Episode 51: Interview w/ Former Enzo Co-Founder & CEO Jeremy Shoykhet

Disclaimer: I am not a financial or tax advisor. This is not financial or tax advice. This is for entertainment purposes only. Enjoy!

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Original post on my blog explaining the value prop for Enzo

Jeremy’s Linkedin

Disclaimers to Listeners

  1. Jeremy had access to questions prior to the interview but did not have any editorial input on what questions would be asked

Introduction

Jeremey is the former Co-Founder & CEO of Enzo Wealth whose goal was to Make your money work for you. They started in late 2020 and shut down in early 2023 after garnering a large user base and getting featured on Doctor of Credit mainly for their cash back offerings. We started talking in January of 2022 over email exchanges discussing his product and have kept in touch ever since. Jeremy, welcome to the show!

Alex’s Questions

  1. Jeremy, tell the listeners a bit about yourself, your background & experience?
  2. Tell me why you wanted to start Enzo? What drove you to create a Fintech of all things?
    1. Any inspirations?
    2. What was your goal with Enzo? What was unimpressive to you with other products out there?
  3. What was Enzo’s downfall?
  4. Do you see any banks out there that you think capitalized in the space Enzo left?
  5. Listening to a recent podcast episode with Ness CEO Derek Flanzraich, he detailed the huge shift in VC funding for Fintechs in the pre, during and post Covid times. How did that impact Enzo?
  6. I am very curious about the finances of a Fintech.
    1. How much does the acquisition of a customer cost on average?
    2. What is the fixed cost of one user?
  7. Enzo started the debit card rewards started PayPal Bill Pay rewards as I know it. Why did this work? Why did it change? Any insights into behind the scenes on PPBP?
  8. What goes into designing a debit card? How do you get it on boarded with digital wallets?
  9. Anything you want to plug? What’s next for you?

Listeners Questions

I shared on my Discord that I would be having you as a guest and asked for suggestions for questions to ask

bleakchoochoo

  1. Why do you think no other fintech or bank follows a model that ties their rate to the fomc with a public facing formula?
  2. What have you been up to after Enzo?
  3. If you were able to do it all again, what would you have done differently vs the same with respect to maximizing AUM (Assets Under Management)
  4. As a founder, was it a net positive or net negative to be in a server with your users?
    1. In reference to the Enzo Discord server

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