“Yeah, we're, I think we'll be there in the next, like, 45, 60 days.”
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 Sahil Phadnis
Opinion
US domestic stablecoin usage is mostly for illicit activities
“The only reason you'd want to use stable coins for domestic transactions is if you were, like, doing something shady, you know? Like, I don't know, like, buying drugs or something.”
Sahil PhadnisSep 8, 2025▶ 25:56TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
Insight
Stablecoin neobanks work in unstable economies, not in the US
“It's a great thesis if you're in Chad, or if you're in Syria. It's a horrible thesis if you're in New York City or San Francisco.”
Sahil PhadnisSep 8, 2025▶ 16:58TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
AssertionNot checkable as stated
Phadnis raised $25K in a Berkeley dorm and returned 12% weekly
“Look, we straight up collected 25,000 dollars in 24 hours. We returned 12% within a week. Returned all the capital. Look, everyone was made whole and even more than their principal.”
Sahil PhadnisSep 8, 2025▶ 17:57TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
Opinion
Dollar-denominated stablecoins are not securities, they are just dollars
“Still to this day, I don't think a dollar denominated stablecoin is a security. It's a dollar. In that case, every dollar is a security.”
Sahil PhadnisSep 8, 2025▶ 24:43TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
PredictionNot checkable as stated
Affiniti acquires SMB customers for 25% of Ramp's acquisition cost
“If I'm trying to acquire 10 pharmacies in Nebraska, and RAMP is trying to acquire 10 pharmacies in Nebraska, I can almost guarantee we're gonna have 25% of the CAC costs that they would pay.”
Sahil PhadnisSep 8, 2025▶ 47:59TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
Disclosure
Affiniti will never hire account executives; sales happen via single DMs
“I mean, the awesome thing with us is we'll never need to hire account execs. Because our sales cycles are literally off one email, or off one DM.”
Sahil PhadnisSep 8, 2025▶ 51:39TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show
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