.app

yes, and no (cash back).

You're right, I should do the math on trxn costs in my next update - the main ones are stamp duty on purchase and broker fees on sale. The minor ones are moving costs and legal fees on buying and selling. Capex I'll have to ignore because I have no data on this.

Still, if you assume the broker got paid say 1.5%-2.0%, the stamp duty was 3.5-4.0%, there's still a sizeable margin in between.