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E43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay, future of fintech & more
All-In with Chamath, Jason, Sacks & Friedberg
The Future of Financial Services for Consumers
If you think about financial services for consumers, i would argue thees five general categories there's banking, lending, trading, crypto and insurance. I have a big thesis in the big belief that over the next decade, we're going to see those five categories start to merge,. You're going to have three to five super powers that are going to offer a consolidated stack of services. Teefy: The canary in the coal mine is who will be given a federal banking license because that is the only gait that the authorities have to king make as to who those consolidators will be.Teefy: If you look at any company like amazon or shop ifi where you
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