The Foundr Podcast with Nathan Chan 463: Why Small Customers Matter with Immad Akhund of Mercury
Since 2006, Immad Akhund has been investing in and building startups. But he always struggled with working with traditional banks to run his startups, especially as a non-US resident. He figured someone else would solve it, but the issue was still on the table by the time he exited his fourth startup in 2017. So, he launched Mercury, a bank for startups that now is a fintech unicorn valued at $1.62 billion. On the side, Akhund also is an angel investor of 240-plus startups, many of which are unicorns.
Listen to Nathan and Immad discuss:
- How failure hooked him onto entrepreneurship
- The origins of Mercury as a fix for startup banking
- How he used Twitter to earn customers
- Why the journey is better than the end result
- Where he invests in future-state startups
- What makes a strong entrepreneur
- Why your small customers matter
- Common mistakes startups make with banks
- And much more fintech advice…
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