097 - The Story of Uber and How Founders Delegate the Wrong Things to the Wrong People

<p><span style="font-weight: 400;">Running a company is not easy; it requires pragmatism, discipline, sometimes a cold heart, and learning to master the difficult art of delegation. Tune in for today’s episode which is all about the importance of finding a compliance team that shares your risk appetite so that you don’t waste valuable time and resources! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:50]</span> <em><span style= "font-weight: 400;">Super Pumped</span></em><span style= "font-weight: 400;">: the book that inspired today’s episode.</span></p> <p><span style="font-weight: 400;">[02:23] Some of the challenges of being a FinTech CEO.</span></p> <p><span style="font-weight: 400;">[04:39] Why I disagree with many peoples’ opinions on why Travis Kalanick was removed from Uber. </span></p> <p><span style="font-weight: 400;">[06:21] The benefits of experiencing security breaches in the early days of your company.</span></p> <p><span style="font-weight: 400;">[07:19] What the risk management strategy of “what doesn’t kill you makes you stronger” looks like.</span></p> <p><span style="font-weight: 400;">[10:23] Why I don’t recommend a conservative risk management approach. </span></p> <p><span style="font-weight: 400;">[11:51] One of the biggest mistakes that founders make with regard to compliance. </span></p> <p><spa