Sergiu Negut on Romanian economy
From Sergiu Neguț: ”if there is no next level, a step back is the way to grow” · · start-up
“The Romanian economy has grown surprisingly well from a very low base, and the wealth of a country is managed by business people and businesses, not politicians, who sometimes interfere and screw things up.”
On , Sergiu Negut, Cofounder at FintechOS, spoke about Romanian economy during Sergiu Neguț: ”if there is no next level, a step back is the way to grow” on start-up.
About Sergiu Negut
Sergiu Neguț, cofounder of FintechOS, has discussed his career trajectory and views on entrepreneurship in recent interviews. He described his career as involving multiple simultaneous activities, where a side project occasionally becomes the main focus. Neguț stated that entrepreneurship is vocational and that individuals should not sacrifice their potential in a core skill, as that foundation enables them to build at a different level when opportunities arise. He also said that if there is no next level, a step back can be a way to grow, comparing it to backtracking in programming to try another route. Neguț has commented on the Romanian technology sector, saying it has matured and is now a mid-European level player with potential to be top in Europe. He described the financial sector as a huge market for technology, noting that large banks spend over $10 billion per year each on technology. In earlier interviews, Neguț emphasized that business requires both rational strategy and emotional empathy, and that the story told to partners, employees, and customers must be coherent. He also stated that the most important priority for a business is survival, followed by profitability and then impact, and that he looks for teams where he can add value beyond capital when investing.