One Piece Episode 477
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One Piece Episode 477
In this episode, Mike Townsend interviews Eric Shoykhet, Founder of Link Financial Technologies and Atom Finance, venture-backed software companies that collectively have raised $100mm. Previously, he was an investor at Governors Lane, an event-driven hedge fund. At Governors Lane, Eric worked on investments across a variety of sectors including industrials, financials, technology, and consumer staples. Prior to this, he worked in the Restructuring and Reorganization group at Blackstone. Eric graduated from the Huntsman Program in International Studies and Business at the University of Pennsylvania with degrees from both the Wharton School and the College of Arts and Sciences.
That's not an accident. Right. Then you added Covid, which there was a fundamental piece to this. So the fundamental piece to this was effectively, you know, post covid e-commerce went from, you know, 10% to, or 12% to at one point, I think in the low twenties, 22% call it, and the market and VCs and everyone basically concluded that all Covid did was pull.
you know, the market may not be willing to ascribe value to certain pieces of that business or think about the business in a certain way, that if you have a a bit longer of a time horizon, you can. And that's how Buffet in a lot of ways made a lot of his money, right He's taking a longer time perspective on some of these businesses.
It's really about these other facets of, of being able to, you know, have a different or longer term perspective than the. Which I don't think ai, you know, again, AI can maybe make that recommendation mm-hmm. , right. But the human has to actually act on it. Right Yeah. So at the end of the day, that's the, the key piece of the puzzle is, is, is really that it,
We obviously have ach, ACH does not settle realtime. It's a huge issue for doing something like this. Europe obviously has realtime payments, so does markets like Brazil and India. So there's the technology infrastructure piece, which we had to kind of get through and was not possible three or four years ago, is possible now, but is really, really challenging.
You have a still, not a, a crazy amount. There's a few that are large and successful, but it, it's more competitive since number, you know, that, that was the other point. And then the last piece is, yeah, the, I. So no one really has an incentive to push this in the United States. No one's on the side of the merchant and is aligned with them fundamentally in terms of saving them money.
The other piece is the value prop of the product is so clear. Like every time we, you know, 90 plus percent of merchants we get intro to, they wanna have a conversation with us cuz we say, Hey. Are you interested in saving 80% on your payment cost of payment processing And they usually say, that sounds interesting.
This is the opening of the 1931 Universal film Frankenstein, and since Dark Shadows is just beginning its own version of the story, it seems like an appropriate time to let this guy in and have him say his piece.
Welcome to Song Encoder, a special series of The Changelog podcast featuring people who create at the intersection of software and music. This episode features Pwnie Award-winning songwriter Forrest Brazeal.
Reading research studies can be confusing unless you have an understanding of certain terms and equations. In fact, some studies are even purposely complex and misleading. On this episode of The Model Health Show, Dr. Ronald Brown is here to share his recent work on reporting bias in COVID-19 vaccine clinical trials.
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