Bruno F | Magna
@Bfaviero
🇺🇸🇧🇷 Founder @magna_digital (YC W22) Token vesting, airdrops, custody ($10B+ TVL). Prev: Palantir, AI founder, MIT
And you thought signing the Declaration of Independence was patriotic? Move over Hancock, America just figured out how to "airdrop" the dollar to every smartphone on Earth. Enter the global USD bundle: fiat-backed stablecoins, investment opportunities, internet service, and a…
This is why I'm wary of vibe-coded apps
TLDR the Tea app stores everyone's photo and ID enuncrypted in a public firebase storage bucket. Hahahahahah. Was this vibe coded?
who is at the Brass Factory today?? We just got a hot desk there for @machyara and I want him to get a warm welcome
“There was a fire at United HQ Chicago, no planes are leaving EWR” That’s a first
18 months between venture rounds is not the right expectation. These days the median is over 2 years, even for many AI companies. Non-AI, it's even longer. Plan accordingly!
Good lore: In 2018, Christina estimated the entire SOC2 compliance market at just $100M. Vanta alone now does far more revenue than that. They made compliance easy, so customers started demanding it. Some early investors didn’t buy the TAM either- They bet on Christina,…
Today, we’re announcing @TrustVanta's Series D and new valuation – $4.15 billion – led by @Wellington_Mgmt alongside @sequoia, @ycombinator, @CrowdStrike, @GoldmanSachs, @jpmorgan, @craft_ventures, and @Atlassian. Vanta’s mission is to help businesses earn and prove trust.
My one learning to share with all future entrepreneurs: Great businesses take a LONG time to build Ignore the noise and keep going
@viseinc just hit $22B in platform assets, reflecting 1275% YoY growth and 40% QoQ growth. A record number of new firms joined the platform, making Q2 our biggest quarter yet. With a relentless focus on delivering better outcomes for our clients, we're not slowing down. Check…
Reasonable take from Citadel: "Tokenized securities must achieve success by delivering real innovation..., rather than through ... regulatory arbitrage" Link to the full letter: sec.gov/files/citadel-… Also highlights potential confusion of 3rd party "tokenization" below:
Tokenized equities face resistance from prominent Wall Street firm Citadel Securities in letter to SEC theblock.co/post/363881/to…
Tokenized equities are going to be everywhere. Today they even found their way to page 83 of Figma's revised S-1.
what part of the cycle is this? they spun up a fake “solana ventures” 😭😭😭😭😭😭
Solana Ventures is not affiliated or involved with any equity line of credit agreements with any publicly listed companies or entities.
insane traction from Axiom
Axiom (YCombinator W25) now up to $179m in top line revenue since launching in 7 months ago in January Was the fastest company in YC history to hit $100m in top-line afaik (did it in 5 months). And about to be the fastest to hit $200m Currently running at ~$1-3m of top-line…
🚨 BREAKING: SEC Chair Paul Atkins declares $ETH "is not a security."
“How can we get foundations to onshore to the US?” Under current corporate tax policy - and currently discussed tax changes - it is not possible. Currently, every token transfer in the USA is considered a transfer of (appreciated) property. Because foundations typically have…
The romanticization of being a startup founder is kind of insane to me: – You’re statistically unlikely to succeed – You’ll have no life and be totally consumed - Incredible lows – You’re locking yourself in for 10+ years This is insanely hard and NOT for everyone.
The GENIUS Act got signed into law today, and I look forward to working with SEC-regulated entities to integrate payment stablecoins safely into our capital markets: sec.gov/newsroom/speec…