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A comment on Stop Building Apps and Start Disrupting Industries.

Re:Stop Building Apps and Start Disrupting Industries by nhebb on Monday May 16, 2011 @11:17AM (#2552778)
There are complete industries built on creating zero value for the world (investment banking).

Maybe he's watched one too many Oliver Stone movies, but I don't think he understands the importance of investment banking. While SV VC's provide capital to startups on a comparatively small scale, investment banks provide capital to businesses on a much larger scale. Love 'em or hate 'em, they do provide a much needed service to our economy.

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Re:Stop Building Apps and Start Disrupting Industries by silverlake on Monday May 16, 2011 @01:32PM (#2553353)
Depends on the area. Many banks act as middlemen for OTC trades that could and should be on an exchange. They purposely scuttle public exchanges because it would eliminate their lucrative fees.
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