FinTech

I decided to take this afternoon and tomorrow off to get up to Tahoe and do some snowboarding. It’s been a busy winter and unfortunately I’ve only got 2 days on my pass this season. I’m excited to finally get up and recharge my batteries a bit.

Today, I listened to a webinar in which Frank Rotman, the Founding GP of QED, spoke about his fund and his views on FinTech. It was fascinating to listen to one of the foremost experts in fintech. It’s my first time hearing him speak and I am just amazed by how much experience and knowledge Frank has.

It was satisfying to hear that Frank shares some of the same views on why he’s bullish on FinTech as me.

First, FinTech is incredibly difficult and not everyone can get in it. I joined Secfi as we were doing something complex and a large part of our moat is the difficulty in doing what we do. Unlike starting a DTC company where someone out of business school can get into and effectively disrupt, you need to have quite a bit of knowledge and experience prior to building in this space.

Second, finance in general is a very profitable business. Unlike other industries being disrupted like ride sharing or grocery delivery, financial services are proven profitable businesses.

We’ve taken a lot of hits in FinTech lately, but the financial services industry is prime for disruption. I remain bullish on the sector and proud to be a small part of it.