089 - 10 Things I Had to Quickly Unlearn After Leaving PayPal

<p><span style="font-weight: 400;">There are major differences between working in a large institution and working in a startup environment. Nothing against PayPal, but this episode is all about the mindset shift that I had to make when I left the company and joined the FinTech startup world! </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[01:31] Why you shouldn’t waste time preparing regulatory reviews in a FinTech startup environment (and what you should do instead). </span></p> <p><span style="font-weight: 400;">[02:55] What risk assessments for a startup should look like. </span></p> <p><span style="font-weight: 400;">[03:26] When you need a legal opinion, and when you don’t. </span></p> <p><span style="font-weight: 400;">[04:06] Why there is no such thing as a FinTech/crypto expert. </span></p> <p><span style="font-weight: 400;">[05:22] The importance of not being afraid to make mistakes!</span></p> <p><span style="font-weight: 400;">[05:49] Advice for dealing with auditors, bankers, lawyers, and regulators.</span></p> <p><span style="font-weight: 400;">[07:05] Mistakes are inevitable.</span></p> <p><span style="font-weight: 400;">[07:48] The best way to handle your mistakes.</span></p> <p><span style="font-weight: 400;">[08:15] Value in learning to compromise on your product complexities. </span></p> <p><span style="font