“Bouncing between these providers actually proves to be a really important way to minimize cost and to make sure that there's maximum reliability”
♫
Said on Applied Wizardry
“If you do the hard work up front… you can work for really thin margins… as it scales… incremental margins are really high… Robinhood's incremental margins, it's about 75%.”
Run the Numbers · Robinhood's CFO on Refounding & the Art of Capital Allocation | Shiv Verma
Play from 51:14
51:14
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What was described
structured the business with 85-90% fixed costs and minimal variable costs
75% incremental margin
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“TKO partnership... I think is $20 million a year. That is a big, big fixed cost for this company.”
♫
Said on Yet Another Value Podcast
“We meet every Friday morning to chat. That is a formal structure that doesn't cost us anything except time.”
ML
Matt Ludmer
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network ·
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