Mengxi Lu @mengxilu Twitter profile | Pikagi

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Mengxi Lu

@mengxilu

12,513

Followers

2,398

Following

1,075

Media

12,246

Statuses

Head of Macro at @kanmonhq , we are hiring! | Bug fixes and performance improvements | Email: contact (at) | @DukeU

lumengxi.eth

https://t.co/NEfX8i8sqC

Joined March 2010

Don't wanna be here? Send us removal request.

Pinned Tweet

@mengxilu

Mengxi Lu

3 years

We are hiring for many roles at @KanmonHQ : - Engineering (Typescript/Nodejs/Data/Infra/DevOps) - GTM (lead, account exec, sales ops/analyst) - Head of customer success - Head of BD Come to build the future of commercial credit infra with me and @rnsharma ! DM is open!!!

@mengxilu

Mengxi Lu

3 years

Come to work with me to build the next generation of fintech infrastructure. We are on a mission to unlock 1-trillion-dollar of working capital to accelerate the global digital economy. DM is open!

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Last Seen Profiles

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@baghashati46018

@mengxilu

Mengxi Lu

3 years

If Elon Musk stopped drinking Starbucks after college and saved the money, he would be able to buy 10% of Twitter instead of just 9.2%.

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@mengxilu

Mengxi Lu

5 years

Enterprise sales/customer success team helping clients launch POC 😂

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@mengxilu

Mengxi Lu

3 years

Square buying Afterpay in all stock is the ultimate demonstration of how buy now pay later works

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@mengxilu

Mengxi Lu

7 months

What a headline

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@mengxilu

Mengxi Lu

4 years

Just imagine working at Square this week: * Bitcoin is back at $50k * We are a bank now * We bought a music app and Jay-z became board member And it is just Thursday

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@mengxilu

Mengxi Lu

3 years

This joke is above my paygrade

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@mengxilu

Mengxi Lu

8 months

Stripe's EBITDA profit is $100M, and they processed roughly $1 trillion in 2023, which means their profit margin is 100m/1tn = 0.01%. Can't believe this is a $65bn company.

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@mengxilu

Mengxi Lu

3 years

VC investing process: founder under 28 yrs old? / \ yes no / \ does founder meh speak v fast? / \ yes no / \ lead small check

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@mengxilu

Mengxi Lu

1 year

Innovation in Fintech

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@mengxilu

Mengxi Lu

3 years

Jack has fully transitioned from Twitter CEO to a Twitter user.

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@mengxilu

Mengxi Lu

2 years

Found this gem of "How Slack Decides to Send a Notification" flowchart. This is a perfect example of "how hard could that be..."

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@mengxilu

Mengxi Lu

2 years

Announcing my first co-investment with ⁦ @sequoia ⁩ and ⁦ @a16z ⁩!

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@mengxilu

Mengxi Lu

2 years

So Bain advised top VCs on due diligence during the bull market, and advised big tech cos on layoffs in a bear market. Just amazing.

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@mengxilu

Mengxi Lu

11 months

If this is true, we know that OpenAI has 40 people on H1-B Visa

@nonmayorpete

Pete

11 months

738 of 778 employees have signed the employee letter to the board. Phones must be ringing off the hook for the remaining 40.

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@mengxilu

Mengxi Lu

3 years

Damn. thoughts and prayers

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@mengxilu

Mengxi Lu

6 years

Zoom' story is inspiring, but if you are impressed by their capital efficiency, also check out $VEEV (Veeva): - Raised $7M seed from @emergencecap and angels in 2003-2004 - Went public in 2013 - Current market cap is $17.9b $7M is all they raised before going public.

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@mengxilu

Mengxi Lu

8 months

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@mengxilu

Mengxi Lu

3 years

VC: “do you have a technical cofounder?” “Yes, @Github Copilot”

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@mengxilu

Mengxi Lu

4 years

Happy Diwali everyone!

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@mengxilu

Mengxi Lu

4 years

@erenbali Hi @erenbali I know you are fond of storytelling, just want to clarify a few things for others follow along. As someone who worked at Apple in 1995: the success of iPhone wasn't bc of rectangle design, it was bc I made blue the default wallpaper for homescreen

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@mengxilu

Mengxi Lu

3 years

The AUM of BlackRock by the end of 2020 is roughly equivalent to the entire global hedge fund, private equity and venture capital industries combined

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@mengxilu

Mengxi Lu

4 years

This is why MSFT is in talks buying TikTok

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@mengxilu

Mengxi Lu

4 years

Tencent made over $120 billion in 2020 from its holdings on minority interests of 100+ listed companies. 🤯

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@mengxilu

Mengxi Lu

4 years

Time to burn this book to the ground

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@mengxilu

Mengxi Lu

3 years

The year is 2030, Doritos launched Doritos Pay™ to compete against Cheetos Checkout™

@MGTalksRetail

Michelle Grant

3 years

My first Facebook Pay spotting.

