"Age of Miracles"

Vance Roush is the founder of Overflow. Overflow builds infrastructure that makes generosity frictionless across every major asset class. The inspiration for Overflow came from Vance's other calling -- he's the founder of Vive Church, an Bay Area based church that now has over 4,000 members across 10 locations.

As Treasure of Vive, Vance realized that the church's tech-focused congregation had no easy way to donate non-cash assets--like stock--to the church. He also knew that non-cash donations were the most advantageous from a tax perspective. So he built Overflow. Overflow makes it easy to donate non-cash assets to nonprofits and churches -- unlocking generosity from contributors and opening up new sources of funding for organizations that need it most.

In this wide ranging conversation, Packy and Vance cover everything from the nature of eternity to the nitty gritty of 501(c)((3) tax codes. They also discuss Overflow's opportunity to unlock billions of dollars of generosity, the company's GTM strategy, and why giving can and should be as cool as angel investing.

If you enjoyed this episode, please consider subscribing, rating, and sharing with your most Not Boring friends!

SPONSOR:

Season 2 of Not Boring Founders is sponsored by FTX.

You may know FTX because of its innovations in crypto derivatives or its ultra-rich & altruistic founder, SBF -- but what you may not know is that the FTX App is available in the US for all crypto traders...and that it's the cheapest exchange out there, with no minimum, ACH, or withdrawal fees.

The company is moving fast and now offers crypto trading (Bitcoin, ETH, SOL, DOGE, etc) and supports NFTs -- and is releasing new products seemingly every month.

Download the FTX App today, invest $10 and get a free coin from FTX in exchange.

Use this download link and enter code "notboring" when you sign up to redeem the offer.

Fount is running the Elon Musk Company Formula on health.

The Starting Point is that healthcare is broken – we spend too much money on managing diseases versus preventing or curing them, and we rarely optimize for performance. We’re wasting human and financial capital.

Today, Fount is in the “Sustainable Business Model” phase. Just like rich people have always been happy to spend on nice cars, they’ve also always been happy to spend on things that make them look, feel, and perform better. At $5,000 per month to start, Fount generates strong margins on real, and rapidly growing, revenue.

Fount 1.0 funds the Company Innovation, directly and with VC dollars. Fount’s innovation is that it will be the first organization – company, government, or university – to figure out how to collect the experimental data needed to build predictive models. The company’s best estimate is that that will take 5,000 people. You can be one of them.

That data will help Fount build predictive models of the brain and body that deliver real, measurable results to large numbers of people via software. If it pulls it off, the models will be the Match That Ignites an Industry.

It will take a revolution in the way the industry approaches health and a wave of companies building powerful solutions on top of good data and models to get to that future. Many companies will build on top of Fount’s platform, others will compete.

If Fount is able to successfully ignite the industry, it could mean achieving the Goal of putting a big chunk of the $4 trillion we’d normally spend on healthcare annually in the US alone to more productive uses, helping people reduce stress and tension and increase self-understanding, and giving people the tools to maximize their potential (while still enjoying life to the fullest).

The Result of the Goal, if everything goes just right, will be to optimize people so that we can build an amazing future together.

---------

To try Fount for yourself, you can skip the waitlist by signing up with the Not Boring link or apply for the Fount Not Boring Scholarship for a free year.

---------

Thanks to our presenting sponsor of the audio verion of Not Boring: Masterworks. 

Thanks to Composer for sponsoring the Not Boring newsletter: Invest with Composer.

Rohit Mittal founded Stilt to give loans to immigrants and underserved people for whom traditional underwriting models didn't work. He came to the US as an immigrant and experienced the pain of establishing credit without any, and after years of working within the system and learning, he built the product to fix it. That meant rebuilding everything -- new underwriting models, license, tech stack -- and stitching it all together. 

With the rise of embedded finance and banking-as-a-service, it turns out that the stack Rohit and team built from scratch was really valuable to a lot of companies who wanted to start extending credit to their customers. At first, Rohit helped some YC companies figure out how to do it, but enough of them were asking -- and just wanted an easy API they could plug in -- that the company built a product: Onbo.

Onbo lets companies build credit products without a bank sponsor, in weeks instead of months or years, for a fraction of the cost. Despite just coming out of stealth, the new business line is growing like wild. 

On today's episode, Rohit and I dive into the nuts and bolts of spinning out company infrastructure as its own product, why GTM motions are so different in API-first and consumer, and much more.

If you like this episode, consider leaving us a rating in your podcast player of choice and telling your friends! 

Flow, the blockchain for open worlds created by Dapper Labs, is a normie blockchain.  In a world in which L1s are battling for 300 million crypto users, going for the other 4.7 billion internet users is crazy differentiated enough that it just might work. 

You can read the full essay at Not Boring.

Thanks to our presenting sponsor, Masterworks. 

Abrar Ul Haq is the co-founder of Tazah, a B2B agricultural marketplace that provides access to market and access to capital to millions of farmers in Pakistan and in the middle east region. Prior to Tazah, Abrar and his co-founder worked at Careem, a regional super app that competed with Uber, beat it in its home region, and then got acquired by Uber. In this episode, Abrar shares the lessons he learned at Careem and how he's applying them to building a fast-growing marketplace. 

Today, Quaestor is announcing a rebrand to Standard Metrics and a fresh $23.7 million Series A to build the data and relationship graph for the private markets. 

In this episode, we'll discuss why the private markets, and especially venture capital, needs an Entropy Wrangler, and the two key strategic decisions that Standard Metrics is making to ensure that it becomes the platform on top of which private markets investing apps are built. 

You can read the full post at not boring. 

Neuro-ID and Alloy are teaming up to tackle the $721B in estimated losses from identity theft, stop fraud ring attacks, and create smoother experiences for good customers. We dig into the direct fraud problem and the even bigger problem caused by stopping good actors who want to purchase. Plus, Jack and Tommy share how a partnership like this comes together in the first place. 

Disclosure: Neuro-ID is a Not Boring Capital portfolio company. 

I recently read two books on quantum physics by Carlo Rovelli: The Order of Time and Helgoland. While this isn't a quantum physics podcast, I think they're actually useful to think about in our context in three ways.

You can read the full piece at not boring.

Thanks to our presenting audio sponsor, Masterworks.

In five years, Snappr has gone from graduation photography to the leading on-demand marketplace for professional photography and now, to end-to-end visual content workflow software used by many of the world's largest companies and marketplaces.

You can read the full post at Not Boring.

The American Dream is on life support, but it's not dead. We need to stop focusing so much time worrying about protecting peoples’ downsides and start spending more time working on getting more people more upside. We can revive the American Dream by making ownership an explicit economic strategy.

You can read the full post at Not Boring. 

Thanks to our Presenting Sponsor, Masterworks.