Now: CEO, Founder @BankMercury. Was: PT Partner @YCombinator , Founder @Heyzap. Investor: @nurxapp, @RappiColombia, @airtable 100+
The trend is definitely downhill for .com. Zoom is still Zoom.us (even though they own the .com).
I think there will always be a premium for .com as long as people still get to website via URLs.
We moved from Sketch to Figma and from Asana to Linear.
We don't have an active schedule but are often trying to optimize what tools we use.
Tools like marqeta.com reduced the barrier to entry in the credit card space far enough that you could launch a credit card startup with <$2m of funding.
Once you get the barrier to entry low enough…
The biggest ongoing shift in business spending is the continued shift to SaaS. Almost everything we spend money on now is SaaS based.
Part of the reason we started Mercury is to help businesses…
Financial services and regulation can seem intimidating initially. I think the key to success is to not be scared and dive in to understanding them deeply.
Often those that are best situated to…
I owe a lot to Y Combinator and giving me a path to emigrate from London to San Francisco.
At least in 2007 the silicon valley/SF scene for entrepreneurship was a lot better than in London and its…
iOS app is our most requested feature. We are going to have that live soon!
We are also close to launching virtual debit cards. So you don't have to wait for the physical card to arrive and can make…
I believe it has good Typescript support.
We don't dictate that you have to use VSCode so some engineers use other IDEs
We only have remotes in the US at the moment. So the 3 hour timezone hasn't been a big deal. Most of the conversation in Slack dies down around 4pm PT so people have time to focus.
Apart from direct…
He was a legend.
Yeah. Also from an investor perspective the cost of the .com is an asset on the books which changes the ROI argument.
A few types of business model have delayed revenue and venture debt (or any sort of debt) can make a lot of sense.
For example if you make a lot of revenue but most of your customers pay you after 90…
Many challenger banks and fin-tech companies are finally reaching the scale where they can do interesting products that were only available with scale.
This has already led to a large consumer…
I am really impressed when big companies can innovate at scale.
The most recent example of that is Tesla's Cybertruck launch. But Apple launching iPhone and Amazon launching AWS were equally…
I would weigh the following factors:
And of course Mercury for all things banking :)
We try to use the most modern tools at Mercury across the stack. These are the most crucial:
Slack, GSuite, Linear.app, Github, VSCode, Figma, Notion
Mercury is a fin-tech company and makes money on float and interchange. Most fin-tech companies are not SaaS, though some are.