How to stack risk early, tackle the cold start problem, and compete by understanding incentives with Jareau Wadé
Idea to Startup
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FinTech - What Is It All About?
The original idea was actually a P2P app more similar to Venmo or Cash App. It wasn't scalable yet, but we were trying to show that real-time access to cash could be meaningful for people in low-income communities. Balance pivoted the company soon after getting into Airbnb, really go after that in earnest. "We always kept an eye on this first insight of the instant money movement"
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