Daniel Eberhard, founder of KOHO, discusses his early days starting a renewable energy company, helping Canada's underbanked, and views on building a great team. Topics include how he used $1000 to raise $1M, rethinking credit building, instant pay for employees, future plans for wealth tools at KOHO, scaling and adapting product decisions, favorite books, movies, and podcasts, and coping with challenges.
Transparency and humility are key values in building a successful company, promoting trust, engagement, and better decision-making.
Borderless simplifies the payment and compliance process for international employees, offering real-time payment options in over 150 countries.
Daniel Eberhard's entrepreneurial journey led him to focus on helping Canada's underbanked population, emphasizing the importance of building a great team and controlling one's own destiny.
Deep dives
The importance of transparency and humility in building a company
Transparency and humility are key values in building a successful company. Transparency promotes trust and engagement among team members and allows for better decision-making. Humility helps create a positive and collaborative work environment. It's important to avoid cynicism and foster a culture of transparency to drive the company's success.
Addressing the challenges of paying and managing remote workers
The shift to remote work has brought challenges for companies managing payments and invoices for international employees. Issues such as foreign exchange fees and compliance with local laws can be time-consuming and costly. Borderless, a company specializing in worker payments and contractor management, offers a solution by simplifying the process and ensuring compliance. They provide real-time payment options to contractors in over 150 countries, allowing companies to focus on their core business operations.
Daniel Eberhard's entrepreneurial journey and focus on helping the underbanked
Daniel Eberhard, founder of CoHo, discusses his early days as an entrepreneur and his belief in creating better financial solutions for all Canadians. He shares his experiences in building renewable energy companies and how they led him to focus on helping Canada's underbanked population. Eberhard emphasizes the importance of building a great team and controlling one's own destiny in pursuing entrepreneurial endeavors.
The impact of transparency and user feedback on product development
Transparency and user feedback play a crucial role in driving product development. Coho emphasizes transparency by sharing board materials, financial information, and product roadmaps with users and employees. User feedback, obtained through channels like public roadmaps and user interviews, informs product decisions and helps create a product that aligns with user needs and values.
The future of Coho and the importance of building for the long term
Coho aims to build financial solutions for a generation, taking a long-term perspective in its business strategy. As the company continues to grow and expand its offerings, it focuses on improving user experience, such as introducing wealth tools and providing users with financial education. Adapting to market conditions and maintaining a focus on the company's mission and values will guide Coho's growth and success in the future.
Daniel Eberhard is the founder of KOHO. KOHO is a Fintech company rooted in the belief that better financial solutions for all Canadians exist. In this episode, we discuss Daniel’s early days starting a renewable energy company, why he has focused on helping Canada’s underbanked and how views on building a great team.