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Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don’t like Airbnb because they like staying in five-star hotels, not sleeping on people’s couches.

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Peter Thiel

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If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That’s why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.

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The big challenge with Internet financial services has been that it’s very difficult to get large numbers of customers to sign up for your service.

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May 21, 2024

The big challenge with Internet financial services has been that it’s very difficult to get large numbers of customers to sign up for your service.

Previous

May 21, 2024

If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That’s why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.

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