Podcasts about modern treasury

April: Welcome to the Weinberg in the World Podcast where we bring stories of interdisciplinary thinking in today's complex world. My name is April and I'm your student host of this special episode of the podcast. I'm a second year student studying physics and integrated science, and I'm looking forward to learning more about our guest's career. Today, I'm excited to be speaking with Rachel Pike who graduated from Northwestern in 2006 and is now COO at Modern Treasury. Thank you, Rachel, for taking the time to speak with me today. Rachel: Nice to be here. Nice to meet you April. April: You too. To start us off today, I was wondering if you could tell us more about your time at Northwestern as an undergrad. What did you study? And how did you get to your current career path? Rachel: Oh, man, two different parts. The easy part is to say what I did at Northwestern, so I majored in chemistry, physical chemistry specifically. I had a minor in African studies through the center or program for African Studies. And I did my honors chemistry work with Franz Geiger, Professor Franz Geiger in the chemistry department. So that's sort of the what. My major extracurricular was Fusion Dance Company. That's where I spent a lot of my time. How I went from there to here is such a circuitous, crazy path. It is not direct. I left Northwestern and did a Gates scholarship, I did a PhD in chemistry at Cambridge. Loved it, but I was not meant to be a professor. You could ask John Pyle or Franz Geiger, both of whom advised me. It's just it takes a very certain wonderful mindset, but it's not me, to be a lifelong academic. So I left academics and got an amazing role in venture capital and got to learn all about startups from the investing side. Did that for just over four years. And in my last couple years, started getting really close to one of our companies and operating with them and ended up launching products for them and got the bug. Realized that that was a better calling, a better match for me, which we can talk more about what I mean by that. And moved into operating, so then I worked for a health tech healthcare software company and then I moved here into FinTech. So it sort of couldn't be more random, but also each step made sense only as one step. It's just as a sum, they lead you very far from where you were. Not normal in any sense, but in the end I just don't think anything is normal. All paths turn out to be good as you make these accumulation of small decisions. April: Yeah, okay. What are the most challenging and rewarding aspects of your current job then? Rachel: There's a lot. The hardest thing in a startup, there's so many things that are hard about startups, growing startups, but prioritization and focus is one of the hardest things. And you have to actually prioritize not doing things you want to do, which is very antithetical to what it's like to be a driven, hungry person and be in a company of 200 driven, hungry people. You want to do everything that you see that seems like a big opportunity and a challenge that we need to fix, but you can't. There just literally is not enough time in the day and there's opportunity cost to lack of focus. So I think the hardest thing is, the phrase I always use with my teams is you have to let that fire burn. You just have to pick things that you know are broken that you're not going to fix, that it's not the highest priority thing to fix or things you want to work on that you know we just can't go work on that thing right now, we have to work on this other thing. So it's very counterintuitive and I would say that's the hardest thing to learn when you enter startups, how to get through that kind of mindset. April: Yeah, prioritization is pretty hard when there's so many options. Rachel: Yeah. Yeah, when there's so many options and when you're hungry and you feel like a small startup is always up against big Goliaths, so there's a billion things you can do to go after companies that are bigger. So I would say that's the hardest in terms of not the content of what we do is the wrong word, but what Modern Treasury builds and how we bring it and sell it in the market and how we run the company. Letting fires burn and ruthless prioritization is the most unnatural part of working for a startup, I would say. On the interpersonal part, so not what we do, but how we do it, like in every stage of life and everywhere I've been, the hardest part of anything is getting really good at giving and receiving feedback. And that is a lifelong, you have to dedicate your life to it and using that to make decisions with people. April: Could you talk a little bit more about what your company does and what your role is? Rachel: Yeah, sure. So I'm chief operating officer of Modern Treasury. Modern Treasury is a payment operations software platform. So we help companies of all sizes, from other startups to huge big public companies, manage their money movement. And it sort of sounds like a back office thing, but really, we actually mostly get bought by product and engineering teams. And those product and engineering teams that are our customers want to do payment stuff. They want to build a digital wallet or embed payments in their application. Or we also serve non-tech companies, so you're buying a house and you need to pay the real estate agent or you're buying a house and you have to go through the title and escrow process on that home purchase. A lot of money moves around in those businesses. In fact, it's core to all of those products to move and manage and track money. So we build the software for that. Complex payment systems get built on top of us and complex payment products. We have an engineering database product called Ledgers, which is how you, with high performance and perfect fidelity, track balances, which is a really hard computer science problem, although it seems that it should be easy. It's a very hard computer science problem. And then you can imagine that as we grow and have more and more data and understanding, we're building more and more AI into our platform, so teams can run in a safe way with AI helping them. So anyway, yeah, it's a complicated thing that we do, but we help companies move and manage their money movement. April: Okay, cool. So how well did college prepare you for this career, do you think? Or what was the most important skill that you learned from college? Rachel: There's so many things that you learn in college as you sort of separate from home life and become your own person. I think there's soft skills and hard skills. I obviously don't use the traditional academic knowledge that I got in my undergrad and graduate experiences in chemistry, not a chemist anymore. But I don't think there's anything that can replace scientific training in how to think and pursue questions and how to separate how to go through a research process and understand and also understand the limits of your knowledge. That is a very profound experience the more advanced you get in science. I didn't even get that advanced. But in understanding the boundaries of what the community of scientists knows and what personally and how to ask questions, build a hypothesis, and go again. And I know that the hypothesis process is something you learn in like second grade or fourth grade or whatever, you go to school, but truly, that process is very hard, like holding yourself to a standard of making a rigorous, very thought out hypothesis and understanding what would prove or disprove that. In a scientific setting in a lab, sometimes it's a little easier to go through that process. Hey, if this experiment works, I'll see X. In a business environment, that's actually very hard. How do you measure? Is that metric actually counting that? What else is getting conflated into these signals and systems? And then almost everything, unless it's something like website clicks or latency or something that's directly measurable, almost all the signal that you get is mediated through people. So not only do you have to go through this process of trying to constantly get to truth, everything that you're trying to pursue is going through people. So I would say academically, that's the longest lasting impression for me. My team gets annoyed because I say things like rate-limiting step all the time, which is a chemistry phrase. So it taught me how to think. I think another very impactful part of my college, two other very impactful parts of my college experience, Fusion was just getting started, I was one of the people that helped get it started. And starting a club that is, very proud to say it's long-standing and I could never audition and get accepted today, is a lot like starting any organization. How do you run things? What is governance like? How do you navigate people? What are the expectations? How do you communicate that? How do you do things excellently? Starting and building a club is very similar to starting and building an organization, it's just we get a lot more complicated with time. So I learned a lot in that process and running rehearsals and putting on a show and what it's like to run an audition process. I have very fond memories of that. And lastly, I would say is I studied abroad for all of junior year. And I don't know if this is true, but someone along the way of me, because chemistry has so many sequential requirements, and it was very hard for me to figure out how to do those requirements and still be away for a year, someone along the way told me I was the only chemistry major who was ever away for a year then. It's probably not true now. I also don't know if that's true, speaking of rigorous hypotheses, so that's an aside. But the experience of being abroad, I was in Tanzania, was obviously profoundly eye-opening. And being in multiple cultural contexts, not just for travel, but for a long period of time with real life, day-to-day life, it just changed my whole perspective on the world. And then same thing, I lived abroad again for my PhD, so I was abroad on and off again for about like five out of six years. It really changed my perspective on the world, my perspective on people, and I only got that opportunity because of college. April: Yeah, college is a great time to study abroad and do those things. Rachel: Yeah. Yeah. April: [inaudible 00:09:31] possibilities, yeah. Also, it's so interesting to hear that you found Fusion or helped found it because it's such a big thing on campus now. Rachel: It's such a huge thing now. April: [inaudible 00:09:39]. Rachel: Yeah, no. We really grew it, but it was small when we started. We were just in parades and doing small shows, and then we finally started putting shows on in Tech my last two years there. It was very fun, really meaningful experience. April: That's great. Yeah. Rachel: Yeah. April: Then you kind of touched a little bit on this, but could you elaborate more on the biggest adjustment you had to make going from undergrad to industry? Rachel: I actually got this piece of advice when I went from my PhD to venture. I went and had coffee. One of the coolest things about Silicon Valley and the technology community is that it's very open and if you ask people for advice, they're really open to giving it and having conversations like this, but times 10. So one of the coffees I had was with someone who had also had a PhD and moved into venture. And he said something to me that has always stuck with me, which is the biggest adjustment you're going to have to make is the complete lack of rigor in business decisions, which is hysterical, and I don't think fully true, which I'll explain, but it is true, the standards of rigor in academic science are completely different than the standards of rigor in making a business decision. So I always think about that moment of you got to get used to the fact that they make decisions with less information. I think that's only partially true. I think one of the reasons is true is what we talked about, that data is often mediated through people, and so it doesn't feel as rigorous. But actually, the decisions you're making about and with people are just as important. It's just different, and that is a very big adjustment. There is not always right. It's not a test or a thesis or whatever, and that's a big change. There's just making a decision and then owning the consequences of the decision and upside of the decision. But that, it's a huge change. So that's what I would say one of the biggest adjustments that I had to make. On a more practical basis, specifically like Silicon Valley and startups, they're just opportunities, they are roles, sorry, environments with very little management structure. That's the whole point, you're doing something from scratch. There's not someone telling you what to do. That's not true if you go into industry and go to a very big technology company or a bunch of industries I've never been in that are managed in totally different ways. That obviously is like two hops from undergrad. I had a PhD and then I had time in investing. But yeah, working without a lot of oversight, also a big change. April: [inaudible 00:11:58]. The training you get from undergrad to grad school and then going to industry, it's a bit of an adjustment, but yeah. Rachel: Yeah. April: It's an interesting problem, how you would apply your scientific training to the business world. Rachel: Yeah. What do we know and what do we not know, is a question I often try and ask myself. In fact, I was thinking about it late last night about something we're trying to figure out in our business. And it's hard because you sometimes feel like you know things that you don't. It's a trick of the brain. April: Then sort of related, but what are some current trends that you're seeing in the industry or in the area that you work or some of the modern day challenges? Rachel: I would be remiss if I didn't say the most enormous trend in technology right now is AI. So there's sort of no other answer you can give them that, this unbelievable explosion in technical capability and then it's application into all kinds of industries. So I don't know, Modern Treasury has been such an interesting ride. One of the things that is interesting about startups is you really cannot predict the world around you. So this tiny company, we're not tiny anymore, but this company that was tiny, I was the first employee, it was just the four of us, just us chickens in a co-working space, trying to build this payment operations company. And in the interim, COVID happened and we could never work together again until many years later. And then Silicon Valley Bank crashed and there were multiple bank failures all over the country. If that had happened two years earlier, it would've taken our business down. As it happened, it accelerated our business like, oh my god, better lucky than good. Now we're going through an AI transformation. Crypto has gone up and down three times in those six and a half years. It's just wild what happens around you and how that affects the work you do day to day. So I don't know. One thing I would say is things are unpredictable. I have never learned that more than in this particular job I'm in now. April: For sure. Would you say that kind of unpredictability is characteristic of working at a startup versus a larger company or even in academia, for example? Rachel: It's a good question. I'm not sure I'm the right person to answer because I've never worked in a huge company. I've always worked in... Investing is also in the business of startups, so I don't think I'm the right person to answer. I think I have a hypothesis that it affects you less. If you're in a big established company where things don't go, the amplitude of the curve isn't quite the same level, I don't think you necessarily feel it as much. AI is happening to everyone no matter where you work, right? I assume you're all using it every day in your undergraduate environment. So that's universal. I think how it affects your job or what you're using it for is probably different. If you're a computer science undergrad, it's really affecting what your experience is like compared to five years ago. If you're a physical chemistry undergrad like I was, doing some frequency generations two floors below in the basement of Tech, I'm sure it's helping on the research side, but nothing changes the lasers but hands yet, until the AI robots come. So I just think it depends how much the volatility affects your certain area of pursuit. April: That makes sense, yeah. So with all this volatility, how do you approach work-life balance? Rachel: I don't think there is any, in all honesty. My mornings are totally insane between the 27 things I'm trying to do, and I'm always later than I want to be to my first meeting, and that just is what it is. I actually have a four-page document called Working with Rachel and for people to get to know what it's like to work with me when I hire and bring on new teams or new managers, et cetera. And one of the things that's in here is my mornings are insane and I'm always late and I'm totally frazzled and whatever, but I can almost always talk in the afternoons and nights almost any day. You just have to know your rhythm. Exercise is a huge part of my management of work-life balance. So probably started before Fusion, but definitely long, hard dance practices helped me get through undergrad. And at every phase of life I've sort of had a different exercise, deep exercise pursuit and crutch, I would say, to get through the craziness of life. So that's really important for me personally to focus and, I don't know, just get to a different level than the overly intellectual all the time, brainwave level into the body and into the breath. So that's huge. And then more tactically, I'm terrible about always having my phone around, but I do always have my laptop on do not disturb. So when I'm working in my environment, Slack and email are going constantly nonstop, especially Slack. So if I actually want to write or actually want to read or actually want to listen, the pings don't help. But to do my job, I need to be ever present with my teams. So just practically, it's always on do not disturb, and then I pick when I check. So I don't know, that goes from small to big of how I manage and cope with work-life balance, but it's the truth. April: There's some pretty good tips though. Sympathize. Rachel: Do people in Northwestern use Slack? Is that part of an undergrad life or no? April: Some of the clubs use it. I have a couple- Rachel: More texting? April: Yeah, they use GroupMe. Yeah. And then I know a lot of the research labs use Slack. Rachel: Oh, that makes sense. April: Yeah. Rachel: Yeah. But less of the all in every day, all encompassing, et cetera. April: Yeah. Rachel: Yeah. April: Do you think those work-life balance habits were developed during your graduate school years or in college or as you go into industry? Rachel: I don't know about do not disturb because technology has, not technology, but the physical hardware of communication has advanced so much. I'm so old compared to you guys. And when I was an undergrad, Facebook came out when I was a sophomore. So just think about how different of a world it was then. We had really kludgy Hermes email, Hermes email server at Northwestern. So the never ending notification encroach on our life, it existed then. And of course, we texted, but we texted T9. So it's just a different world. So we had it and obviously we all needed to learn how to focus, but not to the extent that it is a challenge for people in college and PhD programs now, I don't think. That's my guess as an outsider. But some things, like exercise, 100%. I think those things get developed earlier on. But once you're in university, it's your decision to continue to pursue them and how much you pursue them and how much they're a part of the rhythm of your life. So that, I would say for sure, I established for myself at Northwestern. April: Was there anything at Northwestern that you wish you had participated in that you didn't? Or the other way around, that you did but you wish you had opted out? Rachel: I wish I'd done dance marathon earlier. I only did it senior year and it was like what an incredible experience. Once you had the experience, then you realize, oh, I should have been doing this the whole time because it's like, I don't know, it's just something you could only do in an all encompassing environment like that. My major regret at Northwestern is actually academic, which is a silly small choice, but I studied French in elementary and high school and I really wanted to learn Spanish as a California person. So I took it in college, but that ate up a lot of quarters of getting my language credit because I was going from scratch. So my regret, and I'm not very good at languages anyway, so it's not like it stuck around, my regret is actually not that I took it, it came from good intentions, but that I used up six possibilities of taking classes in non-chemistry, non-African studies. Just you're spoiled for opportunity in undergrad of going to learn about everything. And it's one of the amazing parts about Northwestern and the way they do the core curriculum, that everyone has to learn a little bit of everything somehow. And that's my biggest regret. I regret not taking a philosophy class or a whatever. I took one world religion class, but should I have taken two. That breadth is the thing that I crave and miss. And by the time you get to PhD, and certainly in the British education system, you specialize earlier, so that opportunity's gone. You can obviously go to lectures and stuff, which I did, but it's not the same as being in a class. So yeah, my biggest I wish I had is I wish I hadn't taken Spanish in that environment and done it some other way and had six quarters to go just do dealer's choice of interesting things in departments I never would've gotten to know. April: Did you have the Weinberg language requirement? Rachel: Yes. April: But you got out of it with French? Rachel: I could have taken I think only one quarter or no, I can't remember how my testing was, sorry. But I could have taken either one quarter or zero quarters of French. But I instead put myself from scratch with Spanish because I've never taken it before. So I don't know, I just think that was good intentions, wrong decision. April: It happens. Rachel: Anyway, yeah, that's my biggest, I don't know, regret is too strong a word, but if I had a magic wand and could do it all over again, I would've taken more general humanities or other types of classes. April: Speaking of classes, what were some of your favorite classes at Northwestern? If you were to- Rachel: Oh my God, do I even remember? April: Yeah. Rachel: The physical chemistry. I don't remember if it's physical chemistry honors class or physical chemistry practicum. It's the last thing you take senior year with real world lab problems. And that class, there were six of us and we were in lab, I don't know, four or five hours twice a week. We were there all the time. It was so hard and so intellectually stimulating. I remember that class extremely well. I remember my world religions class. I don't remember who taught it, but it was the only time I ever studied anything like that. That was interesting. And I remember some of the seminar debates I had with other people. I don't know, those are the two that come to mind. April: Very cool. Now that we're getting towards the end of our time, the last question is if you were to look back on your undergrad, which I suppose we already did a little bit, but what advice would you give, I suppose, other people in your position? Rachel: I have one very specific piece of advice that I give to a lot of undergrads or people early in career, which I can share. And then the other is one that I give all the time now, but I don't know if it's relevant, but I'll share that one too. I'll start with the second one first because it might be less relevant. The one I give now, that is also can be very counterintuitive to people who are working on giving and getting feedback and what it takes to truly manage and motivate teens, is that clarity is more compassionate than kindness. And I don't mean don't be kind because the goal is, of course, to deliver clarity with extreme compassion and care. But it's nerve wracking to tell someone, "You're not meeting expectations for this role," or, "We did not hit our goal as a company and we have to make this really hard decision," or whatever the hard thing is that you have to say. It's harder to say it clearer than to say, "Well, I know you this and what about that, and I'm so sorry and this is hard, blah, blah, blah. But I think maybe the role," and then the person walks away and is like, "I don't know what I heard," and they don't know that they're not meeting expectations. So I would say that took me, it's a lifelong pursuit, I don't think I'm perfect at it yet. No one anywhere in my academic career, undergrad or grad, really taught me that. So that's one. I'm not sure if that's relevant for a sophomore undergrad, but maybe. April: I think so. Rachel: Could be. The advice that I often give to undergrads or very early in career folks, who are either looking for startups or end up whatever. I actually have a call with one this afternoon who's a woman who's a family friend who's thinking about a job change and she's like just wants my advice. I think that one of the unrealistic things that somehow culturally gets imbued in very driven and successful students, like all of the people who get accepted to Northwestern, is that you can have it all in your first job. And that is fucking bullshit. And I think it leads to a huge amount of heartache and angst because it's not true. Now, what you can have is one or two awesome things. So when you're, like you graduated at 21 or 22 or whatever age you are, you have usually no strings attached. You can make incredible broad decisions that you can't make later on and that affords you the opportunity to go do amazing things. But what you can't do is do it all at once in that one first job. So the specific example that I often give is you could pick where you work or what industry you work in or that you make a lot of money, but it is basically impossible to pick all of those things. So if you're a econ undergrad at Northwestern, of which there are many, it's probably pretty hard to work in a mission-driven company, make a 300,000 a year banker undergrad job, and move abroad for that first job as an American, blah, blah. That doesn't exist. If you want to make a lot of money, there are incredible programs with established firms where they really reward you for hard work really early on and that's the trade that that job encompasses. And if that's valuable to you, awesome. But you're probably going to be in one of their major locations and they're unlikely to ship you to Sydney for being 22. If you have the opportunity to go do something extremely mission driven that speaks to you, that's amazing, go do that. But you're probably not necessarily going to pick where or you're not going to be highly compensated. So I often talk to people who are in their early 20s who are like, "But I really want to be in New York, but I really want to work, I want to be in the arts and I want to do this, but I need a lot of money to support this thing." You're like, "You can't have it all." And that's not bad, it's just true. And it's much more compassionate for me to tell you, April, if you want to pursue physics, that's awesome. I was a PhD student. You're not going to make any money in your 20s. April: That's true. Rachel: But you might work at the cutting edge of science in something incredible that super motivates you. That's awesome. So if I could wave a magic wand for undergrads, I would get rid of that angst of that decision making. And the decision can have angst because it can be hard to choose a path, but the you can have it all, I think is a great lie. That's not fair to people in their late teens and early 20s in undergrad. I thought of another one, so I'm going to give you a third, even though you didn't solicit another one. Which is you at the beginning of this you asked about my career, which is kind of all over the place from a traditional perspective. I was in academics and then I went to investing, and then I went to startups. And then in startups, I was in healthcare and I went into payments in FinTech. It's all over the place. Every time I made the jump, everyone around me told me I shouldn't because I was leaving their path. And to be an amazing professor, you stay in academics. So people leaving academics is like, they don't want to give you the advice to do that. Or when you're in investing, the way you stay in it, and particularly in private investing, it's long feedback cycles. You got to stay and practice the craft. So I said, "Hey, I'm an operator at heart. I'm going to go do this thing." Some people encouraged me, but many people said, "Why would you ever do that? Why would you ever leave the job you have? Stay in practice." And then same when I left healthcare and picked a totally new thing. So that's more mid-career advice, which is like it's okay to leave that perfect tracked path and trust your gut. April: Yeah, that's actually really valuable advice, so thank you. Rachel: I hope so. April: Yeah. Thanks for taking the time out of your day to talk with me and to give all this advice to whoever's listening. Rachel: Yeah. It's awesome. Nice to meet you, April. April: Mm-hmm. And thank you for listening to this episode of the Weinberg in the World Podcast. We hope you have a great day and go Cats.  

