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Shalin Madan

👤 Person
168 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Having been an important staff for many years, I was getting a little frustrated with the people that I worked for. That was the reason I became an entrepreneur as part of it. I had been fortunate enough to at least have some savings and some risk appetite that I

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

plunge and to be blessed with having good partners and smart partners and a unified vision and be able to execute on that vision was tremendously appealing. I invested in the firm. I became an advisor to the firm, senior advisor. Eventually they asked me to be a co-founder and was invited as the last co-founder and the chief growth officer of the firm.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

plunge and to be blessed with having good partners and smart partners and a unified vision and be able to execute on that vision was tremendously appealing. I invested in the firm. I became an advisor to the firm, senior advisor. Eventually they asked me to be a co-founder and was invited as the last co-founder and the chief growth officer of the firm.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

plunge and to be blessed with having good partners and smart partners and a unified vision and be able to execute on that vision was tremendously appealing. I invested in the firm. I became an advisor to the firm, senior advisor. Eventually they asked me to be a co-founder and was invited as the last co-founder and the chief growth officer of the firm.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

There was an interesting trend, of course, in the early 2010s of companies moving on to the cloud. What was an interesting gap in this particular part of the industry that we'll call it the back office or the accounting business was that there had not been any migration to the cloud.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

There was an interesting trend, of course, in the early 2010s of companies moving on to the cloud. What was an interesting gap in this particular part of the industry that we'll call it the back office or the accounting business was that there had not been any migration to the cloud.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

There was an interesting trend, of course, in the early 2010s of companies moving on to the cloud. What was an interesting gap in this particular part of the industry that we'll call it the back office or the accounting business was that there had not been any migration to the cloud.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so there was an opportunity to effectively run, we'll call it full-scale accounting on a cloud-based system, effectively rebuilding an accounting platform, a fund administration platform from the ground up. So that was the original vision. It continues to be the vision.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so there was an opportunity to effectively run, we'll call it full-scale accounting on a cloud-based system, effectively rebuilding an accounting platform, a fund administration platform from the ground up. So that was the original vision. It continues to be the vision.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so there was an opportunity to effectively run, we'll call it full-scale accounting on a cloud-based system, effectively rebuilding an accounting platform, a fund administration platform from the ground up. So that was the original vision. It continues to be the vision.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the main difference really is the capabilities, the thoughts around automation, obviously the introduction of artificial intelligence. These are all really new factors in the development process. The development, of course, at the beginning was very simple use cases, beginning being like the 2017-18 timeframe.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the main difference really is the capabilities, the thoughts around automation, obviously the introduction of artificial intelligence. These are all really new factors in the development process. The development, of course, at the beginning was very simple use cases, beginning being like the 2017-18 timeframe.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the main difference really is the capabilities, the thoughts around automation, obviously the introduction of artificial intelligence. These are all really new factors in the development process. The development, of course, at the beginning was very simple use cases, beginning being like the 2017-18 timeframe.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Trading equities, for example, trading it through a single broker like pretty simple API connection, download the data, clean it, automate it, do the accounting done. What started happening, particularly with the digital asset revolution, was the complexity and the amount of information that needed to be digested by accounting systems was simply not available.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Trading equities, for example, trading it through a single broker like pretty simple API connection, download the data, clean it, automate it, do the accounting done. What started happening, particularly with the digital asset revolution, was the complexity and the amount of information that needed to be digested by accounting systems was simply not available.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Trading equities, for example, trading it through a single broker like pretty simple API connection, download the data, clean it, automate it, do the accounting done. What started happening, particularly with the digital asset revolution, was the complexity and the amount of information that needed to be digested by accounting systems was simply not available.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so we really focused our attention on that and effectively made a pivot in the 2019-2020 timeframe towards becoming a digital asset native platform. So that really is the hallmark of our evolution was focusing our attention on complexity, complex use cases for automation rather than, or I should say, maybe perhaps evolving from the simple use cases.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so we really focused our attention on that and effectively made a pivot in the 2019-2020 timeframe towards becoming a digital asset native platform. So that really is the hallmark of our evolution was focusing our attention on complexity, complex use cases for automation rather than, or I should say, maybe perhaps evolving from the simple use cases.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

And so we really focused our attention on that and effectively made a pivot in the 2019-2020 timeframe towards becoming a digital asset native platform. So that really is the hallmark of our evolution was focusing our attention on complexity, complex use cases for automation rather than, or I should say, maybe perhaps evolving from the simple use cases.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

So this is really a question I'm going to answer from an entrepreneur example. The difference between maybe how we went about things and how other companies have gone about things is that we did not receive a tremendous amount of external funding. And that caused us to be very careful and circumspect about how we spent our money, as well as how we were going to grow the business.