Sometimes people I admire or whose writing I enjoy will give unexpected shoutouts to CB Insights. It’s always a bit jarring and amazing, especially for a company that started with a really terrible name & logo. But it’s a nice affirmation of the work the team has done over 10 years.
I was surprised by 2 such instances in the past week.
First up, I was listening to a conversation between Clay Wilkes, CEO of Galileo (which was recently acquired by SoFi for $1.2B) and Harry Stebbings on The Twenty Minute VC podcast (see Industry Standard section for a link).
Clay discussed the unbundling of fintech and insights on topics ranging from:
But what I liked about Clay’s comments most was his discussion of how he built the company. We’ve always been fans of the revenue-funded mantra at CB Insights, and Clay and team took it to a whole new level bootstrapping for 20 years.
In discussions of fintech, you don’t often hear the words “unit economics,” “efficiency,” or “cash flow positivity,” but Galileo was built in a different way with an extreme focus on the long-term. The convo with Clay is worth a listen (and more on the shoutout below).
If you share Clay’s enthusiasm for the innovation coming to LatAm fintech, check out the LatAm fintech market map here.