Carlos Delatorre is one of the legendary go-to-market leaders of the last 20 years. Today, Carlos is the Chief Revenue Officer (CRO) at Harness, where he oversees global sales and go-to-market (GTM) operations. Before Harness, Carlos was the CRO @ MongoDB and Navan. Carlos is also an investor with a portfolio including the likes of Modern Treasury and Starburst to name a few.  In Today's Sales Masterclass We Discuss: 03:48 The Art and Science of Sales 04:42 How to Hire Sales Talent 06:26 How to Build a Sales Team 15:28 Why Every Sales Rep Should do Pipeline Generation  19:45 How the Best Reps to Pipeline Generation 21:34 Biggest challenges of Pipeline Generation 22:44 Pipeline Generation Success Stories 34:59 Sales Metrics and Conversion Rates 35:32 Customer Acquisition Strategies 37:17 Evaluating Sales Performance 39:14 Effective Sales Training 43:10 Pipeline Generation and Deal Reviews 45:05 Maintaining Sales Team Morale 46:20 Verticalized Sales Playbooks 48:37 Addressing SaaS Churn Rates 49:49 Discounting and Deal Slippage 52:02 Transitioning to CEO Role 54:15 Hiring Mistakes and Sales Rep Evolution 57:03 In-Person vs. Remote Sales Teams 57:55 Account Management Strategies 01:02:47 Creative Sales Tactics 01:04:12 Final Advice for Sales Leaders 01:04:46 Adapting Sales Strategies During Crisis    

The introduction of real-time payments in the U.S. market has been unfolding for several years now, but it seemed to pick up momentum in the last year as FedNow came to market. We now have over 1,000 banks live with real-time payments (at least for receiving) and a solid majority of transaction accounts are now reachable via FedNow, The Clearing House's RTP system, or both. We wanted to understand whether we might be reaching the elusive “tipping point” for real-time payments in the U.S. and which players and what kind of use cases might be driving the growth. So, we turned to an old and respected friend of Glenbrook to share a perspective. In this episode, we go deep on the state of real-time with Dimitri Dadiomov. Dimitri is CEO at Modern Treasury, which gives him a birds-eye view of transaction trends as his company connects major corporations and leading-edge fintech platforms to a growing set of major banks in order to enable and streamline the origination of many money movement use cases.

