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In 2009, that spiked to 35%. While more traditional firms have been more patient in scaling than non-traditional investors, dollars into the industry only increased at a 9% CAGR over those same ten years and an outflow at 10% CAGR since 2021. They saw a 35% CAGR decrease from 2021 to 2023.
Cloud computing allows Fintech companies to quickly adapt, deploy new services, and scale operations without significant upfront investments, reducing costs and enhancing innovation. Bitcoin, created in 2009, was the first and is still the most famous cryptocurrency, leading to the creation of others like Ethereum, Ripple (XRP), and Litecoin.
It’s about scale and revenue. At a high level, why are things scaling faster than ever from your perspective? Things are scaling faster. Yammer certainly scaled faster than I scaled back in the day with EchoSign or Aaron when he was here, but the pace of Slack. Jason : A lot has changed since then.
So the scale is sort of mind blowing in certain ways. I’ve learned a lot about just the financial system at scale. It’s really kind of interesting to be inside a financial institution that operates at that $2 trillion scale. The day that acquisition closed, we became a 250,000 person company.
We looked at the world in 2008, 2009, and we said, “How come it’s almost impossible to connect two companies to do business, especially if they have complex business processes, but we can all connect as consumers on LinkedIn, Facebook, Twitter, every single day we want to do business? We really wanted to simplify supply chains.
While Davos , Main Street , and Wall Street may differ on scale and scope, everyone agrees that the economy is turning. I disclaim that I am not a Musk fanboy and that, in general, I am disappointed by the PayPal mafia , which I once saw as so full of promise. On Sand Hill Road, they’re analyzing softening customer demand.
Whether it was our interview with Podium’s Eric Rea on how he scaled with a team outside the Bay Area before it was really considered an option, or TripAction’s Megan Eisenberg on how to prioritize trade-offs in marketing without sacrificing pipeline, we’ve covered the gambit of relevant topics throughout the year. .
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