Exactly. There is not a biz (even a "lifestyle one"). Small highly fragmented market with high churn and low price is not a good recipe to build a business. Pl

Exactly. There is not a biz (even a "lifestyle one"). Small highly fragmented market with high churn and low price is not a good recipe to build a business. Plus, Fred is grossly underestimating the effort required. Just tracking & taxonomizing transactions is hard to do at scale. I'm a co-founder of CB Insights. We do everything (and more) Fred outlines but our price point is more institutionally oriented.