We sit down with legendary quarterback Joe Montana to discuss his transition from one of the greatest athletes of all time to… one of the great venture investors today. Joe shares some of the lessons that he learned winning Super Bowls with the 49ers that he applies to his investing career at Liquid 2 Ventures. Joe also goes into their firm's strategy and performance, finding and investing in dozens of unicorn startups at the seed and pre-seed stage.This interview was recorded live at Modern Treasury's Transfer conference in May 2024.Acquired's arena show at Chase Center in San Francisco is just a few weeks away! We hope you can join us. acquired.fm/sfSponsors:Vanta

Welcome back to a very special BONUS episode! Today on the episode we welcome Matt Marcus and Dimitri Dadiomov, both Co-Founders of Modern Treasury, to discuss the upcoming Transfer Conference on May 15th, new product offerings at MT, and some hot takes on AI's applications in fintech and payments. Enjoy! Remember, you can watch our beautiful faces doing the video show over on YouTube! Links:Transfer Conference on May 15thModern TreasuryDimitri on LinkedinMatt on LinkedinSponsor:SkipifyTopics:(00:00:00) - Catch Up on Life & MT's Focus(00:06:45) - Defining Reconciliation in the Payment Arena(00:10:32) - Defining Reconciliation For Companies that Move a Lot of Money(00:21:30) - Addressing Real Customer Problems(0:25:37) - Building a Communicative Culture and Feedback Loop(00:37:21) - The Potential of AI

A Model, Modern Treasury? Evaluating Spending Controls In The UK From 1992 - 2015 by Overseas Development Institute

Hey Fintech Nerds

Join FPC Executive Director Reed Luhtanen as he talks with Sam Aarons, Co-Founder and CTO at Modern Treasury. Sam will talk about why he sees increased standardization as a potential catalyst for faster payments, how to drive demand and interest among corporates, and some reality television.

Join us for this week's Treasury Career Corner podcast as we chat with Andy Henley, the Group Treasury Director at Tesco, about his diverse career journey and the importance of building strong teams and connections in treasury.Andy Henley is the Group Treasury Director at Tesco, one of the world's largest retailers. With his deep finance and treasury expertise, Andy has successfully navigated various roles and industries, making him a valuable guest to listen to.In this episode, Andy shares his career journey from starting at PwC to working in corporate finance and eventually landing his current role at Tesco. He discusses the challenges he faced, the opportunities he seized, and the importance of building strong teams and connections in treasury. Andy also emphasizes the need for flexibility and open-mindedness in one's career, as well as the value of demystifying treasury and connecting it with the rest of the business.On the podcast we discuss… Insights into Andy's career journey and the lessons he learned along the way.The importance of building strong teams and connections in treasury.The value of flexibility and open-mindedness in one's career.How to demystify treasury and connect it with the rest of the business.The challenges and opportunities in the world of corporate treasury.You can connect with Andrew Henley on LinkedIn. Are you interested in pursuing a career within Treasury?Whether you've recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move!If you're enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts click here!To subscribe to the Treasury Career Corner podcast via:Apple

Look into the "Beyond the Buzz Words" E-book for free here on our website!Welcome to the Corporate Treasury 101 podcast!This is the third and final part of our full interview with Alex Axentiev, where we discuss about The HedgeFlows Approach to Modern Treasury Challenges.In the episode of today, expect to learn:What services and solutions does the HedgeFlows team provide?How does HedgeFlows differentiate its offerings in the competitive market?In what ways does HedgeFlows address the evolving needs of modern treasuries?How are the innovations at HedgeFlows shaping the future of treasury management?And… much more!We hope you will enjoy the episode. If that is the case, and when you are thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform.This is our only request to you. The best way you can support the podcast is to head to YouTube and subscribe to our YouTube channel Corporate Treasury 101, that would mean the world to us, and help more people learn about Treasury! Learn More from Alex Axentiev: Click Here.Sponsor:Automation Boutique - "Beyond the Buzz Words" E-book for free here on our website!Links & References:Alex on LinkedIn: Click Here.Hedgeflows Website: Click Here.__________________________Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com.

Patrick Kunz (Pecunia Treasury & Finance) joins Eleanor Hill (TMI) to explore the key elements that define a high-performing treasury consultancy in today's financial landscape.  In this podcast, learn how technology enhances advisory efficiency and cost-effectiveness, emphasising crucial aspects. Gain insights into Pecunia's strategic partnership with Treasury Delta, revealing advantages for consultants and clients in RFPs. Lastly, receive valuable advice around on how to effectively leverage future tech considerations like RPA, APIs, and AI, while unraveling the delicate balance between data-driven approaches and human expertise.

Daniel Yubi, CEO of Payable, headquartered in London, spoke to Rudolf Falat, founder of the Voice of FinTech podcast, about improving Treasury operations through their software. Here is what they talked about:  Daniel's backstory - how he got to do what he does today What problem is Payable solving, and why is it worth solving? What is their solution and their unique selling point What's their technology angle Who are Payable's key clients What is the role of the finance team in scaling FinTechs? What is the CFO stack, and what is the FinTech market opportunity? What's Daniel's advice on how to build and develop FinTech propositions the market wants and needs? What are the milestones Daniel wants to achieve next What's your favorite business book? The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers and Marcus Aurelius works What's the best way to reach out: Daniel Yubi on LinkedIn

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.We're thrilled to bring on Brad Gerstner, Founder and CEO of Altimeter Capital. Altimeter was first founded in 2008 during the GFC with an initial fund of only $3 Million which Brad raised from friends and family. Today the firm employs both private and public strategies, with over $17.9B in AUM.Altimeter takes an incredibly focused and high-conviction approach to investing and has backed companies such as Snowflake, Unity, Gusto, and Modern Treasury. And now manages a variety of venture and public funds, taking a hybrid and pragmatic approach to funding, using a variety of vehicles depending on stage and need to give companies and managers access to capital.About Brad Gerstner:Brad Gerstner is the Founder and CEO of Altimeter Capital. Before Altimeter, Brad worked as a multiple-time entrepreneur, was a founding principal of General Catalyst, and worked at PAR Capital. He is also an active thought leader on all aspects of the innovation economy, including numerous media appearances and a recurring role on the popular All-In Podcast. And Brad is working to improve the future of the country through efforts such as Invest America.He earned a bachelor's from Wabash College, a JD from Indiana University, and an MBA from Harvard Business School.In this episode, we discuss:* (2:17) Brad discusses his early life in Indiana and the influence of his father's entrepreneurial journey​​.* (3:23) Brad talks about his path to law school and subsequent shift towards technology and entrepreneurship​​.* (4:10) His impulsive trip to Silicon Valley and his first experiences there​​.* (7:18) Brad discusses his insights into public and private markets and the realization of the need to participate in the venture market​​.* (11:24) He explains the motivation and founding principles behind Altimeter, focusing on competitive advantage​​.* (12:28) Brad highlights Altimeter's unique approach, combining venture capital experience with public market sensibility​​.* (14:02) He speaks about the importance of founders choosing partners that provide intellectual resources along with capital​​.* (18:41) Brad reflects on Altimeter's investment strategy and acknowledges that they haven't always done everything perfectly​​.* (20:44) He discusses the cyclical nature of the venture business and the importance of the price of entry in investments​​.* (23:24) Brad talks about technology super cycles and how they improve lives and outcomes​​.* (28:19) He elaborates on the role of cloud computing and AI in reshaping industries and improving consumer experiences​​.* (30:09) Discussing the evolution of search engines, Brad talks about the transition from Google as a card catalog to an answer bot​​.* (32:32) He shares insights on the power of AI in business and its impact on efficiency and profitability​​.* (39:45) Brad explains Altimeter's disciplined approach to valuation and their investment decision-making process​​.* (44:51) He emphasizes the fiduciary duties of board members to all shareholders and the importance of research-based decision-making​​.* (47:11) Brad reflects on his work with Richard Lugar and his influence on Brad's view of the world​​.* (50:59) He discusses the Invest America initiative and its goal to invest in the future of American children and democracy​​.* (54:03) Brad talks about the need for job retraining and economic participation in the face of labor displacement caused by AI​​.I'd love to know what you took away from this conversation with Brad. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on Twitter.Podcast Production support provided by Agent Bee  This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Want to streamline your financial operations and unlock new revenue opportunities? Tune in to this week's episode with JP Morgan's Papa Faye and SAP's Christian Mnich as they dive into the world of ERP integration and embedded finance. Learn why this prospect is highly motivating and offers numerous advantages for corporate clients, bridging the gap between the banking and ERP markets. Come join us in navigating the complexities of the cloud and unlocking the future of ERP.

Today we're talking with Dimitri Dadiomov of Modern Treasury, a startup Y Combinator funded in 2018. Dimitri works in a very important world whose existence is hidden from most people: the movement of money into and out of companies. Listen in as we follow the money!

Are you tired of wrestling with the complexities of banking systems? Imagine if there was a software that could simplify your payment operations and streamline your business' finances. Enter Modern Treasury, the game-changing platform that's transforming the payment operations landscape. Our guest on this episode is Sam Aarons, the CTO and co-founder of Modern Treasury. Sam unravels the intricacies of this unique software, its value proposition and its wide-ranging customer base. Spoiler alert: Modern Treasury does not hold money for their customers but provides a pure software service!Sam Aarons delineates the pain points businesses encounter when scaling up, and how Modern Treasury comes in handy. He articulates how his company's software mitigates the challenges of interacting with a bank's systems, while simplifying banking regulations. He also reveals how businesses can retain their existing banking relationships and fee structures without making any significant modifications. Lastly, we turn our sights to the future of payments, encompassing the impacts of faster payments on various aspects like payroll, consumer experiences, and inter-business transactions.  We delve into the future of payment systems in the U.S., touching on the benefits of Fed Now and real-time payments in propelling U.S. payments growth.

Dimitri Dadiomov is the Co-founder and CEO of Modern Treasury, an operating system for the new era of payments. Dimitri and his co-founders Matt and Sam started the company in 2018 after running into the same problem working together at their previous startup. Modern Treasury has since raised over $183 million, supported by investors like YCombinator, Benchmark, Altimeter, Salesforce Ventures, Quiet Capital, WndrCo, TQ Ventures, and Edward Lando. Brought to you by Secureframe, the automated compliance platform built by compliance experts: https://bit.ly/3OwGdGC Sign-up for Ramp and get $500: https://bit.ly/3KSqfFV Read the transcript: https://www.thespl.it/p/how-to-move-quadrillions-of-dollars In this episode, we discuss: How the global banking system moves over $1 quadrillion per year Why B2B products should be easy to use with broad use cases What makes a good API business Why the YC application is a great forcing function for founders How it took them six months to get their first customer, but never pivoted Why the first customers of a B2B business should get more credit How PLG helped build a better product Finding holes in the market for an initial go-to-market strategy The depth of Modern Treasury's product Why they should have built a sales team sooner How deep customer relationships across many industries helped them raise a Series A Why it's important to go slow to go fast How Dimitri set an intentional culture around studying other businesses When distribution can be more important than product What happened inside Modern Treasury during the collapse of SVB and Signature Bank Why Dimitri sends Saturday update emails to entire company The founders Dimitri really admires Where to find Dimitri: Twitter: https://twitter.com/dadiomov LinkedIn: https://www.linkedin.com/in/dadiomov/ Where to find Turner: Newsletter: https://www.thespl.it Twitter: https://twitter.com/TurnerNovak Read the transcript: https://www.thespl.it/p/how-to-move-quadrillions-of-dollars Production and distribution by: https://www.supermix.io For sponsorship inquiries: https://docs.google.com/forms/d/e/1FAIpQLSebvhBlDDfHJyQdQWs8RwpFxWg-UbG0H-VFey05QSHvLxkZPQ/viewform

It's been four months since the madness surrounding Silicon Valley Bank, time flies right?It was fascinating seeing the world react, and while thousands were doing their absolute best, many were running around like chickens with their heads cut off. While the financial world reeled, one company stood out, standing strong and head fully intact: Modern Treasury.This episode features Dimitri Dadiomov, the Co-Founder & CEO, and Julie Mullins, Head of Marketing & Communications, to discuss how they were able to expertly navigate the situation. We talk about the emotions on the ground, how they gather information, and the impact on their internal culture. and we wrap up talking about their Transfer conference they held back in June.Special thanks to our exclusive sponsor: FS Vector - https://fsvector.com/Links:Modern TreasuryDimitri on TwitterWatch the MT Transfer PanelsThe Transfer ConferenceTopics:(00:01:31) Reflecting on the Silicon Valley Bank receivership(00:11:27) Creating status pages during a crisis(00:16:02) Emotions on the ground at MT during the run(00:28:55) Who are the people you're calling at a time like this to develop a point of view and gather information?(00:37:11) The importance of being multi-bank(00:41:14) What has the impact been on internal team culture?(00:45:11) MT's user conference

