The energy and uncertainty of youth are headed back to school. Especially in fintech, which had the roughest semester last spring. First, there was the drama leading up to the breakup with the rich hottie. Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Thankfully, there was still a smartphone and social media to commiserate.
Fintech heads back to campus this fall with the same future promise of computer science and football season, but with a knowing look that says, “I may still want fortune to favor the bold, but I really need at least a C in economics this semester.” Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Here’s a few recent ones that caught our attention, and please, “Give us some slack, teach” on the school themes, ok?
Deals are still happening and — at this writing — the “student intervention” after the unfortunate alumni mixer event seems to have taken (fintech industry valuations improving a bit off their lows and fintech companies more focused on explicit utility value in the here-and-now).
-Sam & Chris
P.S. Every now and then you get the chance to get the band back together. Many of you may already know that Chris and I worked together in a prior band a decade ago. It’s good to be back together again at GonzoBanker mothership’s band, Cornerstone Advisors. #grateful -Sam