On this week’s podcast, I’m chatting with Jean Degagne, CEO of Stablecorp, former banking executive, and cryptocurrency expert.
Created as a partnership between 3iQ, Canada’s leading crypto asset manager, and Mavennet, a recognized leader in the blockchain development space, Stablecorp is behind the issuance of QCAD, the first ever fully-compliant Canadian-dollar stablecoin designed for the mass market.
As a Board member of CAA and CPA Ontario, a startup advisor, investor and entrepreneur, you’d be mistaken for thinking that he hasn’t retired yet. But his retired banking executive just can’t slow down. Listen to Jean’s incredible investing mindset and how he tiers his own investing strategy to ensure that he’s always got peanut butter in his fridge and plane tickets in his hand.
LISTEN TO THE PODCAST – DOWNLOAD THE TRANSCRIPT
HIGHLIGHTS:
- Jean walks through the world of cryptocurrency and the advancements that his company, Stablecorp, is making in the world of QCAD.
- Jean takes us through his investing mindset. That, as he’s now retired, he’s not earning what he did in the past, and as such, he’s investing in a manner that’s going to produce a steady income. Thus, there has been a shift towards growing assets that will produce a return.
- He uses his peanut butter and plane tickets analogy to explain the different parts of his investing strategy, which vary in size and risk—from a conservative, return paying component to investing in high-risk startups.
- He continues by saying, “The most important thing in investing in a startup is making sure that you have absolute faith in the founder. “ and concludes, “Does he or she have the stick to it ‘ness, the brains, the leadership skills, communication skills, the integrity, the resilience to be able to actually grow something.”
- He explains that his startup portfolio is tech-centric, including AI and blockchain, with a slight leaning towards medical services.
QUOTES:
“Blockchain, at its simplest, if you just think about a big database where every transaction that happens on that database is recorded on everyone’s copy of the database at the same time. So, a fully auto reconcile fully transparent immutable database would be how I would think about blockchain.”
“Today when you move money, you pay your bank. We [Stablecorp] can do this, almost for free.”
“I’ve been a corporate guy my whole life and I thought my life was hard. It is a lot harder to be a founder. So number one, it is really, really important to get to know the founder.”
“AI for me, really has a lot of promise in terms of really being able to help us make decisions faster and with a greater degree of precision.”
“I’m a real learning kind of geek and so a lot of the things I do are, one of my ulterior motives, is always learning something new about someone or something or whatever to kind of add to my little bag of tricks.”
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Listen to more podcasts by Richard Dri:
Laying the groundwork for a construction empire with Lamont Wiltshire
How a lack of likes drove an entrepreneur to create Christiancafe.com with Sam Moorcroft
source https://richarddri.ca/taking-the-cryptic-out-of-cryptocurrency-with-with-jean-degagne/
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