What was your biggest inspiration for starting Stake?
“We’re surrounded by US companies changing the Australian landscape, from Netflix killing the DVD, to Amazon threatening our supermarkets and retailers. Yet many investors are still pushed to buy on the ASX, the very companies threatened by global companies.
For Aussies, buying US shares is hard — there’s tax forms, foreign exchange fees, a mess of old-school advisors, not to mention every trade is likely to cost $65 or more, no matter how small.
I, along with my other two co-founders, Dan and Jon, were frustrated that Australians couldn't easily buy shares in the companies and ideas we wanted. So we built Stake, a super easy platform for anyone to buy US shares. We tied together dozens of partners and requirements into one, simple online shop that eliminates the sneaky charges and crappy user experience online investment has been plagued by for so long.”