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20VC: Retool Founder, David Hsu on Why YC Is Helpful Pre Product-Market Fit but Not Post and Why VCs Are Not Helpful Pre-Product Market-Fit but are Post, Why it is Difficult to Become Unprofitable if You Set Yourself Up For Profitability Early & Why VC Th
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Innovating in Payment System
While studying at Oxford, the speaker identified the inefficiencies in the UK payment system and developed a project similar to a Venmo app. Despite gaining users and recognition, the project was unsustainable financially as they were losing money for every transaction made through the platform. This experience highlighted the challenge of scalability in business ventures.
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