#192: Christopher Gimmer + Marc Chouinard

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8 • 764 Ratings

🗓️ 23 September 2020

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Marty as he sits down with Christopher Gimmer and Marc Chouinard, co-founders of Snappa, to discuss:

- Bootstrapping v. Raising funds from VCs

- Building many businesses and failing

- The decision to add Bitcoin to Snappa's balance sheet

- Why it's easier to move cash to Bitcoin as a small biz v. publicly traded companies

- Small business self-custody via multisig

- Asking, "What is money?"

- Canada's inflated real estate market

- Bullish sentiment

- Bitcoin education

- much more

Follow Christopher on Twitter

Follow Marc on Twitter

Check out Chris' piece on why Snappa allocated to Bitcoin as a Reserve Asset

Check out Snappa

Shoutout to this week's sponsors.

Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app.

Transcript

Click on a timestamp to play from that location

0:00.0	So, freaks, you're boy Marty here to introduce this episode of Tales from the Crypt.
0:04.0	Just Ripped It.
0:05.3	Posting it right away because I thought it was a very high-quality conversation.
0:08.5	And we got a lot of episodes in the docket.
0:11.0	I sat down with the co-founders of Snappa, Chris Gimmer, and Mark Schwinnard,
0:16.6	to talk about their recent decision to allocate some of their business treasury to Bitcoin.
0:24.6	A lot of talk about Michael Saylor, micro-strategy's allocation to Bitcoin has been going around the last couple of weeks.
0:30.1	I thought it would be interesting to sit down with a couple of small business owners
0:33.0	and talk about why they allocate to Bitcoin, how they came to the decision,
0:37.1	how they built the small business, excuse me, and a bunch of other things.
0:40.2	So you guys are really going to like this episode.
0:42.2	This episode is brought to you by our good friends at the motherfucking cash-up.
0:48.6	Cash app is helping us do many things.
0:50.2	They're helping us stack, sats, send sats, receive receive sats and sell sats. If you so please, we're saying sat, sat, sat, sat, stats. Because you can make sats the standard in the app.
0:57.6	We're no longer stacking or buying fractions of a Bitcoin. We're stacking sats, whole sats.
1:04.1	On top of this, you can DCA in the sats. If you want to set it and forget it you can buy sets daily weekly byweekly set it and forget it ease in dollar
1:12.4	cost average into sets uh while you just sit there and go about your day on top of that they have
1:17.3	cash app investing which lets you stack slivers of stonks if you're in the equities if you're in the stock
1:22.5	investing cash up is allowing you to get exposure to stocks as well and on top of that you don to buy a whole stock. Again, you can buy a sliver of a stunk as little as $1. On top of this, they have their boost program, which is a personalized debit card connected to your cash app. You go to partner merchants. You initiate the boost. You shop there. You save a little bit of money, and then you can stack sats with it.
1:46.1	At the top of this, this is all connect to your bank accounts.
1:48.0	There's no four to five day waiting periods.
1:49.9	You can start stacking sats, liver and stonks, and using the boost program today.
	...

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