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"Building financial technology is hard. Really hard. Startups are always hard, but fin tech is a whole different level of self-inflicted pain. You’ll be regulat
by BallinBige 12y ago
"Building financial technology is hard. Really hard. Startups are always hard, but fin tech is a whole different level of self-inflicted pain. You’ll be regulated. You’ll deal with big banks. They’ll see you as little and cute until you’re meaningful. Once that happens, they’ll want to crush you out of existence."
- Max Levchin http://fortune.com/2015/03/27/max-levchin-hates-credit-cards/ http://fortune.com/2015/03/27/max-levchin-hates-credit-cards...
- erbo 12y agoBecause, at that point, you'll be seriously threatening the ability of the bankster fraudsters to keep stealing from the public.
- rcarrigan87 12y agoThis has been my experience in most industries. Once you gain traction the main players will do everything they can to stop you. Frivolous lawsuits are probably the most annoying tactic.