#HackingFinance [w/ anthemis | group]

welcome to the sixth paradigm

“But that’s OK, because in cryptoland, ceci n’est pas un dollar…”

“Lots of meetings, lots of PowerPoint slides, lots of committees, decision-making slowed down.”

“The problem is few retirees have the inclination to constantly rebalance their portfolios.”

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Leverage Your Way To A Richer Retirement

…except those that have discovered @Betterment and @Blueleaf…

Since early 2010 Fitbit has sold software to thousands of companies that want to monitor employees as part of preventive health and corporate wellness programs. On average 20% of workers join corporate wellness programs; more sign up when Fitbit is involved, says Amy McDonough, who helps run the programs.

Oil giant BP gave free Fitbits to employees who agreed to walk 1 million steps in 2013. More than 23,000 employees enrolled, and nearly three-quarters achieved that goal, winning them 500 “wellness points.” Getting 1,000 points in a year made them eligible for BP’s premium HealthPlus Plan, which was half the price of the standard health plan.

“The dirty secret of the business is that once you’ve accumulated assets above a critical mass, even as little as $1 billion under management, it’s pretty hard to screw things up.”

theeconomist:

Workers of the world, log in: LinkedIn has already shaken up the way professionals are hired. Its ambitions go far beyond that

Enabling new business models (like Anthemis Talent)…

theeconomist:

Workers of the world, log in: LinkedIn has already shaken up the way professionals are hired. Its ambitions go far beyond that

Enabling new business models (like Anthemis Talent)…

“Instacart charges as little as $3.99 for grocery shopping and delivery. Yet Shah said its shoppers make about $20 an hour, plus tips, which makes profitability seem unlikely, even with the smartest algorithms routing shoppers through grocery stores and city streets. When I told him that, he sounded a lot like Borders back in Webvan’s heyday: “We’re really well funded, so that is not something we’re as worried about,” Shah said. “Growth is the most important factor.””

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Delivery Start-Ups Are Back Like It’s 1999 - NYTimes.com

You can’t grow your way out of shitty unit economics when all your costs are already marginal.

(via justin-singer)

(via justin-singer)

“Over the next 10 years, Africa’s savers – more than its consumers – will define the nature of the continent’s growth. But there are as many challenges as there are opportunities in the changing institutional investment landscape.”

“The problem with mobile wallets is that most U.S. consumers still are not convinced they need them.”

“I think the most interesting point of note in this solution is how it essentially skips over banking. If we think about our own lives, and especially those of the generation entering the workforce now, banking is most decidedly archaic. The whole idea of opening an account and dealing with a level of indirection which offers very little by way of useful services — it just feels like there’s a need for disruption. Our installed base of infrastructure makes this very difficult, but in the developing world that challenge doesn’t exist. It isn’t likely that most people will graduate to full-fledged banking just as we don’t expect people to graduate from a mobile phone to a full-fledged PC.”