The Minutes of David Friedberg on fintech https://minutesof.com/david-friedberg/on/fintech/ Everything David Friedberg has said on fintech: 5 verbatim quotes from July 2021, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:44 +0000 Friedberg explains fintech companies can accept lower profits per customer without shareholder pressure over s https://minutesof.com/q/cfbef077-ef08-45c3-9a4a-dfa9d3d2cc38/ https://minutesof.com/q/cfbef077-ef08-45c3-9a4a-dfa9d3d2cc38/ “Companies generally have a lower operating expense per customer so they can make less profit per customer and build a great business.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 fintech Friedberg explains fintech companies can accept lower profit per customer and avoid shareholder pressure to ga https://minutesof.com/q/e8ebbf87-e1d2-45d0-b410-cffeae91239d/ https://minutesof.com/q/e8ebbf87-e1d2-45d0-b410-cffeae91239d/ “And so they can make the investment to take a more aggressive approach, make less money per customer per year and gain scale very quickly.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 fintech Friedberg argues traditional financial firms face a catch-22 in M&A: autonomy loses cross-sell leverage. https://minutesof.com/q/61f7a1f1-4230-4855-8d91-588382341795/ https://minutesof.com/q/61f7a1f1-4230-4855-8d91-588382341795/ “And if they do that, they lose the leverage of their over their existing customer base, which is to cross sell digital services in.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 fintech Friedberg says traditional financial firms ruin tech acquisitions when they try to integrate them, creating an https://minutesof.com/q/8b89d375-689b-46a1-8edf-cac385b4a5c5/ https://minutesof.com/q/8b89d375-689b-46a1-8edf-cac385b4a5c5/ “And if they try and do that, then they step in and they try and run a tech company and the whole thing gets ruined and falls apart as we've seen in M and A over and over again in many different So it is this kind of classic innovator dilemma moment that we're seeing in financial services” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 fintech Friedberg characterizes the current financial services landscape as a classic innovator's dilemma moment. https://minutesof.com/q/d4c35bc1-c73f-4d05-81ae-7d010f464029/ https://minutesof.com/q/d4c35bc1-c73f-4d05-81ae-7d010f464029/ “So it is this kind of classic innovator dilemma moment that we're seeing in financial services as the fintech companies kind of storm the field.” — CNBC Television Tue, 13 Jul 2021 17:05:56 +0000 fintech