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When most people were busy with startups in the early 2000's I knew a group of people who started a bank. Boring as it gets, lots of red tape, but once it got g
by rdtsc 8y ago
When most people were busy with startups in the early 2000's I knew a group of people who started a bank. Boring as it gets, lots of red tape, but once it got going it was profitable.
- venantius 8y agoFundamentally, banks are scale businesses (much like most technology companies). Expensive to start, but once you've got the product / regulatory infrastructure in place your marginal revenue is really low-cost.