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@mengxilu

Mengxi Lu

5 years

Startup idea from being a new dad: I would pay $$$ for an AI product that can learn and translate baby cries to a list of actionable items 😭

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@mengxilu

Mengxi Lu

5 years

There could be a multi million dollar industry around cleaning up AirPod cases

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@mengxilu

Mengxi Lu

5 years

Top fintech companies out of YC (ranked by valuation) 1. Stripe (S09) 2. Coinbase (S12) 3. Brex (W17) 4. Newfront (W18) 5. Wepay (S09) 6. Payfazz (S17) 7. ClearTax (S14) 8. Axoni (W14) 9. Flutterwave (S16) 10. FutureAdvisor (S10)

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@mengxilu

Mengxi Lu

6 months

My ARR just increased 5% from the time you flipped from the 7th to the 10th slide of my deck. That's how fast we are growing.

@peter

Peter

6 months

Founders, please proofread your slides. When your ARR numbers contradict each other on different slides, it does not inspire confidence in either your revenue quality or attention to detail.

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@mengxilu

Mengxi Lu

3 years

This is probably the only web1 design that still exists today

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@mengxilu

Mengxi Lu

4 years

VC: how much progress you have made on product development? Fintech founder raising series A:

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@mengxilu

Mengxi Lu

5 years

#TIL Zapier, founded in 2011, 200+ employees, $50M ARR and 3 million users, has raised only $1.3M so far.

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@mengxilu

Mengxi Lu

3 years

Building a life insurance product for Stripe competitor founders, 10k+ on the waiting list and growing fast. DM if you are investors in this space!

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@mengxilu

Mengxi Lu

3 years

The year is 2030, people connect to 50+ crypto wallets so they can send money and shop online in web3

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@mengxilu

Mengxi Lu

4 years

Startup idea: infrastructure to enable every API companies to have a SQL interface for their data-rich API products

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@mengxilu

Mengxi Lu

3 years

Come to work with me to build the next generation of fintech infrastructure. We are on a mission to unlock 1-trillion-dollar of working capital to accelerate the global digital economy. DM is open!

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@mengxilu

Mengxi Lu

2 years

This is the future of money but it is still difficult for average consumers to do so. I am working on a startup that helps you mint your SSN with just one click. DM me your name and ssn for early access.

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@mengxilu

Mengxi Lu

4 years

A venture-backed fintech startup has been profitable for 4 straight years?! this goes against everything I know about fintech

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$5 billion fintech firm TransferWise posts fourth straight year of profitability

CFO Matt Briers said TransferWise "could list right away," but is in no rush for an initial public offering.

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@mengxilu

Mengxi Lu

5 years

Wow, Intuit is buying Credit Karma for $7bn. What a week for fintech.

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WSJ News Exclusive | Intuit Near Deal to Buy Credit Karma for $7 Billion

Intuit is near a deal to buy personal-finance portal Credit Karma for about $7 billion in cash and stock, pushing the company behind QuickBooks and TurboTax further into consumer finance, people...

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@mengxilu

Mengxi Lu

3 years

Convincing in-network folks to join your startup is 10x harder than convincing VCs to invest

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@mengxilu

Mengxi Lu

3 years

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@mengxilu

Mengxi Lu

4 years

The more I use Zoom/Google Hangout the more I believe video is completely unnecessary

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@mengxilu

Mengxi Lu

5 years

I deeply believe that the next wave of consumer FinTech startups will not be in US or China, it will be in: 1. Indonesia 2. India 3. South Africa 4. Brazil

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@mengxilu

Mengxi Lu

4 years

Citi global CFO just published this powerful piece "I can't breathe". Rarely see a large institution taking a stand like this, much respect #GeorgeFloyd

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@mengxilu

Mengxi Lu

3 years

VC: “we don't invest in lending business, period” Also VC: “BNPL for healthcare? Net 30 for wholesalers? Affirm for B2B payments? We LOVE these deals”

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@mengxilu

Mengxi Lu

8 months

This post is a perfect example of a niche tweet suddenly entered a much bigger TAM

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@mengxilu

Mengxi Lu

5 years

The fact that Apple's first consumer banking product was a credit card while Google's would be a checking account, tells you a lot about how they think about their core consumer base

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@mengxilu

Mengxi Lu

2 years

My oldest one kept wanting to release his brother’s birthday balloon, I don't know how to tell him that the last thing I want is a story of balloon over Oakland airport and it was from a Chinese family

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@mengxilu

Mengxi Lu

3 years

This dude is raising a pre-seed for a fintech idea, DM me your TS.

