Tweet Highlight Happy Labor Day to those in the US. Fred Wilson, a venture capitalist at USV sent out a noteworthy blog post today comparing the higher tax on labor (22%-24%) compared to capital (15%). Amazon took a step further into payments this week with its new Alexa command. This week has also seen lots of news in the challenger bank space. As the industry faces crunch time due to Covid, the path to breakeven, let alone profitability, looks tough.
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"Alexa, pay my gas"
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Tweet Highlight Happy Labor Day to those in the US. Fred Wilson, a venture capitalist at USV sent out a noteworthy blog post today comparing the higher tax on labor (22%-24%) compared to capital (15%). Amazon took a step further into payments this week with its new Alexa command. This week has also seen lots of news in the challenger bank space. As the industry faces crunch time due to Covid, the path to breakeven, let alone profitability, looks tough.