[Editor’s note: This is a guest post from Caribou Honig. Caribou is one of the founding partners of QED Investors, a FinTech focused Venture Capital firm, that has made several investments in the marketplace lending space.]
American Banker recently published an article on the prospects of Banks vs. FinTech arguing the scale and long history of Banks would lead them to prevail. As a former bank executive and now partner at a FinTech venture capital firm, I see the battle fought every day and read the article with keen interest. I believe it overstates the importance of scale and experience, and it reminds me of a similar argument for your consideration:
Dinosaurs vs. Mammals? No contest, Dinosaurs Win.
The post-meteor rise of mammals in recent years is nothing short of remarkable. The media headlines charting mammalian progress in just the past year might even have you think that the end of the age of dinosaurs is here. But that assessment is dead wrong.
What is often overlooked is how much mammal’s advancement relies on the established dinosaur ecosystem. Yes, innovations such as fur and live-bearing of young are driving much of vertebrate evolution. But dinosaurs are — and will remain — squarely at the apex of the animal kingdom for some time.
Here are four reasons why mammals still face big challenges in competing with dinosaurs.
Dinosaurs have been around (and so have the flora they eat)
Dinosaurs have been the dominant family (among those with backbones) for 200 million years and will continue to be so well into the future. They are far too ingrained within the ecosystem to be removed within any foreseeable time frame. There’s a history of symbiosis between dinosaurs and plants that mammals are still eons away from rivaling. [Read more…]