“We worked with Lyft back a couple months ago to roll at Express Pay, where rather than just kind of sending money to their drivers via bank transfer, they can send it instantaneously to their drivers kind of directly over debit card rails, and now almost half of their drivers are using that.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Patrick Collison
Insight
Collison: Talent allocation, not capital scarcity, limits technological innovation
“I mean, I think it's less that we don't have enough capital. It's more that we don't have the right people or the right people in the right places and so on.”
Patrick CollisonJan 2, 2019▶ 12:04a16z Podcast | The Movement of Money
PredictionNot checkable as stated
Collison: Advertising will remain a small fraction of the overall economy
“I think advertising will remain not only a large, but even sort of an increasingly large industry. But in the scheme of things, it'll be a small fraction of the economy.”
Patrick CollisonJan 2, 2019▶ 2:16a16z Podcast | The Movement of Money
PredictionNot checkable as stated
Collison: Single physical retail stores will look anachronistic in 50 years
“And just how anachronistic is the whole notion of a single store going to look in, in 50 years? Maybe you go, maybe it already knows what you're going to Order. Maybe you have already ordered.”
Patrick CollisonJan 2, 2019▶ 6:13a16z Podcast | The Movement of Money
Insight
Collison: Reputation systems turn local services into online marketplace problems
“The problem of pest control is, is, is being turned into a marketplace problem or the problem of childcare. All these things that kind of, when you zoom out involve a significant coordination problem or sort of information asymmetry where reputation systems ca…”
Patrick CollisonJan 2, 2019▶ 8:12a16z Podcast | The Movement of Money
AssertionNot checkable as stated
Collison: China's Great Leap Forward ended via coordination changes, not tech
“Part of what ended the Great Leap Forward in China, you know, it wasn't sort of a technological innovation. It was a change in the coordination model where people got to farm their own plots.”
Patrick CollisonJan 2, 2019▶ 22:11a16z Podcast | The Movement of Money
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