Andrew Escobar
@andrewefintech exec, open banking persister • board leadership & good governance • former director open banking @mx, corporate director @ciranews
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I wish I had found this thread in January, to explain the fundamental challenge faced by the fintech I was advising. The founder had built a “hard” fintech (lending) but they needed to have built a “soft” fintech first for product discover.
I’ve spent a lot of time thinking how to best advise and invest into fintech companies, and over time have come up with a few mental frameworks to assist myself. Here’s one of them:
To what extent does this alleviate the burden placed on smaller businesses by this sales tax holiday? implement & undo, returns, delays…
whoop
Implementing the HST in 2010 cost businesses (both big and small) money, time, and effort — but moving Ontario to a value-added tax made sense economically, if not politically. A months-long GST holiday is just bad public policy.
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