Description

Summary

In this episode of Business & Brews, host Matt Pierce speaks with Carey Ransom, Managing Director of BankTech Ventures. They discuss Carey’s journey from growing up in a family business to becoming a successful entrepreneur and investor in the banking technology sector. The conversation explores the challenges and opportunities of digital transformation for community banks, the importance of building strong relationships with entrepreneurs, and a strategic approach to investing in companies that enhance banking services. Carey emphasizes the need for banks to adapt to changing market conditions and the value of supporting founders throughout their journeys.

Takeaways

• Carey grew up in a family business, shaping his understanding of entrepreneurship
• He transitioned from operating roles to investing in technology startups
• BankTech Ventures aims to help community banks navigate digital transformation
• Carey believes in treating each bank as a unique customer
• Understanding market conditions is critical for banks’ long-term growth
• Carey’s investment strategy focuses on companies that improve banking services
• He values long-term relationships with both banks and entrepreneurs
• Carey promotes the philosophy of “no founder left behind”
• Banks must adapt or risk becoming obsolete
• Carey’s journey reflects a deep commitment to supporting community banking

Chapters

00:00 Introduction and Personal Background
02:45 Journey into Technology and Entrepreneurship
06:44 The Birth of BankTech Ventures
10:31 Navigating Digital Transformation in Banking
18:51 Investment Strategies and Company Selection
25:31 Building Relationships and Supporting Entrepreneurs