🚀 Key Lessons from LendInvest (LSE: LINV) co-founder and Chairman Christian Faes on Building a Fintech Empire 🚀
In the latest 'Interviews with Leaders in Fintech & Web3' podcast, Christian shares his journey from lawyer in Australia to a fintech pioneer, the IPO of LendInvest to starting his new venture Faes & Co, offering up invaluable lessons for entrepreneurs at any stage...
🔑 Resilience is everything
Building a business is never an overnight success. Christian highlights the importance of resilience in founding teams, reminding us that entrepreneurship is a long journey full of ups and downs. "You’ve got to be ready for more downs than ups in the early days, and that’s OK. The key is to keep going."
💡 Don’t get distracted by hype
With the media often glamorising tech unicorns, it’s easy for entrepreneurs to chase after the wrong goals. Christian stressed the importance of focusing on building a real, profitable business rather than getting caught up in raising huge amounts of VC capital or chasing an IPO too soon. "It’s not about the headlines—it’s about the bottom line."
🌍 Different markets, different challenges
Christian offered fascinating insights into the differences between the UK and US fintech landscapes. While London has a supportive fintech ecosystem, he noted that scaling a business in the US presents greater opportunities due to the size and pace of the market. However, no market is perfect—each comes with its own set of challenges.
⚙️ Technology is a tool, not the goal
Christian’s experience building LendInvest taught him that while tech is crucial for efficiency and disruption, it’s not the endgame. "At the end of the day, it’s about the service you provide—don’t get hung up on the tech itself."
💪 Embrace mistakes and learn quickly
In Christian’s current venture, he emphasises the need to be open-minded and accept failure as part of the process. "We make mistakes, but we don’t get bogged down by them. We learn, adapt, and move forward."
🎯 Enjoy the journey!
Finally, Christian’s advice to all entrepreneurs: Don’t forget to enjoy the process. "The journey is the reward. Sure, we’re all aiming for success, but don’t lose sight of the fact that the experiences you gather along the way are just as valuable."
If you're an aspiring entrepreneur or deep in the trenches of building your own business, Christian’s story is a must-listen. The insights and real-world advice from someone who’s been through the grind are truly priceless.
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