Pfeffer on Power
Power Moves in FinTech with James da Costa
Listen on
Episode notes
In this episode of the 'Pfeffer on Power' podcast, host Jeffrey Pfeffer, a professor at Stanford University's Graduate School of Business, is joined by James da Costa, co-founder of Fingo Africa, and also author of the book Fintech Wars: Tech Titans, Complex Crypto and the Future of Money.
James relays his journey growing up in Sheffield, England, and studying economics. From working at McKinsey, to founding a digital banking startup in Kenya and finally joining Andreessen Horowitz as a partner.
James emphasizes the importance of boldness, continual learning, reaching out to influential figures, and the significance of generosity in networking. His story is an inspiring testament to young professionals and entrepreneurs.
Pfeffer on Power is produced by University FM.
Episode Quotes:
Lessons from FinTech wars
10:31: [Jeffrey Pfeffer] So what did you learn from your research on FinTech wars? And then I'm going to ask you, what did you learn from starting the bank?
10:56:[James da Costa] I think one of the most interesting things that I saw is, number one: very often, I think the very best founders are at their best in crisis. They love it when they're thrown the most difficult challenge. I came back from David [Vélez] from Nubank again. He's at his best when the central bank is about to tell him that he's going to get shut down or that he's running out of money because he's then able to galvanize himself and every single person around him to take on that challenge. Reid Huffman compares it to great startup operators being like doctors or emergency care workers. They're used to being in these high-stress environments. And so it was amazing to see how calm and how articulate many of these people were faced with. They respond with massive action, but they often break up the stimulus to the response.
How James landed a partnership at a prestigious VC firm straight out of business school
05:07: For me, in my career, I've always followed my energy and interests. And so, on the one hand, that's meant that I've had a career that involves supporting corporates build startups in the UK and abroad. It then kind of jumps to building a digital bank myself in East Africa. And now I'm over here in the Bay Area. And so, at first look, you might kind of not see these things. But over time, I built a real knowledge and excitement for a particular industry, which was FinTech and financial services, and had the chance to just meet many, many entrepreneurs in that space and learn a lot about the space. And I think that, combined with actually being an entrepreneur myself and then, at Stanford, spending a lot of time convening other entrepreneurs around Stanford, inviting successful entrepreneurs to come back and talk to people, it meant that I was sort of in the right place at the right time, as they were looking for a new investing partner to join that team.