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Paul Erlanger

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  1. 20VC with Harry Stebbings54 min

    How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong

    Fred Wilson, Paul Erlanger, Harry Stebbings

    FOMO, a mobile trading app with a flat organizational structure and 17 employees, raised $75 million in Series B financing at a $550 million valuation led by Index Ventures and Union Square Ventures to fund vertical infrastructure integration. The company distinguishes itself through a social graph that enables global trading of crypto, equities, and prediction markets while utilizing AI tools to accelerate engineering output without expanding its junior workforce. By treating top performers as an extended founding team and rejecting traditional acquisition tactics for high-value creators, FOMO aims to become a compliant, decentralized alternative to legacy brokerage models.