Pmarca on Versabanq

Okay, not really. But he does have a great quote that I think is relevant:

The exception comes when an industry has gotten so old and ossified that the clear opportunity exists to up-end it and introduce a new order, a new way of doing things, and therefore a new set of companies.

In some industries this happens routinely -- e.g. every 10-20 years. This is the case in technology, for example, and financial services.

-- Pmarca