Hi all, Julie here.

Well, it’s officially the first Friday of the summer! We’re going to start publishing our final post of the week a bit earlier to accommodate those of you that might be taking off a bit early on days like today. And in true summer Friday fashion, the news flow was a bit slower today as well. TLDR: this newsletter is short and sweet.

Sponsored By, Fundrise

Diversify Your Portfolio

While public real estate has been readily available to investors for years, Fundrise’s private real estate investments offer significantly deeper diversification and outsized performance potential — a true alternative to any public market asset.

Since 2012, the Fundrise mission has been to build a better financial system by empowering the individual. They make it easier and more efficient than ever for anyone to invest in institutional-quality private real estate — with just a $500 minimum investment. To date, Fundrise has transacted on over $5.1B worth of real estate on behalf of more than 150,000 active investors. Rest assured that your money is working for you and start diversifying with Fundrise today!

(Here's all the legal jargon we know you love reading.)

The News

MIT’s Bitcoin Experiment Nets Students Huge Returns

I love this story. In 2014, dubbed the MIT Bitcoin Project, every undergraduate on the Cambridge campus had the chance to claim fractional ownership of a Bitcoin. About 3,100 students took advantage. Today, the amount of Bitcoin that was given out would be worth more than $60M. It’s unclear how many students are HODLing, sold, or forgot they even had it.

Apple Getting Into Crypto?

Rumors are flying around Apple and crypto as someone found a job posting for a business development manager with a specialization in alternative payments. The job post mentioned that the ideal applicant will have a five-year experience “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency.” I mean, I think it’s a bit of a stretch for anyone to take this job posting as a direct indication that Apple is getting into crypto soon. I also have no doubt that Apple has people working there that have thought about how the firm could use crypto too. The far more likely scenario in the near term would be Apple pursuing BNPL and digital wallet options. That being said, if anyone has heard any more details around this, I’m all ears!

Marqeta Sets A Date

Marqeta officially has an IPO date! Get ready for the company to go public on the Nasdaq under the ticker MQ on the 9th. The card issuer’s platform plans to sell about 45.5M shares at $20 to $24 each, the prospectus for the deal said. This could change depending on how the road show goes, and we’ll get a final pricing on the 8th before the listing on the 9th. Will be interesting to see how this IPO goes now that the markets have cooled down a bit.

Trellis Raises $10M

Insurtech Trellis announced a $10M round led by QED Investors with participation from existing investors NYCA Partners and General Catalyst. The startup, which launched early last year, offers digital and secure insurance. Rather than offer the insurance directly, Trellis helps users find the best offerings online for their home and auto insurance.

image/svg+xml Prev Next image/svg+xml

FTT Update:

Why I Wish I'd Gone to MIT

FTT+ Expert John Collins:
Hello everyone, John here. First, though Julie mentioned it last week, thanks to ...
FTT Update:
This Newsletter Has Big Implications
Hi all, Julie here. Just got done recording a new podcast episode with Christina ...
What's Next In Open Banking
Hello hello everyone! Ian here again. You'll be hearing from me more often ...
Screen Shot 2021-07-19 at 10.35.56 AM.png
FTT Update:
Jack Dorsey, Elon Musk and Cathie Wood Walk Into A Bar
Hi all, Julie here. Happy Monday! Over the weekend, a piece I helped Mario from ...
Screen Shot 2021-07-16 at 10.33.31 AM.png
FTT Update:
How to Calculate A Neobank’s Valuation
Hi all, Julie here. Bad news: Jordan and I were robbed. Good news: We have renters ...
pasted image 0-2.png
FTT+ Expert Charley Ma's Blend S-1 Deep Dive
Hi everyone, Charley here. With all the hype in fintech around Robinhood’s upcoming ...

Don't miss out on any
news and updates!

Try it out now