The big challenge with Internet financial services has been that it's very difficult to get large numbers of customers to sign up for your service.
Sentiment: NEGATIVE
It's definitely going to be harder than it sounds to acquire millions of users in the U.S. It's going to be a lot of work, and you can't make light of that.
Given that my title at Google is Chief Internet Evangelist, I feel like there is this great challenge before me because we have three billion users, and there are seven billion people in the world.
Small businesses were slower than large businesses in adopting broadband. One of the reasons was they were concerned with putting their customer lists online or in the cloud.
It was something of a personal challenge for me to come up with a business suitable for the Internet world and the Internet age.
All they need to do is to set up some website somewhere selling some bogus product at twenty percent of the normal market prices and people are going to be tricked into providing their credit card numbers.
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
It's tough for people to get into business, especially a small business.
Any business that is looking for new customers needs to understand the Internet and how to market their goods or services through it.
A diverse customer base helps insulate you; a few large accounts can leave you vulnerable to their whims.
It's difficult to build services that are supposed to scale to, you know, 30, 50, 100 million users right off the bat because they got to be kind of tailored down; by definition, they have to be a little bit generic to speak to that large of an audience.