Everything here is my personal opinion. I do not speak for my employer.
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.
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