Jake Gibson, NerdWallet + Better Tomorrow Ventures // Investing In The Future of Fintech - a podcast by Bilal Zaidi

from 2021-03-04T02:16:33

:: ::

Jake Gibson is the co-founder of NerdWallet & Founding Partner at Better Tomorrow Ventures, a $75mil venture fund, investing in the future of Fintech alongside Sheel Mohnot.

He's been involved in fintech for over a decade. Prior to NerdWallet, he studied math and quantitative finance at MIT and traded interest rate derivatives at JPMorgan.

Let us know what you think on Twitter: @bzaidi & @iamjakestream

Full video with timestamps on YouTube:
https://youtu.be/s-Tcuootl7s

In this conversation we discuss:

  • NerdWallet's business model + growing to a $500mil+ valuation
  • the transition from founder to investor + the 80/20 of investing
  • mental models to figure out your next step
  • why "everything is fintech" + examples of this thesis
  • DeFi, NFTs, stock market highs & ideas from a global fintech market

Timestamps:

  • 00:00:00 Preview
  • 00:02:20 Intro To Jake + Nerdwallet
  • 00:06:57 Nerdwallet Deep Dive + $500mil Valuation
  • 00:15:02 Opportunity: Nerdwallet Model In Other Verticals
  • 00:18:40 Audience First Business in 2021
  • 00:22:24 Trend: Audience Business Selling To Software Companies
  • 00:26:09 Founder To Investor
  • 00:31:12 Mental Model For Thinking About Next Step
  • 00:35:29 "I want to be rich" - more context
  • 00:39:48 Finding Motivation In Struggles
  • 00:42:43 Role of Luck, Golden Handcuffs + Lifestyle Creep
  • 00:48:51 80/20 of investing
  • 00:51:31 "Everything Is Fintech" - Raising A $75mil Fund
  • 00:56:04 Starting A Neo Bank
  • 00:57:48 Fintech Opportunity In Ridesharing, Tesla & Airbnb
  • 01:02:37 Facebook + Whatsapp Payments
  • 01:03:06 Asia Market + WeChat Model
  • 01:05:24 Problem vs Product…Verb vs Noun
  • 01:10:54 Jake's Take on DeFi
  • 01:16:40 NFTs + NBA Top Shots
  • 01:20:59 Tesla's Balance Sheet
  • 01:23:00 Elon + Chamath: Meme Masters
  • 01:23:19 Global Market Ideas
  • 01:29:09 Why Do We Have Stock Market Highs?
  • 01:31:54 Investing Advice To A 25yr Old

Further episodes of Creator Lab - interviews with entrepreneurs and startup founders

Further podcasts by Bilal Zaidi

Website of Bilal Zaidi