No, usually investors stock is preferred with 1x liquidation preference. This means they get their money back, then the rest is split among other shareholders
I think it's a bad advice. If you only wait for investors to find you, you don't run competitive process, don't have enough options and you give up your shares at too low price.
The problem is credit card business in US is a)much more profitable due to significantly higher interchange fees and b)credit cards adoption is much higher.
I think this was one of the most interesting aspects of seeing AlphaStar play.
MaNa already started to use oversaturation when he played live game against the AI. I'd bet soon this will be the new meta, and everyone will play this way
Actually, it's not entirely true. A few years back EU cut the interchange fees dramatically (to 0.3% on credit cards, 0.2% debit) but all the savings were pocketed by merchants