Banking Industry
topic on 3 shows · 4 statements across 4 episodes
Startups For the Rest of Us 
Big Technology 
20VC
4 statements about Banking Industry, every show
Storonsky: Global banking market will consolidate into a few tech-driven players
“Yeah, I think with time, in five years time, you, you'll see much less number of banks, and there are few global players.”
Siemiatkowski: High consumer switching costs drive legacy banking's excess profits
“A lot of the banking profits are generated due to the fact that the switching costs are so high and we're not willing to switch. And so the competitive pressure is actually lower than it's perceived to be.”
Rob Walling: Banking is one of the worst industries for bootstrapped founders
“The only thing that I would add is if you don't already have connections in the banking industry, I personally would stay away from it in terms of building software for it, because they are going to take months or years to adopt new things. And it's going to b…”