It amazes me how many business plans we get that basically ignore a distribution strategy. It’s probably more amazing what obvious omissions most business plans suffer in general, but in our space – underbanked financial services – distribution is quite common. It is not ok to merely make reference to…
Wabi Sabi, Wesabe
One of the Personal Financial Management (PFM) favorites, Wesabe, is shutting its doors. CEO Marc Hedlund wrote a doleful note to his users today. Understandably in denial of shuttering his business, he euphemistically referred to the “discontinuing the Account Tab,” instead. After five years and $4.7 million, all raised in…
Do be Square
The initial hype associated with Jack Dorsey’s Square appears to have waned. I’d like to add my 2c about how I think it can be game changing for the underbanked: to power millions of micro-merchants, to create wealth, to create an ecosystem of payments and credit services. An iPhone cost…