Tiger Sisters
How to Survive a Stock Collapse: What Founders Get Wrong About Going Public | Dave CEO Jason Wilk
11 May 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
If you're a dedicated entrepreneur willing to work seven days a week, you can learn a lot pretty quickly.
Chapter 2: What personal experiences shaped Jason Wilk as an entrepreneur?
We've made a lot of mistakes in the first part of the business as well, but here we are today disrupting a major industry with a guy that had no experience. So anyone can do it.
I'm Cherie. I'm Jean.
I'm Jason.
And we're the Tiger Sisters.
Chapter 3: How did Jason manage the stock collapse of Dave?
We are the internet's Wall Street and Silicon Valley big sisters.
And we're a top 10 business podcast on Spotify, where we talk about money, power, and love. Most of us know what it feels like to stress about money. Overdraft fees, not having enough cushion, or just feeling like the system isn't built for us.
Jason Wilk saw that problem up close and decided to fix it. He founded Dave, a fintech company based on a simple idea. to help people avoid overdraft fees, and to access small dollar loans without the usual barriers.
Chapter 4: What leadership strategies are essential during a crisis?
Under Jason's leadership, Dave grew into one of the fastest rising names in neobanking. They went public, faced a dramatic stock collapse, and is now staging one of the most impressive comebacks in fintech.
Today, we're talking about resilience, innovation, and what it takes to reinvent banking. Jason, welcome to the Tiger Sisters podcast.
Chapter 5: How is AI transforming the fintech landscape?
Thanks for having me. Yay!
We always do that. We don't know why.
Chapter 6: What lessons can founders learn from Jason's journey with Dave?
So you've been an entrepreneur for many, many years. And looking back, what early experiences shaped the way you think about money and business today?
Well, I've always been a serial entrepreneur.
Chapter 7: What immediate steps can someone take if they feel financially stuck?
I've never had a boss my whole life. I guess I was a caddy growing up. It was my first job. But even then, that's sort of an independent contractor. You're fending for yourself.
Chapter 8: How does Jason define success for mission-driven companies?
And so I've always had to think about...
self-preservation because i've never had anyone anything to rely on no backstop of a job i grew up in a middle-class family there was no support there for me i always had to have a job right after school and yeah um i always had just an incredible amount of self um self-belief in myself to to get there and with that i never wanted to go over my over set my means make sure i never um and always had always had enough money to survive
Yeah. So Dave is built on the idea of serving people who are often overlooked by traditional banks. So what personal values can you speak to a little bit more that drive you to focus on this financial inclusion?
I think the best companies start when the founder has a real personal pain point that they're trying to solve for themselves. And for me, again, going back to not having that backstop, I was constantly overdrafting my checking accounts and trying to start my first business.
And that pain of taking a $34 up to $100 per day in overdraft fees at your bank, where you're just trying to make ends meet, build your career, is incredibly painful. And I never understood why banks had to charge such a high rate.
But after I sold my first business, had a little bit of money to have more cushion to go for a big idea, I started to really dive deep into that problem to really disrupt banking. And at the core of it, you realize that banks, it costs them $300 per year just to maintain a basic checking account. When you factor in the bank branches, there are legacy, tech stack,
So if you're a consumer that's younger, thin file credit score, can't use a JP Morgan credit card or personal loan, the only way the bank can make their money back on you is by charging these high monthly fees and overdraft fees. And I was sort of a victim of that.
So I figured if I could be persistent, build a digital first neobank that didn't rely on bank branches, build all the tech stack ourselves, you could build this highly scalable platform that would save customers millions of dollars on fees. And that's just how the business was built through, again, perseverance and solving a personal pain point.
Yeah. And I remember your first business was something with golf, right? And then you kind of just sort of jumped right into building a neobank. That's kind of crazy, no? Like, how did you have the confidence or you didn't have the actual, you know, background in doing that? So how did you go about doing that?
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