Why Steve McLaughlin Left Goldman to Hunt Fintechs

The video discusses the speaker's transition from Goldman Sachs to founding a fintech firm, highlighting the untapped opportunities in fintech. It covers team dynamics, the shift from large banks to boutique firms, and the current state of fintech valuations. The discussion also touches on exit strategies for fintech companies, the impact of big tech entering financial services, and the speaker's plans for their own firm, emphasizing the benefits of remaining private.

What motivated the speaker to leave Goldman Sachs and start their own fintech firm?

• A desire to work in a smaller company

• The opportunity in the fintech space

• A need for a career change

• The chance to work with technology

What is the average age of employees at the speaker's fintech firm?

• 60 years

• 22 years

• 30 years

• 35 years

How does the speaker describe the current state of the fintech market?

• Completely stable

• In a major bubble

• Experiencing mini-bubbles

• In decline

What is a significant concern for fintech companies regarding their future?

• High employee turnover

• Lack of innovation

• Staying private too long

• Competition from small startups

What impact are big tech companies having on the financial services sector?

• They are putting pressure on traditional financial services

• They are creating new opportunities for small banks

• They are causing minimal disruption

• They are focusing solely on e-commerce