Brought to you by Microsoft Clarity—See how people actually use your product | Eco—Your most rewarding app | LMNT—Zero-sugar hydration—Ayo Omojola is Chief Product Officer at Carbon Health, one of the fastest-growing and most innovative health tech companies in the world. Previously, he was a PM leader at Cash App, where he co-created the Cash Card and scaled it to a nine-figure revenue line for Square. He's also an angel investor in companies like Mercury, Modern Treasury, Faire, and many others. In this episode, we discuss:• How Cash App broke through the noise and became a consumer app success story• Why small teams are better than big ones• Hard-won lessons on team building and hiring• Why it's “criminal” not to connect people in your network to things that they need• Why you sometimes shouldn't listen to experts• The importance of first-principles thinking• Advice for health tech founders—Find the full transcript at: https://www.lennyspodcast.com/frameworks-for-product-differentiation-team-building-and-thinking-from-first-principles-ayo-omojola-carbon-health-cash-app/#transcript—Where to find Ayo Omojola:• Twitter: https://twitter.com/ay_o• LinkedIn: https://www.linkedin.com/in/omojola/• Blog: https://kunle.app/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Ayo's background(04:13) The story of how Ayo used Quora for discoverability (06:44) The scale of Cash App (07:37) What Cash App did well(10:12) Lessons from building consumer apps (13:08) Why it's so important to be different(14:08) What Ayo learned from how Square/Block operates(16:36) How to succeed at building a startup within a startup(19:06) How Ayo transitioned from fintech to health tech(22:51) Why Ayo loves hiring founders (28:32) Team-building strategies(32:12) The importance of going deep and challenging assumptions(36:58) Why you should always ask questions(38:45) Lessons in leadership(41:43) Advice for founders in the health-care space(44:48) What Carbon Health is(46:58) Lightning round—Referenced:• Ayo on Quora: https://www.quora.com/profile/Ayo-Omojola• Carbon Health: https://carbonhealth.com/• Cash App: https://cash.app/• Lob: https://www.lob.com/• Mailform: https://www.mailform.io/• Venmo: https://venmo.com/• PayPal: https://www.paypal.com/us/home• Apple Cash: https://www.apple.com/apple-cash/• Square: https://squareup.com/us/en/home/• Block: https://block.xyz/• Pinwheel: https://www.pinwheelapi.com/• The Three-Body Problem: https://www.amazon.com/Three-Body-Problem-Cixin-Liu/dp/0765382032• Children of Time: https://www.amazon.com/Children-of-Time• Children of Memory: https://www.amazon.com/Children-Memory-Adrian-Tchaikovsky/• Children of Ruin: https://www.amazon.com/Children-Ruin-Time-Adrian-Tchaikovsky/• Stormlight Archive: https://www.amazon.com/Stormlight-Archive-Boxed-Set-Books/• Fire in the Deep: https://www.amazon.com/Fire-Deep-Robert-J-Miller/• War of the Worlds on Amazon Prime: https://www.amazon.com/gp/video/detail/amzn1.dv.gti.49a287c2-44ed-4ffc-afa0-fab86dd0d31d• Succession on HBO Max: https://play.hbomax.com/player/urn:hbo:episode:GWukCJAu0e4uHwwEAAAB5• No Context Succession on Twitter: https://twitter.com/nocontextroyco—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Guest: Rachel Pike, COO at Modern TreasuryPayment operations startup Modern Treasury is not afraid to do things in “our own weird way,” says COO Rachel Pike. Its values statement is a 150 word essay, it has gone viral by writing about nerdy ACH payments minutiae, and it has an unusual rule for quarterly internal reviews: No slides. Instead, departments have to write one to two page essay, which are packaged together and then shared company-wide, and with the board. In previous jobs, Rachel laments, she and her coworkers would waste time “pushing pixels” around 50-slide decks. “It [the essay] actually takes more thinking and less hours to put together a summary of, ‘where have we been?'” she says.In this episode, Rachel and Joubin discuss the state of San Francisco, the value of tradition, hunger to learn, the Draper Fisher Jurvetson split, the opportunity cost of staying put, HIPAA and startups, two-entrepreneur households, career transition coaching, “try before you buy” hiring, learning to be remote, the downside of grasping, and fixing inequalities in compensation.In this episode, we cover: Why Rachel doesn't like talking about herself (01:20) Job-hopping and the Bay Area (02:38) Early adopters vs. brilliant innovators (05:16) Why Rachel left academia (07:44) “I got a phD in startups” (10:24) The “nights and weekends” gig at AngelList (14:05) Describing startups to aliens (16:50) Four years at Grand Rounds (18:28) What makes Modern Treasury “modern” (21:51) How she got hired as employee #1 (24:16) Advice for wannabe early-stage startup workers (30:18) “Wonder is contagious” (32:00) “Do it right the first time” (35:09) Hacker News and other growth levers (38:20) The excitement of scaling (40:49) Advisors and quarterly planning essays (44:02) Forced prioritization (49:20) Hard feedback (51:50) The working with Rachel doc (54:19) How Modern Treasury does comp and bonuses (57:21) What's past is prologue (59:43) Who Modern Treasury is hiring and what “Grit” means to Rachel (01:02:00) Links: Connect with Rachel Twitter LinkedIn Connect with Joubin Twitter LinkedIn Email: grit@kleinerperkins.com  Learn more about Kleiner Perkins This episode was edited by Eric Johnson from LightningPod.fm

Pushpendra Mehta meets with Paul Galloway, Senior Director of Advisory Services at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following: Treasury leading in discovering payments fraud, but training needed Modern Treasury's enhanced offering automates and simplifies end-to-end cash reconciliation for businesses European and Asian companies asking their banks to act as educators and advisors on ESG TD Securities spots a red flag re-emerging in the US$10 trillion corporate bond market

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.This week on the show we're joined by Meghan Reynolds, partner and head of capital formation at Altimeter. Founded by Brad Gerstner in 2008, Altimeter has backed companies such as Snowflake, Unity, Gusto, and Modern Treasury. Prior to joining Altimer, Meghan worked in a variety of investor relations roles including TPG, Goldman Sachs, and JAZZ Ventures partners.She's also quite prolific on Twitter with her insights on the LP world. This conversation was great as she went through the system she uses to form and maintain relationships with world-class LPs.A word from our sponsor:Venture capital firms and their investors have realized that a fund administrator without best-in-class technology is no longer acceptable. But experienced firms also know that when it's crunch time and that capital call needs to go out now, no technology can replace the need for an expert, highly responsive fund accountant working with you. It's time you talk with Juniper Square: the first technology-driven fund admin built for sophisticated venture capital firms. Learn more and request a call todayAbout Meghan Reynolds:Meghan is the Head of VC Capital Formation and Fundraising for Altimeter, a lifecycle technology investment firm. Prior to joining Altimeter, Meghan was Managing Partner and Co-head of Fundraising at TPG. She began her career and spent nearly a decade in the Investment Management Division of Goldman Sachs. ShMeghan is also currently a Venture Partner with JAZZ Venture Partners, an early stage Venture firm focused on the intersection of technology and human performance.Meghan graduated from the University of Notre Dame.In this episode we discuss:(02:42) Meghan's career path that led her to Altimeter(05:40) How Meghan defines capital formation(10:33) Making decisions that allow the investment team to thrive while balancing LP interests(14:03) Building the right frameworks with LPs who may ultimately become long-term partners(17:03) Ways managers can differentiate outside of returns(19:44) Other factors that go into LP relationship management(23:16) The importance of transparency with your LPs(26:01) How LPs are reacting to current market trends(29:17) Using an LP Advisory Committee strategically(35:00) International sources of institutional capital(40:14) Fundraising advice for solo GPs(43:32) What to look for when hiring for a capital formation role(47:16) Predicting the market over the next 5 to 10 yearsI'd love to know what you took away from this conversation with Meghan. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on Twitter.Podcast Production support provided by Agent Bee This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Pushpendra Mehta meets with Anthony Carfang, Managing Director of The Carfang Group, and Craig Jeffery, Managing Partner at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: The European Central Bank (ECB) is likely to stay the course in raising interest rates beyond March Modern Treasury partnering with Silicon Valley Bank to launch Global ACH CFOs investing in digital payments may differ on their reasons, but agree on the investment benefits US Treasury-led interagency working group to advance work on central bank digital currency (CBDC) Time for redrawing supply chains from China to Southeast Asia, says ASEAN-BAC chairperson

This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with Dimitri Dadiomov,  Co-founder & CEO at Modern Treasury.  Modern Treasury offers a payment operations platform used to simplify and modernize business payments. Subscribe now on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio to hear next Thursdays episode with Eric Shoykhet from Link Money.   About the host:   John is the founder of ListenDeck a full-service podcast and video production company, which has produced over 1000 episodes of various podcasts. He is the host of the ‘Bank On It' podcast, which features over 500 episodes starring high profile fintech leaders and entrepreneurs.      Follow John on LinkedIn, Twitter, Medium

This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with JB Orecchia ,  Founder & CEO at SavvyMoney.  SavvyMoney's mission is to empower people to take control of their financial future with actionable advice about their credit. Subscribe now on Apple Podcasts, Google Podcasts, Stitcher, Spotify, Amazon and iHeartRadio to hear next Thursdays episode with Dimitri Dadiomov from Modern Treasury.    About the host:   John is the founder of ListenDeck a full-service podcast and video production company, which has produced over 1000 episodes of various podcasts. He is the host of the ‘Bank On It' podcast, which features over 500 episodes starring high profile fintech leaders and entrepreneurs.      Follow John on LinkedIn, Twitter, Medium

Fouad Matin, Co-founder & CEO of Indent, joins Corey on Screaming in the Cloud to discuss how to get data security right without creating unnecessary barriers for your development team. Fouad and Corey discuss how getting admin access as a developer can be time consuming and vague, when it should be efficient and come with an easily defined reason for granting access. Fouad also explains why he feels most breaches are due to not getting the basics right, and why he feels storing customer and sensitive data should be done with the same principles as dealing with hazardous waste.About FouadFouad Matin is the co-founder and CEO of Indent, a security company that enables teams to perform mission-critical operations faster and more securely. With Indent, organizations like HackerOne, Modern Treasury, Vercel, and PlanetScale are able to grant secure, time-bound user and admin permissions for cloud apps and infrastructure through Slack.Prior to Indent, Fouad worked as an engineer at Segment, a customer data platform helping companies secure their pipelines for handling customer data. He co-founded a non-partisan non-profit in 2016 to help people register and get out to vote through easy-to-use, privacy preserving tools. In 2018, while validating Indent's mission, partnered with Vote.org to build tools for users to find their polling place and preview their ballot using client-side encryption.Links Referenced: Indent: https://indent.com Nobody Should Have Production Access: https://indent.com/blog/production Fouad on Twitter: https://twitter.com/fouadmatin Indent on Twitter: https://twitter.com/indent Unplanned Maintenance: https://unplannedmaintenance.com Least Privilege in Practice Blog Post from Indent: https://indent.com/blog/least-privilege Additional Links Referenced: Email: mailto:fouad@indent.com Fouad LinkedIn: https://www.linkedin.com/company/indentinc/ Indent LinkedIn: https://www.linkedin.com/in/fouadmatin/

In this episode of The Tech Trek, Amir Bormand speaks with Shruthi Murthy, the Executive Vice President of Engineering at Modern Treasury. Amir and Shruthi discuss the various phases of growth that companies like Modern Treasury and WhatsApp experience. They also discuss how businesses and entrepreneurs can choose the right growth strategies for their needs. Highlights: 00:01:47 - Shruthi breaks down her role and responsibilities as the Head of Engineering at Modern Treasury. 00:04:53 - What were the phases of growth for Modern Treasury? How can an organization determine the right approach for itself? 00:09:25 - Shruthi discusses her time working at WhatsApp and how the company adapted to an incredibly uneven user-to-employee ratio. 00:13:46 - Can the same strategies that large companies use to be applied by smaller businesses and start-ups? If so, how? 00:23:04 - How can organizations make better decisions as they transition through different growth phases? Guest: Shruthi Murthy is EVP of Engineering for payments operations software provider Modern Treasury. Modern Treasury's platform automates each step of the money-moving process, enabling companies to instantly close books with continuous accounting, manage payments via dashboard or API, and automatically reconcile cash across multiple bank accounts versus having to spend hours or days doing so with more legacy or even manual systems. Before joining Modern Treasury, Shruthi was with messaging giant WhatsApp for eight years, where she served as Director of Engineering, leading the zero-to-one product and engineering teams. LinkedIn: https://www.linkedin.com/in/shruthi-murthy-abb731/ ___ Thank you so much for checking out this episode of The Tech Trek, and we would appreciate it if you would take a minute to rate and review us on your favorite podcast player. Want to learn more about us? Head over at https://www.elevano.com Have questions or want to cover specific topics with our future guests? Please message me at https://www.linkedin.com/in/amirbormand (Amir Bormand)

Dimitri Dadiomov is the co-founder and CEO of Modern Treasury, a payment operations software company valued at over $2 billion. Auren and Dimitri discuss the future of crypto payments, innovation (or lack thereof) in the massive B2B payments space, and what Dimitri expects to change as more instant payment services come on line in the next few years. They also dive into culture and break down how Dimitri was able to gain traction and scale Modern Treasury to a $2 billion valuation in less than four years. World of DaaS is brought to you by SafeGraph. For more episodes, visit safegraph.com/podcasts.‍You can find Auren Hoffman on Twitter at @auren and Dimitri on Twitter at @dadiomov.

