His non answer is an answer. Whatever the founders' intentions, the outside capital wants a return which means they're either going to become predatory or they'll sell their platform and users to someone who is.

You are unfortunately someone with a lot of pent up hatred and anger. I hope you find help. Good luck to you!

Side note - he spat in our camera operators face. Did drugs on set, yelled at other actors, and had many other complaints from good people. Go wave your flag elsewhere.

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Thank you.

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>But we do make money from traditional business lines in the brokerage industry, mostly linked to asset and cash balances on the platform.

We don't offer credit cards and don't have short selling. Stock loan is another traditional line of business we do not currently use but will as we grow.

As we scale, we keep the lights on from the outside capital we have raised while we prove product market fit.

But we do make money from traditional business lines in the brokerage industry, mostly linked to asset and cash balances on the platform.

Tech companies have to keep the computers turned on, and I'm bothered by your question dodge.

Are you making interest from your users' credit card debt?

Are you lending out users' shares to short sellers? Do you allow your users to short sell?

Revenue- we don't need no stinking revenue. We are a tech company!

Wow, this is fascinating. Im going to look deeper into this!

What are your other sources of revenue?

>Thank you! I answered a similar question below, here was my response:
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>
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>Its been a wild year, but we are super proud to be able to continue to serve the military community.
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>The Guild Foundation is just another tool in the tool kit that allows us to support our mission of increasing the financial health and wealth of the military community. The non-profit side is mostly focused on the education and financial literacy piece. We are trying to make everyone better investors, better strategists for growing wealth, and protecting assets. We are obviously focused on the military community and there are some unique aspects of military money, but most of the curriculum is just good financial practices delivered in a digestible way. Outside of the military there is a large need for finlit, but critical for those who have worn the cloth of the country. Can certainly make the argument there is nobody more deserving to participate in fruits of the American economy.
>
>One of the best things we have been able to do at the Foundation is take this show on the road. We have been touring the country going to bases and units to do in person financial literacy training. Just so much more effective when you can get in front of room of 150 sailors or marines and tell your story and then deliver the information. Its also the most fun part of the job!

We have thought along the same lines for a while. You only have to see the cities in ruins from shelling and miles of farmland left empty due to mining to know there is a huge economic need away from bullets and bandages.

Ukraine has 2 powerful industries: farming and tech. Capital needs to go to both to get thier economy back on track. I have called it the Plate to Plate need. First the Ulraininas need ballistic plates to defend the nation but soon they will need to find ways to put food on their dinner plates.

Would love to dicsuss it. Through our foundation we actually have 2 Ukraininas coming to the US for medical treatment.

Thank you! Its been a wild year, but we are super proud to be able to continue to serve the military community.

The Guild Foundation is just another tool in the tool kit that allows us to support our mission of increasing the financial health and wealth of the military community. The non-profit side is mostly focused on the education and financial literacy piece. We are trying to make everyone better investors, better strategists for growing wealth, and protecting assets. We are obviously focused on the military community and there are some unique aspects of military money, but most of the curriculum is just good financial practices delivered in a digestible way. Outside of the military there is a large need for finlit, but critical for those who have worn the cloth of the country. Can certainly make the argument there is nobody more deserving to participate in fruits of the American economy.

One of the best things we have been able to do at the Foundation is take this show on the road. We have been touring the country going to bases and units to do in person financial literacy training. Just so much more effective when you can get in front of room of 150 sailors or marines and tell your story and then deliver the information. Its also the most fun part of the job!

Congrats for your first-year anniversary. I heard Guild started a foundation and is doing some important work. May I ask what it does?

One of the projects we put together in Ukraine is a direct investment platform for Ukrainian farmers and small business.

Logic being- when war pops off all the bankers run for the coast. And crowd funding dries up like a drought at 90 days. But every war is eventually a war of economic attrition.

Ukraine proved they are stopping, so every dollar invested would be like a bullet shot 3 times.

We put together a portfolio of 7 million Ukrainian farmers that are still farming, they just need operating capital. And 10 million small businesses are supplying them in real time.

My buddy that introduced me to Jake was a CFO for blackrock so we thought- why not cut out the middle man?

Famine is coming. Investing in a farmer at 10% just makes more sense than diluting it into a compromised system controlled by a handful of hedge funds and brokers.

Before peer to peer money transfers it wouldn’t have been possible. But with the technology that comes with a 100% transparent DAO, and using Bitcoin and ethereum as the means to move capital fast with a fully transparent, open source backend and 98% efficient org structure, we could rewrite the rules of humanitarian aid.

From there it morphed into something bigger. Jim Mattis whom I respect immensely, was pulled into the theranos debacle because he trusted “authorities” in the financial sector but didn’t really know blood testing. Who does? Turns out a handful of scientists in that sector of healthcare but not really anyone else.

But if you rewrote the rules to Wall Street so that people could invest directly in the things they know and are passionate about, with a social media platform that looked like Instagram but functioned like Robinhood so you could watch your investment grow, identify issues early and effectively crowd source accountability, you could change the game forever.

And at the same time make waging war so financially unproductive that the rest of the world could just stamp it out by investing in the side of righteousness.

I was hoping to buy you guys a drink in Kyiv and get your thoughts. Nobody knows how predictable war is like soldiers. I think there is power in that and making some incentivized peace while we are at it.

>Congrats guys on the one year anniversary. Great job.
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>I heard that Guild started a foundation and is doing some important work. Can I ask what it does and for you to talk about it a bit?

We don't sell any funds or ETFs.

Crytpo has a small commission attached, but I am not a fan.

Mail in ballot - black ink stick. You?

It's a terrible model designed by Bernie Madoff that guarantees retail does not get a better price than the middle man. Good to hear you don't use it.

So, if there are no commissions, no advisory fees, and no PFOF, how do you keep the lights on? Are you selling your own mutual funds or ETFs with a relatively high expense ratio? Or do you charge commissions for options/derivatives?

Glad to see I’m not the only one who views all things finance from the seat of an intelligence community member

I appreciate the insight Sean!

War Paradox 📝 Stocks on sale 🧾

Great insight! Base towns are all the same :(

It seems that the big “vet friendly” finance institutions squeeze the young crayon eaters with low volume high interest rate loans to offer bigger, lower interest rate loans to military leaders. It’s pretty traceable to when enlisted recruit “training” depots opened.

I’m Very thankful for your transparent approach to this issue!! 💪

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