We do have an official, set-in-stone standard at this point:įor game folders (higan, sd2snes*), it's: I can't do anything about people clinging to six-year old emulator builds The problem is that a lot of people decided to stick with bsnes v073 (or forks of it), which was released in 2011 or so. It took a while to perfect how to implement game folders, so unfortunately there was a lot of variance right at the beginning (specifically in the fine tuning of the manifest syntax.) Look to see these companies move into incorporation (Stripe Atlas), cap table (Carta) and fundraising (AngelList) as they look to create a neo-SVB which consolidates all the services a founder needs from the very first moment of company formation.My only real concern about this is that there seem to be an ungodly ammount of ways MSU-1 can implemented in a hack As Mercury, Brex, AngelList, Stripe, Carta and Ramp attempt to aggregate startup demand and sell more products in their customer base, their offerings have begun to overlap, turning partners into frenemies and a new competitive set that will no doubt intensify in competition over the coming years.aggregated demand for hotels by dominating Google search results, which forced hotels onto their platform and gave the ability to get 5% commission on each transaction. Mercury is becoming the of startup banking, aggregating demand using free checking accounts and the best banking experience to commoditize suppliers (partner banks) who pay for access to Mercury’s customer base. Compare with Brex which also monetizes with pure B2B subscription SaaS, selling their expense management software Empower to enterprises. Contrary to the banking business model of borrowing short and lending long, as a software company, Mercury generates revenue from (1) revenue sharing with partner banks on deposits, (2) interchange on their debit and credit cards (3) international wire fees and foreign exchange and (4) revenue sharing of the interest rate on venture debt.Speed and safety drove companies to Mercury and Brex, which as neobanks, are both designed to absorb depositors at scale and diversify funds across multiple partner banks for FDIC coverage ($3M and $2.25M respectively) and money market funds. SVB got unbundled during COVID and then unwound completely in 48 hours, with Mercury and Brex initially emerging as the primary beneficiaries, with Mercury adding $2B+ in deposits and thousands of customers in a week.Similar to consumer neobanks like Chime ( $1.85B revenue in 2022), Mercury and Brex launched as UI layers on top of infrastructure products like Marqeta (Brex credit cards), Synapse (Mercury banking) and Lithic (Mercury IO credit card), substituting easy-to-use digital products in place of people-driven services and verticalized to best serve a specific customer segment. SVB’s growth left it vulnerable to bottom-up disruption from Mercury and Brex (both founded in 2017), which offered bank accounts and corporate cards to underserved startups outside the core Silicon Valley clique (e.g., international startups).Over 40 years, SVB accumulated more than $200B in total assets across the startup/VC ecosystem, with Valley institutions like Sequoia, Kleiner Perkins, and Stanford Research Park serving as feeders. Silicon Valley Bank (SVB) was founded in 1983 to serve an unattractive segment of commercial banking, companies with zero revenue but large deposits-otherwise known as venture-backed startups.
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