ROFL. Well worth the 6 minutes to watch this…
This is an interesting story at the intersection of regulatory oversight and technology enabled business models. Personally, I really like the P2P startups but I wonder about the potential for abuse in these networks and the backing company’s willingness to regulate the markets if the net effect is to reduce activity.
But this so-called peer-to-peer lending, which until recently seemed that it might offer a reliable source of money in this calamitous economic environment, is now experiencing a squeeze of its own.
From an email I received today:
“The country’s economic crisis has had a serious impact on business, and tech companies are no different. However, at least one sector of the tech world seems to be thriving– business software.”