I keep seeing issues with FinTech companies. Recently with the Fast guy. Then there was another (I think its was LendUp or something) which as investigated for handing basically pay-day loans. Is it because these companies were founded by ex-finance industry types and they inherited more of finance culture and less of software ? #tech #fintech
It's people purely motivated by money who usually lucked out in selling an idea to a VC. I had a founder I worked with who wore un-tailored suits and bragged about buying a Lambo without knowing anything about the car. All flash, no substance. Ran the company the same way.
Tech bros meet finance bros. The worst of the worst.
☝️this
Crypto/web3 has entered the chat