Fintech Thoughts

Many years ago, I was working for a large Canadian bank, managing two very different development teams — one using C++ to build a derivatives trading system, and one of Cobol programmers maintaining the bank General Ledger application. While the culture clash was obvious to any observer, nothing reflected it better than the big poster […]

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VC Negotiation Fun

When we started SBT Venture Capital, we were excited about a future of identifying great companies – visionary teams with excellent products. And excited about the post-funding challenge of helping them grow to their full potential. What we did not foresee was the huge amount of time spent on negotiating details, from term sheets to […]

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Moven Moving Forward

I have said many times that competing with banks, trying to disrupt banking through new technologies and new business models has a small chance of success. My theory is that, while some incumbents may be slow and blind, I don’t think it is possible for all incumbents, all banks, the industry as a whole, to […]

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The Bicycle Test

I am at Money2020 this week, meeting in person with hundreds of colleagues from all over the world, out of the 6000 attendees. We all use phones and Skype and GoToMeeting and so on, and still, there is no comparison with face-to-face encounters. Meeting and talking with everyone through scheduled Skype calls would have taken […]

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Magical Thinking?

Many things in life are quite difficult to understand, a long list that is getting shorter through scientific advances. But after thousands of years of living in a complex world that we mostly did/do not understand, we have developed various coping mechanisms, magical thinking being one of them. From Wikipedia, magical thinking “is the attribution […]

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