Fintech Best Practices: Building a business model that actually works - Adam Nash (Daffy.org)

Adam Nash, CEO + Co-founder of Daffy.org emphasizes the critical importance of a well-thought-out business model for founders, arguing that it significantly influences a company's destiny, culture, and product development. Drawing from personal experience as an angel investor and executive at various tech companies, Adam warns against the common myth that a great product alone guarantees success, highlighting that many well-designed products fail due to misaligned business models. Using his current venture, Daffy, as a case study, he explains how adopting a membership-based model for donor-advised funds allows for greater alignment between mission, product, and market, ultimately leading to higher customer engagement and retention. Adam concludes by urging founders to take ownership of their business model decisions, as these choices shape the future of their companies.

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