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Comparisons with first in class are often the death knell for new kids on the block
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Young black politician, Chuka Umunna, was described in 2009 as Britain’s answer to President Barack Obama.
Key facts
- Revolut’s latest fund raise valued the firm at $75bn and Storonsky has spoken of a future IPO which could value the business—if someone doesn’t buy it before then – at north of $200bn
- Young black politician, Chuka Umunna, was described in 2009 as Britain’s answer to President Barack Obama
- Excited people” include Jamie Dimon, the CEO of JPMorgan Chase, who warned against missing the significance of fresh thinking
- The fact that many banks only allow transaction settlements between the hours of 9am and 5pm, Monday to Friday, should raise eyebrows in a globally connected, 24-hour world
Summary
Comparisons with first in class are often the death knell for new kids on the block. Storonsky is the founder of Revolut, a trading and banking business that has already reached that holy grail of consumer penetration they like it’s competitive—so the reporter doesn't think they can replicate exactly the same factors . “Excited people” include Jamie Dimon, the CEO of JPMorgan Chase, who warned against missing the significance of fresh thinking. Investors have noticed. “Nik’s vision originally said the single, global, financial super-app,” Carlesi said.