Spoiler 😎 : find a brilliant founder and wrap a great team around that person – and you’ve given your new venture the best possible chance of success. Or take the easy way out and work closely with an existing startup as a partner.

Our #banking niche is extremely difficult to change, but that doesn’t mean that transformations are not there and are not already happening. The only question is whether the banks should wait for someone among them to make the first big profit from this kind of partnership or whether they should take that leap of faith and explore the possibilities for themselves.

What do you think?

Reposted from Sifted

The Goldilocks problem, misaligned incentives and brain drain are the most common reasons for failure. This is how you avoid them. 
Read the article.

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