S6 E2: Trevor Marshall, Current

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Careers, Business, Tech News, Technology, News, Entrepreneurship

5.0 • 217 Ratings

🗓️ 25 January 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trevor Marshall grew up in NY, and has been living in the state his whole life. His path into technology was not a direct one. Prior to school, he was on the road to becoming a professional musician, studying at Juilliard. However, early on in his schooling, he found the same sort of joy he got from music in other areas, initially through economics and combinatorics - and he was hooked on math and computer science. Early on in life, Trevor's grandfather took him to the horse tracks, teaching him about the odds of a race. Fast forward several years post graduation from Columbia, he joined Morgan Stanley and got really excited about Bitcoin. He even went to his boss and asked if he could trade it... which he was promptly denied. However, that bold interaction solidified a match made in heaven for future working relationship. In fact, when his now co-founder left, Trevor followed him to continue working together. Being really into Crypto, they both wanted to figure out how to introduce these new value streams to the masses. In order to do so, they needed to build a banking product that made sense for everyone... not just the wealthy. This is the creation story of Current. Our Sponsors: * Check out Cash App and use my code CASHAPP10 for a great deal: https://click.cash.app/ui6m/mt82fpxl #CashAppPod. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions at https://cash.app/legal/us/en-us/card-agreement. Cash App Green, overdraft coverage, borrow, cash back offers and promotions provided by Cash App, a Block, Inc. brand. Visit http://cash.app/legal/podcast for full disclosures. * Check out Plaud AI and use my code CODESTORY for a great deal: https://plaud.ai Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	There's a lot of sort of forces that make it extremely expensive to be poor or to have not that much money or to live paycheck to paycheck in the U.S., which is a large majority of Americans.
0:11.1	And a lot of it comes down to the way that banking has been structured from sort of a business perspective.
0:17.5	Maybe you don't have $1,000 on, you know, an average basis. You start getting
0:21.9	hit with these minimum account fees. If you go below zero, you get charged for not having money.
0:27.5	We solve all of those issues by centralizing all of that technology into a structure that
0:33.1	allows us to capture revenue in a way that banks can't, but also serve the customer in a
0:38.5	much lower cost way. My name is Trevor Marshall, and I'm the CTO at Current.
0:47.7	This is Code Story, a podcast bringing you interviews with tech visionaries who share in the critical moments of what it takes to change in industry and build and lead.
0:59.5	A team that has your back.
1:02.3	I'm your host, Noah Laphardt.
1:04.1	And today, how Trevor Marshall created a financial product for users to get their money faster and cheaper.
1:13.5	All this and more on Coat Story.
1:19.8	Trevor Marshall grew up in New York and has been living in the state his whole life.
1:24.6	His path into technology was not a direct one.
1:29.7	Prior to school, he was on the road to becoming a professional musician, studying at Juilliard. However, early on in his schooling,
1:35.0	he found the same sort of joy he got from music in other areas, initially through economics and
1:40.2	combinatorics, and he was hooked on the math and computer science.
1:45.7	Early on in life, Trevor's grandfather took him to the horse tracks,
1:48.8	teaching him about the odds of a race.
1:50.8	Fast forward several years post-graduation from Columbia, he joined Morgan Stanley
1:54.9	and got really excited about Bitcoin.
1:57.9	He even went to his boss and asked if he could trade it, which, of course, he was
	...

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