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Andrew Kortina, a co-founder of Venmo, reminisces about transforming a college project into a fintech phenomenon that processed $17B last quarter. He shares tales from their dorm room beginnings and the challenges of user engagement and fundraising. The conversation dives into the innovative advertising strategies that fueled Venmo's growth and the impact of humor in marketing. Additionally, they discuss Venmo’s role within PayPal and Kortina's exciting new venture, FIN, aimed at revolutionizing digital assistance.
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Quick takeaways
- The journey of Venmo from a college-inspired idea to facilitating $17B in payments showcases the power of identifying market needs.
- Andrew Cortina's transition from computer science to diverse disciplines highlights the importance of adaptive thinking in entrepreneurship.
Deep dives
Launch of Bonus Show for Limited Partners
A new bonus show is introduced, allowing listeners to support the creators for $5 a month as limited partners. This format will explore topics not typically covered in standard episodes, including deeper dives into company-building themes. The inaugural episode focuses on venture capitalist jargon, featuring terms like 'Sideways Credible' and 'not raising right now.' The creators express excitement about this new avenue for content and sustainability of the show, indicating plans to reinvest funds into improving production quality.
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