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Colton Dillion 🎩
@cadillion
Hey everyone, I have bad news: @hedgehog is shutting down at the end of this month. There will be an email going out in the morning, but I just published to the blog. If you want to read more about what's expected this month, the newsletter is here: https://blog.hedgehog.app/hedgehog-shutdown-letter-150/
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Cherry_BlossoⓂ️
@ansakrghtn
Please tell me why it's ending understandably
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Colton Dillion 🎩
@cadillion
The basic gist is that we couldn't find enough customers with enough assets to pay our bills. Why that is, I could write a few pages about, but the short version is that regulations in the US were unfriendly and it scared off a lot of traditional firms and HNWs that were otherwise interested in deploying capital.
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Kieran Daniels 🎩
@kdaniels.eth
Proud of you guys. Hedgehog is a valuable product and a great idea. This is a hard thing to navigate but the one door closing so another can open saying is real.
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Colton Dillion 🎩
@cadillion
Thanks fren, it's been tough to finally let it go, there's always another opportunity on the horizon, but the cost of foregoing other opportunities has just been growing over time. It'll be good to finally put it to rest.
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Kieran Daniels 🎩
@kdaniels.eth
lmao.. i knew you were at hedgehog and degen but just saw you worked out Acorns Our iOS consumer app was basically Acorns built on gnosis safe backend with yearn yield, using plaid/stripe and Wyre onramp. https://youtu.be/xVq3j6bSeKs
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Colton Dillion 🎩
@cadillion
Ah, amazing! It's a darker world without it. Teller looks sweet though, I've been pushing momentum accounting startups since 2014 or so when I realized there was a pattern at Acorns where people would run out of cash before they got their paycheck at EOM so they would withdraw their investments to pay their bills. Any streaming pay, lending, insurance is where it all needs to go, imo
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Kieran Daniels 🎩
@kdaniels.eth
Teller is awesome! I was fortunate to have the founder of Teller as a friend and seed investor in Streams and that was my top pick after letting go of that. The plan was always to integrate time based lending (teller) into the self custody buying power layer we built with Streams. Insurance also was always something we really wanted to cook into it, but Nexus and the others were too risky back then. Imma DM you later with something we are working on RE: the cash advance stuff 👀
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