Hey there - my name's Tim and I'm a cofounder at Passthrough. My other cofounders and I came from Carta and Google before launching the company.
We make investing in venture & private equity as simple as buying stock on Robinhood by building persistent, re-usable financial identities for investors. But we're also fund closing rails (i.e. the process of investing into a private fund) that anyone can inject into their website.
You'll have to develop a deep understanding of the entire product and the freedom to work on projects that align with your goals and ours. We've got an extremely talented 8-person R&D org today. Reach out if you'd like to join us.
I think the issue is how it happened. They had a product prototyped and ready to go, went back to the drawing board and revised it. Constant feature creep kept causing them to go back and revise revise revise, spend more money, and delay. Hardware doesn't have constant iteration. This is what happens when you try to apply software principles.
The article talks about crowd processing eliminating falsified balances, but it doesn't go into some exchanges getting hacked. Hasn't that been a security concern? Haven't people lost money that way? I know my credit card numbers can get stolen, is that the right comparison? Do exchanges just make you whole?
Fundraising 101 is don't fundraise. Any investor worth his salt says don't raise money unless you have to. You need some damned good reasons to give up your equity/control. I don't get why this is a big deal. This article should have focused more on the changing VC model then illustrate the basics of bootstrapping.
I don't think employeers worry these people got fired. I think companies are concerned whether you're just a hired gun (not that there's anything wrong with that). But if I'm a young company and I want someone to come on board, I'm not making the decision lightly. I want a long-term partner. So yes, a lot of short term employment would be concerning.
At 6 months, literally "fired" is unlikely because most companies don't act fast enough. But the assumption people make based on a lot of short job tenures is that the person was unsuccessful at all of them. Most unsuccessful people don't stick around long enough to get fired, but that's irrelevant.
It's somewhat self-reinforcing, I'd imagine. Because of the stigma, people are less inclined to leave jobs, and therefore a higher percentage of departures are negative.
There's also a "can't win" dynamic from short job tenures. If you're obviously moving up, you're a mercenary. If you have a lot of lateral moves, you're unsuccessful.
Additionally, I think few people actually want to be job hoppers. I'd love to find a 10-year fit. On the other hand, it's uncommon that a I find an environment where I keep learning for long enough to justify more than a year or two.
Do you think the criticisms levied at microfinance are fair? Likewise, do you feel it's appropriate to build a for-profit business around a social mission? Is that a conflict of interests?
Sometimes random opportunities come knocking and some people call it luck, but I think a dedicated and thorough approaching to networking (more simply put: meeting people and being open to ideas) is transformative. And what goes around comes around too.
Hey there - my name's Tim and I'm a cofounder at Passthrough. My other cofounders and I came from Carta and Google before launching the company.
We make investing in venture & private equity as simple as buying stock on Robinhood by building persistent, re-usable financial identities for investors. But we're also fund closing rails (i.e. the process of investing into a private fund) that anyone can inject into their website.
You'll have to develop a deep understanding of the entire product and the freedom to work on projects that align with your goals and ours. We've got an extremely talented 8-person R&D org today. Reach out if you'd like to join us.