Michael Katchen is the CEO and co-founder of Wealthsimple, a leading online investing service operating in Canada, United States, and the United Kingdom. Before starting Wealthsimple, he worked at a YC-backed startup called 1000memories, and we sold the business to Ancestry.com in 2012.
At a very young age, Michael became very interested in investing when his sister randomly entered him into a stock picking contest. Michael won the contest and took his father to skiing.
He moved to San Francisco and was part of the tech community. Michael was a consultant at McKinsey doing work for banks and financial institutions. Then, a couple of his former colleagues got into YCombinator in 2010. They invited him to move to the Valley and help build a company. That gave him a chance to take a leap and be an entrepreneur.
What You Will Learn From This Episode
- What is Wealthsimple and hear from Michael their 12-month forecast for the company
- Find out the valuable lesson learned by Michael during the Tech Bubble Burst in 1990
- How to be a successful leader in a scaling company
- The concept of “We are Makers’ Owners”
- Biggest takeaway when growing your company in other countries
- Efforts made by Michael for their remote offices
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