Andrew Janssens hosts Dimitri Dadiomov, Founder & CEO of Modern Treasury. In this episode we cover topics including: - Dimitri and Modern Treasury's Y combinator journey - Building a culture at a new company - Dimitri's outlook on Real-Time Payments - Modern Treasury's reverse interview of Acquired - And much, much more! About Dimitri Dadiomov: Dimitri founded Modern Treasury in 2018 alongside his co-founders, Matt Marcus and Sam Arons. Prior to Modern Treasury Dimitri was a Principal PM at LendingHome (formerly Kiavi) responsible for building payment operations. About Modern Treasury Modern Treasury is building payment operations solutions to automate the full cycle of money movement and help businesses to implement real-time payments and close their books with continuous accounting. For more FinTech insights, follow us below: WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Andrew's Twitter: twitter.com/Adhjanssens Andrew's LinkedIn: linkedin.com/in/andrew-p-janssens/

In the final episode of season two of the Recession-Proof podcast, Alex and Kimia discuss the most impactful insights from previous episodes with Sam Mallikarjunan of OneScreen.ai, Geoffrey Woo of Anti Fund Investment Fund, Dan Chen of Deltec, Anup Singh of Illumio, Keith Masuda of Modern Treasury, Liz Christo of Stage 2 Capital, Kelly Battles of DataStax, and Ken Suchoski of Autonomous Research.Each of them share advice on how to overcome the challenges of the current state of the market, prioritize investments, and grow your business through the end of 2022 and the start of 2023.Here are a few highlights, check out the full episode for the rest… Why Sam Mallikarjunan, Co-founder and Chief Executive Officer of OneScreen.ai emphasizes the importance of connecting the finance and marketing functions“I will say there is an adversarial relationship between finance and basically every other part of the company. But to treat the finance team and the finance leadership as if it's an adversarial relationship or to not actually proactively reach out to them, to me, that therefore has always been like, you're yelling at the person who's sitting in the top of the ship's sails being like, Hey, there's an iceberg up ahead, or, Hey, there's land over there that's just like filled with random gold. Why are we ignoring it? And we're not creating clear lines of communication in alignment with a partner whose objectives are fundamentally aligned with our own.”Geoffrey Woo, Co-founder and Partner of Anti Fund Investment Fund explains why attention is more valuable than capital“We all have 24 hours in a day times 8 billion people. That is the max limit of attention that exists in this world. You can print money, do weird financial engineering with money, but literally, the max attention cap of humanity is some 8 billion times 24 hours a day. Anything that can wield attention, I think, is going to be increasingly powerful over time.”How Kelly Battles, a Board Member and Audit Committee Chair for DataStax, Arista Networks, and Genesys thinks you can become a more well-rounded finance professional by…“Get on a board if you can, even as a full-time executive, because it makes you a better executive. When you're a full-time exec, especially in an intense startup or private company scaling company, you can get tunnel vision. And I think having another company and seeing from a bird's eye view what they're going through gives you perspective, context, and learnings, and you start building your pattern recognition.”Learn more about our season two guests: Sam Mallikarjunan on LinkedIn Geoffrey Woo on LinkedIn Dan Chen on LinkedIn Anup Singh on LinkedIn Keith Masuda on LinkedIn Liz Christo on LinkedIn Kelly Battles on LinkedIn Ken Suchoski on LinkedIn Check out the full transcript here.For more episodes from Recession-Proof, check us out on Apple Podcasts, Spotify, and our RSS or your favorite podcast player. Instructions on how to follow, rate, and review Recession-Proof are here.

Twenty Minute VC Podcast Notes Key Takeaways Check Out the 20VC Episode Page & Show NotesRead the full notes @ podcastnotes.org Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. From interviewing some of the world's richest married couples, how did gaining wealth change their relationship and marriage? What does Chris do to actively ensure his children remain hungry and know the value of money? Chamath Palihapitiya is Founder & CEO @ Social Capital. Social's portfolio includes the likes of Slack, Yammer, Front, Intercom and Carta to name a few. What does Chamath mean when he says we need to think through the mindset of "infinite games" not finite games? How does this change how you think about money? How does Chamath think about his relationship to risk today as a result? Brad Gerstner is the Founder and CEO of Altimeter. Brad's notable deals that he has helped lead include Snowflake, Mongo, Bytedance, Gusto, Unity, Okta, dbt, Modern Treasury, EPIC Games, Hotel Tonight and Zillow. What is the most important thing parents can do to ensure that despite wealth, their children remain grounded and ambitious? Why does Brad, despite being a billionaire, still live in a modest house and not spend on the excesses of life? How does Brad embrace essentialism with wealth? Cyan Banister is one of the most successful and renowned early-stage investors in the last decade. Her portfolio includes the likes of SpaceX, Uber, Affirm, Opendoor Postmates, Niantic and Thumbtack to name a few. Why did Cyan used to hate money? Why was she "anti-capitalist"? How does Cyan approach risk management today? Why does she invest every dollar she makes back into the ecosystem? George Zachary is a General Partner @ CRV, one of the nation's oldest and most successful early-stage venture capital firms with a portfolio including the likes of Airtable, DoorDash, Dropbox, Niantic and many more. What did George learn about how the way people view you changes with your increasing wealth? Why does George believe rich people like to hang out with rich people? Biz Stone is best known as the Co-Founder of Twitter and Medium. Biz is also an investor in the likes of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee. What does Biz mean when he says, "wealth only serves to amplify the person you are?"

Twenty Minute VC Podcast Notes Key Takeaways Check Out the 20VC Episode Page & Show NotesRead the full notes @ podcastnotes.org Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. From interviewing some of the world's richest married couples, how did gaining wealth change their relationship and marriage? What does Chris do to actively ensure his children remain hungry and know the value of money? Chamath Palihapitiya is Founder & CEO @ Social Capital. Social's portfolio includes the likes of Slack, Yammer, Front, Intercom and Carta to name a few. What does Chamath mean when he says we need to think through the mindset of "infinite games" not finite games? How does this change how you think about money? How does Chamath think about his relationship to risk today as a result? Brad Gerstner is the Founder and CEO of Altimeter. Brad's notable deals that he has helped lead include Snowflake, Mongo, Bytedance, Gusto, Unity, Okta, dbt, Modern Treasury, EPIC Games, Hotel Tonight and Zillow. What is the most important thing parents can do to ensure that despite wealth, their children remain grounded and ambitious? Why does Brad, despite being a billionaire, still live in a modest house and not spend on the excesses of life? How does Brad embrace essentialism with wealth? Cyan Banister is one of the most successful and renowned early-stage investors in the last decade. Her portfolio includes the likes of SpaceX, Uber, Affirm, Opendoor Postmates, Niantic and Thumbtack to name a few. Why did Cyan used to hate money? Why was she "anti-capitalist"? How does Cyan approach risk management today? Why does she invest every dollar she makes back into the ecosystem? George Zachary is a General Partner @ CRV, one of the nation's oldest and most successful early-stage venture capital firms with a portfolio including the likes of Airtable, DoorDash, Dropbox, Niantic and many more. What did George learn about how the way people view you changes with your increasing wealth? Why does George believe rich people like to hang out with rich people? Biz Stone is best known as the Co-Founder of Twitter and Medium. Biz is also an investor in the likes of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee. What does Biz mean when he says, "wealth only serves to amplify the person you are?"

Twenty Minute VC Podcast Notes Key Takeaways Check Out the 20VC Episode Page & Show NotesRead the full notes @ podcastnotes.org Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. From interviewing some of the world's richest married couples, how did gaining wealth change their relationship and marriage? What does Chris do to actively ensure his children remain hungry and know the value of money? Chamath Palihapitiya is Founder & CEO @ Social Capital. Social's portfolio includes the likes of Slack, Yammer, Front, Intercom and Carta to name a few. What does Chamath mean when he says we need to think through the mindset of "infinite games" not finite games? How does this change how you think about money? How does Chamath think about his relationship to risk today as a result? Brad Gerstner is the Founder and CEO of Altimeter. Brad's notable deals that he has helped lead include Snowflake, Mongo, Bytedance, Gusto, Unity, Okta, dbt, Modern Treasury, EPIC Games, Hotel Tonight and Zillow. What is the most important thing parents can do to ensure that despite wealth, their children remain grounded and ambitious? Why does Brad, despite being a billionaire, still live in a modest house and not spend on the excesses of life? How does Brad embrace essentialism with wealth? Cyan Banister is one of the most successful and renowned early-stage investors in the last decade. Her portfolio includes the likes of SpaceX, Uber, Affirm, Opendoor Postmates, Niantic and Thumbtack to name a few. Why did Cyan used to hate money? Why was she "anti-capitalist"? How does Cyan approach risk management today? Why does she invest every dollar she makes back into the ecosystem? George Zachary is a General Partner @ CRV, one of the nation's oldest and most successful early-stage venture capital firms with a portfolio including the likes of Airtable, DoorDash, Dropbox, Niantic and many more. What did George learn about how the way people view you changes with your increasing wealth? Why does George believe rich people like to hang out with rich people? Biz Stone is best known as the Co-Founder of Twitter and Medium. Biz is also an investor in the likes of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee. What does Biz mean when he says, "wealth only serves to amplify the person you are?"

Chris Sacca is the Founder and Chairman @ Lowercase Capital, one of the best performing funds in the history of venture capital with a portfolio including Uber, Stripe, Twitter, Instagram, Twilio, Docker and many more. From interviewing some of the world's richest married couples, how did gaining wealth change their relationship and marriage? What does Chris do to actively ensure his children remain hungry and know the value of money? Chamath Palihapitiya is Founder & CEO @ Social Capital. Social's portfolio includes the likes of Slack, Yammer, Front, Intercom and Carta to name a few. What does Chamath mean when he says we need to think through the mindset of "infinite games" not finite games? How does this change how you think about money? How does Chamath think about his relationship to risk today as a result? Brad Gerstner is the Founder and CEO of Altimeter. Brad's notable deals that he has helped lead include Snowflake, Mongo, Bytedance, Gusto, Unity, Okta, dbt, Modern Treasury, EPIC Games, Hotel Tonight and Zillow. What is the most important thing parents can do to ensure that despite wealth, their children remain grounded and ambitious? Why does Brad, despite being a billionaire, still live in a modest house and not spend on the excesses of life? How does Brad embrace essentialism with wealth? Cyan Banister is one of the most successful and renowned early-stage investors in the last decade. Her portfolio includes the likes of SpaceX, Uber, Affirm, Opendoor Postmates, Niantic and Thumbtack to name a few. Why did Cyan used to hate money? Why was she "anti-capitalist"? How does Cyan approach risk management today? Why does she invest every dollar she makes back into the ecosystem? George Zachary is a General Partner @ CRV, one of the nation's oldest and most successful early-stage venture capital firms with a portfolio including the likes of Airtable, DoorDash, Dropbox, Niantic and many more. What did George learn about how the way people view you changes with your increasing wealth? Why does George believe rich people like to hang out with rich people? Biz Stone is best known as the Co-Founder of Twitter and Medium. Biz is also an investor in the likes of Slack, Square, Intercom, Beyond Meat and Blue Bottle Coffee. What does Biz mean when he says, "wealth only serves to amplify the person you are?"

