Everything a startup and CEO need at a click
The biggest challenge for an entrepreneur is to determine the MVP to attract investments necessary to scale the company. Buck Kulkarni and Wayne Brown break down this challenge and many more in this video. They show how to build traction and gain momentum in this global economic market.
A direct parallel can be drawn between the three Ts that all Info-security professionals are familiar with and the current COVID-19 situation. We are best at Treatment, somewhat struggling with Testing, but we know what needs to be done. We are probably the at the worst with Tracing.
A good functional fit is only the beginning for a fintech. To become a vendor to a bank, the fintech must jump thru complex hoops of Governance, Compliance, Vendor Risk Management and many more.
Wayne Brown and Buck Kulkarni discuss the penalty levied by finCEN on a big bank. The history, the specific regulatory requirement that was not complied with, and the lessons for startups selling or intending to sell to banks.
A startup entrepreneur has to fight many battles, often alone, in the early stages and it is not fair to expect s/he can design and run business architecture, technology, operations, finance, sales, marketing and compliance all alone.
If we see 10 new unicorns in a year, be assured there were more than a hundred with the potential. While many blind spots or plain simple mistakes derail many a startup.
