“The Great Unwinding”

What happens when start-ups, with little to no revenue and absolutely no profits, see a complete collapse in funding? Some are calling this “The Great Unwinding”. Not toally fintech related, but highly relevant. About a five-minute read.

Comment: regular readers will know I’ve long been skeptical of many Fintech startups. Anyone with a decent elevator pitch and a crappy idea could secure funds, and lots! So what will happen now? Big banks will buy liquidated assets and IP and, likely, quash many great ideas.