00:10:20 · Annanay Kapila
If you lose money on a particular day, you get, like, an email from your boss, like, what what the hell happened? Silicon Valley approach is, like, you know, let's try and make something that's gonna make, like, a billion dollars in five years' time, but don't even think about the money. Right? It's, like, not even on the scale, which is, like, a new way of thinking. That was a nice part of being in San Francisco. You know, what we wanted to do is make sure everyone trades on the same equal playing field level terms. If wanna buy Tesla, Tesla trades on Nasdaq exchange, but the interface is through Robinhood. And there's another intermediary, is called a clearinghouse, which basically does the risk management and settlement. Right? It's that intermediation, three separate companies involved in doing one trade that should really just be done by one company that's as most efficient as possible. That's really what we're offering. On QFEX, our pricing is completely transparent. Right? So we don't make money from this, like, profit share agreement. We just make money from fees. Our fees are as low as possible. We actually give a lot of our fees back to users if you kinda refer your friends or whatever. It's similar to Stripe, if you want, like, a direct comparison. Stripe really released the frictions when it comes to doing payments. We're reducing the frictions when it comes to trading. And so much money trades through financial markets in ways in ways that people don't even understand that even if you make small improvements, they have massive downstream impact. I think the best founders always have that, you know, that the company they're working on is their life's work. Right? Like, they want it to be their legacy. It's more than just money for them, and I was ready to reach that stage where I I was no longer just thinking about the money. You know, there's an element of me that's, you know, doing the current company for the money, but it... There's also an element of, you know, we wanna go out there and be the change in the world that we wanna see, and here's a very obvious change that I see now that I think not a lot of other people can work on. Is this what you wanna tell your kids that you spent your life doing? Do you think this job will still be around in five, seven years' time?
00:11:57 · Annanay Kapila
If you're still a young person, you should be optimizing for learning and optimizing for growth, not optimizing for how much money you're making right now.