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▶ 12:11 · $KSPI · How to bet on yourself (without venture capital)
episode briefing
Invest Like The Best

How to bet on yourself (without venture capital)

2026-03-17 · 2 company · 7 thematic
sentiment
2 bull0 bear0 neu
speakers
william hockey

Co-founder of Plaid and co-founder of Column, a bank and financial-infrastructure company. His work centers on building financial services infrastructure for software companies.

quote
“one of the most interesting companies out there is Kaspi in Kazakhstan... They started out by buying a bank. And then they just kind of built did everything... largest like e-commerce company, the largest bank, like you pay your taxes on K…”
—william hockey
now playing · $KSPI
$KSPI···bullish· lowwilliam hockey
Hockey highlights Kaspi.kz as fascinating super-app combining banking, e-commerce, and government services in Kazakhstan
Kaspi's model of acquiring a bank then building e-commerce, payments, and government services on top demonstrates the power of vertical integration in emerging markets where finan…
$JPM···bullish· mediumwilliam hockey
Hockey predicts large US banks with massive distribution and high labor costs will be primary beneficiaries of AI-driven efficiency gains
Large banks have high headcount and technology spend rather than physical assets, making them ideal candidates for AI automation; those with the largest distribution and cost stru…