Jake Gibson, NerdWallet + Better Tomorrow Ventures // Investing In The Future of Fintech
Jake Gibson is the co-founder of NerdWallet & Founding Partner at Better Tomorrow Ventures, a $75mil venture fund, investing in the future of Fintech alongside Sheel Mohnot. He's been involved in fintech for over a decade. Prior to NerdWallet, he studied math and quantitative finance at MIT and traded interest rate derivatives at JPMorgan. Let us know what you think on Twitter: @bzaidi & @iamjakestream Full video with timestamps on YouTube: https://youtu.be/s-Tcuootl7s In this conversation we discuss: NerdWallet's business model + growing to a $500mil+ valuation the transition from founder to investor + the 80/20 of investing mental models to figure out your next step why "everything is fintech" + examples of this thesis DeFi, NFTs, stock market highs & ideas from a global fintech market Timestamps: 00:00:00 Preview 00:02:20 Intro To Jake + Nerdwallet 00:06:57 Nerdwallet Deep Dive + $500mil Valuation 00:15:02 Opportunity: Nerdwallet Model In Other Verticals 00:18:40 Audience First Business in 2021 00:22:24 Trend: Audience Business Selling To Software Companies 00:26:09 Founder To Investor 00:31:12 Mental Model For Thinking About Next Step 00:35:29 "I want to be rich" - more context 00:39:48 Finding Motivation In Struggles 00:42:43 Role of Luck, Golden Handcuffs + Lifestyle Creep 00:48:51 80/20 of investing 00:51:31 "Everything Is Fintech" - Raising A $75mil Fund 00:56:04 Starting A Neo Bank 00:57:48 Fintech Opportunity In Ridesharing, Tesla & Airbnb 01:02:37 Facebook + Whatsapp Payments 01:03:06 Asia Market + WeChat Model 01:05:24 Problem vs Product…Verb vs Noun 01:10:54 Jake's Take on DeFi 01:16:40 NFTs + NBA Top Shots 01:20:59 Tesla's Balance Sheet 01:23:00 Elon + Chamath: Meme Masters 01:23:19 Global Market Ideas 01:29:09 Why Do We Have Stock Market Highs? 01:31:54 Investing Advice To A 25yr Old