Other youth-focused digital initiatives Pacsun has launched in the past year include virtual try-on experiences via Snapchat, initiatives on TikTok, and shoppable ads on Instagram. In addition to accepting bitcoin and other cryptocurrency, these initiatives also include p artnering with game development studio Melon and global online gaming platform Roblox to make select clothing items available in the Roblox Avatar Marketplac for purchase with “Robux” in-game online currency. Pacsun has been making efforts to provide digital content and services popular with its core Gen Z customer base.
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Customers then scan a QR code to complete cryptocurrency payment. Once a customer selects the Pay with BitPay button, the payment process begins with them selecting a crypto wallet, and then selecting the currency. 4, Pacsun is becoming the first major brand in the fashion and retail space to accept bitcoin and other cryptocurrencies using blockchain payment provider BitPay. They started small and then the vision expanded to address all of consumer finance needs.A teen apparel brand is the latest retailer to join the cryptocurrency trend. When you have done that, and demonstrated that you can sell that one product at scale for many customers, then you can go and grab adjacent markets. Some companies I work with that have done that well are Adyen, which was started to take credit cards over the internet, and Robinhood, which is a beautiful, simple app to trade stocks for free. Founders need to find one burning problem that is specific and well-defined, solve it perfectly, and obsess over customer satisfaction. Jan - Start very narrow and solve an important problem in an industry that allows you to solve that problem a million times. What is the one piece of advice you’d give to a founder looking to start a company? But my relationship with each are equally close, and I’m equally supportive of their businesses. Our vantage point extends across continents, and I pick the winners in a particular market regardless of geography. That’s the beauty of Index as a global firm. Founders relentless pursue complex, elegant solutions to problems, they have strong, defensible business models, and their companies are built to last. Jan - Culture and business practices differ locally, but what makes a great company succeed transcends location. Finance is a complex, challenging sector that has taken a long time to disrupt, but when startups get it right, the impact they can have is far reaching.Īre the dynamics the same between founders in Europe, Australia, and the US? Fintech companies have many building blocks to assemble: regulatory, compliance, ops, customer acquisition, and ultimately consumer trust. Opportunity is limitless, but it’s a difficult industry for startups to attack, requiring a combination financial service skills and tech innovation acumen. The #50 bank by market cap is valued over $50B. That's reflected in the size of the market and its leading companies. That means entrepreneurs in this category can have an outsize impact compared to other areas of investment. Jan - Financial services underpin every sector of the economy. Why is fintech an exciting industry for investment? Beyond venture, Jan works with the TATE in London to develop its Central and Eastern European art collection. Jan holds an MBA with Distinction from INSEAD, and is a graduate of Oxford University.
His approach as an investor is characterised by his desire to build long-lasting personal relationships and a deep conviction in his founders and their visions. His career in finance offered him insight into the extraordinary opportunities available to founders who are audacious and determined enough to rebuild the structures that govern fundamental flows of data and information. Jan joined Index in 2010, after working as an investor at General Atlantic and an investment banker at Morgan Stanley. He is ranked first in Europe on the Forbes Midas List for four years in a row, and among the top 15 on Forbes’ global list. Other companies in his portfolio include Alan, Collibra, Capitolis, and Safet圜ulture. Jan was an early-stage investor in Adyen, which IPO'd in 2018 and in Robinhood and Wise which both floated in 2021. With a focus on data and financial services, Jan has a track-record of spotting young companies that will go on to reshape the workings of the digital economy at its very deepest level.
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