Founders in Arms Making Creative Deals with Large Enterprises with Clover Co-Founder Leonard Speiser
In this episode of Founders in Arms, Raj sits down solo with Leonard Speiser, co-founder of Clover, to explore the intricacies of building and scaling hardware startups. Speiser shares the remarkable story of how Clover achieved what seemed impossible: developing enterprise-grade payment hardware from concept to production in just nine months, eventually processing over $300 billion in payments. He discusses the innovative acquisition structure with KKR that allowed Clover to maintain startup agility while leveraging enterprise distribution, offering valuable insights for founders navigating corporate partnerships. Through candid discussions about hardware challenges, fundraising difficulties, and creative business models, this episode offers a masterclass in building transformative technology companies through unconventional paths.
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