“For my teachers, unfortunately, certain things were, as they are for you, only tales of power”
Carlos Castaneda

Tales of Power

Matt Mullenweg’s Bank

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It’s a great article by a visionary person about a future bank. There is one phrase that I couldn’t figure out:

SafeBank couldn’t raise VC or anything like that because having any sort of exit expectations would completely kill the safety story

Though I agree with the statement I  am not sure why/how it applies uniquely to safety. It seems to me that Venture Capital inherently threatens any interest that does not directly align with making a substantial profit – which pretty much squeezes the heart out of any VC funded undertaking. Granted Matt’s company Automattic seems to be doing good even though it’s VC funded. Matt knows something!

Read and enjoy

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