It's hard to turn a sinking product around. There's a cultural problem, and those are very difficult to solve.
There's a Munger quote that I don't quite remember, but it went something like this: "When good managers are put into a terrible culture, it's the culture that wins."
When a manager with a reputation for brilliance takes on a business with a reputation for poor economics itβs the reputation of the business that remains intact
When Seagate (then a reputable hard drive manufacturer) purchased Maxtor (then the bottom-of-the-barrel for both price and reliability) I hoped Seagate would rehabilitate their newly acquired facilities and bring them up to the same quality.
Just finished migrating to it to replace pdf2docx in a new project Iβve been working on and it is so much better. Thanks for open sourcing OpenDataLoader-PDF!
Not really a direct alternative as it requires you to use their bank but I've used Qube money for years and love never having to import transactions.
Qube Money is a fintech startup where your debit card is controlled by an envelope based budgeting app. It's still early days so no check deposit but they have thriving Facebook group of users and it helps me be much more intentional about spending.
They even have some neat features similar to privacy.com where you can spin up virtual ACH/debit card numbers via "Bill Qubes". Not to hide your identity but make sure free trials stay that way.
From the article it looks like the 500mm investment is now around 1.5B (if they could sell their block at the 18B valuation). Thats a lot less than they lost.
A reminder for everyone that Authy allows multi device and backups in case you lose your phone. From my understanding Google Authenticator doesn't offer either of these.
Please keep in mind that by using Authy you're implicitly supporting the use of SMS 2FA everywhere. We need to push companies to get off of SMS 2FA and giving Twilio another user to put on their quarterly report isn't going to help.
I feel like PayPal is slowly degrading, I hope Stripe would find a way to modernize it.