61: BlockFi CEO Zac Prince- blurring the line between crypto and traditional finance
From 1 employee to over 600 in just four years, BlockFi is leading the pack in the cryptocurrency space. CEO Zac Prince joined Scott Britton and Andrei Newman on the Built by Humans Podcast. Listen in as he discusses the future of crypto and the catalysts that have contributed to BlockFi’s exponential growth. Here are some quick takeaways: One innovative product, a crypto account that yields interest, lead to BlockFi doubling in size every quarter. Scale and stickiness are effective ways of developing a competitive moat. Customer support is an overlooked area in FinTech- taking advantage of this is an opportunity for competitive differentiation. With rapid growth comes ever-changing job descriptions. Knowing where to focus your limited attention is a key skill. In the future, the lines between crypto, FinTech, and banking companies will become less rigid.