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Funny thing about fintechs that are more tech than fin, they tend to go down right when you need them. Coinbase was a little like this in the early days. Exac
by thedudeabides5 7y ago
Funny thing about fintechs that are more tech than fin, they tend to go down right when you need them.
Coinbase was a little like this in the early days. Exactly when you would need market access (aka liquidity in or out) would be the time it would go down.
Kind of downtime that would get you fired at an investment bank in 2005 is seen as matter of course out in SF.
- gargarplex 7y agoSome people think that Robinhood front-runs its customers as well. I am not accusing them of that, and I am sure their policy is clearly outlined in their fine print terms of use agreement. The finance world is very different from the startup world. Hard work is very specifically made clear in the cultural expectations and people who fail to deliver are ruthlessly pushed out. Also, in finance, people reap the rewards of their hard work (and the firm's proportional financial success) annually in terms of cash bonuses. It's world's apart from startups, which are much "cooler" than finance.