Important lesson about going up against large companies

No, actually they weren't. Yes, they are a big company and quickly growing, but that's only because they were purchased by Braintree five months after launching for $26.2 million. Braintree is owned by PayPal, which is owned by Ebay; both huge companies.

I doubt Venmo could have grown as big as it has without being acquired by a large company early on, which was probably part talent acquisition and part technology acquisition.

Don't get me wrong, $26.2 million is a great payday for only having launched for 5 months, but that early acquisition does not prove that Venmo can compete with large companies like Paypal.

I forgot to include a link to the article about Venmo:

http://www.forbes.com/sites/natalierobehmed/2013/07/02/venmo-the-future-of-payments-for-you-and-your-company/

Well there's a reason Braintree bought Venmo so it was doing something right. The truth is Venmo got quite a lot of traction starting off the gate, something we'll have to see about Clinkle.

When Braintree bought Venmo, Braintree was still independent. PayPal bought Braintree for 800M shortly after.

Personally I think Clinkle's fucked. Not because of the industry but because its clear they don't know WTF they're doing.

Well the product they are launching with is totally different from what it was initially supposed to be. I guess they couldn't develop what they promised. This is part of the reason why their head of engineering quit I guess; he realized they were bullshitting.