Brad Gerstner is the Founder and CEO of Altimeter, a life-cycle technology investment firm that manages public and private portfolios. Brad has personally participated in more than 100 IPOs as a sponsor, anchor, and investor. Brad's notable deals include Snowflake, Mongo, Bytedance, Gusto, Unity, Okta, dbt, Modern Treasury, EPIC Games, Hotel Tonight, and Zillow. Prior to founding Altimeter, Brad was a 3-time co-founder where he sold all three businesses (to IAC, Google, and Marchex), a founding principal at General Catalyst; a securities lawyer, a former Deputy Secretary of State of Indiana, and a pilot. In Today's Episode with Brad Gerstner We Discuss: 1.) From Humble Beginnings in Indiana to 100 IPOs: When did Brad realize his original love of finance and entrepreneurship? What one single question does Brad ask all potential new recruits to determine if they have hustle? What does Brad know now that he wishes he had known at the beginning of his career? 2.) The Power Law and Supercycles: What is a power law? Why is it the single most important thing in investing? How do the best investors in the world build a framework around supercycles? How does Brad approach market sizing? How does Brad think about market creation when aligning that to his thesis of investing in power laws? How does Brad determine if a large opportunity is a "super-cyle" or a short, time-stamped fad that is unsustainable? How does Brad assess the importance of market timing? 3.) Building Anti-Fragile Portfolios: Portfolio Construction: Why does Brad disagree that the answer to risk mitigation is portfolio diversification? How many companies is enough companies for a diverse portfolio? Price Sensitivity: How does Brad reflect on his own relationship to price? How does this process and mindset change on re-investments? What is needed for Brad to re-invest? Time to Exit: How does Brad analyze when is the right time to exit a position? What are the single biggest mistakes people make when it comes to timing their exit? 4.) The Venture Landscape: Today, What is Happening? Why does Brad believe what has happened over the last 24 months is a great disservice to founders? What are the biggest examples of a complete lack of investor discipline? Why does Brad believe that for all positions valued over $500M, we should apply a 20% discount? Is today's pricing actually just the new normal? How has the public market pricing impacted the deployment of growth stage checks? How will this play out in the next 12 months? Why does Brad believe there is "not blood on the streets yet"? How does the speed of interest rate change impact our ecosystem so dramatically? Items Mentioned in Today's Episode: Brad's Favourite Book: The Snowball: Warren Buffet and the Business of Life

Modern Treasury's VP of Finance Keith Masuda joins Alex Song on Recession-Proof this week to share how to build a financial team of a high growth SaaS business, during a downturn. Keith has extensive experience from 18 years in finance positions at companies such as Sqreen, Segment, Palo Alto Networks, and Host Analytics.They discuss: How Modern Treasury is prioritizing investment The different types of A players Building a first-class financial team Key takeawaysEmpowering, not just the finance department, but the whole business to understand financial metrics, and therefore “what is going on in the business” is a worthwhile investment. “There's some level of education you need to do with the employee base so that they know what is going on in the business. For example, every single month or once a month, I present the financial metrics. But I try to dive into a topic or two about the metrics”SaaS is a complex industry in an ever changing world. Layer a recession on top of this and new investments must be made under increased scrutiny to match the future uncertainty. “What we are thinking about now is making sure we are hiring carefully. And we are still investing, but in the right ways, closing down investments when they don't make sense anymore and investing in new areas where we think there's some promise. We are more cognizant of the spending and hiring now that we're in the mid to late 2022”Keith shares that as a software company, typically you will experience less margin pressure, and therefore can discount. But with hardware, you have to ensure healthy gross margins. “We are more careful about headcount and where we are spending our cash. We are also trying to look a little bit more at efficiency metrics and make sure that whatever investments we make will return either on improving the product, maintaining the product, or driving revenue growth”When building a best-in-class finance team, start by evaluating what support you need as a company and who you can bring to fill those roles. Look for the best possible people for your stage of company: A players are different for different types and stages of a businesses. “I try to look for the best possible people for the company. Everybody is always trying to find the best people or the A players. No one wants to hire a C player. And there are many A players who are perfect for an early stage and some who are perfect for a large public company. So I try to find A players who are good for my company and my stage”Learn more about Keith: Keith on Linkedin Modern Treasury Website  For more episodes of Recession-Proof, check us out on Apple Podcasts, Google Podcasts, Spotify or add our RSS feed to your favorite podcast player!Instructions on how to follow, rate, and review Recession-Proof are here.

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: This podcast episode is sponsored by Contis, the European leader in Banking-as-a-Service. Contis is proud to deliver process-pay, a brand-new standalone processing solution ready to cater for any organisations card processing needs. To find out more visiting www.contis.com today! NEWS HIGHLIGHT Ryan Breslow, the founder of Bolt, is back as CEO of Love. Love is still in its early stages, but in August it raised $7.5 million at a $180 million valuation from MaC Venture Capital and Human Capital. Breslow is running a new funding round, raising another $10 million, this time at a $300 million plus valuation. Link here. #Payments PayQuicker launched Payouts OS. PayQuicker's API connects to more than ten payout partners, enabling payouts in more than 200 countries and territories in more than 40 currencies. Link here #FinTechInnovation Front launched an API platform. The firm allows emerging FinTech companies access to a unique network of 250+ global integrations with brokerages and exchanges. Link here DIGITAL BANKING NEWS #BankingIndustry Kuda incurred a loss of over ₦6 billion in 2021. Kuda MFB, a neobank operating under the Nigerian microfinance bank licence, has recorded losses for the past two years. Link here. #Partnerships Goldman partnered with Modern Treasury. The partners say they will help joint customers seamlessly embed and scale domestic and international payments into their products. Link here #BankingInnovation Zengin-Net, will make its system available to operators of mobile payment services. The expansion of eligibility to participate in the Zengin-Net system comes amid the spreading use of payment apps such as PayPay. Link here Paysend launched an instant payment service. Paysend's Open Payment Network orchestrates the end-to-end pymnt flow including payment initiation, processing, FX and settlement. Link here

Every company on the planet processes payments. They will usually take some combination of cash, checks or credit cards. But increasingly companies are offering ACH, wires or some other kind of electronic payment. If your organization is doing hundreds or thousands of these kinds of transactions a day you need to have software to help you reconcile it. My next guest on the Fintech One-on-One podcast is Dimitri Dadiomov, the CEO and Co-Founder of Modern Treasury. Dimitri and his co-founders saw this challenge firsthand while working at LendingHome (now Kiavi) and they realized it was a pain point that many companies have. Reconciling large numbers of ACH or wire payments is not a trivial task but it is a critical function that needs to work every time.In this podcast you will learn:The founding story of Modern Treasury.Why the infrastructure for receiving wires and ACH payments had not been built.How they were able to land their first client.How their product offerings have evolved since they started.Some of the verticals they are focused on.A detailed case study: how they are helping Pipe.How banks view what Modern Treasury is doing.How they are working with Silicon Valley Bank.What they are doing with real-time payments.How they had to change their systems for real-time payments.How they approach fraud and what they make available to their customers.The scale they are at today.The vision for Modern Treasury.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Ryan J. Salva is the VP of Product at GitHub, where he led the incubation and launch of Copilot. Copilot uses OpenAI's ML engine to suggest code and entire functions in real time, right from your editor, and is changing the way we build software. Ryan is an experienced developer and product manager, with over a decade of experience working for Microsoft before moving to lead the GitHub product team. In today's episode, he shares how Copilot got its start, how it moved from prototype to live product, and how he structures R&D teams within larger companies. He also discusses the ethical questions surrounding AI use and how to build a successful product team, and shares the inside story of the development of Copilot.—Where to find Ryan J. Salva:• Twitter: https://twitter.com/ryanjsalva• LinkedIn : https://www.linkedin.com/in/ryanjsalva/• Website: http://www.ryanjsalva.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—Thank you to our wonderful sponsors for making this episode possible:• Amplitude: https://amplitude.com/• Athletic Greens: https://athleticgreens.com/lenny• Modern Treasury: https://www.moderntreasury.com/—Referenced:• GitHub Copilot: https://github.com/features/copilot• Make It So: Interaction Design Lessons from Science Fiction: https://www.amazon.com/Make-So-Interaction-Lessons-Science/dp/1933820985• Brief Interviews with Hideous Men: https://www.amazon.com/Brief-Interviews-Hideous-Foster-Wallace/dp/0316925195• The Memory Palace podcast: https://thememorypalace.us/• Arrival: https://www.hulu.com/movie/arrival-6ec67b11-b282-4383-85ac-38c4731b40e4• Oege De Moor's LinkedIn: https://www.linkedin.com/in/oegedemoor/—In this episode, we cover:[04:39] Ryan's background and how he became involved in development[10:46] What is GitHub Copilot?[14:44] How GitHub Copilot can be utilized for education[17:46] How GitHub incorporated AI models with computer languages[27:24] Project horizons: delegating tasks based on confidence levels[30:39] How to put together a development team for “moonshots”[35:22] When and how to transition your R&D team smoothly[38:28] Dealing with ethical issues surrounding AI[44:40] The future of AI in development[48:48] Challenges with scaling Copilot[54:23] Allocating your energy as products scale[58:17] Lightning round —Production and marketing: https://penname.co/ Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Yuriy Timen was Global Head of Marketing and Growth at Grammarly, and is now a full-time growth advisor, having worked with more than a dozen companies, including Canva, Airtable, Whimsical, Otter.ai, Oyster, Flo Health, and Clay. In today’s episode, Yuriy discusses the ever-changing world of growth, emerging growth tactics, and how to find your growth engine. You’ll learn the most effective strategies for driving user acquisition, how to balance and diversify organic and paid channels, when it’s time to change plans, how to vet new growth channel opportunities, and much more.—Where to find Yuriy Timen:• LinkedIn: https://www.linkedin.com/in/yuriytimen/• Twitter: https://twitter.com/thetimenator—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—Thank you to our wonderful sponsors for making this episode possible:• Flatfile: https://www.flatfile.com/lenny• Modern Treasury: https://www.moderntreasury.com/• Eppo: https://www.geteppo.com/—Referenced:• Casey Winters: https://www.linkedin.com/in/caseywinters/• Elena Verna: https://www.linkedin.com/in/elenaverna/• Lyka Pet Food: https://lyka.com.au/• Ethan Smith’s LinkedIn:  https://www.linkedin.com/in/ethanls/• Graphite: https://www.graphitehq.com/• Recast: https://getrecast.com/• Measured: https://www.measured.com/• INCRMNTAL: https://www.incrmntal.com/• Essentialism: The Disciplined Pursuit of Less: https://www.amazon.com/Essentialism-Disciplined-Pursuit-Greg-McKeown/dp/0804137382/• Man’s Search for Meaning: https://www.amazon.com/Mans-Search-Meaning-Viktor-Frankl/dp/0807014273/• The Splendid and the Vile: A Saga of Churchill, Family, and Defiance During the Blitz: https://www.amazon.com/Splendid-Vile-Churchill-Family-Defiance/dp/0385348711/• The All-In Podcast: https://www.allinpodcast.co/• Hustle: https://www.netflix.com/title/80242342• Mark Fiske at H.I.G.: https://higgrowth.com/team/mark-fiske/—In this episode, we cover:[03:49] Yuriy’s background[09:46] Different paths to growth for subscription-based products[13:21] When to lean into virality[15:39] What are network effects?[16:32] SEO strategy and timeline: how long can it take to see results?[24:22] The shifting landscape of paid media[28:09] The return of media mix modeling[32:01] How can you tell if media spending equates to business results?[33:44] Don’t spread yourself too thin[36:01] How to tell if you’ve taken a strategy far enough[38:02] When to lean into a strategy that’s working vs. when to think about diversification[42:13] Is there a shift from growth to survival?[46:19] Two reasons to do paid media[56:45] Why you shouldn’t dismiss TikTok (and other channels you might be overlooking)[59:36] Lightning round!—Production and marketing: https://penname.co/ Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Wes Kao has worked with Seth Godin (where she co-founded the altMBA and served as executive director), David Perell on his Write of Passage course, Professor Scott Galloway on Section4, and Morning Brew. Currently, she’s the co-founder of Maven, a cohort-based learning platform where I taught my own course. Wes is passionate about telling stories that stay true to the creator’s intentions while keeping your audience listening. In today’s episode, you will learn how to use state changes to keep your audience engaged, how to communicate more clearly by focusing on the how more than the why, how to manage up for success, and how to communicate your priorities to set a boundary.—Where to find Wes Kao:• Website: https://www.weskao.com/• Twitter: https://twitter.com/wes_kao• LinkedIn: https://www.linkedin.com/in/weskao/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—Thank you to our wonderful sponsors for making this episode possible:• Modern Treasury: https://www.moderntreasury.com/• Berbix: https://www.berbix.com/start• Makelog: https://www.makelog.com/lenny—Referenced:• The Super Specific How: How to make your cohort-based course more rigorous: https://www.weskao.com/blog/super-specific-how• It Was the Best of Sentences, It Was the Worst of Sentences: A Writer’s Guide to Crafting Killer Sentences: https://www.amazon.com/Was-Best-Sentences-Worst-Crafting/dp/158008740X• Guide to Better Business Writing (HBR Guide Series): https://www.amazon.com/HBR-Guide-Better-Business-Writing/dp/142218403X• Seth Godin’s blog: https://seths.blog/• The Minto Pyramid Principle: Logic in Writing, Thinking, and Problem Solving: https://www.amazon.com/Minto-Pyramid-Principle-Writing-Thinking/dp/0960191038• Doctor Foster: https://www.amazon.com/Doctor-Foster/dp/B01DT0WQ2C• Suzy Batiz: https://www.suzybatiz.com/• Amanda Natividad’s Marketing 201 course: https://maven.com/amandanat/content-marketing• Dr. Marily Nika’s course:  https://maven.com/marily-nika/technical-product-management—In this episode, we cover:[03:39] Wes’s early career[07:08] How to land a job with Seth Godin[09:56] What makes Seth Godin stand apart[14:50] Wes’s framework for better writing: the super-specific how[18:08] Writing and teaching without the BS[21:45] State changes: how to keep your audience engaged when teaching[25:51] The data of “eyes light up” moments[29:27] What managing up can do for you[32:51] How to manage up effectively[34:17] Lenny’s template for proactive communication[36:19] The skills you need to communicate clearly through writing[43:50] How to protect your bandwidth (without having to say no to your boss)[47:32] How Lenny sets priorities and communicates them[48:24] Lightning round!—Production and marketing: https://penname.co/ Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

