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asanwal's profile
Anand Sanwal
Anand Sanwal
Anand Sanwal
Verified account
@asanwal

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Anand SanwalVerified account

@asanwal

Please buy a subscription to @cbinsights. I owe people money. http://cbinsights.com/newsletter 

New York, NY
cbinsights.com/newsletter
Joined September 2008

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    1. Anand Sanwal‏Verified account @asanwal 14 Dec 2018

      Robinhood got 600k signups (as of yday) for their checking/savings aka cash management account This was fantastic marketing They had to change the copy today but only after they’d derived most of the value from the launch Well played by their team

      41 replies 63 retweets 437 likes
      Show this thread
      Anand Sanwal‏Verified account @asanwal 15 Dec 2018

      While I appreciate the faux-rage by some on ^ tweet, I'm not condoning deception I'm recognizing it for the savvy business'ing - their lawyers ($$$$) likely advised of the risk - they decided regulators are toothless/clueless - took calculated risk. 600k signups 💥

      6:18 AM - 15 Dec 2018
      • 10 Retweets
      • 95 Likes
      • PlebNET Noob VC PICHIRUCHI.eth John Gannon Shir Goldbird Kathleen Craig Sergei Bhargav Shivarthy OCEAN 🌊 | Funnels & Email Marketing DuLacWealthSvcs Sasha Bldnn
      41 replies 10 retweets 95 likes
        1. Alex Sherwood‏ @_AlexSherwood 15 Dec 2018
          Replying to @asanwal

          It’s not really about the regulators, it’s about promoting a service in order to get signups that they can’t deliver.

          0 replies 0 retweets 1 like
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        2. BobbyMRR.eth‏ @bobbyreardon1 15 Dec 2018
          Replying to @asanwal

          Surprising how many comments here and elsewhere thinking they didn’t review with counsel. Like that’s an option. 🤯

          1 reply 1 retweet 2 likes
        3. Henrik‏ @ha1331 16 Dec 2018
          Replying to @bobbyreardon1 @asanwal

          I'm 100% certain there are no shortage of retarded actions taken after a review with counsel. Pretty sure some of those actions are even made as instructed by said counsel.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. New conversation
        2. Rajesh Jayaraman‏ @rajeshj 15 Dec 2018
          Replying to @asanwal

          It’s actually bad business’ing and they are going to be under reg spotlight for a while. That is assuming that they can deliver the product they signed up people for. They calculated poorly.

          1 reply 2 retweets 7 likes
        3. tommy‏ @tommyrva 15 Dec 2018
          Replying to @rajeshj @asanwal

          I think they didn't calculate at all

          0 replies 0 retweets 3 likes
        4. End of conversation
        1. Joel Andren‏ @joelandren 15 Dec 2018
          Replying to @asanwal

          pic.twitter.com/7P2nvgiAgd

          0 replies 0 retweets 1 like
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        2. Sam Shawki‏ @sshawki 15 Dec 2018
          Replying to @asanwal

          1- From experience: Belive it or not regulators in the US are not toothless at all, the sister is designed to be efficient and does not instantly punish well intentioned innovation

          1 reply 1 retweet 1 like
        3. Sam Shawki‏ @sshawki 15 Dec 2018
          Replying to @sshawki @asanwal

          2- At Obopay, which paved the way for Venmo, we did the same thing. We started without a money transfer license, and this was illegal in most states. It took us three years to build the license as each state has its own rules

          1 reply 1 retweet 2 likes
        4. Show replies
        1. Bill Winterberg CFP®‏ @BillWinterberg 15 Dec 2018
          Replying to @asanwal

          Honest question: Could the @FTC force RH to purge the 600k email signups because they were collected under a pretense that RH is incapable of fulfilling? This could be a CAN-SPAM violation.pic.twitter.com/3ELEmdxV9j

          0 replies 1 retweet 5 likes
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        1. 0xmarko.eth (win, win) ( 😈, 😇)‏ @0xmcc 15 Dec 2018
          Replying to @asanwal

          @RobinhoodApp's marketing strategy is the product equivalent of clickbait. In journalism, I think they call it a degradation. https://www.theblockcrypto.com/2018/09/10/robinhood-crypto-the-fine-print-behind-free-crypto-trading/ …

          0 replies 2 retweets 3 likes
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