This week at Social Leverage...

The Social Leverage Letter | Issue #216

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3 articles & 1 video

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READING

IncomeConductor rolled out advanced annuity modeling that lets advisors integrate existing annuities into holistic retirement plans, linking income projections to taxes, RMDs, and client reporting with greater precision. Separately, Archive Intel (Fund IV) launched a free Microsoft Dynamics 365 integration for compliant communications archiving, while Vanilla was approved for Cetera Financial Group advisors, expanding access to digital estate planning tools and attorney support.

Multicoin (SLAF) argues that past fintech innovation focused on distribution and UX while relying on closed, legacy banking rails, leading to commoditization, high costs, and thin margins. They contend that stablecoins and permissionless finance fundamentally change the infrastructure, drastically lowering launch costs and enabling a new wave of highly specialized fintechs that can profitably serve narrow, underserved niches with better unit economics.

The article explains why $150–$300M acquisitions are an “awkward” exit zone in venture, where founders often achieve life-changing outcomes while late-stage investors face muted or negative returns due to misaligned incentives. It argues that this structural tension pushes companies toward suboptimal decisions and encourages founders and employees to manage dilution, timing, and liquidity more deliberately to avoid getting trapped in the middle.

WATCHING

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