What are common diseases of product teams, and how do you avoid them? How do you maintain your product mojo? Why should you focus less on problem discovery and more on solution discovery? After working as a product leader for over 20 years, Marty Cagan started Silicon Valley Product Group to help product teams operate at a higher level. In this conversation, Marty shares what Steve Jobs can teach you about building product, how to structure your teams for innovation, how to improve your product culture, which trends in PM to ignore, and much more. After this, you'll never think about building teams the same way. Join us.—Where to find Marty Kagan:• Twitter: https://twitter.com/cagan• LinkedIn: https://www.linkedin.com/in/cagan/• SVPG: https://www.svpg.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• Twitter: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—Thank you to our wonderful sponsors for making this episode possible:• Whimsical: https://whimsical.com/lenny• Flatfile: https://www.flatfile.com/lenny• Modern Treasury: https://www.moderntreasury.com/—Referenced:• The Nature of Product: https://www.svpg.com/the-nature-of-product/• Devolving From Good To Bad: https://www.svpg.com/devolving-from-good-to-bad/• Shreyas Doshi: https://www.shreyasrdoshi.com/• The Lost Interview: https://www.amazon.com/Steve-Jobs-Lost-Interview/dp/B01IJD1BES• Continuous Discovery Habits: Discover Products that Create Customer Value and Business Value by Theresa Torres: https://www.amazon.com/Continuous-Discovery-Habits-Discover-Products/dp/1736633309• Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days by Jake Knapp: https://www.amazon.com/Sprint-Solve-Problems-Test-Ideas/dp/1442397683—In this episode, we cover:[03:46] The biggest misconceptions about what a good product team does and looks like [07:49] The qualities that separate the best product teams[16:20] The downfall of innovation in great product teams[17:43] The gap between the best and the rest[19:23] The pitfalls product teams can fall into[27:46] The role of user research in building a great product[35:26] What individual contributors can do to shift product culture[41:04] How PM's can set themselves up for success when trying to change product culture[44:06] How product management is changing -one of the most common[55:33] The pitfalls Marty warns to watch out for in product management—Production and marketing: https://penname.co/ Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

Marcelo Claure is an entrepreneur and investor who has founded and led some of the world's most iconic businesses. He is currently the Chairman & CEO of Claure Capital, a newly founded multi-billion-dollar global investment firm. Before this, Marcelo was COO @ Softbank Group, the world's largest technology investment company. Bill Gurley is a General Partner @ Benchmark, one of the most successful funds of the last decade with a portfolio including Uber, Twitter, Dropbox, Modern Treasury, Snapchat, StitchFix, and many more. Michael Eisenberg spent 15 years as a General Partner @ Benchmark working alongside Bill and the Benchmark partnership. Following Benchmark, Michael co-founded Aleph, one of the leading Israeli venture funds of the last decade. David Tisch is the Founder and Managing Partner @ Box Group, one of the leading seed focused firms of the last decade with a portfolio including Airtable, Glossier, PillPack, Plaid and many more. Cyan Banister is one of the most successful and renowned early-stage investors in the last decade. Her portfolio includes the likes of SpaceX, Uber, Affirm, Opendoor Postmates, Niantic and Thumbtack to name a few. Zach Weinberg is a Co-Founder of Operator Partners, operators funding operators, with no outside LPs, just their own capital. Luciana Lixandru is a Partner @ Sequoia, one of the world's most renowned and successful venture firms with Sequoia-backed companies accounting for more than 20% of NASDAQ's total value. Jeff Lieberman is the Managing Director @ Insight Partners, one of the leading investing franchises of the last 25 years with their most recent flagship fund announced earlier this year being a staggering $20BN. Nick Shalek is a General Partner @ Ribbit Capital, specializing in fintech they are one of the most successful venture firms of the last decade with a portfolio including Robinhood, Coinbase, Revolut, Nubank and more. Frank Rotman is a founding partner of QED Investors, one of the leading fintech-focused venture firms investing today with a portfolio including the likes of Klarna, Kavak, Quinto Andar, Credit Karma and more. Geoff Lewis is the Founder and Managing Partner @ Bedrock, now with over $1BN in AUM, Bedrock invests in breakout technology companies that are incongruent with popular narratives. Justin Fishner-Wolfson is founder and the managing partner of 137 Ventures. Their portfolio includes SpaceX, Wish, Anduril, Flexport, and WorkRise (formerly Rigup) to name a few. David Sze is a General Partner @ Greylock where he has led some of the firms most notable investments including Facebook, LinkedIn and Pandora. In Today's Episode We Discuss Price Sensitivity: 1.) How do you assess your relationship to price and price sensitivity? 2.) When is the time to pay up and have less price discipline? 3.) When should we remain disciplined and not pay up for a deal and walk away because of price? 4.) Of the deals you have paid up for, did their growth rate justify the high entry price? 5.) Knowing all you know now on price, how do you advise younger investors today?

By combining banking, technology and innovation, SC Ventures, Standard Chartered's innovation, investment and ventures arm, is creating new business models that are solving treasury's most pressing challenges.

When Patrick O'Shaughnessy and Brent Beshore asked us to give a talk at their incredible Capital Camp conference, we knew we had to bring something special. So we spent months combing through the Acquired back catalog and cataloged our 12 favorite lessons from the 200+ stories we've told over the past 7 years. From Sequoia through Sony, TSMC, Nvidia, The New York Times, the NBA and Oprah — we revisited all the classics and pulled out the common threads that weave the tapestry of great companies we've covered on Acquired. This episode was truly a joy to put together… huge thank you to Patrick and Brent for giving us the perfect stage on which to present it! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them here. Just tell them them Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. Register here for the Acquired Mystery on July 7th 2022 at 3pm PT! ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: Real-Time Payments: How Fintech is Not Waiting for the Fed - Sponsored by Visa and is titled: A Holistic View of Real-Time Payments. Speaking at this session are Brady Harris, Dwolla, Dimitri Dadiomov, Modern Treasury, Will Graylin, OV Loop,  with Moderator: Paul Byrne, Zai.

We sit down with a16z General Partner Katherine Boyle to discuss investing in “American Dynamism”, why it's so important and why now is the right time to pursue it. Katherine has a fascinating background, beginning her career as a reporter at The Washington Post before entering the VC world first at Founders Fund, then General Catalyst and now a16z. Her perspectives don't fit neatly in any box — political, economic or otherwise — and we have a great conversation exploring them. Tune in! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. Links: Katherine's post on Building American Dynamism Marc Andreessen's It's Time to Build Katherine's Substack Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them here, and learn more about Metaplex here. Just tell them them at Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

We sit down with the CEO founders of two of the most capital efficient success stories of all time — Zoom and Veeva Systems — to understand how they grew to billions of dollars in revenue (and tens of billions in market cap) on very, very little capital invested. With the fundraising environment changing rapidly, we couldn't think of a better topic to discuss or better sources of wisdom for founders, operators and investors all to learn from. Very special thanks to Jake Saper and our friends at Emergence Capital for inviting us and putting this conversation together at their 2022 CEO Summit! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. Links: Peter's great Medium blog Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them here, and learn more about GenesysGo here. Just tell them them at Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

This week's guest is Dimitri Dadiomov, CEO at Modern Treasury. Modern Treasury's payment operations platform and flexible APIs enable you to add money movement and tracking to your products without the heavy lifting. And ya know, stuff like that. We're welcome a new supporter for this season. Neuro-ID! Go to Neuro-ID.com/ffs to learn more and schedule a demo. Helpful links: https://www.moderntreasury.com/ (Modern Treasury Website) https://www.linkedin.com/in/dadiomov/ (Dimitri on Linkedin ) https://twitter.com/dadiomov (Dimitri on Twitter) https://my.captivate.fm/forfintechsake.com (Subscribe to For Fintech's Sake here. )

We sit down once again with one of the world's very best strategy thinkers, 7 Powers author Hamilton Helmer — this time joined by his impressive Strategy Capital colleague Chenyi Shi — to discuss platform businesses, and how the Power framework applies to them. If you're building, investing in, or just curious about the dynamics of platforms, this episode is a must-listen. We owe a huge thanks to Hamilton and Chenyi for sharing their work-in-progress insights on this very special category of companies. Tune in! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them here, and learn more about Stake Pools here , and just tell them them at Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

We hear a lot these days about hedge funds becoming venture firms, and venture firms becoming hedge funds. But a decade before either of those approaches became mainstream, a tiny $3m fund in Boston named Altimeter Capital set out simply to invest in a concentrated portfolio of America's very best technology companies, regardless if they were public or private. Today that tiny firm has grown to nearly $15B under management and become a premier “capital partner” to founders at all but the very earliest stages — companies like Snowflake, Facebook, Roblox, Plaid, Grab and Acquired fan-favorite Modern Treasury. We sit down with founder & CEO Brad Gerstner to dive into the story behind Altimeter's meteoric rise. This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. PSA: if you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice (including Spotify!). Sponsors: Thank you to our presenting sponsor for all of Season 10, Vanta! Vanta is the leader in automated security compliance – making SOC 2, HIPAA, GDPR, and more a breeze for startups and organizations of all sizes. You might say they're like the “AWS of security and compliance”. Everyone in the Acquired community can get 10% off using this link: https://bit.ly/acquiredvanta Thank you as well to Vouch and to SoftBank Latin America. You can learn more about them at: https://bit.ly/acquired-vouch https://bit.ly/acquiredsoftbanklatam Carve Outs: Brad's Twitter thread on Invest America: https://twitter.com/altcap/status/1347454947583950849?s=20&t=gM5zJMcq9p96GcjEHZw56w ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

