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EP 571: SenaHill Transacted $200M In FinTech 2016, 7 Predictions for 2017 with Founding Partner Neil DeSena

EP 571: SenaHill Transacted $200M In FinTech 2016, 7 Predictions for 2017 with Founding Partner Neil DeSena

FromSaaS Interviews with CEOs, Startups, Founders


EP 571: SenaHill Transacted $200M In FinTech 2016, 7 Predictions for 2017 with Founding Partner Neil DeSena

FromSaaS Interviews with CEOs, Startups, Founders

ratings:
Length:
19 minutes
Released:
Feb 15, 2017
Format:
Podcast episode

Description

Neil DeSena. He’s one of the founders of SenaHill Partners. He was previously at Goldman Sachs, where he really led the creation of a pioneering and institutional training technologies system which has been used worldwide for over 20 years. He was the Managing Director, Global Head of REDI Products at Goldman Sachs from 2000 - 2006. Neil’s leadership helped build a leading, global, multi-asset training system that has expanded data centers and global networking through Europe and Asia. Famous Five: Favorite Book? – n/a What CEO do you follow? – Duncan Niederauer Favorite online tool? — Salesforce Do you get 8 hours of sleep?— No If you could let your 20-year old self, know one thing, what would it be? – “Pay a little more attention to the details”   Time Stamped Show Notes: 01:20 – Nathan introduces Neil to the show 02:20 – Neil shares how their company is finding businesses to invest in 02:40 – Neil and his partners are all entrepreneurs and have experience running businesses 02:54 – Neil shares why they focus on FinTech 04:25 – Average total transaction volume that they’ve had in 2016 04:54 – Fintech in 2017 05:40 – Distributive ledger of concept is ready for primetime 06:00 – Symbiont is well positioned in the distributive ledger of concept space 06:24 – Symbiont will be at the point of formation for all other companies 06:34 – Companies can now be registered digitally 06:46 – Symbiont’s founder, Mark  Smith, was Neil’s first advisor 06:50 – Mark also founded Lava Effects 07:00 – Mark teamed up with the most successful open source company 07:45 – Neil’s prediction of how people will respond to Wall Street and their new administration 08:08 – “I’m not quite sure how things are going to work out” 08:14 – Banks have to adjust to it 08:55 – Neil discusses the economy of the distributive ledger 09:45 – The company that Neil thinks is well positioned to take advantage of the no churn economy in the FinTech sector 10:10 – Neil is also interested in the retirement sector 10:30 – There is still no new technology to work around retirement money 10:50 – Neil has seen possible companies, but not one from their portfolio 11:00 – Fundamentals being displaced by quantimentals 12:10 – Neil’s opinion regarding Wealth Front winning over on the money the people currently have on Vanguard 13:20 – There are companies who are trying to bridge the gap between the Baby Boomers and Generation Y 13:50 – SenaHill hasn’t made an investment yet, on an insurance company 14:40 – SenaHill’s focus in 2017 14:50 – “We try to find companies that we can invest in and help and be with them for the life” 15:05 – The Famous Five   3 Key Points: Pay attention to the details. Wall Street can be unpredictable because of the new administration – regardless, banks will have to adjust. There are companies who are trying to bridge the gap between the Baby Boomers and Generation Y.   Resources Mentioned: Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel Toptal – Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to the quality of Toptal Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible. Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books. The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Jamf – Jamf helped Nathan keep his Macbook Air 11” secure even when he left it in the airplane’s back seat pocket Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW Show Notes provided by Mallard Creatives
Released:
Feb 15, 2017
Format:
Podcast episode

Titles in the series (100)

Over 10M founders, CEO's, and investors have downloaded this 15 minute daily podcast from Nathan Latka. Each day Latka interviews a software (SaaS) CEO and gets them to share how they've grown (or not) so fast all backed by hard data points. To date, over 1000 CEO's have been interviewed that together do over $6b in revenue, have raised over $5b, and employ more than 180,000 employees. The magazine for CEO's: http://nathanlatka.com/magazine The Book for CEO's: http://nathanlatka.com/bookamazon