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Embedded Lending
-Compound, for example, is a lending protocol built on ETH with $10b+ of crypto available for borrowing. The creators could go away tomorrow and the code will still run.
Chris Dixon • The Potential of Blockchain Technology
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
Tim Ferriss • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
Why can’t a traditional bank do this themselves? 1) They don’t understand how to underwrite using tech industry metrics (ACVs, churn, LTV, engagement, et al.), and 2) they don’t have the tech DNA to underwrite programmatically, which Sand Hill Sachs will have. This may be a new company, an existing fintech player with distribution in tech, a VC fir... See more
John Luttig • When Tailwinds Vanish
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).