What We're Hunting - Thesis Led Investing
"I think traditional stock brokers, if that's what you mean by financial advisors, I think they're in deep trouble."
FinTech Founder, Nirvana
Partner, Jump Capital
Host, Jump Capital
1) Bill's perspective on GME/Robinhood - 11:50
"Many people will make a ridiculous amount of money in a ridiculously short period of time. And just as many people will lose that much money that quickly. And there's no social benefit for that. There's no investment benefit for that. Regardless of whether you're a retailer, or a retail customer, or a professional investor this kind of volatility, this kind of needless and artificial volatility this kind of risk and none of it makes any sense."
2) Bill & Peter's debate on Bitcoin & blockchain - 13:50
"But more importantly is whether you need a trusted party, whether in fact Bitcoin relies on a whole series of trusted parties, put all that aside. I think a trusted party involved in financial transactions is a positive, it's a good thing. And I'll just give you one example. One of the huge problems with Bitcoin is that there is no governance. If you lose your private key, if someone steals your private key, if for some reason, some transaction goes astray, there's no way to recover."
3) Fractional ownership of assets - 23:00
"So fractionalization, I think is absolutely the way almost every asset class should ultimately be held. And I think it's one of the great things that the technology can do for investing, because it makes everything fast and cheap"
4) Opportunities and trends in technology - 26:40
"Mechanisms that can move beyond the packaging of a mobile app I think can offer great opportunities. That's on the technology side or the technology platform side and the financial services arena, to me the tremendous opportunity is to reintegrate what has become a horrifically fragmented landscape of products and institutions and offerings"
5) Advice for entrepreneurs - 29:00
"And the other thing I'd say is this, where is the source of your inspiration? Do it because you have an inspiration rather than just because you want to start something or be an entrepreneur."