Union Sq ventures to lead $10m investment in Dwolla
betabeat.com
betabeat.com
What is Union Square Ventures betting on?
http://www.chicagotribune.com/business/breaking/chi-paypal-t...
When I referenced Paypal, I meant it in terms of what we traditionally think of as Paypals core business which is online payments made via checks, credit cards, and debit cards.
http://help.dwolla.com/customer/portal/articles/87210-dwolla...
What USV wants, USV gets.
18 U.S.C. 1960(a): "Whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of an unlicensed money transmitting business, shall be fined in accordance with this title or imprisoned not more than 5 years, or both."
I've seen you post in MULTIPLE threads about Dwolla and bit coin. Please stop. I've held my tongue for so long justifying it with "he has a valid point" or "maybe he is on to something"
The truth of that matter is you come across as bitter and you are pissing all over your reputation. They found a way to operate in a way you didn't think of so you filed suit against them and now are on a smear campaign to destroy them.
I promise you what you're doing will not stop them and only makes me and others think you are very bitter about the whole ordeal.
Please read PG's recent essay on resourcefulness. Think about how it applies to you. If I were in your shoes, I'd consider adopting their strategy (it's working after all!) and trying to out innovate them on the front end instead of trying to use smear campaigns and legal action to prevent innovation in a system we so desperately need.
The clever manner that Dwolla found to get around the law was to break it and ignore it and hope no one would notice. That's why I think it's worth writing about.
If my lawsuit against California is successful, then my company and Dwolla will be able to compete on a level playing field, which is the ideal situation. The lawsuit isn't designed to prevent innovation, it's designed to allow it.
So as you can see, you have the entire situation backwards. Instead of telling me to stop (which I won't, because I'm as entitled to voice my opinion about these laws and the way companies are skirting them as everyone else was to voice their respective opinions about SOPA), some support would be nice. Maybe your company would like to get into payments one day, too, and if so you shouldn't have to run the risk of jail or being shut down arbitrarily.
Aaron, I'm giving you support through tough love. I'm telling you that the way you show up on these threads and behave isn't doing you any favors. That's all.
I appreciate the effort to campaign for this -- long term it's probably a good thing for startups assuming you can set the right precedent.
However, it goes back to the resourcefulness bit, in the long term my money is on Dwolla succeeding because they are focused on building stuff and skirting the regulation. I know you've had issues getting VC money, and I think this is why.
I'm not trying to start a flame war, just some suggestions on how you appear to the HN population. I wish you the best of luck, and if nothing else you're very persistent.