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@mengxilu

Mengxi Lu

4 years

It has never been easier to start a fintech company. It has never been harder to scale a fintech company.

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@mengxilu

Mengxi Lu

3 years

"We use alternative data to establish a moat in our credit underwriting"

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@mengxilu

Mengxi Lu

5 years

Goldman Sachs is launching Banking-as-a-Service soon

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@mengxilu

Mengxi Lu

3 years

Make something Visa/MasterCard want

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@mengxilu

Mengxi Lu

5 months

Wow they just sentenced Trump to be a H1-B visa holder

@TristanSnell

Tristan Snell

5 months

Donald Trump now cannot: - vote - serve in the military - get a security clearance - visit most other foreign countries Tough to see how he can be president, right?

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@mengxilu

Mengxi Lu

2 years

Thoughts and prayers to SaaS founders who raised at peak multiples in 2021, and took out a loan from Pipe, and moved money to crypto-based treasury platforms.

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@mengxilu

Mengxi Lu

3 years

Last weekend I took a look at all the angel investments I've done in the last few yrs, among all the "best performing" ones, almost none of them had a smooth and blockbuster seed round. Success came from non-stop grind, instead of external validations from VCs. Keep building.

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@mengxilu

Mengxi Lu

3 years

Founder: “everyone is building risk-on real-time payments, we enable merchants to get paid even before the transaction happened!” “Loan, you invented loan”

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@mengxilu

Mengxi Lu

3 years

BNPL for gas fees

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@mengxilu

Mengxi Lu

3 years

A good friend is building an exciting fintech startup, can only reveal the tag line for now: ---------- Grow Now. Pay Later. ‍Much Later.

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@mengxilu

Mengxi Lu

4 years

The best time to join Plaid was 7 years ago, the second best time is now

@danprimack

Dan Primack

4 years

Breaking: plaid and visa terminate merger agreement.

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@mengxilu

Mengxi Lu

4 years

"This is a feature, not a product"

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@mengxilu

Mengxi Lu

4 years

After talking to our VC friends, my wife and I have decided to only talk to each other via APIs

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@mengxilu

Mengxi Lu

3 years

I just have one quick question to whoever designed this Ninety Five theme for @Stripe Checkout: Who hurt you?

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@mengxilu

Mengxi Lu

2 years

@viveksworld Not true, I paid but they sent me a 25-page PPT on how to install a toilet

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@mengxilu

Mengxi Lu

4 years

Been packing stuff recently and found this gem from the old files. If you know you know.

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@mengxilu

Mengxi Lu

3 years

Took me almost 2 years to get my visa sorted out to go thru a risky fundraising process and start my own company. This will change lives and create jobs 🙏

@meliarobin

Melia Russell

3 years

SCOOP 🍿 A Silicon Valley lawmaker and venture capitalists are teaming up to create a startup visa, providing a path for immigrant entrepreneurs to stay. The bill will be introduced on Monday. Details here.

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@mengxilu

Mengxi Lu

4 years

Do any VCs (funds) do any post-mortem on deals they passed but shouldn't have? Curious what that looks like.

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@mengxilu

Mengxi Lu

4 years

Core banking software 🙃 How it started. How it’s going.

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@mengxilu

Mengxi Lu

5 years

Our little bundle of joy has arrived! Introduce Yiyang Lu (路熠扬) 👶 @_linglingchen_ did an incredible job yesterday! And We are very grateful for all the warm wishes ♥️

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@mengxilu

Mengxi Lu

5 years

@shl "I don’t think the auditors will ask for this”

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@mengxilu

Mengxi Lu

4 years

The pitch: "think of this as Plaid for content, one API to get internet content in structured data" Me: "RSS, you invented RSS"

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@mengxilu

Mengxi Lu

7 months

As a founder, I am freaking out right now.

