Thinking: the internet will crush businesses that rely on information asymmetry or opacity. Some biz models depend on occasional "bargains," like hiring a 5x dev for a 2x salary, or insuring a 5x safer driver for 1/2 the premium. These models will struggle more & more over time.
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P.S. If you have 20 employees single digit hours of work on deposit pricing makes you $10k+, and a truly stupid portion of the upside is captured by just telling your bank "Hey somebody who should know says I can get $10k by thinking about deposit pricing. What can you give me?"
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We magically got another 30 basis points from a money market account we didn’t know existed until
@TrevMcKendrick suggested holding our money in rolling 4 week treasuries and I mentioned this idea to our bank account manager... - 4 more replies
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