Chime

“I think JP Morgan is not going away, but Chime, Robin Hood, Varo, Current, these companies are going to be significant players in their own right, and the growth rates are phenomenal, and that will continue.”

“If I look at some of the misses we had, you know, I did not invest in Chime. I did not invest in DoorDash.”

“While chime at twenty-five billion is probably very significantly overvalued.”

“Look at Crosslink. I mean, no one really talks about Crosslink. I don't even know if you've had an investor from Crosslink on, on 20 Minute VC, but they ended up owning like over 20% of Chime you know, through, like, a pretty modest deal because no one was loo…”

“Chime is actually much more of a consumer product company than it is a fintech at the end of the day.”

“It's just not been a successful mainstream neobank in the U.S. Chime is good, but it's targeting kind of gig economy workers, and then for the more affluent customers, Chase Sapphire and American Express just have the market sewn up.”

“Chime, you know, is probably a quarter of the enterprise value of Revolut now.”

“Chime.”

“I would actually place a lot bigger bet on Revolut taking the US than Chime.”

“Stripe, Figma Chime, the list of folks north of five hundred million, ok, Canva, three billion, that are gonna IPO in the next 18 months.”

“This is still a 1.7 billion dollar revenue company. It'll probably be larger than, you know, 80% of the companies that are, you know, unicorns that have been maybe 90% of the companies that have been talked about for IPO.”

“I think if you end up plus or minus ten billion, you know, rough order of magnitude here, you are looking at a deal going public, you know, 50, 55% below the last round price.”

“They're going to add, you know, loans, which they don't really do a lot of today and all the other cross sell stuff that every financial services company does at scale.”

“Is Chime an important company? I just don't see it, right? Like, is it, you know, it's good company? Like, they provided some banking products to unbanked people or underbanked people. I get it. It's not bad. They did a good job. They built a good app. But lik…”

“They said they did the Series B, right? So they did the Series B at 203 hundred. Maybe we can figure it out on the fly. They're going to, this will be a nine. There'll be some dilution. They'll 10 or 15 X their money, right? That'll be a fun returner or more t…”

“I would probably sell Revolut and Chime right now.”

“I think I'm more impressed by Revolut. You know, Revolut's got product velocity, international scale strong founder, you know, impressive guy.”

“Chime we don't butt into very much either because they're targeting sort of paycheck to paycheck customers. Their customers aren't really investing.”

“Now it's at eleven billion dollars, despite the U.S. Being, you know, I don't know in the day, 10 X larger GDP country, it's, Chime is only an eleven billion dollar market cap company because, and I think that speaks to They were playing in a less profit-rich …”