Jackie Reses, former Head of HR at Yahoo and current Chair & CEO of Lead Bank, shares observations on identifying resilient talent across tech company talent pools.
“Anyone who went to Yahoo was grittier than a lot of the people who worked at higher profile companies that were just minting money, and when you came to Yahoo, you had to work a little harder, and so I find places like that are incredible places to go higher, where people might have a little bit of a chip on their shoulder, they might have to work harder, they might have to be scrappier than places where gold falls from the sky.”
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More from Jackie Reses
Opinion
Reses: No Current Crypto Use Case Has Proven Market Longevity
“I don't think we're there yet on any use case, frankly. That I think will have longevity in the market, but I do think the underlying technology is super important to experiment with and to explore new ways of building financial rails”
Jackie ResesMar 31, 2023▶ 44:57Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
Opinion
Reses: Super Apps Are a Myth Except for Outliers Like Cash App
“And so, I don't see a broad market for super apps. I think there are a few players out there who have shown that they could build multiple use cases around their product. Again, I got to go back to Square because I know it so well. Cash App is, to me, the most…”
Jackie ResesMar 31, 2023▶ 57:35Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
Insight
Reses: Raw Intelligence and Grit Beat Domain Knowledge for Novel Products
“I would rather focus on things like raw intelligence, judgment, curiosity, grit, ability to manage ambiguity, rather than looking for things like domain knowledge or operators with prior scale experience, you know, that's another big mistake where you assume b…”
Jackie ResesMar 31, 2023▶ 13:18Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
AssertionSupported
Reses: Yahoo Earned $50 Billion Through Renegotiated Alibaba Deal
“It probably generated fifty billion dollars worth of economics to Yahoo shareholders”
Jackie ResesMar 31, 2023▶ 25:21Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Reses: Next Decade of Fintech Winners Will Focus on Expense Management
“And so, I see the next 10 years of interesting companies being developed around expenses, expense management, and then infrastructure as the second component.”
Jackie ResesMar 31, 2023▶ 32:50Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Reses: Lead Bank Is a Net Beneficiary of Crypto Market Scrutiny
“There are some components for us as a bank that are also interesting because we understand how to assess risk in the crypto market, and we have been able to onboard those crypto companies that are super high quality companies that are getting unbanked by those…”
Jackie ResesMar 31, 2023▶ 44:09Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings
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