EP 30: Conversation with Plaid & Column Founder William Hockey, Covering Adam Neumann with Author Maureen Farrell and Common Founder Brad Hargreaves

The Logan Bartlett Show

Importance of Dominating the Market in Fintech Industry

1min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

In the fintech industry, dominating the market is crucial due to the limited market size. Building a big company necessitates capturing a significant portion of the market share. The evolution of technology and the changing perceptions of banks towards fintech have reduced the initial nervousness. Interoperability between banks and fintech platforms enhances consumer loyalty. Contrary to fears, fintech companies have not significantly decreased the income of traditional banks.

In the 30th episode, William Hockey joins for a conversation on founding Plaid, what it’s like running Column with his wife, and the state of startups and fintech. Plus author of “The Cult of We” Maureen Farrell and founder of Common Brad Hargreaves join to discuss Adam Neumann and his latest real estate venture in Flow.

(0:00) Intro

(1:55) Introducing William

(4:48) Kids today

(6:22) William’s first pitch to Zach

(10:44) Data prioritization

(12:21) Providing services others don’t want to do

(21:29) Strategic decisions

(25:48) Organizing a new UI

(31:38) Selling Plaid to Visa

(33:13) Fintech in current market conditions

(38:27) William bought a bank

(44:00) Running Column as a couple

(52:03) Crypto’s role in finance

(59:57) Funding

(1:05:45) A changing path for entrepreneurs

(1:11:21) Neumann and Flow

(1:13:46) Introducing Maureen and Brad

(1:15:30) WeWork recap

(1:22:06) Common vs WeLive

(1:27:23) Community Narrative

(1:33:21) Flow’s potential use cases

(1:36:36) Why Andreessen would back this

(1:42:58) Does it help when founders are crazy?

(1:47:38) What will Neumann need to do?

(1:52:03) Outro

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast...

Spotify: https://open.spotify.com/show/5WqBqDb...

Google Podcasts: https://podcasts.google.com/feed/aHR0...

Follow on Socials

📸 Instagram - https://instagram.com/cartoonavatars

🐦 Twitter - https://twitter.com/cartoonavatars

🎬 Clips on TikTok - https://www.tiktok.com/@cartoonavatars

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg

🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1

Follow on Socials

📸 Instagram - https://www.instagram.com/theloganbartlettshow

🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.