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What always boggles my mind about about startups like this is the fact that their very existence is dependent on a giant company that could roll over and squash
by rufugee 16y ago
What always boggles my mind about about startups like this is the fact that their very existence is dependent on a giant company that could roll over and squash the life out of them. Their first product was a pre-paid Mastercard...which implies that they actually had to approach Mastercard with their idea. The idea makes sense and is a bit of a no-brainer...and one can suppose that Mastercard themselves had both the technical capability and resources to do it on their own...so what stopped them? How can a small idea guy feel comfortable exploring ideas like this with large corporate giants?
- chopsueyar 16y agoGiants are not nimble.
- goatforce5 16y agoAs I understand it: Mastercard's customers are the banks, and not the end users who hold the cards with their logos on them. Their job is to operate a network that interconnects the banks so they can process transactions for each other. Them offering prepaid (or even straight-up credit) cards to end users directly would be a huge shift in how and why they do business.