Thoroughly enjoyed the writing style and the process of solving the mystery withdrawal, even though the outcome wasn’t what I expected. Consumed through an email client so the AI image didn’t bother me either.
Thanks! Just did. I didn't think of it the first time given they escalated me to someone who then asked me to verify the information I had just told them over email. Maybe this will get their attention.
+1 to Mercury. And from the what I’ve seen from other founders / CEO using you all, I’m not alone!
Incredibly easy setup, great UI/UX and no nickeling and diming with fees of any kind. Makes me wonder what are your unit economics like as you obviously will be making losses from the very smallest of customers?
Almost certainly more than 100% bigger in two to four years, if Gartber predicts 50% growth for 2022-2021 alone. And many project more.
What’s more, the growth will likely pick up each year as more and better EVs become available, and more people start considering them as a real alternative.
You might want to look into tools like Wingspan to save up some time with the 1099s. Even Gusto's contractor plan might work depending on your use-case.
How does someone fall into a rabbit hole of such hot garbage?
From the outside, you'd think that a successful tech founder would have some qualities that help them to avoid falling for such blatant misinformation. He would have needed to research the market, competition and investors, but apparently the same rigor didn't need to apply here.
At the very least, you'd think he would have been smart enough to keep his opinions to himself. Like, he starts with email saying that the recipients "will think I’m crazy after reading it", and still decides to hit the send button.
I too find his explanation on each click soothing.
Except when he got challenged to open a “difficult” bike lock in under 2 minutes by another locksmith he was dead silent the entire time and opened it in like 20 seconds.
If anything, based on these numbers the email increased their sales. I highly doubt there’s an actual causation, but personally speaking having a CEO take a stance I agree with would have made me check out their product.
I was surprised to see Expensify's revenue growth was only 8% YoY from 2019 to 2020. For comparison, Asana and GitLab had ~85% year-over-year growth on their S-1.
Granted, Expensify grew 60% over the last twelve months, but by their own account it was 'primarily due to a pricing change implemented in May 2020, which led to a gradual increase in per member price for our paid members"
Makes me wonder if they are being hit hard by the new entrants like Ramp, or if the pandemic had such a major impact on all expense management platforms as people travel less - especially on business?
3) Part of the Euro zone (less important than #1 and #2 to be sure).
Given the OECD tax agreement there are fewer low-tax destinations for companies to pick from. And because of Brexit there are no other English-speaking EU countries.
Companies in Ireland aren’t going anywhere and it remains a pretty good option for any new HQs looking to expand into Europe. Ireland is just making more money off of each of them.