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I believe it was tried already with My Rich Uncle https://en.wikipedia.org/wiki/MyRichUncle https://en.wikipedia.org/wiki/MyRichUncle. They folded in 2009.
by snomad 11y ago
I believe it was tried already with My Rich Uncle https://en.wikipedia.org/wiki/MyRichUncle https://en.wikipedia.org/wiki/MyRichUncle. They folded in 2009.
- theodorewiles 11y agoMRU looks like they pivoted to private student loans, and then got caught up in the credit crunch, so I don't know if it's a perfect comp. It was probably just a lot easier to latch onto the largest-growing consumer finance sector than to try and sell an actually innovative product against a heavily subsidized existing alternative.