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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? Some seemed panicked.

FDIC 78
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

Online payment service. HQ: Denver, Colorado. Online insurance broker. Self-employment tax payments. Distributed ledgers for financial community. Tags: SMB, payments, tax prep, accounting. HQ: Shenzen, China. Source: Crunchbase. Latest round: $15 million Series B. Total raised: $15 million. AssetRover.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

HQ: Denver, Colorado. Community platform for investors. HQ: Denver, Colorado. Tax preparation technology. Tags: Consumers, tax prep, personal financial management. Source: Crunchbase , WSJ. P2Binvestor. Crowdfunded credit lines for small businesses. Latest round: $5 million Debt. Total raised: $6.4 Tradesocio.

Company 12
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242 Startup Failure Post-Mortems

CB Insights

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Raptr, the online optimization platform founded by former pro gamer Dennis “Thresh” Fong a decade ago, is about to be shuttered.

Company 78