TBLP059 | Michael Katchen: Investment Leader

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

Links

Reading List

Thanks to DJ Dopey, one of Toronto’s top DJ’s, 2003 DMC World Champion, for providing the fresh new intro music, the track is called “Got To Be“.

Thanks to our wonderful episode sponsors

Thanks to media sponsors IT World Canada and Startup Canada.

Thank you for taking the time to listen to this episode.  If you enjoyed this episode, please subscribe on your favourite network.

I would love to hear from you, feel free to leave me a message, question, or comment.  If I can, I will play it on on air and answer it there.

This podcast is produced by Slingshot VoIP, a business telecommunications leader.