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William Hockey

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2026-03-17
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2026-03-17
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  1. As you think. It's actually quite refreshing. We go to people and we're like, hey, we are super fast growing, but we provide you the liquidity. Oh, by the way, here's some very basic math on preference and dilution. And here's why you can actually make way more money for the same equity value. It's a hard story for 21 year olds. It's actually a pretty easy story for a 25-year-old that's been through six rounds and four pivots at their previous company and don't have anything to show for it. Does this empirically show up in employee retention numbers versus Silicon Valley norms? We have almost close to no regretted attrition, which means people that we like to stay end up staying. There's a couple reasons for that. I think one is second time around, it's a lot easier. I think I learned from a lot of mistakes at Blod, and I know where to spend time and where not to. And so I think generally it's probably more mature company than your average talking about startups. So I think A, that helpful, we're probably better at picking talent, but also I think we know what matters to people. I think some.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. Things that people don't really understand until they've been doing this for like five, six, seven, eight, nine, ten years or seen an exit. Like with us, we say, hey, just don't worry about that stuff. What I give you is what you're going to have. And by the way, you have liquidity on a yearly basis going forward. That's like super compelling to people. How have you honed the communication of that idea to a new employee so that they get it? Because I think so often people just say, oh, I got this many shares and was the valuation. And if it goes through this valuation, I can just be the math, but that's not actually the math of what they'll take home. How do you frame it to people? We're far from perfect. I think one of the things we do is we target people that this is their second company. We're probably not the best place for a new grad to land. Because new grad to land, they're going to go through this calculation of where all of my friends go in. What is the number one company in hacker news I read all the time? What's all like the thought fluencers talking about on Twitter? It's like actually not a bad strategy. Like if you're a new grad, that's probably relatively fair. But you aren't really going to be thinking about some of this kind of nuance. And it's honestly not as...

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. Structurally, we look exactly the same as like a high growth startup, right? We graft with the same people, we have all the same perks, if not more. So we operate very much like a high growth combat. We happen to just also be like quite profitable. What I tell people is our profits every year. Imagine that's like our funding round. Each year, like on January 1st, we raise a massive round each year. That's how we view it. There's part of it that's going to be used as like a tender that we're going to buy back company shares and the rest of it we're going to put to growth. Oh, by the way, you also haven't diluted it all. By the way, you also don't have any prep stack. By the way, like we get to make our own decisions, that's super compelling. So I can hire someone to say over a 10-year period, you're not going to be diluted. I think what some people forget is if you're early stage founder, you're going to lose probably 50 to 75 percent of your equity value due to dilution alone. You may lose 10 to 80 percent of your upside by the preference deck. These are like weird economic.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. They feel great because they're getting like a huge part of all of their housing stipend in San Francisco subsidized. But like is that going to be a good use of venture capital? Probably not. So we can just do all this stuff from an employee perspective, from a retention perspective. What we do every single year, we take 25% of our earnings and we just buy back our shares with employees. So we just run our own tender every single year. It's been great for retention. They're able to actually get liquidity to employees when they need it. And it allows people to believe that we're like in this venture grant business. If you're in a VC business, you're like, hey, you should be using like 100% of that money for growth. We say, well, actually, we don't necessarily think that. We're quite profitable so we can afford it so we can invest in growth, but we can also invest in employees.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. Bought a regulated bank when you were early. That's probably like a little bit cooler now in this new administration, but we bought a regulated bank during the first Biden administration. It required us not grow or not focus on revenue for two, three years and do a bunch of stuff that inhalated the scale behind a bank is not a softer defined problem. That's not like a great use of venture capital dollars that you expect to grow, but really something non-consensus bet at the time. There's just no way that could have happened. There's no way somebody would have been like, oh, we want to buy this money, right? We want you to do stablecoins. We want to do AI. That's just not a fundable thing. So I think in then able to just invest behind that for a multi-year period before we actually take on clients, people think they're long-term focus, but it's just not. I think we're able weird stuff with employees that doesn't scale. Like what we pay employees like, here's $2,000 a month to go to a rent or mortgage if you live two miles with the office. Well, like that doesn't inherently scale, but it's massive because now I can get people who live close to the office.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. And they're like, wow, that was awesome. I'm off, right? It's like, how many people you know have raised like a hundred million dollar series a and then they're like i'm done it just doesn't happen and i kind of think that man you raise a hundred million dollars you should be able to build a couple billion dollar business after that why do you need to keep raising it and there's a lot of structural reasons for that and the fact that san francisco is a bit like a factory like is by design i think it can be like quite effective but i think for the the ambitious founder i actually don't think it's the right thing and for us i can invest in things that i think are going to have like a 10-year payback i'm totally fine with it if we grow 80 versus 110 it doesn't really matter that much because as long as we're profitable and as we're building the software we want and as long as we're growing at the rate that we want i just don't have the same constraints and that is i think freeing in a way that most companies can't operate

