To be honest those requirements sound perfect for a scrappy startup. Just enough of a moat to deter 99% of drive by hackers, but within the reach of any reasona

To be honest those requirements sound perfect for a scrappy startup. Just enough of a moat to deter 99% of drive by hackers, but within the reach of any reasonably serious startup. - £1,500 application fee - €50,000 own capital requirements If you're aiming to play in this league you really should be able to scrape together this kind of money. - 3 months wait Can also be seen as a 3 month delay imposed on your competitors. Of course if you're aiming to use the API for your own personal needs only- then yeah, these requirements suck.