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| ▲ | makeitdouble 18 minutes ago | parent | next [-] |
| Have you ever tried to pay a bank to do something for you ? Trying to get some scale, you're hypothesizing about giving 10 millions to HSBC to make business with your startup, when they're throwing away 500+ millions every year just to cover their money laundering. https://www.investopedia.com/stock-analysis/2013/investing-n... And we're discussing doing this for basically every major banks. |
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| ▲ | charcircuit 5 minutes ago | parent [-] | | But what what I'm asking for is only a small amount of engineering time to add 1 line to their gradle and change 1 line in their app's code. This isn't a deal spanning many engineering years doing on going work and having to measure how effective things are. It's a small change plus the overhead of making a deal and getting through the beurocracy. |
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| ▲ | bossyTeacher 43 minutes ago | parent | prev [-] |
| Where do you think the creators will get this money from? Look at existing ones, they are cash strapped as they are, paying a million to get an app over beyond their budget, let alone 10 million |
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| ▲ | charcircuit 25 minutes ago | parent [-] | | Investors. Trying to become a new competitor in an established industry often takes a large amount of capital. If you tried to create a business to compete in another industry, you'd also need to find investors or other forms of financing if you are cash strapped. |
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