In a startup, the only people who really know the terms of an equity deal would be the two or three co-founders and the funds providing the capital. The precise terms may even be forever buried in non-disclosure agreements.
Naturally, the key tradeoff here is time. With just a few heads making decisions, plans can move quickly.
But if you consider the sheer size of a DAO community, then the process seems to be still pretty fast. Perhaps more importantly, everyone also has an opportunity to participate transparently.
5.3 billion acquisition Visa is buying fintech Plaid (a company that it is now used by an estimated 25% of consumers in US, connecting users to 11,000 financial institutions). Amount of deal: $5.3 billion. Plaid offers technology that allows consumers to link their bank accounts to its 2,600 fintech clients. Here there are included peer-to-peerContinue reading “Plaid acquired by VISA”
French startup Lydia is raising a $45 million Series B round (€40 million). Tencent is leading the round. Payments peer-ro-peer as their main business model now they shifted to a marketplace of financial products, such as borrowing (up to EUR 1000) in seconds, get a free credit when you open a bank account (cool!), home insurance (nice!)Continue reading “40 millions EUR investment round for a French mobile app (Lydia)”