YouSaid · the spoken record

Micky Malka

lines on the record: 106
first: 2024-12-10
most recent: 2024-12-10
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I think we were the only fan that in their documents allow for buying crypto. No one else could do it because they didn't have permission to do it. We could. We could do anything. We had it structured like that. I looked around Silicon Valley and around the world to all these firms and they behave like firms. There were a bunch of partners working together. But were they truly working together? Or are they all together because combined they can do other stuff that they couldn't do by themselves? Do they really love each other? Were they really engaged in a different way? So for us, it was much more about”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source
“Mindset was one of saying where is a passion driving you and where can you be the best version of yourself? Working through that, we wrote some commandments of life on how we wanted to operate. I don't want to be boxed. As somebody who didn't grow up in America, one of the things that I've learned is that everybody here has a label. They put labels on you. You went to this school, you went to this career, you are a good student, you are good in math. And I did not grow up like that. We had no labels. It was as fun and social and it was a lot more melting pot kind of Latin American vibe than it had been labels. So the first rule for me was no labels. And hence why from day one some of the principles were not a venture firm. That's why it was called Capital, not Reverend Ventures or whatever. I did not know if we were going to be early stag investor or”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source
“So, in 2011, I was finishing my four startup with my co founder, which we had done all together around the world in financial services. We're here in Silicon Valley. And we decided that that one in particular, called Lemon, and it was the first wallet on the App Store, it didn't need the two of us to be full-time CEO. So we've played this role multiple times. So we agreed he will be the CEO and I'll be the chairman. So I get to fire him. Fun job to your co-founder. And I spent the whole year just traveling the world and talking to everybody, all the entrepreneurs that we have met or people that we have interacted with or worked with. And one thing was clear. I didn't want to be a VC and I didn't want to be called an investor because until then, the whole life was entrepreneurial. I had started four companies I had lived in four different countries. All of these things. And yet, I think the foundational”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source
“First deck had more Star Wars analogies than anything. I had no investor track record. I had a bunch of records as an entrepreneur. And so, if the competition started by saying, but wait, who else is here and what's your track record? And I will say, you know what, this is not meant for you. So they were looking at me and said, wow, you're willing to say that. I'm like, yes, that's who we are. We say what we think. So it took a while until we found the right people that understood and were confident that if I had hired thousands of people in my life and I had fired thousands of people in my life, we were going to be able to build a team that we were proud of.”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source
“The first word like thinking if we're going to be rebels, what's the right structure to be a rebel? We spent like a year figuring out, hey, is that fun the right structure really? Is that rebel enough? That feels like cookie cutter and having a fun. We struggle with the structure until we say, you know what, let's start here and we'll figure it out where it goes in the future. And that was in 2012. And then we raised the money from... Bunch of entrepreneurs that know me because I was an entrepreneur for a long time and they were like, yeah, this guy seems like he has an idea on what to do. Let's give him some money. It wasn't until a friend once told me, if you want to take this serious, you got to go really think about institutional money also. It wasn't obvious on day one.”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source
“The hardest question I think you're going to ask me today until probably the next one. We are a bunch of rebels. Let's start there. And from an inception, we always use Star Wars as our motive and our decks and our presentations. And we're a bunch of rebels. And the way that we describe it is wherever the status quo grows bloated, wherever there's not enough innovation, wherever there's nothing new that benefits the customer, you're going to find us there. as rebels trying to find the rebels who are going to change the status quo. And that's who we are. And there's no bigger status quo in the last 20 years than financial services. And that's where we started. It wasn't innovating. It wasn't bringing new services to the customers. It wasn't bringing anything new to the businesses. And we were like, this cannot be. Where are the people that are going to change this? So we dedicated the first.”
2024-12-10 · Invest Like the Best · Micky Malka - Building Ribbit - [Invest Like the Best, EP.401] · IDENTIFIED FROM THE TRANSCRIPT · source