Jackie Reses
Jackie Reses (full name Jacqueline Reses) is the Chair, CEO, and Co-founder of Lead Bank, a banking-as-a-service platform she built by acquiring a Kansas City community bank in 2022. She is best known for her roles at Yahoo, where she joined the Alibaba board in 2012 and negotiated the deal that protected Yahoo's stake in Alibaba — ultimately worth approximately $40 billion at Alibaba's 2014 IPO — and at Square, where Jack Dorsey recruited her to build Square Capital and secure an Industrial Loan Company charter for Square Financial Services. Earlier in her career she was a partner at Apax Partners and spent seven years at Goldman Sachs in mergers and acquisitions.
“All participated in Lead Bank's $180M raise at a $1.5B valuation, serving as signal of institutional conviction in the infrastructure thesis”
“Lead Bank's $56M acquisition price and $1.5B valuation in roughly three years is the proof of concept.”
“Jackie ran Square Capital and Square Financial Services; Lead Bank's founding team largely came from Square.”
“Jackie ultimately became Executive Chairman of Square Financial Services, helping the company secure an Industrial Loan Company charter in 2020, the first U.S. fintech to do so.”
“Jack Ma is an incredible visionary. He is very big picture and thinks conceptually about concepts like, 'I wanna change what middle class looks like in China.' Well, that's a pretty bold vision.”
“Joe Tsai was Jackie's primary relationship at Alibaba; key counterpart in the Yahoo-Alibaba value recovery process.”
“Masa would come in and like, 'Yes, it shall be blessed.' And I was like, 'Okay, my deal has now been blessed by Masa.'”
“Jack Dorsey recruited Jackie to Square; modeled disciplined silence and listening as a leadership practice; personally led the 72-hour Bitcoin product sprint.”
“Chief of Staff to Vice President JD Vance; Jackie's brother. Provides context for Jackie's access to federal government and policy circles.”
“I don't believe there was debanking. I think it's a crock of shit. There's 5,000 banks in the United States.”
Source→“This led to the purchase of a 100-year-old community bank and building modern programmable APIs on top of it.”
Source→“It was an exceptionally well-run company. And so you watched excellence at its best at a scale that is pretty unprecedented.”
Source→“That's probably the biggest takeaway I have from my experience working side by side with him for so long is just like zip it. You don't need to talk. You don't need to put your ideas out there first.”
Source→“Jackie's career arc — Goldman Sachs → Apex PE → Yahoo → Square → LeadBank CEO — represents an extremely rare and deliberate transition from pure finance into tech operations.”
Source→“I worked in equity capital markets for a stint for this legendary executive and management committee member named Eric Dobkin.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.