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They picked the worst possible time in 80 years to start a new bank. It meant they couldn't actually get a banking certificate. This constrained every technical
by freddie_mercury 8y ago
They picked the worst possible time in 80 years to start a new bank. It meant they couldn't actually get a banking certificate. This constrained every technical choice & feature they wanted to offer.
I mean....I'm not sure there's a lot to learn from the Simple story beyond that.
- fwdpropaganda 8y agoWhy do you say it's the worst possible time in 80 years to start a bank?
- venantius 8y agoHe's referring to the time Simple started - in 2009, in the peak of the financial crisis and right after the Office of the Controller of the Currency initiated what is now nearly a 10-year moratorium on the granting of new national bank charters.