Jaron Lukasiewicz, CEO of Coinsetter, provides some tips and insights for the next fintech entrepreneur. Tip number 2 fits nicely with our view on the disruption of financial services - we believe in a fintech evolution, and not a revolution. Do not try and eliminate banks, but rather try to make them better.
Even though I worked at a bank for years before founding Coinsetter in late 2012, it's incredible how little I ultimately knew about how banks and financial institutions work behind the scenes. Starting a bitcoin exchange has been a crash course on how banks operate that touches upon every aspect of that business – especially regulation. When I was in investment banking, my peers and I joked that we had no marketable skills outside of the bank. Times have changed, and there has never been a better time for someone in the financial services industry to become an entrepreneur.