With the high-profile implosion of FTX, risk has been in the spotlight. What does risk mean, how can retail and institutional investors mitigate it, and how should founders think about it? Our guest today is Evan Dreyer , Head of Risk Management at Tola , a fast, easy, and free tool for businesses to pay and get paid, however, and whenever they want. We talk to Evan about everything risk and how to approach it. About Evan Dreyer: Evan is the head of risk management at Tola , a financial technology company. Prior to that, he spent over twelve years at Credit Suisse, in both the risk management and investment banking departments. He is an angel investor and LP (including in Ripple Ventures). He has a bachelor's degree in economics from the University of Chicago, and a master's in risk management from NYU. A word from our sponsor: At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves.  The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at anytime. We weren’t asked for any personal guarantees or to pay any setup or monthly SaaS fees. Not only does Jeeves save us time, but they also give us cash back on our purchases including expenses like Google, Facebook, or AWS every month. New users can earn up to 3% cashback for their first 90 days. The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing of all is that Jeeves is live in  24 countries including Canada, US and many other countries around the world. Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a‍ $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally. Visit tryjeeves.com/tanktalks to learn more. In this episode we discuss: 02:26 Evan’s journey into tech and investing 07:01 Evan’s experience at Credit Suisse 10:31 Why high risk situations keep happening 13:04 The definition of risk and what it means to startups 17:37 How early stage founders should think about their risks and address them 21:28 What it means to not bury your head in the sand and address risk 23:55 Risk through the eyes of an investor 28:58 When deal terms mean to mitigate risk actually backfire 31:27 Risks in public vs. private market deals 35:22 How Evan adds value as an investor and LP 39:22 Why Evan decided to leave Credit Suisse and join a startup 41:47 What risk looks like to him now that he is a startup operator 43:49 Evan’s biggest career lesson 47:26 Thoughts on FTX and SBF Fast Favorites 🎙- Favorite Podcast: Revolutions 📰- Favorite Newsletter/Blog: Matt Levine 📲- Favorite Tech Gadget: Drones 📈-  Favorite New Trend: Digital yoga 📚- Favorite Book: Napoleon: A Life 🤔 - Favorite Life Lesson: Don't take anyone else's path to success Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.Agency