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Ned Phillips

Founder of Bambu, a B2B2C fintech company providing robo-advisory solutions to financial institutions. He previously held leadership roles at E-Trade Asia.

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Feb 6, 2025 • 1h 1min

He raised $20M, hit $3.5M in revenue—& failed. Here are the top 3 lessons he learned. | Ned Phillips, Founder of Bambu

Ned Phillips, Founder of Bambu and former leader at E-Trade Asia, shares his rollercoaster journey in the fintech sector. He turned down a major opportunity to start his own venture, achieving $3.5M in revenue and raising $20M in funding. However, he faced unexpected challenges as enterprise clients often failed to support the product, leading to financial struggles and eventual layoffs. Ned discusses the importance of product-market fit, team dynamics, and the emotional toll of startup life, offering valuable lessons learned from his experiences.