Dimitri Dadiomov is the Co-founder and CEO of Modern Treasury, an operating system for the new era of payments. Dimitri and his co-founders Matt and Sam started the company in 2018 after running into the same problem working together at their previous startup. Modern Treasury has since raised over $183 million, supported by investors like YCombinator, Benchmark, Altimeter, Salesforce Ventures, Quiet Capital, WndrCo, TQ Ventures, and Edward Lando.
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Read the transcript: https://www.thespl.it/p/how-to-move-quadrillions-of-dollars
In this episode, we discuss:
How the global banking system moves over $1 quadrillion per year
Why B2B products should be easy to use with broad use cases
What makes a good API business
Why the YC application is a great forcing function for founders
How it took them six months to get their first customer, but never pivoted
Why the first customers of a B2B business should get more credit
How PLG helped build a better product
Finding holes in the market for an initial go-to-market strategy
The depth of Modern Treasury’s product
Why they should have built a sales team sooner
How deep customer relationships across many industries helped them raise a Series A
Why it’s important to go slow to go fast
How Dimitri set an intentional culture around studying other businesses
When distribution can be more important than product
What happened inside Modern Treasury during the collapse of SVB and Signature Bank
Why Dimitri sends Saturday update emails to entire company
The founders Dimitri really admires
Where to find Dimitri:
Twitter: https://twitter.com/dadiomov
LinkedIn: https://www.linkedin.com/in/dadiomov/
Where to find Turner:
Newsletter: https://www.thespl.it
Twitter: https://twitter.com/TurnerNovak
Read the transcript: https://www.thespl.it/p/how-to-move-quadrillions-of-dollars
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