Capital Allocators – Inside the Institutional Investment Industry Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220)
Nov 1, 2021
Savneet Singh, President and CEO of PAR Technology and Partner at CoVenture, shares his unique journey blending Wall Street finance with software entrepreneurship. He discusses how PAR transforms the restaurant industry through innovative software solutions. The conversation dives into his strategies for cultivating a strong company culture and navigating capital allocations. Savneet also reflects on his evolution from operator to investor, offering insights on the role of mentorship and the practical applications of cryptocurrencies in the tech landscape.
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Early Business
- Savneet's interest in business started with selling baseball cards on eBay in high school.
- He and his brother created and sold packs with guaranteed value, funding college and a car.
Wall Street Journey
- Inspired by a book, Savneet pursued Wall Street, working at Morgan Stanley and a hedge fund.
- He aimed to be an investor but realized the short-term nature wasn't his style and got laid off during the 2008 financial crisis.
Product Building Insights
- Building products involves many interdependent factors that aren't obvious from the outside.
- Operators must have a long-term perspective, as product building is a continuous process of iteration and improvement.