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@mengxilu

Mengxi Lu

3 years

Startup hiring: soft yes is a no

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@mengxilu

Mengxi Lu

3 years

Thoughts after getting 180+ DMs from 1 tweet: 1. Can't believe this site is free 2. Can't think of any other products that are more broken than Twitter DM

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@mengxilu

Mengxi Lu

4 years

The "Buy with Pay" experience is truly magical

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@mengxilu

Mengxi Lu

5 years

I have a lot of N95 face masks, I will give you 10 face masks in exchange for 1% of the equity of your next startup.

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@mengxilu

Mengxi Lu

4 years

I have a brilliant idea that nobody has thought of before: API to access payroll data

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@mengxilu

Mengxi Lu

4 years

The theme of VC twitter today is "skin in the game"

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@mengxilu

Mengxi Lu

4 years

Why fintech pitches are all coming in by themes now? April: ACH fraud May: Plaid for Payroll July: SaaS contract securitization Is there a Google calendar I can subscribe to?

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@mengxilu

Mengxi Lu

4 years

My 10-month old is done with these two books, where can I find ”fintech for babies” next?

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@mengxilu

Mengxi Lu

8 months

@cjc Disagree, that’s not what my twitter follows said

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@mengxilu

Mengxi Lu

4 years

Can not believe this content is free. The payments 🐐 Tien-Tsin Huang breaking down the payments software and payfac-as-a-service thesis and opportunities. (h/t @MAustin4249 )

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@mengxilu

Mengxi Lu

5 years

Want to try something new this year. I'd like to write at least 1 blog post per month *with a friend*: pick up an interesting topic and collab w/ someone who also has interesting thesis in that space. The idea is to make new friends by learning something new from each other.

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@mengxilu

Mengxi Lu

5 years

Airbnb: charge $80 cleaning fee while "please make sure you take out the trash and wash the dishes before you leave" 🙃

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@mengxilu

Mengxi Lu

4 years

Go big or go B2B.

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@mengxilu

Mengxi Lu

6 years

@epaley Power Points vs. Powerpoint

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@mengxilu

Mengxi Lu

3 years

The new @CRV scout 😍

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@mengxilu

Mengxi Lu

5 years

Have been living in the US for almost 10 years and I still don’t understand why vision, dental and personal health need to be 3 different insurance

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@mengxilu

Mengxi Lu

5 years

LendingClub is acquiring Radius Bank. $185M for: 1. A core banking platform w/ decent number of clients using its BaaS APIs 2. A suite of commercial lending and treasury management products 3. A direct relationship with key regulators What a steal.

LendingClub Announces Acquisition Of Radius Bank

/PRNewswire/ -- LendingClub Corporation (NYSE:LC), America's largest online lending marketplace connecting borrowers and investors, today announced that it has...

www.prnewswire.com

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@mengxilu

Mengxi Lu

4 years

Someone should just create a syndicate called and invest in every single ACH startups (analytics, fraud, chargeback, automation, etc.) in the next 5 years.

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@mengxilu

Mengxi Lu

8 months

@findmyke your math is wrong, it is a 0.004% margin biz, horrible.

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@mengxilu

Mengxi Lu

4 years

The FinTech VC dilemma: Consumer pitches: CAC is for losers, this should pivot to B2B B2B pitches: this doesn’t seem to have the same TAM as a consumer play

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@mengxilu

Mengxi Lu

3 years

Instead of raising a $1M seed, I would rather getting $50/month from value-add investors for the rest of my life

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@mengxilu

Mengxi Lu

5 years

PayPal just got the green light to take part in the emergency SBA lending for small businesses. 🚀

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@mengxilu

Mengxi Lu

3 years

It is that time of the year that the internet is reminding you: 1) you are over 30 years old 2) you haven't achieved anything 3) you are over 30 years old

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@mengxilu

Mengxi Lu

5 years

FinTech for seniors

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@mengxilu

Mengxi Lu

4 years

SBA’s most recent guidance on #PPP loan submission

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@mengxilu

Mengxi Lu

2 years

Enterprise sales delivering values to customers

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@mengxilu

Mengxi Lu

4 years

Today is a rough day for all Asian kids living in the US. Their parents just found out that Doordash was founded by three second-gen Chinese Americans who all went to Stanford.

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@mengxilu

Mengxi Lu

3 years

2022 is the year of Tiger according to Chinese zodiac. So was 2020 and 2021 according to VC zodiac

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