Tectonic Shifts In Fintech

Below are some quick thoughts. Several earlier fintech companies found success, with younger adults being solid customers. Today, we see newer companies target teens and kids through several gifting platforms that have closed rounds the past few quarters (i.e., UNest). This is good, but it will be difficult for those companies to scale over time… Continue reading Tectonic Shifts In Fintech

The Progressive Arc of Fintech

A few takeaways are from a session today with ODFintech1. We need to recognize that most everything is better delivered through software. No one wants to go into a StateFarm shop and ask about insurance. Walking into a Fidelity Investments personal investor location to deposit money and speak to an advisor is not where the… Continue reading The Progressive Arc of Fintech

WTH is a TAMP

The TAMP is back in vogue (it never really went out, to be fair). A TAMP is a Turnkey Asset Management Program.  The official term is loose, and no 'one size fits all' approach pegs all business models together. There are multiple types of TAMPs: from least to most sophisticated are (1) mutual fund wrap… Continue reading WTH is a TAMP

Negotiations

Everyone has a different style when negotiating - and all of these styles lend themselves to have better outcomes depending on the topic at hand and the counterparty. Having experience is the best defense, but I like to follow and have honed a template if that isn't an option. That said, over the years, I've… Continue reading Negotiations

Record charts

Standards and expectations have been squashed since covid began spreading. Business implications range from record breaking unemployment rates, savings rates, debt rates, hiring rates, and more. I've been coming across new graphs weekly since Feb / March and wanted to showcase a few which buck the norm. Some of these will change quickly once the… Continue reading Record charts

Silent Corporations

Pay attention to who is and who is not stepping up, like YouTube where they are encouraging staff to take today (Tuesday) off for nationwide protests, vs. Facebook, where it was decided not to condemn posts from Trump referring to shooting protesters. Pay attention to which VC firms are and are not posting support (investing in AA or… Continue reading Silent Corporations

Sam Altman’s Post

I'm currently in the process of writing an essay on grit and being scrappy. It has taken many renditions over the past month. Then this morning Sam posted a speech he gave back in 2018 that is very thoughtful and pointed. The content resonated and slightly overlapped on the direction I wanted to take the… Continue reading Sam Altman’s Post

Remote First ‘Forever’

Shopify (link here) and now Coinbase, both announced today, are the latest tech firms to embrace remote first; allowing a majority of their employees to work from where they choose or any office of their liking. Link here for Coinbase. They’re following in Jack’s decision to let the Twitter employees as well.  Over the past two months there… Continue reading Remote First ‘Forever’

Likely a new HBS case study: Quibi

Is anyone else following Quibi (or even downloaded it)? I think it'll soon be a business school case study on what went wrong.  The team (Jeffrey Katzenberg / Meg Whitman) raised $1.75bn, recruited some big names for producing and staring (Steven Spielberg and Liam Hemsworth), and sold $150m of add inventory pre-launch. Some of those… Continue reading Likely a new HBS case study: Quibi

Zooming Data

I found out that on #zoom you can download your usage data. Below are my own personally scheduled meetings from April (which does not include others scheduling on my calendar). On average the duration was 31.1 minutes with a median time of 29.5. On average the number of participants was 4.6 and median participants of 3. Additionally,… Continue reading Zooming Data