Jack and Nick

But owning skinny jeans, ironically, helped drive sales of Align leggings. It's a reminder that when it comes to launching products, there's going to be stuff that's just outside your control.

But owning skinny jeans, ironically, helped drive sales of Align leggings. It's a reminder that when it comes to launching products, there's going to be stuff that's just outside your control.

But owning skinny jeans, ironically, helped drive sales of Align leggings. It's a reminder that when it comes to launching products, there's going to be stuff that's just outside your control.

For our second story, Chime, the banking app, just filed to IPO. So we jumped into the paperwork and discovered something wild about an NBA basketball team. We'd also argue that Chime is the McDonald's of banking because every industry needs a McDonald's. So Jack, what is the hottest area in tech right now? Well, if you asked AI, they'd say it's AI. But we would say it's fintech.

For our second story, Chime, the banking app, just filed to IPO. So we jumped into the paperwork and discovered something wild about an NBA basketball team. We'd also argue that Chime is the McDonald's of banking because every industry needs a McDonald's. So Jack, what is the hottest area in tech right now? Well, if you asked AI, they'd say it's AI. But we would say it's fintech.

For our second story, Chime, the banking app, just filed to IPO. So we jumped into the paperwork and discovered something wild about an NBA basketball team. We'd also argue that Chime is the McDonald's of banking because every industry needs a McDonald's. So Jack, what is the hottest area in tech right now? Well, if you asked AI, they'd say it's AI. But we would say it's fintech.

Financial technology is booming right now. Robinhood stock has tripled in the past 12 months. Coinbase is joining the S&P 500. eToro just IPO'd, and the stock is sitting up 20%. Which leads us to Chime, the online banking app that filed to IPO just a few days ago. So over the weekend, we jumped into the financial paperwork.

Financial technology is booming right now. Robinhood stock has tripled in the past 12 months. Coinbase is joining the S&P 500. eToro just IPO'd, and the stock is sitting up 20%. Which leads us to Chime, the online banking app that filed to IPO just a few days ago. So over the weekend, we jumped into the financial paperwork.

Financial technology is booming right now. Robinhood stock has tripled in the past 12 months. Coinbase is joining the S&P 500. eToro just IPO'd, and the stock is sitting up 20%. Which leads us to Chime, the online banking app that filed to IPO just a few days ago. So over the weekend, we jumped into the financial paperwork.

And now Yeti's Chime is a green-colored banking app, just like, you know, every fintech app out there these days. And they offer a long menu of banking products and services like checking accounts, savings accounts, loans, credit cards. And here are the key numbers. $1.6 billion in revenue, not quite profitable yet, but the losses are shrinking fast.

And now Yeti's Chime is a green-colored banking app, just like, you know, every fintech app out there these days. And they offer a long menu of banking products and services like checking accounts, savings accounts, loans, credit cards. And here are the key numbers. $1.6 billion in revenue, not quite profitable yet, but the losses are shrinking fast.

And now Yeti's Chime is a green-colored banking app, just like, you know, every fintech app out there these days. And they offer a long menu of banking products and services like checking accounts, savings accounts, loans, credit cards. And here are the key numbers. $1.6 billion in revenue, not quite profitable yet, but the losses are shrinking fast.

And in 2021, when they last got a fundraise, they were valued at $25 billion. Funny thing, they mentioned the word bank 931 times in their IPO paperwork. Hilariously, though, the first time they used the word bank was to say this, Chime is a technology company, not a bank. But then they said bank 930 more times.

And in 2021, when they last got a fundraise, they were valued at $25 billion. Funny thing, they mentioned the word bank 931 times in their IPO paperwork. Hilariously, though, the first time they used the word bank was to say this, Chime is a technology company, not a bank. But then they said bank 930 more times.

And in 2021, when they last got a fundraise, they were valued at $25 billion. Funny thing, they mentioned the word bank 931 times in their IPO paperwork. Hilariously, though, the first time they used the word bank was to say this, Chime is a technology company, not a bank. But then they said bank 930 more times.

So Chime, they're telling consumers they're a bank, but they're telling investors they're a tech company. Yeah, we want a tech multiple, not a banking multiple. But here's what Jack and I found fascinating. The biggest surprise in the numbers was basketball. Chime paid the NBA $33 million. Yes, they did. Get this, Yetis.

So Chime, they're telling consumers they're a bank, but they're telling investors they're a tech company. Yeah, we want a tech multiple, not a banking multiple. But here's what Jack and I found fascinating. The biggest surprise in the numbers was basketball. Chime paid the NBA $33 million. Yes, they did. Get this, Yetis.

So Chime, they're telling consumers they're a bank, but they're telling investors they're a tech company. Yeah, we want a tech multiple, not a banking multiple. But here's what Jack and I found fascinating. The biggest surprise in the numbers was basketball. Chime paid the NBA $33 million. Yes, they did. Get this, Yetis.

Right as the company filed to IPO, they also became the jersey sponsor of the Dallas Mavericks. And that's symbolic of big marketing spend for this little growth company. In fact, we noticed that Chime dropped 500 million bucks on sales and marketing last year. Not too shabby. That's 31% of revenues, though.

Right as the company filed to IPO, they also became the jersey sponsor of the Dallas Mavericks. And that's symbolic of big marketing spend for this little growth company. In fact, we noticed that Chime dropped 500 million bucks on sales and marketing last year. Not too shabby. That's 31% of revenues, though.