Silicon Valley has minted loads of billionaire entrepreneurs. Right here’s one who has by no means written a line of code.
In 2002 Steve McLaughlin left his job at Goldman Sachs Group Inc. to start out an funding financial institution from his San Francisco condo. His specialty was financial-technology startups, then a backwater. At the moment the fintech sector, the place coders search to reinvent the humdrum world of banking as one thing slicker and even enjoyable, is booming, and the 52-year-old Mr. McLaughlin is its unlikely mogul.