Hey HN. I’m a former Y Combinator backed founder based in London, England. I cofounded a venture-backed delivery startup and was Chief Product Officer (and first hire) at the first modern bank in Iraq. I also built Anon Friendly, the world's first (and most popular) pseudonymous job board.
I love taking ambitious, complex projects, from idea to launch (and beyond). I’m looking for a role in Product Management or (junior) Software Engineering. I thrive in high pressure, high stakes, high uncertainty, environments. I take ownership. I care deeply. If you think I could create value for your organisation in any capacity, get in touch.
Hey HN. I’m a former Y Combinator backed founder based in London, England. I cofounded a venture-backed delivery startup and was Chief Product Officer (and first hire) at the first modern bank in Iraq. I also built Anon Friendly, the world's first (and most popular) pseudonymous job board.
I love taking ambitious, complex projects, from idea to launch (and beyond). I thrive in high pressure, high stakes, high uncertainty, environments. I take ownership. I care deeply.
If you think I could create value for you or your organisation in any capacity, get in touch! Even if you just need someone to talk to about your startup idea or an early stage product.
Hey HN. I’m a former Y Combinator backed founder based in London, England. I cofounded a venture-backed delivery startup and was Chief Product Officer (and first hire) at the first modern bank in Iraq. I also built Anon Friendly, the world's first (and most popular) pseudonymous job board.
I love taking ambitious, complex projects, from idea to launch (and beyond). I’m looking for a role in Product Management or (junior) Software Engineering. I thrive in high pressure, high stakes, high uncertainty, environments. I take ownership. I care deeply. If you think I could create value for your organisation in any capacity, get in touch.
Stripe has incredible distribution. For the many merchants already using Stripe, enabling cryptocurrency payments could, depending on its implementation, be as easy as toggling a switch. That's a lot easier and less costly than integrating a new payment processor from scratch. For new merchants, adopting Stripe would mean being able to accept cryptocurrency payments AND benefitting from Stripe's existing product suite and experience. They've solved a lot of difficult problems really well.
Despite the head start other crypto payment processors may have had, imo none have yet been able to produce a developer experience (or even just documentation) anywhere near the quality of Stripe. Also, that "head start" might be a head start in accepting crypto specifically (though Stripe did do this at one point), but it's not a head start when it comes to accepting payments, more generally. I think the things that make Stripe the best payment processor will translate pretty smoothly into making them the best crypto payment processor, too.
I'm not certain that Stripe will become the number one cryptocurrency payment processor, but I think it's likely. I certainly wouldn't put it past them.
This plus the fact that accepting crypto payments is relatively trivial compared to processing and handling the VAT and sales tax for a billion jurisdictions that also happen to change all the time.
I am not sure if the relationship to merchants will be enough here. MoonPay has relationships to 250+ wallets - this is where lucrative on and off ramp is happening.
I doubt that revenue per wallet is a uniform distribution. At the end there will only be a few wallets left. If you sign them now you will get all their business. Phantom has already announced to use MoonPay. OpenSea, the biggest NFT marketplace, also uses MoonPay.
Thinking about it again, I think MoonPays biggest asset is their stored KYC data. Customers don't want to go through KYC twice so if they have several options they will go with MoonPay again. I think KYC will play a big part in crypto soon.
That's just weird. There is no proven method to monetize solely transaction data.
Moonpay doesn't know anything out of the ordinary about their customers. BitPay would have a better advantage then Moonpay ( 10 years of data and a higher volume)
It's only good for detecting fraud, even if they would have lots of data ( which they don't seem to have)
I guess they will monetise their KYC data. Eventually you will need KYC data to accept a payment from a customer. The customer obviously doesn't want to enter it again and again. So some company will build a KYC layer - this might be MoonPay.
I'm Arvand. I built and recently launched Ransom. I’m new to programming and Ransom is actually the first thing I’ve built. So aside from your thoughts on Ransom generally, if you have any technical feedback I would love to hear it. Or if you’d like to ask some technical questions go for it! I’ll try my best to answer. A little more about Ransom and why I built it:
Ransom is a site that lets you crowdfund the release of your work. Once the Ransom has been paid by anyone, the work is available for everyone. Even if they didn’t donate. It's a new way for creators to make money from their work without sacrificing its reach or impact. Or that’s the hypothesis anyway.
