Thanks to Colleen Poynton and Alex Davidov of Core Innovation Capital for recently appearing on the NGPF podcast. As venture capitalists, Colleen and Alex invest in promising early-stage companies in the financial services sector. As such, they have a front row seat to the innovative companies disrupting the status quo and changing the way we pay, we borrow and we invest (to name just a few). Colleen and Alex also provided insights into the changing nature of work (aka “the gig economy) and what young people need to do to thrive in this new environment. Enjoy!
- 0:00~1:12 – Introduction
- 1:12~4:47 – Colleen and Alex describe their day jobs
- 4:47~8:45 – What makes a venture capitalist successful?
- 8:45~10:26 – Where does the money come from that venture capitalists invest?
- 10:26~15:36 – Economics and venture capitalism
- 15:36~18:55 – Advice for people who want to start a business (“budding entrepreneurs”)
- 18:55~28:33 – Trends in financial technology (“fintech”)
- 28:33~30:56 – Discussing how one of their companies, Honest Dollar, was acquired and the rationale for that acquisition
- 30:56~35:06 – Apps for young people
- 35:06~40:15 – How do fintech companies protect user information (“the security questions”)
- 40:15~44:05 – What apps do they use in their financial lives?
- 44:05~48:45 – Advice to navigate the new world of employment
- 48:45~49:43 – Conclusion
- “Have a strong point of view but as new data and new information presents itself, be open minded and flexible.”
- “No one really wants to save money, they would rather spend money, so every way that can keep us from that (spending) is good.”