Startups are founded by people who are passionate about their ideas. It is that passion that drives a startup to success, fueling growth and attracting like-minded people to join the team. There have been many successful startups that started life as a simple idea over the years, including the headline-making Uber and its former CEO Travis Kalanick.
While Kalanick may be stepping down from his position as the CEO of Uber, a new generation of leaders with strong engineering backgrounds, are dominating the market with their own brilliant ideas.
Former LinkedIn Engineer to Lead Exeq
In a recent announcement, New York-based startup Exeq confirmed that Derek Brown will be assuming the role of the company’s CEO in the coming weeks. Brown joined Exeq back in January as CTO. His engineering background and experience as the lead product developer at LinkedIn and Addepar make him the best man for the job.
Brown also excels at making other people around him passionate about their work. This trait is becoming more commonly seen among engineers, especially those with strong leadership skills. This is a trend that materializes by design rather than coincidence.
Top universities such as the University of California Riverside and their engineering online programs have long included courses in management and leadership to help online masters in engineering degree holders adapt to the modern business environment better. The education landscape is responding to the rapid growth of startups and preparing students for the challenges to come.
The Qapital-Plaid Partnership
Exeq is not the only startup that plans to change the way people think about saving their money. Qapital, a Swedish fintech startup, is entering the US market and offering users the tools to track their expenses and manage savings accounts better. The move to the US market is made possible through a partnership with Plaid.
In the financial industry, Plaid is one of only three startups that grant access to data from big US banks through an API. In fact, Plaid was the first to implement a comprehensive API for the purpose. Its co-founder and CEO Zach Perret, also an engineer, came up with this innovative solution.
Plaid allows Qapital to offer FDIC-insured savings accounts into which users can automatically funnel funds from their existing bank accounts. The API calls provided by Plaid are what make this solution possible. Qapital’s automation features work seamlessly with the US banking system, allowing the company to offer a unique solution to saving.
The Era of Engineers
Experts believe that the startup world will be the home of more engineers in the near future. Engineers are a good fit for founding a startup – a successful one, at least. They are naturals at problem-solving and finding solutions.
The fact that today’s engineering students are learning management and leadership skills makes the future even brighter. It won’t be long before the new generation of engineers starts to take charge, establish their own startups, or even take existing startups to new heights with their bright ideas and fresh approach to leadership.