What areas of FinTech do you see the most opportunity? What is your "high-level" investment thesis?

I think Fin-tech is a really broadly defined space but there tons of opportunities being created by the “unbundling of banks.”  Today’s technology allows new companies to cost-effectively do things that many of the current banks can’t do, like Prosper lending $7000 to someone. That being said, many entrepreneurs underestimate the regulatory hurdles in fin-tech and healthcare and fail to realize that not everyone who is a regulator or banker is an idiot. Some things are they way they are for a good reason but a lot are not.