
Not Matt Harris. “Generally Clever Person” -@yrechtman Opinions/poop jokes my own or liberally borrowed and do not reflect my employers'
Brooklyn, NY
Joined December 2008
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key misunderstanding about YCSE is about it being whether she did it when it's about showing how she was able to do it
Fintech friends is there anyone in my network with a connect at Nu? I just have some constructive feedback for IDEMIA
idk it might be worse but have you ever watched a Boomer or young child using a MacBook?
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Let this be a warning. Take a salary no matter what 996 etc nonsense you hear
This is total nonsense.
We're one of the largest early investors in Polymarket, and this story that Shayne was "caught red-handed" using company money is just a flat out garbage hit piece.
Shayne wasn't taking a salary. He was 21 when he started Polymarket, he was living hand-to-mouth running the company out of his apartment, barely making ends meet when he was raising his seed round. We were his first term sheet and literally offered to loan him money personally, but he ended up not needing it when the seed round came together.
After COVID and the crazy Biden-era crackdown on crypto that was happening at the time, there was a lot of chaos in almost every company in the industry. As an investor, we saw a lot of companies go through pandemic-era startup craziness, and Polymarket was no exception.
But Shayne disclosed every dollar he spent, which turned out to annualize to about a software engineer's salary. That's including the flights, none of which were personal flights. Plus, SHAYNE STARTED the accounting and payback process, no one “found” it. In aggregate, it was nothing that an investor would balk at. He paid it back to the company in full, and then got on a normal salary like everyone else.
It was an accounting problem, not an integrity problem. It was not a big deal.
Polymarket has had growing pains, no doubt. It went from a small fledging startups to one of the most explosive consumer brands in America. But Shayne has leveled up alongside the company, and as investors we have total confidence in him.
Enough of this stupid FUD.
The end.
United Club
Cons: ugly, bad food
Pros: almost exclusively old people, quiet, not crowded, provide justification for $95 annual card fee
spent the last decade shitposting about fintech and my most popular tweet ever is about bottled water at the airport
Wirecutter has become so unserious
First piece of gossip I want out of Money 20/20: which VC fund ran off the runway causing the ground stop at LAS? @mikulaja is on the case already I’m sure














