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A comment on Startups Once Showered with Cash Now Have to Work for It. Parent comment

Re:Startups Once Showered with Cash Now Have to Work for It by hughw on Saturday May 21, 2016 @03:35PM (#11745860)
From a 2014 WSJ article [1] : "Spanish banking giant Santander in July announced a $100 million venture capital fund to invest in fintech start-ups globally, and a few months ago HSBC allocated up to $200 million for investment in early-stage tech companies with the aim of improving its technology."

[1] http://blogs.wsj.com/digits/2014/08/04/banks-lure-fintech-st...

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Re:Startups Once Showered with Cash Now Have to Work for It by morgante on Saturday May 21, 2016 @04:03PM (#11745966)
These are literally drops in the ocean for banks and VC in general.

Banks invest in VC the same way that auto manufacturers do: to suss out potential innovations and/or to have inside access to future disrupters. They don't do it for the returns.

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