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In this week's episode, Nick sits down with longtime friend, Richard Lee, founder of fintech startup Domeo and former Goldman Sachs and Capital Group alum who helped scale fintech LSQ to a 2024 exit. They discuss what it takes to build a company in a post-AI world, whether customers will simply vibe code their own software, and how career growth works when teams stay small and flat.
Key Takeaways
- Richard estimates his seven-person AI-native team is about 10X more productive than the 40-person team that built a similar product a decade ago
- Software will get vibe coded, but in finance and healthcare, where the margin for error is zero, trust is still the biggest barrier
- In a world of AI abundance, taste, design, and the human touch are what set companies apart
- Most CFOs can't name a software product they're happy with (Excel aside), a trust problem that predates AI
- Richard believes his revenue could 10X without adding headcount, while Nick notes many employees still see managing people as the clearest path to career growth
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