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. But that's not going to be the straightest line to your goal. I sometimes make this joke is kind of heroin. It feels good. It's amazing. But like you got to keep shooting up. It's very challenging at all. I know very few people that have like right hair and white.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. Constraints on your business, but not only for the net worth of myself and my employees, but also culturally, it's actually quite a bit more effective because being long-termism is probably a little bit like a trite saying, but I think it does actually help us do that. Yes, Silicon Valley companies are probably more long-term oriented than your average business in the US. But I think the hamster wheel of VC doesn't actually allow us to be long-term. Because if you are having to spend a lot of money for employees and you're burning a rate of you have to raise every year and a half, you end up optimizing for that next fundraise. And you say, okay, stablecoins are like, cool this year, spending a stable coin strategy. Okay, AI is cool this year because I need an AI strategy. And so your business, maybe it's going in the general direction, but it's definitely taken a pretty windy way to get there because you need capital. And so I think it's very rational what you are doing.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. I started plaid and I did the standard Silicon Valley playbook. You got like ID, you have to build stuff and then put a deck together and you go to like these 80 venture capital firms and hopefully one of them gives you money and then every year you move up the alphabet. And I think that worked in Plaza a very successful company. I'm very lucky to have started it. But the things that Silicon Valley sometimes gets confused by is, okay, either like a venture funded company. And if that's the case, you're like ambitious and you're going to build amazing software and you can like amaze like amazing products. you're like a bootstrapper and you're going to like thought pieces on Twitter, but you're going to subscale people and you grow small amounts. It's like a cute lifestyle business. And I think you can actually be highly ambitious. I think you can hire like the world's best talent. You can build like a massive doubling company without actually being able to be addicted to venture money. What we do is we say, okay, we are going to grow by our earnings. We're going to make sure that 100% employees and myself own the company for the foreseeable future. It makes it a lot harder. It does definitely put some concern.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  10. Do really well. If you look at AI, our research labs are doing fantastic because that's the consensus oriented problem. If you take a bunch of people that are super smart and you pretty much lined off everything from the you and you can all talk and you can all share ideas and that's like a fantastic research place and we are going to win on that alone. But as you think about applicability to people's everyday lives People in Silicon Valley don't live everybody else's lives. They don't live in the lives of like Americans. They don't live the lives of like the cave outside the world. And so our ability to actually build software or have ideas or perspectives that resonate is probably the low point in the entire time I've been here. Silicon Valley is not a popular place. I think we tend to forget that. We think we're on the top of the world. But I don't know what our approval ratings are, but I think they're probably pretty dang low. And I think that's for good reason. I think it's something that I at least try to focus on a lot because I have to build software and I have to build products.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  11. You think you have the ability to probably look back and be more retrospective on the society you grew up in. In SF and Silicon Valley, it's an elite dominated society, whether we like it or not. It's probably more akin to Wall Street than the 1990s than it is to what we want it to be, which is Research Lab in Cambridge in the 1950s. Maybe that was Silicon Valley in the 90s, but it's not anymore. And what that happens is elites end up building software for elites. And I think that has somewhat made sense because if you look at consumer buy-in patterns, people buy something that's aspirational and then it moves down market. But when you do that, you can start to drink your own Kool-Aid a little bit too much. And I think that has probably happened in Silicon Valley because we talk to each other. We build for each other and we think that the market is each other, but we don't actually look broader than that.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  12. Is FinTech is probably going to be like the last area that is somewhat maybe disrupted by AI. I think what you'll see is you'll see a collapse in domestic fintech and enterprise software. And you already see in this with the RAMs and stuff of the world as they go deeper into the workflow management side. Good thing for us. Some of our customers are growing just so quickly. But the rest of the world is also, it's a big part of our revenue. It's something that we're super excited about as well. It could be both like Western Europe or emerging markets. Can you say more about this comment that the Silicon Valley along with Beijing is the most consensus place? Because you trapes around California. What strikes you as the strangest? Like you're building something so different you spend so much more of your time away from there. You're able to get outside perspective despite being of that place originally. What would you say stands out as the strangest elements of it in its culture today? I'm a product of Silicon Valley. I've been there since I was 21, started some of the top companies in Silicon Valley. I am the product of that. But I think as you get older and as you travel more,

