Australian Finance Podcast

Betashares founder Alex Vynokur: from zero to $50 billion & beyond

7 snips
Jul 7, 2025
Alex Vynokur, Founder and CEO of Betashares, shares his remarkable journey of building a $50 billion investment platform. He discusses the sacrifices made, including mortgaging his home, to democratize wealth access. Alex emphasizes the need for simpler investing tools and the importance of financial education. He reveals how feedback drives product development and touches on the challenges of superannuation and homeownership in Australia. His insights on leadership and cultural values offer a fresh perspective on fostering trust in financial services.
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ANECDOTE

Mortgaging Home to Start Betashares

  • Alex Vynokur mortgaged his house to start Betashares while having a newborn and soon after, a second child.
  • This bold risk was supported by his wife's patience and was driven by his instinct despite the challenges.
INSIGHT

Client Feedback Drives Innovation

  • Feedback from clients is invaluable for product development and business evolution.
  • Honest and unfiltered customer input shapes better investment solutions over time.
ADVICE

Own Mistakes and Correct Them

  • Own your mistakes as much as your successes to improve continuously.
  • Correct bad decisions swiftly instead of dwelling on past errors.
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