David Anderson

Founder of Tandym, a startup focused on merchant-branded payments. His experience includes consumer lending at Capital One.

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Nov 21, 2024 • 54min

He raised $16M, hit $1M ARR—& failed. Here are the top 3 lessons he learned. | David Anderson, Founder of Tandym

David Anderson, founder of Tandym and former Capital One consumer lender, shares insights from his startup journey that raised $16M but ultimately failed. He discusses the importance of starting with low-capital models and maintaining a customer-first approach. Despite reaching $1M ARR, he highlights that success isn’t guaranteed. Quick pivots and early validation of business models are crucial lessons. His experiences emphasize the unpredictable nature of fundraising and the complexities of developing innovative financial products.

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