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Fear God

Joined February 2025
David Vélez on how AI let him go from one direct report to 20, and cut Nubank's layers of management in half: "AI creates the opportunity for larger span of control, less managers, much more visibility. I personally went from having one direct report to 20 direct reports over that period, because it just increases your ability to operate horizontally. We went from 10 layers to five. The easy answer when things are on fire is to just add managers to solve the fire immediately. And partly what AI creates is allows you to take a step back and reinvent everything about your businesses, and this was a catalyst for us to think about the way we were structured. Every part of that chain, there is a possibility for a message to get distorted, and you have the distorted vision by the time it navigates 10 different layers. So just simply by removing a lot of those layers, you're much closer to the ground truth, and you reduce a lot of those layers by having information systems that have access to everything that's happening across the organization, a company brain."
My conversation with David Vélez (@velez_david), founder and CEO of Nubank. The last time we did this was five years ago, and Nubank had 35 million customers. Today it has over 140 million, and it has just announced it's coming to the US. David now talks about expanding to 100 countries and reaching a billion customers. We discuss: - State and future of global banking - Agents as a customer segment - Going from one direct report to 20 - How he's rebuilding the company with AI - Where fintech opportunities remain - The end of cash - Founder v CEO, great leadership, and finding the right mission Enjoy! TIMESTAMPS 0:00 Intro 1:25 Banking's $10 Trillion Disruption 5:54 AI's Impact on Banking 14:40 Building Moats in the AI Era 23:29 The Future of Money 36:01 Nubank's Global Expansion 48:24 Reinventing Nubank with AI 59:47 Founder Mindset and Leadership 1:13:18 Nubank's Future and Entrepreneurship
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From Cleaning Floors To Crypto Multi-Millionaire @insentos 0:00 Intro 1:44 Janitor to Trader 3:05 Scalper to Conviction 7:44 Inside Grand FNF 9:33 The Blackjack Story 12:48 Bear Market 16:26 Why He Doxxed 24:19 Top 5 Traders 27:53 Solana vs Robinhood 33:24 His Best Trade
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One of the most athletic & explosive players in NBA history!
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