The one constant is change

September 11, 2023

Companies are constantly maturing and evolving and often times things reach a point where the processes, policies, and practices that got them there need to be revamped to help them reach their next stage. Sometimes this stems from growth in the team's size, other times it's the result of fundamental changes in the business. Still, the theme above all else is a willingness and desire to adapt and change.

In this week's all hands, we're going to go through a number of these changes that reflect where we're headed and not where we've been. A few of the highlights below:

• Broker Dealer: With our newly acquired broker dealer license, there are no shortage of benefits but also additional operational overhead we need to accommodate, whether it's continuous training or additional monitoring of activity

• Business Model: The way we report our financials seems to change every year but it's as a result of our business itself becoming more complex and our ability to monetize more aspects of our business. With the broker dealer, the marketplace, and the software, it's now more well-delineated than ever.

• Team Structure and Policies: We're all here at a startup because we appreciate the agility and flexibility it affords us but at the same time we shouldn't shun all things that are corporate as it's these processes that have helped them manage teams much larger than us. Things like career progression are invaluable to know and while it can be considered more "corporate," the clarity is also appreciated.

We should aspire to look and feel like the company we want to become and in this time of transition, we need to look within ourselves to prepare for what's in store for us in the coming months.