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Needing less capital to start a business has opened more avenues for female entrepreneurs over the last decade.
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And if there are fewer workers to hire, firms will also need less capital.
If output growth is hampered by lack of workers, firms will need less capital.
The implication is that it needs less capital on hand than a pure investment bank.
The company says it is already more diversified than many rivals, and therefore needs less capital at the group level.
Perhaps they reason that their banks need less capital than ours because their sovereigns more assuredly stand behind them".
"Today, entrepreneurs need less capital to start their businesses, which means that there is a higher volume of companies getting started," Mr. Pishevar said.
Some argue that ageing populations in rich countries will mean lower interest rates, because older economies with mature workforces will need less capital and their citizens will save more in preparation for retirement.
Entrepreneurs will need less capital, and fewer political connections, to set up thriving businesses in a broad swath of the economy.
And after a decade in Austin, he moved to the heart of Silicon Valley Start-up Common SVSCC) where he finances start-ups that need less capital than those of the dot-com era.
Imagine saying to a fighter pilot: "We have a new fighter jet for you to test, it is only missing two (2) ailerons, apart from that, it is good to go". Small home-based businesses obviously need less capital than a restaurant or airfreight transport company.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com