The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: The Memo: The $23BN Company You Might Not Have Heard Of: Tradeweb, The Story of 27 Years of Compounding Growth Leading to the Market Leader with $1.4BN in Revenue and 50% EBITDA Margins
12 snips
Mar 29, 2024 
Billy Hult, CEO of Tradeweb Markets, shares his journey from a betting shop worker to leading a $23 billion company connecting major financial institutions. He discusses the importance of making 'big bets' as a CEO and reflects on learning from hiring mistakes. Hult emphasizes balancing IQ, EQ, and hustle in team selection. He also delves into the complex relationship between wealth and leadership, offering insights on fostering ambition in the next generation while navigating the pressures of public company leadership. Humorously, he touches on innovation and avoiding complacency.
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First Job
- Billy Hult's first job was as a betting clerk at an off-track betting (OTB) facility in the South Bronx.
- This challenging experience taught him valuable lessons in quick thinking and dealing with diverse people.
Strengths and Engagement
- Lean into inherent strengths and what truly engages you emotionally.
- Purely following passion can be naive; consider long-term consequences of career decisions.
Early Career
- Billy Hult worked as a bond broker and trader but admits he wasn't good at it.
- He attributes this to a lack of enjoyment for the work itself.
