CEO Farley Says Far Point Targeting Fintech Acquisitions

The video discusses the speaker's role and experiences at the New York Stock Exchange, focusing on the launch of Far Point Acquisition Company. It highlights investment strategies in fintech, emphasizing data value and cost efficiency. The speaker outlines the SPAC model, its benefits, and the criteria for potential acquisitions. The discussion also covers the team's composition, including notable board members, and the strategic focus on financial technology.

What is the primary focus of Far Point Acquisition Company?

• Real estate investments

• Retail businesses

• Cryptocurrency trading

• Fintech opportunities

Which trend is NOT mentioned as a focus for Far Point's acquisitions?

• Increasing value of data

• Cost efficiency

• Public company readiness

• Environmental sustainability

What is a key characteristic of companies suitable for the SPAC model?

• High quality sellers wanting to retain some ownership

• Looking to sell 100% of their assets

• Seeking top dollar in a fully vetted auction

• Companies with no public market potential

What is the speaker's initial focus in terms of financial technology?

• Cryptocurrency and blockchain

• Boring financial technology and business-to-business services

• Consumer-facing fintech apps

• High-risk, high-reward startups

Who is a notable financial backer of Far Point?

• Stanley McChrystal

• Dan Loeb

• Nikki Seligman

• Jeff Sprecher

What is emphasized about the board of Far Point?

• It consists mainly of tech entrepreneurs

• It is composed of young innovators

• It includes a Fortune 100 board

• It is focused on environmental issues

What is the strategic vision for Far Point's acquisitions?

• To limit acquisitions to small businesses

• To invest in high-risk startups

• To build a best-in-class operation and acquire a best-in-class business

• To focus solely on cryptocurrency