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  13. Is people okay, maybe people start in social media, but they also start in financial services. And so if we require financial services, we can cross sell and we can distribute products there. The largest bank and Congo's bank called RARBA Bank. Highly sophisticated downloaded mobile app. It's way better than we have here in the US. You can upgrade your TV subscription on it. Imagine JP Morgan doing that, a Bank of America doing that at Wells Fargo doing that, or Candle, even like US Fintech doing that. Even if they could build that, there's no market for that. And so their ability to land and expand is fundamentally different. And the good thing for us is, you know, all these countries, the main currency is a dollar dollar. And so our ability to kind of innovate with them is much more akin to what a fintech looks like in the US than maybe a large traditional bank. Do you end up earning similar amounts of revenue from outside the US as you do inside because of these potential relationships? The U.S. market is so good and FinTech is so developed. One of our theses.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  14. be like quite a bit higher than people there. I'd say you take you like emerging markets bank executive team, they're hands down is way better than I think probably what you see in the Western world. They also have the ability to verticalize much better than they do in the US because we already have amazing software, amazing retail experiences down the entire stack. In most emerging markets or in developed countries, everybody has a bank account. A lot of people have a phone have a bank account so they can actually cross sell there effectively. You and I talked about this before. I think one of the most interesting companies out there is CASPI in Kazakhstan. Fascinating. Can you explain it? They started out by the bank and then they just built did everything, did everything or just e-commerce company, the largest bank, you pay your taxes on CASPI. You don't like renew your driver's license. It's on CASP because what they realize is where people start.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  15. ones to do mobile payments and pay some decades ago well before Venmo. If you talk to them, they are actually quite a bit more open. They are used to this, their category being somewhat disrupted. The interesting thing is they have a bit of an access to differentiated capital, which is differentiated talent if you're in the US, part of the bank. So I should on here, but you do not have access to the top talent. The top talent is going to anthropic. They're going to Google, et cetera. But if you believe that brains are distributed equally, you're Congo, there's some proportion of equally smart people as there are in France. There's no anthropic to go to. They don't have the ability to move to London and go to Deep Mind. But there's still like a pretty decent talent pool there. They're going to go to where there is job safety and where there is money. That tends to be in a lot of emerging markets. Like the breweries and the banks. That's why the money is. And so the talent, I'd say the middle level on the top can actually.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  16. Penetration is that low will you and your business naturally benefit from that going up based on the products that you're building? Is that how you think about some of these opportunities where it's much lower hanging and just no one's paying attention? The leapfrogging that happened in Asia is obviously quite well known. Trying to skip the laptop, went straight to the mobile phone. Most famously, we shipped online e-commerce and went straight to social commerce in China. There's going to be leapfrogging as well. You're going to see the same thing in financial services. Financial services tend to be most innovative and most progressive in their worst countries. You can see this in Argentina. You can see this in Iran. You can see this in other places. The Iranian financial system say what you will. It's complicated. They have to deal with a lot of incredible constraints. And thus they've built a lot of bespoke stuff just for themselves because they do not have access to global financial markets. And when you get to design things from scratch, you end up actually building things a little bit differently. And that's actually quite interesting. If you look at these emerging markets, Africa, for example, they were the first.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  17. What are you building? What is your perception of America? What is your perception of America financial services? How can we be helpful? Honestly, I spent a lot of my time walking around ideating, just taking in the scenes. And sometimes quarter of the time I come up with like a really interesting idea that ends up building us a cool product or is it a good market? What's an example of that? I have 90% of my ideas either in the shower or like walking around random emergency markets country. It kind of expands your senses a little bit. If I'm walking down the marina green, I'm walking to the mission in San Francisco. The only thing I'm thinking about is, oh my gosh, how is AI going to change things? Because you can't walk around San Francisco and just not get like completely hit with AI FOMO 24-7. But there's this other stuff we need to do in order to get people up to like mobile penetration. Take DRC, like mobile phone penetration is still less than 25%. Banking penetration is still less than 5%. There's stuff we need to do before we think about embedding LLM in everybody's brain.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  18. Discovering Say more about the constraints you encounter there. Teach us a bit about. I've never been to Kinshasa. They operate in a world where there's actually relatively large markets. DRC, as an example, is one of the largest exporters, not the largest exporter of some critical minerals in the world. So there was a lot of money flowing through there. It's a massive exporter. It's a place where a lot of Chinese investment. Africa broadly has had more Chinese investment than anywhere else in the world outside of Pakistan. And so there is money and there's a lot of people doing things and the population growth is absolutely bananas. I mean, the population growth in Africa is probably larger than Western Europe, North America, and parts of Asia combined. And so why they may be GDP per capita quite small, there's still a lot of going on. Where there is, there are founders that are building super cool things. The large companies actually tend to be quite innovative. And I talk about that in a second. I talk to them. I meet a ton of people. I'm meeting CEOs, the largest multinational companies there. I'm meeting founders on the ground. And I'm talking them through like.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  19. And so those places tend to actually need U.S. financial services. This places don't need American financial services as much as maybe some parts of the emerging world do. So sticking with Kinshasa as an example. So you go there, what are you doing there?

