Juan Llanos reached out on twitter to remind me of one very important point following my recent post on regulatory issues. Being regulated, being in compliance, getting the proper license, however painful, should be viewed as competitive advantages – I certainly make that point with all startups I mentor. After all, regulation is one of the main reasons banks have survived in many market challenges to date.
Juan puts it much more elegantly than I would in this “must read” post on his blog. Thanks for sharing Juan.