Tech Thursday reposted this
"If you're a founder building a startup and you're complaining about the government or regulation, that's a victim mentality." Rob Khazzam does not do excuses. I sat down with Rob (Float) and Jeff Adamson (Neo Financial) at the Tech Founders Stampede Summit w/ Tech Thursday and HOUSE 831. Two founders who built directly into an industry that has barely moved in a century. What came out of it: - Canadian banking has been frozen for 150 years. It costs about the same to bank today as it did then. - Five players own 96% of the market. - Both of them want more competition. Including the competition coming for them. Jeff's told the story of how Neo refused to charge Non-Sufficient Fund fees. The government noticed, asked why the incumbents were charging $45 for the privilege of being broke, and capped it near $10. A fintech did the right thing and the law followed. Rob's version is operational. Six weeks, not six months. Five minutes, not five business days. "We're cockroaches." Full recap in the comments.