Alex Johnson
@AlexH_Johnson
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Writing and podcasting from the 🏔️ | @FintechTakes
Joined May 2009
I asked a couple dozen female founders and founders of color in fintech about their experiences raising money from VCs and how that process can be improved. Here’s what they said:
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Kalshi sucks. Prediction markets suck. The financialization of everything sucks.
🚨SOMEONE JUST PUT $19K ON THE CEO LEAVING. IT'LL PAYOUT OVER $42K. THE CEO RECENTLY DELETED HIS LINKEDIN
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“Go use this very powerful tool carefully so that we can see all the ways it will break and be exploited by the bad guys.”. Remarkably honest. And not at all how we think or talk about product development in financial services.
Today we launched a new product called ChatGPT Agent. Agent represents a new level of capability for AI systems and can accomplish some remarkable, complex tasks for you using its own computer. It combines the spirit of Deep Research and Operator, but is more powerful than that.
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I have some questions!. - Does Dakota issue DKUSD itself or is it done through a partner like Paxos?. - Can customers opt to store funds in other stablecoins besides DKUSD?. - Will Dakota comply with the GENIUS Act when it goes into effect? And if so, how will it be able to offer.
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An oblique reference to cash flow scores, perhaps?.
I am glad to see FICO and Vantage Score competing today. Today, FICO released a white paper arguing theirs is more predictive than Vantage. This is good. We need COMPETITION. I believe there will be more than 2 credit scores, with high predictability, and low costs.
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Wait, what?. Can someone explain why VantageScore 4.0 is going in, but FICO 10T is not (yet)?. Also, why does he keep putting words in quotation marks? DOES HE KNOW WHAT THAT MEANS?.
We are making the credit score industry competitive, to benefit the American people. Here are some answers as we deliver “choice” for the American people.
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Very fun and educational session on the tools of financial inclusion.
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A guy standing outside the front door did ask me if I worked there and then, very calmly, asked me if I thought it was possible that the Fed is manipulating the global economy to ruin his life.
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Whenever banks or regulators try to stop something in fintech, I'm reminded of one of my favorite Jurassic Park quotes. Whether it's prohibiting stablecoin issuers from offering yield or trying to kill open banking by raising the costs, the outcome is usually the same .
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Busting out the “it’s just math” line again. Love it.
If news reports that Powell is considering resigning are accurate, the economy would boom like never before - it’s just math.
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Here’s the article. Sounds like policy making by tweet is starting to upset some folks in the administration.
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In today’s @FintechTakes newsletter, guest author Martin Kleinbard offered a suggestion for what @pulte and the @FHFA can do next:. Commission a Credit Score Solicitation specifically for cash flow underwriting.
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Over the past decade, FICO has experienced 6 single-day share price declines of 7.5% or more. 4 of those have come in the past 8 weeks. This is primarily due to the relentless pressure @pulte has applied to the credit ecosystem, in an attempt to lower costs for homebuyers.
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New favorite quote about credit scores: “It’s just math. Predictive math.”. Yes, it’s on a Fintech Takes t-shirt. Yes, you can have one. DM me to order!
If you use Vantage and not just FICO, for the betterment of the American people and the consumer, you should get better pricing. It’s just math. Predictive math.
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I was honored to get to record this podcast with Barb MacLean. A fun story about this podcast recording, which illustrates how awesome Barb was. Her and @JPNicols were co-hosting the episode. I was the guest. At the beginning of the episode, JP took the lead in framing the.
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Just got into a random My Cousin Vinny quote-off with the person I was meeting with. First time I'd ever met him, and within 30-minutes we're trading lines back and forth. That movie RULES.
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“We will not be intimidated.”. Spicy stuff!.
We will not be intimidated by lobbyists — who may or may not be registered — and well—moneyed corporations. They’ve made it clear, monopolies and their allies in the mainstream media will do whatever they can, to stop us from fighting for the interests of the American consumer.
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FICO's next earnings call will happen at the end of this month. I would expect this question (asked during the last earnings call) will be asked again and with more urgency.
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Credit scores show how you manage debt. Cash flow scores show how you manage your entire financial life. Each one can be used to predict credit default, but when you layer cash flow data on top of traditional credit data? . Well, then you're cooking with gas. Cash flow data
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