"When I go to Silicon Valley…they all want to eat our lunch. Every single one of them is going to try,"- Jamie Dimon, Feb 25 2014, JPM. Investor day conference Nine years later, Jamie Dimon’s Chase has eaten the starter & lunch of neobanks and then finished off Silicon Valley Bank for dessert.
I feel like there are interesting parallels to be drawn with the "new age media" (Vice, Buzzfeed). From afar, they looked like they were "digital-native" and "relevant to the new generation's aspirations". At the end of the day, they went bankrupt (maybe because all of their content was free?) and The Economist has over a million paid subscribers.
We’ll only know the true outcome of this fight when the digital natives grow up a bit and become more significant players in the economy. It was too early to call their victory and still too early to call their demise.
I feel like there are interesting parallels to be drawn with the "new age media" (Vice, Buzzfeed). From afar, they looked like they were "digital-native" and "relevant to the new generation's aspirations". At the end of the day, they went bankrupt (maybe because all of their content was free?) and The Economist has over a million paid subscribers.
We’ll only know the true outcome of this fight when the digital natives grow up a bit and become more significant players in the economy. It was too early to call their victory and still too early to call their demise.