The decision process of a venture capitalist
The decision process of a venture capitalist
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91 operating are over and that embracing the ‘ new normal ’ of work , life and play is the best course of action . As the economy begins to recover , it could be the technology and fintech sectors which end up the big winners .
“ Since the Global Financial Crisis of 2008 , fintech – financial technology – has turned into a massive industry and is changing all areas of payments , banking , and finance . Virtually every small business , even a farmer at a farmer ’ s market , accepts credit cards thanks to companies like Square . APIs ( application programming interfaces ) exist to provide real-time visibility into bank accounts , brokerage accounts , 401ks , loan balances , and anything else that touches currency .
“ A very complex problem is reduced to several hundred lines of code , aided by tools that nearly every small merchant in the United States uses . None of this would have been possible in 2008 , but the technology is there in 2020 . We need to act quickly to make sure our small businesses make it to 2021 .” From Andreessen Horowitz ; Alex Rampell , General Partner . www . fintechmagazine . com