tommynicholas

2x liquidation is not standard anymore - 1x is far more likely. This was an "up" acquisition too so it's possible they exceeded 2x for most if not all investors.

It's not a down acquisition

Zelle and Wepay have nothing in common - you may be remembering Wepay's old business.

Sources say it's north of a $220m acquisition - I mean I know that's not a home run but I'm also pretty certain it's not a nothing outcome at all.

These kinds of transfers point out two things to me:

- (obvious) the ridiculousness of wealth accumulation. This is over-discussed so I won't further that discussion.

- The critical need for better philanthropy. Philanthropy is by and large ineffective. I belive this is because it either isn't taken seriously (pet projects) or generally has no feedback loop or accountability. The best philanthropic organizations by impact are probably research universities, organizations not designed to be philanthropic. That sucks!

I think for all the shit YC gets, this area may ultimately be where they make they make real social progress. YC Research is interesting, but organizations like Watsi and New Story are REALLY game-changing to me. They showed me a model that really works, and I not only give to them regularly but also other organizations I could find with a similarly direct impact (Brooklyn Bail Fund is my favorite).

I think scaling real, accountable impact is a task my generation (I'm 29) is really, really up for. I think we can do it. There will be a lot of shitty, terrible attempts it but I don't think the attempts will stop and I expect it to yield results. I hope that's part of our legacy as a generation.

If you think you could actually sell for $12m-$14m do it and don't look back, even if you get to the $400m sale you may not even make that much personally.

But be wary - companies are bought not sold. If you're below $1m in ARR, those approaches you think you're getting at tenuous and possibly totally fake. It may not feel that way to you or even to them, but acquisition are HARD without a revenue number to calculate price on or a really motivated CEO.

Every headline from Techcrunch disrupt that I have seen has been directly contradicted in some way in the video. For example, Vitalik Buterin spends about 10% of his talk explaining why not everything will be or should be decentralized. The title of his video? "Decentralize Everything with Vitalik Buterin"

Equifax makes their partners have a fully implemented and tested patch management program and audits annually (or via a third party) that you stick to it, making this situation even more hilarious.

I could be extremely wrong about this, but I doubt they've spent the majority of that money. I think they're likely to be giving it back to avoid shareholder unpleasantness and seeking a buyer to try to neutralize the overall outcome. They raised $98m of the money in the last 18 months, I would bet 2/3rds of that is still there if not more.

I think there are just certain scenarios it may not support, like at one point writing queries in the editor for JSONB fields in Postgres was either hard or impossible, things like that. But generally it's pretty great and ready to be used IMO.

It's great and IMO pretty damn mature. They use it widely in prod at Airbnb so the only ways in which it's not "mature" are in customizability.