Chapter
Innovation in Payments and Fundraising
34:41 - 39:29 (04:48)
The real innovation in product development is eliminating steps to create something magical. Traditional fundraising structures can be simplified with the use of constraints, leading to the creation of a new rolling fund structure that reduces the number of steps needed to raise capital.
Clips
The real innovation lies in removing steps from a process, making it more convenient and accessible to everyone.
34:41 - 39:29 (04:48)
Innovation
Summary
The real innovation lies in removing steps from a process, making it more convenient and accessible to everyone. This is demonstrated in the example of how Square revolutionized payments by simplifying the process for merchants to accept payments.