Thanks for the presentation W! Straight to the point and good overall view of the project.
Q: Do you have in mind a figure of how much more should we reinvest in the business? I understand it is not a fixed figure but if 50% margin is not an scenario to keep, what are your thoughts on this? And how should those bets be taken?
From Wences: we don’t have a Board, which usually is the one that makes these $$ decisions, and they want you use as much money as you can in an initial phase. At the end it’s Wences’ call and he is trying to represent the shareholder interest but at the same time the growth of the company. There is a pending meeting w Manolo to set up budget for 2021. Now that we have cash in the bank the idea is to secure a fixed amount of money from the results, maybe less than that (depends). So we could have… Read more »
Miguel Romero
5 years ago
Thanks for your time and the presentation, W! I’ve just arrived to the team, my first thought is that everything is transparent, everyone participates and all of you have a very honest and critical with the work. This is refreshing. I like it so much.
Sebastian
5 years ago
Very exciting how we are looking to increase our investing activities to make use of our good profit margin.
Q: I’m curious to know more about what makes bitcoin a good investment for us as a company? Also, are we looking into eventually doing other types of capital investments, like other companies to get access to IPs and technologies to add to our product?
From Wences: the decision that he took is because we had a lot of $$ in the bank and we had it only in one bank which wasn’t in a great position (Sabadell). We opened more bank accounts in other banks, splitting the money. We want liquidity. In the bank, it could eventually incur negative interest which is awkward. We have been looking into investing 10-20% and the rest will be liquid. Wences is very interested in BTC, and he saw that MicroStrategy made this big investment of part of their balance sheet into BTC, Square bough 50M USD, and… Read more »
Thanks for the presentation W! Straight to the point and good overall view of the project.
Q: Do you have in mind a figure of how much more should we reinvest in the business? I understand it is not a fixed figure but if 50% margin is not an scenario to keep, what are your thoughts on this? And how should those bets be taken?
From Wences: we don’t have a Board, which usually is the one that makes these $$ decisions, and they want you use as much money as you can in an initial phase. At the end it’s Wences’ call and he is trying to represent the shareholder interest but at the same time the growth of the company. There is a pending meeting w Manolo to set up budget for 2021. Now that we have cash in the bank the idea is to secure a fixed amount of money from the results, maybe less than that (depends). So we could have… Read more »
Thanks for your time and the presentation, W! I’ve just arrived to the team, my first thought is that everything is transparent, everyone participates and all of you have a very honest and critical with the work. This is refreshing. I like it so much.
Very exciting how we are looking to increase our investing activities to make use of our good profit margin.
Q: I’m curious to know more about what makes bitcoin a good investment for us as a company? Also, are we looking into eventually doing other types of capital investments, like other companies to get access to IPs and technologies to add to our product?
From Wences: the decision that he took is because we had a lot of $$ in the bank and we had it only in one bank which wasn’t in a great position (Sabadell). We opened more bank accounts in other banks, splitting the money. We want liquidity. In the bank, it could eventually incur negative interest which is awkward. We have been looking into investing 10-20% and the rest will be liquid. Wences is very interested in BTC, and he saw that MicroStrategy made this big investment of part of their balance sheet into BTC, Square bough 50M USD, and… Read more »