

20VC: Plaid and Column Co-Founder, William Hockey on Why the Brands that Win in Fintech Will Not Be Financial Services Brands, What US Banking Can Learn from China & Why Companies Can Be Built Slower than People Think?
35 snips Dec 2, 2022
William Hockey, Co-Founder and Co-CEO of Column and former Plaid co-founder, dives into the future of fintech and the importance of non-traditional brands. He critiques the rapid growth culture in Silicon Valley, arguing for strategic, sustainable growth instead. Hockey shares insights on personal wealth management, discusses the evolving landscape of financial services, and highlights the need for regulatory balance. He also reflects on co-leading a business and the power of cold emailing as a networking tool. Expect a blend of innovation and grounded wisdom!
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Plaid's Journey
- William Hockey co-founded Plaid, a financial infrastructure company, in college.
- After Visa's acquisition attempt failed, Plaid's valuation soared to $13.4 billion.
Building Within Regulatory Perimeter
- Building within regulatory frameworks offers unique value creation opportunities.
- However, Silicon Valley's structure and typical early-stage funding aren't conducive to this approach.
High Performance and External Validation
- True high performance involves consistent, quiet work without needing external validation.
- Long-term success requires sustained effort over years, often unseen by the public.