Brokerage
topic on 4 shows · 8 statements across 7 episodes
the Paul Morris Podcast
Capital Allocators
Top Founders
the a16z Podcast
8 statements about Brokerage, every show
Morris: Find investor-friendly agents by asking dominant brokerage managers directly
“A great way to do it would be to physically walk into a brokerage in that area and ask to see the manager. And then say, Hey, I want, you know, I'm a potential buyer. I'd like five minutes of your time or 10 minutes of your time... And I would walk into that o…”
Strange: Robinhood forced zero-commission trading across major U.S. brokerages
“Trading now is free. I would argue that's in large part because Robinhood came along, made trading free, and put pressure on all the large brokerages.”
McGarry: Operating BlueStream software locally costs roughly $1,000 per month
“To keep it going in our market, it's not much. It's maybe a thousand a month. But we use it within our brokerage.”
Monica: Crypto lending, brokerage, and staking require controlling the custody stack
“The same way that I mentioned that you can't do lending if you don't own the custody stack, and you can't do brokerage if you don't own the settlement custody stack, you can't do staking, because staking comes from the same private key, same password that owns…”
Ashokan: Percentage brokerage commissions make no sense for agent support
“It's the same amount of support. So paying a commission to your brokerage doesn't make sense to all.”
Selling B2B real estate tech agent-by-agent is a failed GTM strategy
“We realized very quickly that was not a B to B go to market strategy. Brokerages did not want to pay for technology for their agents. And so we had to sell agent by agent by agent. And it just was not an easy or feasible go to market strategy for a startup.”