Prediction Not checkable as stated
Malka: AI will connect to money via blockchain smart contracts
“I think it's going to be that intersection between probably what blockchains will do and AI will do, because you will need to have intelligent smart contracts that will do stuff on your behalf”
Prediction Not checkable as stated
Malka: Founder-led fintechs like Stripe and Nubank will win AI race
“I think it comes from them. Because first, they're still founder-led, or Revolut, also. They're still founder-led. Those founders are pushing the boundaries of all of this. They are at an age, and they are at a place, and if you talk to them, they're still as …”
Opinion
Malka: Dee Hock considered Visa a failure because it lacked smart contracts
“For him Visa was a failure, if you talk to him, because he only got to release The simple version of it, which was payments, he wanted to do a lot more, which looked a lot like blockchains and smart contracts are today, but he was probably 60 years ahead of hi…”
Assertion Not checkable as stated
Malka: AI remains largely disconnected from money and financial flows
“Like, today, token factories don't touch money that much. Money's been outside of AI, and we're on year four or five. It's funny, because money's supposed to be one of the first, most fungible things that should be playing the game, and it's not.”
Opinion
Malka: Gen Z is the fastest-learning generation in history
“What I believe the people in their twenties have right now is that They are the smartest, fastest learner generation we've ever had in history. They learn the fastest”
Opinion
Malka: Silicon Valley lost the ability to build beautiful products
“Silicon Valley has lost that ability a long time ago, and we have to bring it back.”
Assertion Partly supported
Malka: OnePay powers all mobile payments and credit products at Walmart
“If you want to pay with your phone today, the only way to pay at Walmart is with OnePay. If you want to have a debit card, it's the only way you want to loan from Klarna. It goes through OnePay. If you want an installment loan, you want a credit card, it goes …”
Insight
Malka: Every major art movement in history starts with portraits
“Every single art movement in history starts with portraits. They always involve the portrait.”
Disclosure
Malka: Ribbit Capital gives all team members open access to internal inboxes
“Everybody can see my calendar in my inbox. They can see my emails, and I can see anybody's emails. We share all the information so we can actually become better as a team.”
Disclosure
Malka: Ribbit makes all investment decisions collectively without lead partners
“We don't make individual decisions. We make group decisions. And there's no, like, somebody asks, who's the partner responsible for that company? It's like, what partner?”
Insight
Malka: Accepting labels blinds people and makes life harder
“The more you walk through life allowing things to have label, the more difficult life is because then you cannot see through it. You just see what you've been told to see. So I think it's part of my rebel cause to never accept labels.”
Insight
Malka: Buffett's value is his repeatable decision framework across any market
“What you learn from it is not the decisions he makes, it's how in any environment he repeats the same pattern of decision-making process.
And that's the most important thing that you get from Reddit.”
Prediction Not checkable as stated
Malka: All future information will need to be machine-readable
“We're going to a world where every single piece of information needs to be readable by a machine. And that's how the world will go to the next generation.”
Insight
Malka: Organizations must balance chaos and order to innovate without breaking
“If you're too orderly, you don't innovate. If you're too chaotic, you don't communicate, and you break. So chaotic is the right place to be.”
Opinion
Malka: Dee Hock's association legal model was Visa's biggest success
“His biggest success was the legal model he used. No one had ever done a company in that structure. And the association model allowed everybody to save face, but at the same time, take the credit. And that's how he won.”
Assertion Not checkable as stated
Malka: Revolut CEO Nikolay Storonsky maintains 20 direct reports
“He still has 20 people direct report to him.”
Disclosure
Malka bought his first Berkshire Hathaway share in 1987 at age 13
“So I bought my first share of Berkshire when I was 13 years old in Venezuela.
It was November of 1987.”
Assertion Supported
Malka: Lemon Bank scaled to 7,000 Brazil locations serving 15 million customers
“We had, at peak, we had 7000 of these physical spaces all over Brazil. We were serving fifteen million customers. Half of Brazil back then was unbanked.”
