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Nick Bortot

Founder, BUX · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutiveinvestor@NickBortot ↗LinkedIn ↗bux.com ↗

Nick Bortot is the founder and former CEO of BUX, a European mobile trading platform. He previously served as an executive board member at Dutch online brokerage BinckBank.

8statements → 2claims → 1claims resolved → 4/5average certainty → 2.12/5average debate potential → 4.5/5argument clarity · the sources →

1 supported 0 partly supported 0 contradicted 1 not checkable as stated how the 2 claims stand · each chip opens the sources

1 prediction · 1 assertion · 6 insights · every statement was checked. The prediction and assertion are the 2 claims: statements the public record can support or contradict. 1 is resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Nick argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Bux charges 25 cents per trade versus traditional brokers' 5-10 euros
“If you look at a regular online broker as a customer, you pay between five and 10 pounds or euros, whereas we start with 25 cents for a trade.”
Nick Bortot Aug 7, 2015 ▶ 8:57 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux

Argument clarity: do they answer the question? how? →

4.5 / 5 directness 4.9 · coherence 4.9 · precision 4.1 · compression 4

answered every one of 14 assessed questions directly

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

225 words/min while actually speaking · 85.9 um and uh per 1k words

Measured by listening to the audio itself: 2,562 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 1/10
pushed back at the host ▾ 1/10
setup questions received 65%

Everything Nick Bortot said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Nick Bortot: Most retail traders trade for fun rather than profit
“In, in online brokerage was that loads of people don't trade to make money. Money for a lot of retail traders is only secondary. Most of them trade because they just like it. It's fun. It's exciting. It's people, people like to learn about what's happening on …”
Nick Bortot Aug 7, 2015 ▶ 5:44 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Insight
Nick Bortot: Startup founding teams should have at least 3-4 people
“I think a team should consist of at least three or four people. Make sure that all necessary skills are there in the team.”
Nick Bortot Aug 7, 2015 ▶ 7:51 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Insight
Nick Bortot: When a startup becomes hot, investors lose their minds
“When you get hot, it's like investors are losing their minds a little bit. It's like you're the most beautiful girl on the dance floor and everyone wants to dance with you.”
Nick Bortot Aug 7, 2015 ▶ 11:59 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Insight
Nick Bortot: Founders should raise extra capital when hot, avoiding idle cash
“I think you should try to raise more. Definitely. Not raise too much because it doesn't make sense to have money, money sitting sleeping on, on, on, on your bank account.”
Nick Bortot Aug 7, 2015 ▶ 13:00 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Insight
Nick Bortot: Pitch a targeted short list of investors, not 20-40
“I wouldn't talk to so many investors. I would look, make a list first look what investors really can add value to your company. Also look for investors that that, that, that, that give you a good feeling personally, so it's not only about ratio, it's also it's…”
Nick Bortot Aug 7, 2015 ▶ 14:29 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Insight
Nick Bortot: Regulated fintech startups should partner instead of building in-house
“So my advice would be don't do everything yourself, but try to find partners and do the focus at the thing you're good at.”
Nick Bortot Aug 7, 2015 ▶ 16:32 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Prediction Not checkable as stated
Nick Bortot: Gamification is a superior framework for educating users
“I'm convinced that it's here to stay because it's a much better way of gradually teaching people how something works. Look at the financial markets, which are pretty complex, but by taking people by the hand and by gradually teaching them the different steps, …”
Nick Bortot Aug 7, 2015 ▶ 18:52 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux
Assertion Supported
Bux charges 25 cents per trade versus traditional brokers' 5-10 euros
“If you look at a regular online broker as a customer, you pay between five and 10 pounds or euros, whereas we start with 25 cents for a trade.”
Nick Bortot Aug 7, 2015 ▶ 8:57 FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux

Appearances (1)

EpisodeDateSpeaking time
FF 007: Founding Europe's Largest Trading App with Nick Bortot, Founder @ Bux Aug 7, 2015 13m
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