jonhershman

3 ms·

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by jonhershman 3y ago
Humans will be paid based on their contribution to artificial intelligence. In other words, you can get paid to be you as a service. My latest blog post: ------- I love the new year because it brings a shot of adrenaline to a lot of people’
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by jonhershman 3y ago
Neobanking is an industry with tons of competition and low switching costs. Which means customer acquisition costs are high. High customer acquisition costs are OK if those customers are sticky. To get a customer to stick, Neobanks need to:
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by jonhershman 3y ago
depends on what you want to do. If the goal is to lend money to small businesses, banking will allow you to do this at the most competitive rates.
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So You Want to Start a Bank?(easilyamused.beehiiv.com)
2 points by jonhershman 3y ago|3 comments
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by jonhershman 3y ago
If you ever want to start a bank, you have two options: 1. Build one from scratch 2. Buy an existing charter For both options, you will need a robust business plan, an all-star team, a ton of capital, and most importantly - a ton of patienc
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A bank for YouTubers? The neobank playbook(easilyamused.beehiiv.com)
3 points by jonhershman 3y ago|1 comments
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by jonhershman 3y ago
As big banks get bigger, an opportunity opens up for smaller neobanks to take market share by focusing on smaller niche populations. Neobanks will use technology so well that their customers will happily pay a premium to bank with them. I p
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Neobanking: The Golden Opportunity(easilyamused.beehiiv.com)
41 points by jonhershman 3y ago|43 comments
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by jonhershman 3y ago
There's a golden opportunity for tech led banking. 1) less barriers to entry, 2) more cost effective, 3) only need small customer bases. While neobanks and traditional banks offer most of the same products, their business models are di
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Less banks and more banks(easilyamused.beehiiv.com)
7 points by jonhershman 3y ago|7 comments
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by jonhershman 3y ago
I have been building in the digital banking space for awhile now. Given the stress in today's banking system, there is massive business opportunities in the neobank space. Neobanks can command premiums for niche customers, but they hav