Monzo in the Media

My strong advice on travelling would be not to attempt the whole world in 90 days :sweat_smile: unless you just love flights I guess

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I swear some bloke did it in 80 days once upon a time :laughing:

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:crossed_fingers:t3::crossed_fingers:t3::crossed_fingers:t3::crossed_fingers:t3:

Not sure if this would come to down to COps level though :sweat_smile: but would be the dream.

He did although he had the slight advantage of being fictional :smile: Which I imagine makes a lot of things a lot easier to accomplish.

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Lonely Planet seem to think it is possible

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Oh yes it’s certainly possible, I mean you can do it in about 2-3 days if you really want. It just isn’t a very good idea

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I’m all for employee benefits and holiday, but this is a pretty bold move considering the company has yet to make a single pound of profit…

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They could be in profit and could have been for months as far as we know. We only hear of it annually.

The staff holding the fort should be considered whilst growth is the intent. Business can’t grow without staff, treat them well they will stay.

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I like your optimism…

Makes a nice change for a bank not to be making a huge profit from other peoples money …

Seriously? You do realise that a business ultimately has to make profit… investors will eventually get tired of losing money.

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Not necessarily. Starling announced the month it became profitable. By the time the annual report came around everyone knew it had been profitable and was expecting it to have continued being profitable.

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That was how Starling wanted to do it and I’m sure if Monzo was awarded the bounceback scheme they’d probably be quids in too (total guess).

This year is the year I reckon :crossed_fingers:t3:

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Very much agree. I’m sure the moment Monzo becomes profitable they’ll be announcing it, increases their value for one.

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Uber was growing at a phenomenal rate in that time too though, it was becoming the worldwide go to for a taxi app and trouncing it’s competitors.

It’s difficult to compare that to a bank that exists in one or two markets and has lots of competition really. All the fintechs know they need to find a profitable model to succeed, which is why they are all trying to.

Indeed, several people have done it.

For instance, it was done in 1989 by Michael Palin who was followed by a BBC TV crew.

I believe a female journalist was the first to do it in 1889.

People have sailed around the world in about half that time now, not a huge surprise it’s possible by airplane. 53 hours is the record for commercial flights apparently.

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I was listening to the All In Podcast, which is hosted by 4 VCs, who know their stuff, and the average time from start up to profitability is about 12 years, and most VCs are comfy with that. Considering Monzo are only half way through that, and moving in the right direction in terms of growth and revenue, we should all collectively chill out.

This does seem also to be a British thing, and why British tech firms try not to IPO in London, because of this attitude towards the time needed.

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I suppose I should put a flag on my posts to indicate level of seriousness …

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Emojis can help convey tone :slight_smile:

Emojis can help convey tone :roll_eyes:

Emojis can help convey tone :angry:

Emojis can help convey tone :see_no_evil:

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