EP 30: Conversation with Plaid & Column Founder William Hockey, Covering Adam Neumann with Author Maureen Farrell and Common Founder Brad Hargreaves

The Logan Bartlett Show

Is There a Product Market Fit That Exists?

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william: When you're pumping 26 billion dollars last year into this ecosystem, it's very hard to figure out a utility and what's not speculation. And for people to feel like they have product market fit when they're really wash trading enablement is kind of perverse incentives. Sa, bunch of like, interesting companies that are pretty small in the grand scheme of things. As a percentage of the total dollars that entered the eco system, it's just like, mostly lighting that money on fire. But a few things will emerge that have some stability to them, potentially.

In the 30th episode, William Hockey joins for a conversation on founding Plaid, what it’s like running Column with his wife, and the state of startups and fintech. Plus author of “The Cult of We” Maureen Farrell and founder of Common Brad Hargreaves join to discuss Adam Neumann and his latest real estate venture in Flow.

(0:00) Intro

(1:55) Introducing William

(4:48) Kids today

(6:22) William’s first pitch to Zach

(10:44) Data prioritization

(12:21) Providing services others don’t want to do

(21:29) Strategic decisions

(25:48) Organizing a new UI

(31:38) Selling Plaid to Visa

(33:13) Fintech in current market conditions

(38:27) William bought a bank

(44:00) Running Column as a couple

(52:03) Crypto’s role in finance

(59:57) Funding

(1:05:45) A changing path for entrepreneurs

(1:11:21) Neumann and Flow

(1:13:46) Introducing Maureen and Brad

(1:15:30) WeWork recap

(1:22:06) Common vs WeLive

(1:27:23) Community Narrative

(1:33:21) Flow’s potential use cases

(1:36:36) Why Andreessen would back this

(1:42:58) Does it help when founders are crazy?

(1:47:38) What will Neumann need to do?

(1:52:03) Outro

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.