FinTech: The Journey and
the Hurdles
Peter Hatz
Operations Director
Veridate Financial
June 2016
The views expressed in the following material are the author’s and do not
necessarily represent the views of the Global Association of Risk
Professionals (GARP), its Membership or its Management.
2
FinTech
everyone is included and participates
in which
we operate
genuinely try to improve the market
and it is your contribution that shapes
the outcome
two schools
of thought
embrace
there is technology
a better way seek
opportunities
deliver proven
technology
two serious
challenges
investor KYC single integrated system
Startup
every business in existence started at one time or another
Capital Raising
Early stage investing is hard, really hard.
Thinking you can find the next Uber or Snapchat
is a mirage with odds of about
1/1000.
Twitter, and Facebook, and Uber.
They all seemed like pretty stupid ideas.
Twitter, and Facebook, and Uber.
They all seemed like pretty stupid ideas.
Until they weren’t.
It has become quite fashionable to be an angel investor
the rise of
the PretAngel
The “wannabe” investors who don’t have the means, or former
entrepreneurs who don’t want to leave the arena.
They always have one more issues to investigate or another set of
questions, but never bring the checkbook.
the rise of
the PretAngel
The “wannabe” investors who don’t have the means, or former
entrepreneurs who don’t want to leave the arena.
They always have one more issues to investigate or another set of
questions, but never bring the checkbook.
They take advantage of an entrepreneurs need for funding
the rise of
the PretAngel
Reverse
diligence them
How do you value Uber or Snapchat when
you have no access to the audited financials
and absolutely no way to value the Next Uber
or Snapchat venture in the garage phase
Your valuation is too high
We are in the technology business and the
beauty is that it is changing all the time.
You do not have a clear exit
No we should die trying to succeed
and once I am dead you should
see what use I am to you.
Are you getting paid
The most important
factor
for a Startup
Your team
is everything
automating private wealth administration
C r e a t i n g a c u l t u r e o f
r i s k a w a r e n e s s ®
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