Entrepreneurs in Finance and Banking

The finance sector has always attracted entrepreneurs, and made many of their fortunes—though it is an industry that has also been prone to volatility and has by its nature tended to require larger amounts of starting capital than many other sectors might. However, it has been a consistent source of opportunities and can be expected to remain so.

Historical Entrepreneurs

Vermonter Henry Wells and New Yorkers William Fargo and John Butterfield were rivals in the highly competitive express industry—responsible for rapid delivery across a quickly expanding country—in the 1840s, and they dealt with their rivalry by joining forces and increasing their market share rather than risk destroying each other and letting some other competitor prosper in their stead. In 1850 they formed the American Express Company.

American Express ...

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