Process

Process

The Main Roadblocks to a Government-Sponsored BitCoin:

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In a previous post we discussed the plausibility and benefits of a government-backed digital currency, particularly one based on the cryptocurrency model. We found that while the available technologies and protocols are highly promising, central banks still need to overcome some big hurdles before they could truly roll out the concept. On one side, such system will need to prove its efficacy in terms of performance to businesses and banks. On the other side, it also needs to show consumer-level users how it would be more secure and convenient to use in everyday transactions than current forms of money.
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How is Fintech bringing finance back to its roots?

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To some extent, the FinTech movement is not necessarily an all-out revolution. Indeed many FinTech solutions bear marks of the traditional roots of retail banking. For instance in our last post we mentioned Peer-to-Peer (P2P) platforms and the shift towards frictionless transactions and disintermediation. While the former is undoubtedly a product of new technology advances, the latter is not at all novel. Effectively P2P platforms could be more accurately viewed as a transparent and frictionless version of the traditional financial intermediary model. Read More

The Start-up Diary Part 2: Founder Depression

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Premise: you are the CEO of a hot and well-funded start-up, in your early twenties to thirties. The press has started referring to your company as the next big break to watch. Sounds all good? Not quite. Investors are pushing fervently for more and more growth, but you are unsure whether the company can technically and operationally handle the expanded amount of service. You don’t know which business processes can stay relatively unchanged and which need to be upgraded. You can’t tell who in the firm is delivering good services and who isn’t. Worse still, time isn’t on your side. All of these quickly pile up while you are pushed to the edge of your nerve. Eventually you suffer from the “founder depression” syndrome *
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The Start-up Diary Part 1: Growing Pain

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Growth by default is the number one priority for start-ups. Understandably, the only reason why investors would want to put money into businesses with no collateral is capital gains. While the average investment’s required churn out is usually a reasonable 10-20% annual ROI, venture capitalists expect start-ups to grow at a substantially higher, and in some cases near impossible, rate. What this means for the young business is that operation will always have to be pushed towards a constant growth goal when many of their processes are not yet ready for the job.

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