The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified cover image

446. Why Fewer is Better; Pursuing a Frictionless World, The Value in Reframing Everything (Phin Upham)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

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Navigating Open Banking and Business Dynamics

This chapter delves into the challenges of open banking in the US, highlighting the reluctance of banks to adopt it and the resulting friction in the economy. It contrasts the business landscapes in the US and international markets, examining how specialized startups flourish in the US, while emphasizing the importance of trust and innovation. The discussion also critiques the oversaturation of choices in finance, advocating for personalized options that enhance decision-making.

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