The idea for Ransom actually came from some tweets I came across early last year. PG tweeted that “One novel consequence of the new paywall model of journalism is that only your subscribers even see your articles. It used to be that when an important article was published in a national newspaper, everyone concerned had read it. Now only subscribers have.” [1]
I agreed and thought it was interesting. What was more interesting to me were some of the replies. One person quote tweeted, suggesting that one solution could be “pay per article” with “dynamic pricing”. PG replied to that saying it was “actually an interesting idea”. And then came the tweet that ended up consuming my life for the next year and a half.
Patrick Collison replied to PG saying “I also liked @VitalikButerin's idea (from @BitcoinMagazine) of "article ransoms": unavailable until a fixed total amount is collectively paid.” [2]
I’m not certain if this is the exact source that Patrick was referring to, but I’ve linked an excerpt I found from an Vitalik Buterin interview with Tank Magazine [3]. In the interview, Vitalik mentions that around the time he initially heard about Bitcoin, he tasked himself with earning some. The problem was …
“I didn’t have any of my own money. I did the only thing I could and started looking for people who offered jobs that paid in bitcoins. I found a person who curated a bitcoin blog. He offered five bitcoins per article, which was worth $4 at the time. Even though I got paid $2 an hour I succeeded in earning savings. I invented a business model. I’d publish the first paragraph of an article on the forum and then held the rest for ransom. If the community managed to crowdfund two and a half bitcoins into an address, I released the whole of the article. It actually worked! We ended up getting something like $20-40 per piece.”
I searched around to see if someone had built this at scale but they hadn’t. I decided that I had to build it. Two big differences between this idea and the one that Vitalik implemented. Firstly, this is built on Stripe, we don’t accept cryptocurrency (yet). Secondly, I felt that one of the biggest risks of the business model was the risk that you may pay a Ransom and the creator doesn’t actually deliver what they promised. Users would quickly grow tired of being scammed. So, I implemented an escrow system. Users have 7 days post Ransom unlock to review the work. If the creator didn’t deliver what they promised, users are refunded in full and the creator doesn’t receive any of their earnings.
Building Ransom has been an incredible learning experience. Whilst I’m proud of having built this MVP, it really is just step one. Arguably, one of the easier steps. It’s nice for me personally but in the grand scheme of the company, it’s not massively significant.
Right now I’m focusing my efforts on solving the cold start problem. Whilst the original context of those tweets was regarding journalists, I think Ransom has a lot of interesting use cases and applications. I actually think it could be especially valuable for music artists. I think a lot of artists create a lot more value than they capture, and they underestimate the demand for their work, especially from super fans. I think Ransoms are a complement to their existing revenue streams and could help them capture more of that value.
I’d love to hear your thoughts HN. Or if you’d like to post a Ransom or know someone who might want to, I’d love to help out. Either way, I’m waiting patiently by my screen, ready to respond. :)
Aaron Harris (Y Combinator partner for 7.5 years) does pitch deck reviews. Here's one from two days ago of a company in India called Wildcart: https://www.youtube.com/watch?v=IJyKCbHu2Cg.
This is really amazing! I like the idea of reviewing pitch decks. It would be amazing if somebody would review how companies evolved from a pitch deck to the point where they are today.
Assange was sentenced at Southwark Crown Court. Tomorrow (Thursday 2nd May 2019) at 10:00 BST there will be a hearing in Westminster Magistrate Court on the US extradition request.
Remote: Yes (Prefer in person)
Willing to relocate: Yes (US or UK)
Technologies: TypeScript, Node.js, Express, Next.js, React, Solidity, MongoDB, GCP, Supabase, Firebase, Stripe
Résumé/CV: https://www.arvandhassan.com/arvand_hassan_cv.pdf
Email: arvandhassan @ gmail dot com
Website: https://arvandhassan.com
Hey HN. I’m a former Y Combinator backed founder based in London, England. I cofounded a venture-backed delivery startup and was Chief Product Officer (and first hire) at the first modern bank in Iraq. I also built Anon Friendly, the world's first (and most popular) pseudonymous job board.
I love taking ambitious, complex projects, from idea to launch (and beyond). I’m looking for a role in Product Management or (junior) Software Engineering. I thrive in high pressure, high stakes, high uncertainty, environments. I take ownership. I care deeply. If you think I could create value for your organisation in any capacity, get in touch.