How to disrupt Wall Street

January 23, 2010
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Sarah Lacy has a very interesting post on TechCrunch where she conjectures that the internet is finally starting to disrupt Wall Street. I’d love nothing more than to see Wall Street get nailed by the internet the way, say, publishing and advertising have.

While I agree on the big picture, I disagree with some of her specifics. She cites Mint and Square as examples of startups that potentially disrupt Wall Street. As I see it, these companies have merely built nice UI’s to Wall Street: Mint connects to your banks and Square to Visa and Mastercard and the bank that issued the credit card. If people at farmers’ markets use credit cards instead of cash, that means more money for Wall Street, not less.

I would argue the best way to try to disrupt Wall Street is…

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