Will Hockey
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This billionaire's fintech startup is going to fix the Money Supply Chain Problem | Will Hockey
Column operates as a regulated bank that replaces fragmented legacy infrastructure with direct APIs, allowing developers to move, hold, and lend money without navigating the typical dozen intermediaries. By acquiring its own banking charter, the company collapses a complex, 5-to-10-step transaction chain that previously extended development cycles to 18 months and pushed innovation outside regulatory safety. This model accelerates the creation of safer financial products for end consumers by enabling enterprises to ship compliant features in significantly less time.
William Hockey: How I Founded Plaid; The Ultimate Cold Email Tip; Hiring Lessons | 20VC #955
William Hockey, Will Hockey, Harry Stebbings, Kyle Harrison
Will Chen, the co-founder of Plaid, founded the OCC-regulated bank Column to build financial infrastructure directly on top of the Federal Reserve's protocols rather than through legacy intermediaries. Operating on a fully self-funded and employee-owned model, Chen prioritizes long-term structural efficiency over rapid venture-backed growth to bypass the inefficiencies of the current money supply chain. By acquiring a banking charter early, Chen aims to dissolve traditional "cradle-to-grave" banks into invisible infrastructure providers while enabling specialized vertical software companies to offer native financial services.