108 - When Building Government Relationships is a Waste of Time for FinTech Startups

<p><span style="font-weight: 400;">In this episode, I run through some of the common mistakes that FinTech founders make when trying to build relationships with the government, and I share some</span> <span style="font-weight: 400;">helpful strategies for how to build these relationships more effectively.</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;">[01:22] A misconception that many FinTech founders have about government figures at public events. </span></p> <p><span style="font-weight: 400;">[04:31] Why I don’t think it is beneficial for FinTech startups to offer educational workshops to government officials.</span></p> <p><span style="font-weight: 400;">[06:00] A common problem with giving feedback on regulatory drafts.</span></p> <p><span style="font-weight: 400;">[09:34] The limitations of being a small startup. </span></p> <p><span style="font-weight: 400;">[10:04] How to approach meetings with government officials. </span></p> <p><span style="font-weight: 400;">[10:47] My recommendation for commenting on regulatory suggestions in a way that will be helpful.</span></p> <p><span style="font-weight: 400;">[12:29] How to respond to unfavorable regulatory feedback in a way that will benefit you.</span></p> <p><span style="font-weight: 400;">[14:20] An important factor to keep in mind when dealing with government institution