Avoid ‘Me-too’ Startup Ideas
The Sure Shot Entrepreneur
Shownotes Transcript
Dan Rosen, Founder and General Partner at Commerce Ventures, talks about the evolution of fintech over the last two decades. Dan shares real-life examples of innovative fintech entrepreneurs building solutions that touch customers and businesses in a meaningful way, and his thoughts on whether or not now is still a good time to start a company in the fintech space.
In this episode, you’ll learn:
[4:57]) Why many of the early investments in FinTech were in enablers and infrastructure
[9:27]) Having domain expertise is good, but passionate outsiders are doing equally great in modern FinTech
[13:46]) How telling your journey first connects you with the right investor
[19:04]) Have we reached peak FinTech, or is there more to go?
About Guest Speaker
Dan Rosen is the Founder and General Partner at Commerce Ventures. Dan is one of the original FinTech VCs and has been investing in tech startups for 20 years. He focuses on technology innovations in the payments, financial services and insurance fields, serves on the boards of Blooom, ClickSWITCH, Kin and Socure, and participates as an observer on several other portfolio boards, such as BillGO and MX Technologies.
Fun Fact: Dan funded his adolescent baseball card and comic book collecting habits by delivering the Boston Globe newspaper early each morning (rain or shine).
About Commerce Ventures
Commerce Ventures) is a Silicon Valley-based early stage venture capital firm focused on investing and empowering the next generation of technology innovators in the retail and financial services industries. Portfolio companies include: bill.com. BILLGO, ClickSWITCH, InAUTH, Kin, MARQETA, Blooom, Theatro, Boomtown, Vestwell, Mulberry and Socure.
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