2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Plaid and Column Co-Founder, William Hockey on Why the Brands that Win in Fintech Will Not Be Financial Services Brands, What US Banking Can Learn from China & Why Companies Can Be Built Slower than People Think?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

Do You Want to Lose Money?

The Fed just moves money from one account to another. But in order for that to actually hit your bank account, it requires a huge amount of intermediaries. The reason is because banks aren't technology companies, right? They are simply just abstractions on top of the Fed.

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