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So Money with Farnoosh Torabi

648: Jack Finio, Fund3 Co-Founder

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 6 November 2017

⏱️ 42 minutes

🧾️ Download transcript

Summary

What is Bitcoin? I’ve been getting more pitches about Bitcoin in the last 30 days than I have in last three years. It's one of those things that made me go, “Hmm, maybe we should do an entry-level, 101 discussion around this on the show?” I thought that it would be great to bring on co-founder of Fund3 Jack Finio for this discussion. Fund3 it’s a quantitative hedge fund that uses machine learning to make sense of digital assets and cryptocurrency markets. Jack is totally immersed in this market. He’s going to tell us, what is Bitcoin? Why we should care and what is the future? How is Bitcoin going to revolutionize the way we bank today? We could be on the brink of change. He’s going to talk about what he is experiencing in how Fund3 is part of this market. A little bit more about Jack... he’s a native New Yorker and grew up just steps away from Wall Street. As a result, he was intrigued by finance, investing and entrepreneurship from a very early age. By 17, Jack had won multiple business plan competitions. In college, he studied traditional finance and computer science. He quickly learned that AI and blockchain technology could become extremely disruptive and it was there he saw an opportunity to capitalize on this trend to eventually start Fund3. To learn more visit www.somoneypodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 648 Jack Finio, co-founder of Fund 3.

0:07.6

You're listening to So Money, with award-winning Money Guru Farnush Karabi.

0:11.6

Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnuus herself.

0:20.0

Looking for ways to save on gas or double your double coupons?

0:25.0

Sorry, you're in the wrong place.

0:27.0

Seeking profound ways to live a richer, happier life.

0:30.0

Welcome to So Money.

0:35.0

What is Bitcoin? We're gonna get right to it on this episode.

0:38.0

Welcome to So Money, everyone.

0:40.0

I'm your host, Farnush Terabi.

0:41.0

I should know what Bitcoin is, right? I know it's cryptocurrency but I don't

0:45.5

really know how it works I don't really think that I should have to care about

0:50.6

this I I just thought that this was something that was overly hyped and

0:55.3

hopefully would just disappear, but I have to say as somebody who works in the

1:00.1

personal finance space, who writes about it, who talks about it, who meets people all the time

1:05.0

who are doing interesting things in this full category.

1:08.1

Bitcoin is not going away.

1:09.5

I've been getting more pitches about Bitcoin in the last probably 30 days than I have in the last three years.

1:16.1

It's one of those things that makes you go, hmm, maybe we should do just a real entry-level

1:22.1

101 discussion around this on the show and I thought

1:26.8

that it would be great to bring on Jack Finneo who is the co-founder of Fund 3.

1:31.2

It's a quantitative hedge fund that uses machine learning to make sense of digital

...

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