![cover of episode Micky Malka - Building Ribbit - [Invest Like the Best, EP.401]](https://megaphone.imgix.net/podcasts/1c2f9a94-b674-11ef-9391-d3f73e080366/image/6c29af85d25e448dcef1f09a8528948e.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
Micky Malka - Building Ribbit - [Invest Like the Best, EP.401]
Invest Like the Best with Patrick O'Shaughnessy
Deep Dive
Why did Micky Malka describe Ribbit Capital as a bunch of rebels?
Micky Malka described Ribbit Capital as a bunch of rebels because they challenge the status quo in financial services, focusing on innovation and customer benefit rather than following traditional paths. They use Star Wars analogies to emphasize their mission and mindset.
Why did Ribbit Capital decide to be a structure without labels and titles?
Ribbit Capital decided to avoid labels and titles because Micky Malka grew up in a culture without such rigid categorizations, and he believes that labels can box people in. The focus is on finding amazing people, not on predefined roles, allowing for more flexibility and teamwork.
Why did Micky Malka declare that fintech is dead in 2023?
Micky Malka declared fintech dead in 2023 to signal the need for reinvention and a shift in focus. He believes that to continue playing an infinite game and staying ahead, they needed to change the rules and look for new opportunities rather than staying complacent.
Why did Ribbit Capital invest in stablecoins early on?
Ribbit Capital invested in stablecoins early on because they saw them as a modern equivalent of American Express travel checks, providing a way to store and move value with zero fees and instant access, especially for people outside the U.S. with unstable currencies.
Why does Micky Malka believe that combining AI and crypto iocus for the futures a key area of f?
Micky Malka believes that combining AI and crypto is crucial because AI generates vast amounts of content and tokens that need to be regulated and tokenized, and crypto technology is best suited for this task. This intersection enables the creation of advanced use cases like smart contracts for automated services.
Why did Ribbit Capital form a partnership with Walmart to build a digital-first financial services company?
Ribbit Capital partnered with Walmart to build a digital-first financial services company because they saw an opportunity to leverage Walmart's trusted brand and customer base to offer innovative, digital financial products. This approach allowed them to serve millions of customers from inception, reducing the cost and complexity of customer acquisition.
Why does Micky Malka emphasize the importance of brand in building successful companies?
Micky Malka emphasizes the importance of brand because he believes that great brands underpromise and overdeliver, building trust and loyalty. He learned that spending time on marketing and storytelling is essential for building a strong brand, which is critical for long-term success.
Why does Micky Malka have a deep interest in digital art and NFTs?
Micky Malka is interested in digital art and NFTs because he sees artists as early indicators of broader cultural and technological shifts. He believes that the dynamic and interactive nature of digital art reflects the future of various industries and the interconnectedness of knowledge, wealth, and power.
Why does Micky Malka think that travel and meeting people around the world is so energizing?
Micky Malka finds travel and meeting people around the world energizing because it reminds him that the world is much bigger than Silicon Valley and that most people are good and trying to build something. Interacting with diverse individuals and hearing their stories provides a fresh perspective and new energy.
Shownotes Transcript