“And then we got a message from the government that refund either wasn't due ultimately or was due 12 months later. Something that would basically, that put us out of business.”

The a16z Show · How Bending Spoons Built a $20 Billion Compounder | Luca Ferrari

Play from 40:00
40:00

Audio streams from the publisher’s own feed. Verbatim does not host or copy it.

What was described

ran out of cash and were left with about $250,000-$300,000 after a tax-refund from the Danish government fell through

$250,000-$300,000

Said nearby on the same subject

“If you pay $10,000 in deductible interest… someone on a 47% tax… gets back $4,700… after-tax cost $5,300… someone on 32.5% gets back $3,250… after-tax cost $6,750”
ND
Nick Donato
Financial Autonomy ·
Hard number $10,000 interest; 47% marginal tax → $4,700 back; after-tax cost $5,30… Share this moment
“We'll probably raise $250,000 to $300,000 just from doing that, which is more than what selling it off privately would earn us.”
♫
Said on The Economics of Everyday Things
Business model $250,000-$300,000 Share this moment
“I have my auto-compact window in Anthropic models set to about 300,000 or 350,000 tokens, but I will compact manually over about 200,000.”
DS
Dave Slutzkin
The Startup Podcast ·
How they work 300,000-350,000; ~200,000 Share this moment
“Private credit funds had 3000 meetings out of a total. We ran about 20,000 meetings in the event this year.”
♫
Said on The Pomp Podcast
How they work 20,000 total meetings; 3,000 private-credit meetings Share this moment

Moments like this, every Monday

The strongest new moments on your topics, in the speakers' own words. Free for three topics.

No card. No password. One-click unsubscribe.

Track a competitor?

Pro watches up to 25 names or phrases and emails you the morning after they are said.

See Pro, $29 a month

Verbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.