Immad Akhund is the CEO of Mercury, a bank for startups. He’s also a multi-time founder and a Dual Threat CEO with over 300+ angel investments.
Auren and Immad discuss the collapse of SVB and how Mercury handled an influx of over $2 billion in deposits. Immad explains some lesser-known structural aspects of the banking system that affect the product and customer experience.
Auren and Immad also talk about crowdfunding a startup, how much focus founders need to succeed, and why Dual Threat CEOs can outperform conventional VCs.
World of DaaS is brought to you by SafeGraph & Flex Capital. For more episodes, visit safegraph.com/podcasts.
Byrne Hobart, Author of The Diff talks with World of DaaS host Auren Hoffman. The Diff is a top newsletter that covers inflection points in finance and technology. Byrne previously worked in data-driven equity research and online marketing. In 2020, Byrne published an article stating that airline loyalty programs are worth more than the airlines themselves. These programs have been key to the airline industry's survival. Byrne and Auren dive in. They break down the mechanics of airline loyalty programs, reveal how airlines survived the pandemic, share lessons that cryptocurrencies can learn from airline loyalty programs, and more.
Dimitri Dadiomov is the co-founder and CEO of Modern Treasury, a payment operations software company valued at over $2 billion.
Auren and Dimitri discuss the future of crypto payments, innovation (or lack thereof) in the massive B2B payments space, and what Dimitri expects to change as more instant payment services come on line in the next few years.
They also dive into culture and break down how Dimitri was able to gain traction and scale Modern Treasury to a $2 billion valuation in less than four years.
You can find Auren Hoffman on Twitter at @auren and Dimitri on Twitter at @dadiomov.