HN Explorer

3 comments

[ 3.0 ms ] story [ 159 ms ] thread
jonhershman
If you ever want to start a bank, you have two options:

1. Build one from scratch 2. Buy an existing charter

For both options, you will need a robust business plan, an all-star team, a ton of capital, and most importantly - a ton of patience. I write more about how to do it here:

https://easilyamused.beehiiv.com/p/want-start-bank

downrightmike
Or you can just engage a bank and use their services like PayPal and Venmo do
jonhershman
depends on what you want to do. If the goal is to lend money to small businesses, banking will allow you to do this at the most competitive rates.