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Quick question: How long do you see yourselves operating Captain401? The photos on the website make you guys look pretty young and if I were an employer I'd be
by therobot24 11y ago
Quick question: How long do you see yourselves operating Captain401?
The photos on the website make you guys look pretty young and if I were an employer I'd be nervous that --like many start-ups-- one day out of the blue I'd get an email saying Captain401 is closing. Not that youth means the start-up is doomed, just that you may want to move on to try something else. I'm sure your plans can roll over easy enough, but that just means I'll have to deal with Fidelity/Vanguard/etc anyway.
- bosco 11y agoI have to agree. Why showing the team works for a lot of startups, I don't think it works that well in fintech when dealing with other people's money. Especially when founders look young/list 0 financial experience.
- roger_lee 11y agoThat's a good question, and we want to make it clear that we don't touch any of the employee's money -- all investments are held in an SIPC-insured secure trust account by one of the nation's largest third party custodians that deals with billions of dollars. And no matter what happens to us as a company, our customers will be able to continue to use the 401k plans we've set up for them. That said, we do think youth has its advantages, esp. in a stodgy industry like finance -- some of most exciting fintech companies were started by young founders (ex. Stripe, Betterment, etc.). The last startup I co-founded, I was at for 7 years. I plan to be at this one for 10+.