Absolute Unit

Now with Treasury, someone starting up a new Internet business can simply start selling goods, services, or yes, subscriptions, and have their banking needs met by the same software which is powering their business.

- Integrated payments and lending are unlocking new business models for software companies and vastly improving the user experience.

It has positive and improving unit economics.

This new way of winning distribution is quite different from the old way. Yes it’s also capital intensive, but you’re not buying real estate. You have low fixed costs, and variable costs that scale with usage (vs. real estate servicing that you pay regardless of use). And where branch-banking might have had winner-take-all dynamic regionally, there... See more

Based on the fact that most founders are builders, not CFOs, it’s a fair assumption that most founders aren’t naturally skilled capital allocators and so aren’t aware of all of the alternative methods large companies utilize to finance their businesses. What I see happening in B2B fintech is a sort of ‘consumerization’ of these previously unknown a... See more

There should be a better way to finance recurring revenue businesses.