In Episode #622, Nathan interviews Nektarios Liolios. He’s the CEO and co-founder of Startup Bootcamp, Financial Technology, and Insurance Technology—the leading innovation program in the financial and insurance industry. They provide funding, mentorship, office space in the heart of London, Singapore, New York and Mumbai and access into their global network including investors and VCs, up to 10 folks, each time they do it.

Famous Five:

Favorite Book? – The Lean Startup
What CEO do you follow? – N/A
Favorite online tool? — Slack
Do you get 8 hours of sleep?— No
If you could let your 20-year old self, know one thing, what would it be? – Nektarios wished that at 20, he would have known that he didn’t know everything and to be less scared

Time Stamped Show Notes:

01:28 – Nathan introduces Nektarios to the show
02:08 – Startup Bootcamp FinTech is a network of accelerators
- 02:17 – It is cohort-based
- 02:24 – The programs are industry focused programs
02:58 – Startup Bootcamp FinTech has 400 companies that have graduated
03:12 – Startup Bootcamp FinTech was launched in January 2014
03:29 – Nektarios shares how Startup Bootcamp FinTech started
- 03:56 – “To add real value, you need to be super sharp in your focus”
04:20 – Startup Bootcamp FinTech doesn’t take investments, but they take equity
- 04:30 – Startup Bootcamp FinTech takes 6% equity
05:52 – Startup Bootcamp FinTech has a variety of programs
06:35 – One of their teams is in Singapore
07:30 – Walnut Algorithms of France is part of their program
- 07:47 – It was built thinking it would revolutionize the algorithm industry
07:57 – Startup Bootcamp FinTech usually works with pre-seed startups
- 08:05 – Their products are not ready to launch yet
08:38 – Startup Bootcamp FinTech had 60 companies that are FinTech focused
08:52 – Buzzmove is one of the companies that have raised the most
- 09:05 – It provides accurate data for home insurance
- 09:25 – It is a data provider solution
- 09:35 – It sells to insurance providers
09:54 – Startup Bootcamp FinTech programs are funded by the industry players
10:26 – Nektarios shares what drives their company
11:07 – Who will win, Betterment or Wealthfront?
11:49 – It is difficult for Nektarios to discern which company will succeed
12:25 – Nathan shares his interview with Andy of Wealthfront
12:58 – Startup Bootcamp FinTech is the only program with the global reach
13:08 – Startup Bootcamp FinTech offers every entrepreneur in the globe access to their network
13:24 – The Global Insurance Accelerator is their only competition
13:34 – Nektarios shares what he thinks of the insurance space
- 13:58 – Insurance people are relevant to the industry
14:24 – Startup Bootcamp FinTech creates fund structure for every program
14:42 – Startup Bootcamp FinTech needs a minimum amount to run a program
15:05 – Every location of Startup Bootcamp FinTech has 5 people
15:53 – Startup Bootcamp FinTech isn’t driven by a commercial perspective
17:40 – The Famous Five

3 Key Points:

To add real value, you need to be razor sharp in your focus.
Insurance space has so much potential to be a lucrative space—it’s less crowded and there are so many problems to solve.
Just go for it—take the consequences as it’s going to be a ride.

Resources Mentioned:

The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia
Klipfolio – Track your business performance across all departments for FREE
Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible
Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW
Show Notes provided by Mallard Creatives

EP 622: This FinTech Accelerator Has Helped 60 Companies, Linking Industry with Startups with $17k Investment with Nektarios Liolios

SaaS Interviews with CEOs, Startups, Founders