The Twenty Minute VC (20VC) · Saturday, June 27, 2026
Paul Erlanger disagrees with the 'financial super app' theory, arguing that platforms like Revolut or Robinhood are too bundled and lack intentionality. He believes Fomo's strength lies in its social graph and the ability for users to express specific theses across different market types, such as on-chain assets, equities, and prediction markets.
“Why do you not agree with the financial super app theory? You know, if you have a Revolut or a Robinhood or a new bank or any of these big providers where it's the bundled provider that wins. I trade on Revolut today. Why is that the wrong approach?”
“Because everything at means not intentional. It means let's just throw everything in there for the user to access. What is the glue between these things?”
“Well, Fomo is a social graph. We think that you can express a thesis. I think that the trade of Harry's is going to close. Well, I can buy oil on hyper liquid perks. I could short US equities that are reliant on oil. I can buy the prediction market that the trade is going to close. And I can express my opinion on all these different things.”