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  20. And that causes a very specific creation cycle. Why, if you go to Kinsasha, which is a capital democratic public Congo, it's going to be the largest city in the world in probably five to ten years. I think it's already larger than most of the megacities. Wow. Probably 95% of people in Silicon Valley couldn't tell you what Constance was capital of. But tens of millions of people that live in a highly, highly constrained society. And so that breeds a sense of creativity, that breeds ideas, that breeds stuff that you can't really get anywhere else outside of emerging markets. So that's one. I think second for my business, the dollar is fundamentally global. And the dollar tends to be strongest in places that one could imagine are relatively dollarized, places that are dollarized tend to be more emerging markets where they are using the dollar as their main currency, either unofficially or officially, because maybe they can't trust their central bank. Maybe they have a history of super bad inflation and the country got implicitly dollarized.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  21. That's actually a great operating environment because you can go and you can have these outlandish ideas that other people are going to believe in that nobody across the world to believe in. And you can build this in a very safe way. I think that's why Silicon Valley and San Francisco is so dynamic and we're so a front of the curve. But we also have completely lost touch with how the rest of the world operates. Every day American operates. You've probably seen this smacks us in the face over the past decade or two. And so I think it's very important to go to places that don't have that same bias. And I think if you think about emerging market specifically, the founders who built there, there's the evident people, they live in this constrained society. The constrained in a way that like San Francisco and New York isn't. And that breeds a different type of creativity, it breeds a different type of innovation that you really can't get anywhere else. If you go to talk to people in London or Vienna or Mexico City or San Francisco or whatever, people are living to an extent in a world of abundance.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  22. This is my second company. I started playing back in 2012. And it's very easy to stay in Silicon Valley. Quality life is amazing. There's a lot of money to be had. There's a lot of super smart people. But you can start to get quite isolated and you can start to get very consensus focused. Probably a lot of your listeners read Dan Wang's last letter on China. He has this great and I think accurate but somewhat harsh criticism where he says the two most consensus societies he's ever been to is San Francisco and Beijing. And I think that's quite accurate, actually, where San Francisco is probably the most consensus place I've ever been to. And I think that is both a huge clutch for us, but it's also probably our most valuable asset because as a founder, if you're building an AI or like stable coins or something that San Francisco believes is very consensus, but the world does not believe yet.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  23. In the actual bank side of the business down to all of our customers. One of the things I love whenever we talk is you've always been somewhere strange and interesting. Kinshasa, I think, was the last time we were together. I don't know a lot of founders going to Kinshasa very often. Why are you so often in interesting bizarre locales around the world?

