Lessons for fintech startups from the banking royal commission
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
Vamp now has 70 staff in 6 offices around the world, and was earlier this month named the 4th fastest growing tech company in Australia by Deloitte.
Companion Couch cofounder Joe Greathead shares his insights and lessons learned from coming up with and running an ecommerce company.
Two months further on we still didn’t have any product to speak of – let alone demonstrate to potential customers. Alarm bells started ringing.
“It was so obvious the team was so much more excited about tackling this new problem that’s now Tayble than keep beating down the path of Deal Tap.”
Scaling the startup ecosystem requires two necessary ingredients; 1) enough raw founder talent and 2) the resources, both venture capital and experienced individuals, to nurture growth. Scaling without enough of either creates a quality vs quantity dilemma.
My startup had disappeared, I could not do anything about it and I was up shit creek without a paddle. There was no guarantee that everything was going to be recovered, in fact at 10.00am on Wednesday morning the prognosis was that we would have to build everything from scratch. Two years worth of work.
I don’t think I ever understood the term “burning platform” until about four months ago.
Sometimes a bitch needs to learn that you are the boss and walk properly on a leash. Since moving across the road from a huge park and working from our new “creep” office where we can watch everything happening in the neighbourhood whilst we work. There are a lot of people that think they are walking their dog, when in fact it is their dog that is walking them, untrained, unfocused and taking them to places they don’t want to go.