TransferWise's Hinrikus on Profitability, U.K. Startups

The video discusses the journey to profitability for Transferwise, highlighting the importance of maintaining strong unit economics and the impact of market changes on startup funding. It compares the risk appetite of European and US startups, noting that European companies often focus on profitability sooner. The video also covers Transferwise's expansion strategies and the potential impact of Brexit on business operations, particularly regarding talent access and regulatory passporting.

What is the key factor that the company believes will lead to profitability?

• Diversifying product offerings

• Increasing marketing efforts

• Reaching critical scale

• Reducing operational costs

How does the company view the relationship between growth and profitability?

• They are mutually exclusive

• Growth should be prioritized over profitability

• Profitability should be prioritized over growth

• They can be mutually beneficial

What market change occurred 1-2 years ago according to the transcript?

• Increased funding for startups

• A shift towards sustainable growth

• A decline in investor interest

• A focus on rapid expansion

Which company is mentioned as being close to profitability?

• Uber

• Airbnb

• Transferwise

• Lyft

What is a characteristic of the European entrepreneurial mindset?

• Focus on rapid growth

• Cautious approach towards risk

• Preference for large-scale investments

• High risk tolerance

What is one of the main concerns for businesses regarding Brexit?

• Reduced market size

• Access to talent

• Increased taxes

• Higher operational costs

What is the company's stance on its headquarters location post-Brexit?

• Remain committed to London

• Move to the United States

• Establish a new headquarters in Asia

• Relocate to another European city