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  24. Me like pick a customer that people might recognize and describe literally what services or products they use and then how they pay you for those products or services. Just really mail it home So maybe I'll use a company out here that recently relaunched a company called Built, which has made a lot of New Yorkers have, a lot of people in the cities have. If you look at the card on the back, it says issued by Colin. And so we're the one that is actually connecting with the networks, managing the networks, and we're actually the regular entity behind that. And then when you need to go pay your rent or your landlord is going to detect money from your built account, if you look at like, oh, the account routing number there, oh, that's actually a column account routing number. So they build the application, they build the website, they build the consumer marketing, and we're going to handle everything behind the scenes that has to deal with the Federal Reserve or TCH or the CARD networks or SWIFT. We're the one that kind of builds the software for that and handle all that complexity. We are technically a bank, but unlike banks, we make 90 plus percent of our money off of software. And so similar to any SaaS company, it's a per API call. It's a pure play tech business. And then we pass most of the economic.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  25. They run on our software and then our regulatory rails. And we also expand that to anybody want to do things with a global dollar. So that could be international fintechs. That could be a lot of times global banks or banks in emerging markets that need to transact holdings in the dollar. So in the US, you have vertical software people building business software. This is an area that is probably going to get changed as AI kind of rolls through. So people need to go deeper down into the business. Just building software for software sake is not the case. And so now people actually need to control the underlying finances of business. If the Brex ramps, if the world have proven that you can actually build enterprise software that also touches the money. But in order to do that, you actually have to control the dollar. You have to control the money, whether it's lending money, holding credit, et cetera. And so we just expose a set of primitives and APIs to allow anybody to do that super easily.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  26. Different way of building that I think will be inspiring and interesting to those that want to build a company. Please enjoy my conversation with William Hockey. Usually I don't start with a description of the company that someone's building, but in your case, one, I don't think a lot of people are yet familiar with Column, and I want to fix that. And it's such an interesting beast in and of itself that it'll be our excuse to talk about many fascinating things in the world. Can you just start by explaining what the business is and does at a high level, we are a software company that also owns a bank. And what we do is we say, okay, we have this interest in regulatory mode of a bank that most other people don't have. And we're going to build just incredible software behind it that nobody else can build because they're not a bank. We started out by serving a lot of software companies that want to get into financial services in the US. So with a backend infrastructure that powers the payments, deposits, credit of amazing companies like Bilt, Wise, Ramp, Brex, Mercury, these type of companies.

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source

  27. Guest today is William Hockey, the founder of Column. William was also the co founder of Platt, one of the more famous fintech businesses from the last decade. Column is his second business, which he's built from scratch and funding it entirely himself and building it his way. I think you will find this conversation utterly fascinating, not just because of the incredible quality of the business that he's built, but how maniacal he is about studying and implementing ideas in this specific field. This is a great example of a founder that is winning because he is willing to do everything. My favorite example from our conversation today is that he went and found some obscure book about some ancient bank and found one idea buried in the 2000 pages that gave him a simple idea for his product. He's willing to do that over and over again and he explains his very different, maybe even heretical views on a lot of what's happening in the world of startups and technology today. He offers a very

    2026-03-17 · Invest Like the Best · William Hockey - Building the Operating System for the Dollar and Silicon Valley Heresy - [Invest Like the Best, EP.463] · IDENTIFIED FROM THE TRANSCRIPT · source