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The CAGR of 45% is nuts, but I think it's concerning when Banks start using the same lingo and mindset that startups use.
by wyxuan 7y ago
The CAGR of 45% is nuts, but I think it's concerning when Banks start using the same lingo and mindset that startups use.
- abcpassword 7y agoThe amount invested in startup type projects is nothing compared to normal business costs. Without adopting a startup like mentality when appropriate, a bank will spend 100M to put a webpage on the internet.
- CryptoBanker 7y agoCAGR is a widely used finance term applicable to literally any company. Doesn't mean anything here
- wyxuan 7y agoyeah but i was referring to the growth or bust mindset that allows for CAGRs like 45%