Behavior & Risk
JP Morgan Chase vs. Frank: Lessons From a Failed Acquisition
55:11
The episode explores the dramatic rise and fall of Charlie Javis, an ambitious entrepreneur who founded Frank, a FinTech EdTech firm aimed at simplifying the financial aid process for students. JP Morgan Chase acquired Frank for $175 million, persuaded by the potential to tap into a valuable Gen Z market. However, due diligence failures led to the realization that Frank’s user base was grossly…