Venmo

“I great fucking product. Terrible fucking business.”

“It is still big, but it's like, kind of shitty. The app's kind of broken now. It's been, you know, owned by PayPal for the last decade, and they've kind of like, I don't know, I wouldn't say it's not usable. I certainly use it, but it's like, pretty terrible e…”

“When I went and worked at Facebook on the way in, one senior executive reviewed all my investments and told me which ones I had to divest from. Interestingly, path was fine at the time, but Venmo was a big problem. And then, yeah, believe it or not, I had to s…”

“As, you know, as the first financier of Venmo, let's just talk about this story.”

“And so, years later, Cortina, who founded Venmo, and I went off, and we just said, look, we're going to start a company called the Fin Exploration Company. And we basically raised some money and told the investors we literally were going to lose all the money …”

“There is an app called Jelly started by Ikram, who is one of the two co-founders of Venmo. I am its largest investor. I think, you know, certainly, I think I'm the only institutional investor. I'm certainly the largest investor.”

“It's like how Venmo is an important product, but never will make money and never has.”