Dave CEO, Jason Wilk: The Best Performing Fund Would Only Back YC Founders on Their Second Time

Jason Wilk is the Founder and CEO of Dave, the greatest turnaround in the public markets of the last 12 months. Dave went public with a market cap of $4BN, just months later the company had a market cap of $50M. Today, they are back with a market cap of $1.1BN. In 2024, CNBC named Dave the best-performing financial stock in the country, achieving 900% growth. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:30 Do Rich Founders Make Better Founders 04:52 The Best Performing Fund Would Only Invest in YC Founders on Their Second Time 13:16 Why Did Jason Choose to SPAC? 15:36 “We Went Public Too Late, It Was a Big Mistake” 28:29 How Does AI Change the Margin Structure of the Next Generation of Companies 30:20 Are We Heading into a Recession? Predictions for Next 12 Months? 41:25 Why Have No Neobanks Reached the Heights of Revolut in the US? 51:50 Is Trump Better for Business than a Biden Administration? 48:08 Why is the Opportunity in Low Income Banking Not High Income in the US? 58:21 Why Short Sellers Should Be Stopped and How Immoral They Are ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on X: https://twitter.com/HarryStebbings Follow Jason Wilk on X: https://twitter.com/Jasonwilk Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #jasonwilk #ceo #dave #lessons #banking #ipo #spac