The payments market is going to massively expand over the next decade because: 1. ANYONE can now build anything digital — AI code creation means exponentially more digital SKUs that can be created and, of course, paid for. We are in the very early innings here. The gating item is just human...
Yesterday’s New York Times humanizes the plight of victims of banking algorithm punishment in the world’s largest economy. [read: Why Banks Are Suddenly Closing Down Customer Accounts] I, and probably many readers of this blog, have experienced our own frustrating incidents of unexpectedly frozen...
A happy engaged couple in their 20s before they figure out how to integrate their finances… (July 2001) Living a healthy financial life is far more difficult than most people believe. For most of us, our education in personal finance is relatively limited. We learn some from our parents and our...
This blog post was also published on Daffy.org Steve Jobs famously talked about connecting the dots of your life in his now well-known commencement speech in 2005. There’s something incredibly insightful and at the same time humbling about that framing as a founder when you look at the...
One of the reasons that I am so passionate about entrepreneurship is because of my belief that companies can be highly effective agents of change. This isn’t just a feature of technology companies built in Silicon Valley. Vanguard is an inspiring example, headquartered in Malvern, PA. They are...
Like many people, for most of my career, I never set an explicit goal for giving to charity. While I was raised to believe that everyone should put something aside for those less fortunate than themselves, in practice, I mostly gave only when I was asked. Sometimes it was a friend running a...
In 2020, I set off to build a new company. At the time, I never would have imagined that we’d end up building one during the largest pandemic in a century. Lao Tzu said that a journey of a thousand miles begins with a single step, and I count myself fortunate to have made the best first step...
When I first joined Greylock at the end of 2011, Fintech wasn’t even a word that was commonly used in the venture capital community. Less than a decade later, however, Fintech has become almost ubiquitous. The category has not only proven that it can generate real revenues and scale, but also that...