It’s not often you hear about a family man taking the entrepreneurial plunge — especially when it involves leaving a well-established executive position — but that’s exactly what Mikaal, father of five, did. After nearly a decade with E*Trade, Mikaal founded 8 Securities, the leading mobile-only trading app for Millennials and younger in Hong Kong and Japan.
In today’s episode you’ll learn:
- Why Mikaal decided to leave E*Trade and found 8 Securities
- About 8 Securities and its business model
- Why trading on the 8 Securities platform is as safe as that of HSBC
- About the state of venture capital in Asia
- Mikaal’s advice for aspiring entrepreneurs
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What was your biggest insight from this week’s episode? Let Jay know in the comments or on Twitter: @jaykimmer.
LINKS FROM TODAY’S EPISODE
- Read the full transcript from Mikaal’s interview
- Find Mikaal on Twitter
- Find 8 Securities’ app, Tradeflix, at the App Store and Google Play
- 8 Securities
- Email: Mikaal.Abdulla@8Securities.com
DETAILED SHOW NOTES
- (1:00) Mikaal’s self-introduction and background
- (2:51) Mikaal explains why he decided to start his own company
- (5:45) Jay and Mikaal address the topic of leaving a steady paycheck to build a business
- (10:12) Mikaal gives an overview of 8 Securities and how the company has evolved
- (11:59) Mikaal compares and contrasts 8 Securities with Robinhood
- (13:55) Mikaal addresses 8 Securities’ current functionalities and those that are being built out
- (18:24) Mikaal explains 8 Securities’ business model
- (20:33) Mikaal addresses questions of trust and reputation
- (22:51) Jay and Mikaal switch gears and discuss the state of venture capital, especially in Asia
- (27:19) Mikaal’s advice for aspiring entrepreneurs
- (30:15) 8 Securities’ recently completed milestones and future goals
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