007 | The Banks.com Story Part 1
In this episode, Chris tells the story of how he got involved in Banks.com, a business venture he has been working on since 2006. Banks.com is a full service internet-based financial services provider that has a wide portfolio of financial offerings. Their mission is to disrupt the financial services industry in order to become the trusted, go-to resource for all things financial. Chris provides and in-depth look behind the scenes of the licensing deal he struck with the majority stakeholders at Banks.com. He talks about his mentality about failure, his work ethic and his journey to self-discovery. Finally,Chris shares his thoughts on the emergence of Fintech and its potential impact on the future of the financial services industry.
Listen to the end of story in "The Banks.com Story Part 2".
Host Chris Snyder is a passionate entrepreneur and digital marketer, president and partner at Juhll.com, a full-service digital marketing agency and founder, operator and investor in Banks.com, a financial online market for all things financial on the web.
- 00:43 – Chris announces a significant transaction surrounding Banks.com
- 02:23 – The genesis of Banks.com
- 06:53 – What attracted Chris to Banks.com
- 09:29 – The importance of strategic focus
- 11:49 – How Chris struck a deal to license the domain Banks.com
- 13:13 – Chris speaks to how much time went into his presentation on Banks.com
- 15:35 – The difference between a licensing deal and an outright purchase
- 17:30 – The self-discovery that Chris has undergone as an entrepreneur
- 20:19 – Chris talks about preparation, being an expert and leveraging his network during this licensing agreement
- 21:38 – Chris’ mindset going into this licensing deal
- 24:07 – Chris’ definition of failure
- 27:29 – How economic recessions shaped Chris’ business mindset
- 31:04 – Chris discusses his thoughts on Fintech
- 34:12 – Introducing listeners to the landscape of the Fintech space
- 35:50 – To Be Continued in Part Two
“I remember the days when I could just go and go and go until three or four in the morning, wake up, drink a Mountain Dew and a cup of coffee, have a croissant and just go again.” (03:53)
“If I work hard enough and I do as much as I physically, me as a human being, can do, there’s no one that is better than me at certain things.” (17:53)
“Failure, for me, has never been an option. There’s never been a safety net.” (21:49)
“Plan for the worst, absolutely, every single time. Plan for the worst, craziest shit to happen in that meeting, and hope for the best.” (26:30)
“I would really love for Banks.com to be the place where everybody gathers to get stuff done in a completely transparent and trustworthy way that is loaded with efficiency.” (33:46)