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Was the use of your team necessary due to the political and regulatory capture, however? I don't know what you did, and I don't want to besmirch it. So let's t
by AaronFriel 4y ago
Was the use of your team necessary due to the political and regulatory capture, however?
I don't know what you did, and I don't want to besmirch it. So let's take a recent "successful" project: OMNY, the new transit fare system in NYC.
That system cost the New York Metropolitan Transit Authority over three quarters of a billion dollars. $772,000,000.
To put that in comparison, the point of sale payment processor Square raised 170 million fewer dollars over from seed to series E and does fifty times as much payment volume.
There is a staggering amount of inefficiency in these projects, and I suspect it's because of capture.