Senior Ripple Executive says ‘The Biggest Risk we Face Today is Regulation’
July 11, 2018 2:18 pm
Asheesh Birla, who is the senior executive at Ripple said that the largest risk the companies faces in its journey of becoming a global payment protocol. To overcome these problems, Ripple (the company) has planned to hire a big regulatory team that could help to drive the challenging environment.
Ripple’s Regulatory Obstacle
Recently, the University of Pennsylvania’s Wharton Scale School had recently hosted a panel session where Ripple’s Senior Vice president Asheesh Birla explained the regulatory obstacles faced by his company from next two years.
Mr.Asheesh Birla described:
“We’re in an environment where regulation is so important, and our biggest risk is regulation. We are building out a huge regulatory team, and we’re making sure that we’re going around the world for the next 1,000 customers that we want to bring on which we think we can in the next two years that regulation’s not going to be an issue.”
He also recommended that Ripple might get to face challenges in hiring and managing top talent given the four-year vesting period that usually characterizes Silicon Valley startups. Mr.Birla said, four years are not enough time for in-techs to deliver a return on equity.
“The problem with Ripple is that now we have people now in their fourth year – we’re not really giving that much equity compared to four years ago and so what’s your incentive to really say? So, that’s a problem for us right now. People are staying because they love the vision.”