A Product Market Fit Show | Startup Podcast for Founders cover image

A Product Market Fit Show | Startup Podcast for Founders

Stripe bought his startup for $1.1B—just 2.5 years after he quit his job. | Zach Abrams, Co-Founder of Bridge

Jan 13, 2025
Zach Abrams, co-founder of Bridge and former executive at Coinbase, Square, and Brex, shares his thrilling journey from burnout to a $1.1 billion exit within just over two years. After pivoting from an NFT project, he identified a gap in stablecoin APIs, enabling developers to innovate. He discusses their challenges during market disruptions, including the FTX collapse, and the tenacity required to seize unexpected opportunities. Zach emphasizes the power of adaptability and the unique advantages of building a startup outside the Bay Area.
55:25

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Podcast summary created with Snipd AI

Quick takeaways

  • Zach's startup journey illustrates the necessity of resilience and adaptability during unpredictable market conditions in the crypto sector.
  • The pivot from NFTs to stablecoins revealed a significant unmet need, highlighting the importance of customer insights in product development.

Deep dives

Zach's Journey and Initial Challenges

Zach transitioned from a successful role at Brex to launching his own startup in early 2022, facing immediate difficulties in a challenging macroeconomic environment, especially for the crypto sector. Despite raising $8 million shortly after inception, he quickly realized the initial idea for his company was flawed and unsustainable. He spent the next several months amid market turmoil, with high-profile collapses like FTX shaking the crypto landscape, leading to critical introspection and a pivot from NFTs to exploring the potential of stablecoins. This difficult period highlighted the unpredictable nature of startups and the need for resilience in the face of setbacks.

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