We hear a lot these days about hedge funds becoming venture firms, and venture firms becoming hedge funds. But a decade before either of those approaches became mainstream, a tiny $3m fund in Boston named Altimeter Capital set out simply to invest in a concentrated portfolio of America's very best technology companies, regardless if they were public or private. Today that tiny firm has grown to nearly $15B under management and become a premier “capital partner” to founders at all but the very earliest stages — companies like Snowflake, Facebook, Roblox, Plaid, Grab and Acquired fan-favorite Modern Treasury. We sit down with founder & CEO Brad Gerstner to dive into the story behind Altimeter's meteoric rise.Sponsor: https://acquired.fm/zoominfoThis episode has video! You can watch it on YouTube.PSA: if you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice (including Spotify!).Carve Outs:Brad's Twitter thread on Invest America:  https://twitter.com/altcap/status/1347454947583950849?s=20&t=gM5zJMcq9p96GcjEHZw56w ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Jason talks to Dimitri Dadiomov, CEO of Modern Treasury. Modern Treasury is a payments architecture system that focuses explicitly on payments and payment automation. She talks about how they differentiate themselves and dominate payment automation within this space.Episode Highlights:1.14: Jason asks, what were you trying to accomplish in the first place as related to automation functionality, and what was the origin of the modern treasury?2.39: The collection part has mainly been solved in the online payment, but much more goes into it beyond just collecting that money, says Jason.8.19: The significant part of making the money movement easy is to hold onto the context of payment from the moment it initiated through to its final resting place in the general Ledger, says Dimitri.11.39: Dimitri says that they help companies by providing better information, visibility, and alerting things. But they are very focused on delivering the best software experience, and there is enough complexity in that. 15.10: Dimitri says that they hope to provide better data tracking, workflow, and process. Every team that they engage with finds some new feature and use case where different types of users are engaging with the system.18.49: Jason asks if you had one wish or something that could change in your company or the industry as a whole, what would it be? 20.36: Dimitri says that when you have something that is pretty critical, companies tend not to want to buy that from a startup because that scares them. So, the hardest thing for them has been buying, earning, and preserving the trust as they scale up their operations. 22.02: Watching our customers grow means whatever they're trying to bring into the world, and our business, in some ways, is pegged to them that's exciting and refreshing to watch, says Dimitri.3 Key PointsThe Internet is messing with new parts of the economy that haven't been messed with before. Many companies are building automated clearinghouse (ACH) infrastructure. Wire infrastructure is not core to what they are trying to put in the market, says Dimitri.Every transfer uses modern treasury software and API in the company we are working with. They built their company on top of our product, and it is exciting to watch them grow and not have to build a whole department which is our focus, says Dimitri.Dimitri thinks that the broad adoption of real-time payments and instant transfers would make an enormous difference. A lot of the problems that companies face today are using 50-year-old technology for the core payment processing pieces of the banking system.Tweetable Quotes“If you zoom out and look at what has been happening with the web economy, it's been penetrating and messing with different sectors of the economy.” - Dimitri Dadiomov“Magical software is not something you have to use all the time, and it might not work for you.” - Dimitri DadiomovResources Mentioned:Facebook – Jason Pereira's FacebookLinkedIn – Jason Pereira's LinkedInWoodgate.com – SponsorDimitri Dadiomov – Linkedin | Website See acast.com/privacy for privacy and opt-out information.

We sit down with two of the most talented and respected people in Hollywood — Brian Koppelman and Joseph Gordon-Levitt — to talk about the process of adapting Mike Issac's story of Uber, “Super Pumped”, into their new Showtime series. To say this was a thrill for us is a MASSIVE understatement. Huge thank yous to Brian, Joe and Showtime for making it happen! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. PSA: if you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice. Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with them at https://bit.ly/acquiredsolana , and with Phantom at https://phantom.app , and just tell them that Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. You can learn more about them at: https://bit.ly/acquiredmoderntreasury https://bit.ly/acquiredmystery Links: Super Pumped (the series): https://www.sho.com/super-pumped Super Pumped (the book): https://www.amazon.com/dp/B07PZ2B85Y/ Carve Outs: Joe performing Katy Perry in the style of The Cure on Jimmy Fallon: https://www.youtube.com/watch?v=H2lGEZOOHwI Michael Lewis's Liar's Poker companion podcast: https://www.pushkin.fm/show/against-the-rules-with-michael-lewis/ Stevie Van Zandt's Unrequited Infatuations: https://www.amazon.com/dp/B08R56XNMQ/ Your Undivided Attention: https://www.humanetech.com/podcast/a-problem-well-stated-is-half-solved Jakob Dylan on The Moment: https://open.spotify.com/episode/5xNbG6XBjoVLDvpOUbZSIr?si=engSyJ9IQlePpqDOw7rSjw Joe's Don Jon: https://www.imdb.com/title/tt2229499/ HitRecord: https://hitrecord.org ‍ Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

We sit down with perhaps the only person besides Marc Andreessen who's had a major influence on each of the Web 1, 2 and 3 eras: Brave Browser CEO (and former Netscape + Mozilla Chief Architect) Brendan Eich. In true Acquired fashion we cover both a huge amount of both internet history AND internet future in one awesome conversation. Big thank you to Brendan for making this so special — tune in! This episode has video! You can watch it on Spotify (right in the main podcast interface) or on YouTube. PSA: if you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice (including Spotify!). Sponsors: Thanks to the Solana Foundation for being our presenting sponsor for this special episode. Solana is the world's most performant blockchain, the BEST place for developers to build Web3 applications, and of course very near & dear to the Acquired community's heart. You get in touch with Solana at https://bit.ly/acquiredsolana, and with Project Serum at https://www.projectserum.com, and just tell them that Ben and David sent you! Thank you as well to Modern Treasury and to Mystery. You can learn more about them at: https://bit.ly/acquiredmoderntreasury https://bit.ly/acquiredmystery Links: Brave: https://brave.com Carve Outs: Project Hail Mary: https://www.amazon.com/Project-Hail-Mary-Andy-Weir-ebook/dp/B08FHBV4ZX Open: https://www.amazon.com/Open-Andre-Agassi-ebook/dp/B003062GEE/ San Fransicko: https://www.amazon.com/dp/B08SMFSL5M/ Dynamic Economics: ****https://www.amazon.com/Dynamic-Economics-Burton-H-Klein/dp/0674218663 ‍ Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

In this conversation, we chat with Dimitri Dadiomov, the CEO and co-founder of San Francisco-based Modern Treasury which is among the Bay Area's up-and-coming fintech entrepreneurs reshaping how business is done. Modern Treasury's software automates the processes companies use to move money, from initiating payment, getting approvals and reconciling it all. The company reconciles more than $2 billion in payments every month, up from $1 billion in April 2021. It helps that Modern Treasury has a client roster filled with fast-growing companies, including Marqeta, Side and Gusto — all based in the Bay Area. Modern Treasury's growth also will be juiced by Plaid, which selected the company as one of about 50 partners globally for its recently created payments ecosystem. More specifically, we touch on the mind and application of a product manager in tech, the journey of how a mortgage business lead Dimitri to founding Modern Treasury, Embedded Finance, and so so much more!

This week, Alexis gets non-technical with Waseem Daher, the CEO and co-founder of Pilot. They talk about the gentleman's “shabam!”, dAsHbOaRd cOnFeSsIoNaL, when the thought DOESN'T count, ​​#PizzaWeek, and what song to play at your next Senate confirmation hearing.You can find Waseem on Twitter at twitter.com/waseem and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Modern Treasury! Modern Treasury makes APIs to help companies build products that move money. Psst! They're hiring: moderntreasury.com/careers

Devs Like Us Episode #30 | Head of Engineering at Modern Treasury - Shruthi Murthy Interview On this episode JB and Terrence interview Shruthi Murthy to learn more about how one becomes the head of engineering and more about Modern Treasury as a company. Shruthi has engineering experience at AMD, HP, Google, Zynga, WhatsApp (Director of Engineering), and she is currently the head of engineering at Modern Treasury. Are you interested in working at Modern Treasury ? Check out the link below for opportunities to join the company: https://www.moderntreasury.com/careers ⌚ Timestamps: 0:00:00 About Shruthi Murthy 0:00:27 Devs Like Us Intro 0:00:45 Career Opportunities at Modern Treasury 0:01:10 How Shruthi Murthy Entered Tech 0:01:40 Tech in the 90s 0:03:08 One thing that you wish you knew earlier? 0:05:20 Advice on how to prepare for next level. 0:09:30 What should applicants look for during their job hunt? 0:12:40 What does modern treasury do? 0:15:30 How do you make tough decisions? 0:17:40 How to deal with ambiguity? Connect with Us

This week, Alexis gets non-technical with Alex Lieberman, Co-Founder and Executive Chairman of the daily email newsletter, Morning Brew. They talk adult ice cream, our first topographically (!) tiny hill, emotion potion, getting stoked on Susan Boyle, and the precise moment when 1 + 1 = 0.You can find Alex on Twitter at twitter.com/businessbarista and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Modern Treasury! Modern Treasury makes APIs to help companies build products that move money. Psst! They're hiring: moderntreasury.com/careers

This week, Alexis gets non-technical with Kara Swisher, journalist, podcaster, and opinion writer for The New York Times. They talk about shrimp scampi & caviar (obviously), floral decay, ‘Arcadia,' shoulder pads, and why getting a tattoo is—or should be—like ordering a sandwich.You can find Kara on Twitter at twitter.com/karaswisher and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Modern Treasury! Modern Treasury makes APIs to help companies build products that move money. Psst! They're hiring: moderntreasury.com/careers

This week, Alexis gets non-technical with Jenny 8. Lee, CEO of Plympton, Sundance fellow, seed investor, and emoji activist. They talk texting-before-calling (!), “boring” diaries, Eeyore vs. Tigger (vs. Piglet), famous bus passengers, and SHIFT + OPTION + HYPHEN, baby!!!!!!You can find Jenny on Twitter at twitter.com/jenny8lee and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Modern Treasury! Modern Treasury makes APIs to help companies build products that move money. Psst! They're hiring: moderntreasury.com/careers

This week, Alexis gets non-technical with Howard Lindzon, General Partner at Social Leverage and Co-Founder of StockTwits. They talk about friendly British ghosts, the case of the missing “puffy pants,” shorting $TSLA (heh), and the only two words you need to sustain a 26-year marriage.You can find Howard on Twitter at twitter.com/howardlindzon and Alexis at twitter.com/yayalexisgay or instagram.com/yayalexisgay and twitter.com/NonTechnicalPod.This episode is sponsored by Modern Treasury! Modern Treasury makes APIs to help companies build products that move money. Psst! They're hiring: moderntreasury.com/careers

You've heard us talk about him every episode for the past two years... but until now most of you have never actually heard us talk to him! To celebrate the LP Show going public, we've remastered our first, canonical interview with Hamilton Helmer, originally released as an LP episode in March 2020. Hamilton's 7 Powers framework gives a deep, academic investigation to the question, “what creates an enduring company?” This episode is an absolute must-listen for anyone working or investing in tech (and beyond), and we're so excited to finally make it available to everyone. And if you want more episodes like this, we have good news... all back catalog LP Show episodes are now free and available to anyone! You can follow our new public LP Show feed here in the podcast player of your choice. It's already chock-full of 60+ great episodes like our VC Fundamentals series, interviews with founders of top early-stage startups, and master classes on pricing, marketplaces, SaaS investing and many more topics. Happy listening and happy holidays to everyone! Sponsors: Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: https://bit.ly/acquiredsoftbanklatam , and tell them that Ben and David sent you! You can find career opportunities at the portfolio companies here: https://www.latinamericafund.com/careers Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: https://bit.ly/acquiredmoderntreasury (and you can find our reverse interview with them at https://www.moderntreasury.com/acquired ) https://bit.ly/acquiredfundrise ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Bill Gurley is a General Partner @ Benchmark, one of the most successful funds of the last decade with a portfolio including Uber, Twitter, Dropbox, Modern Treasury, Snapchat, StitchFix, and many more. As for Bill, widely recognized as one of the greats in venture having worked with GrubHub, NextDoor, Uber, OpenTable, Stitch Fix, and Zillow. Prior to Benchmark, Bill was a partner with Hummer Winblad Venture Partners. Michael Eisenberg spent 15 years as a General Partner @ Benchmark working alongside Bill and the Benchmark partnership. Following Benchmark, Michael co-founded Aleph, one of the leading Israeli venture funds of the last decade with a portfolio including Lemonade, Melio, and HoneyBook, just to name a couple of Aleph's unicorns. In Today's Episode with Bill Gurley and Michael Eisenberg You Will Learn: 1.) How does the current market activity in venture today compare to the dot com bubble? What elements are different? What elements are the same? What were the ramifications of the dot com bubble? Would Bill and Michael expect to see the same again? Is there anything good that comes from bubbles? How did the prior bubble impact Michael and Bill's investing mindset? 2.) Does Bill Gurley agree that Benchmark are the only firm to have retained price discipline in this crazy market? How do Bill and Michael think about their own relationship to price today? How does Bill try and answer the question, "what could go right?" when he meets entrepreneurs today? On reflection, what have been Michael and Bill's biggest miss? How did it change their approach? 3.) How does one compete in a world of Tiger and crossover funds? When it comes to capital deployment and pacing, do Michael and Bill agree with the suggestion of "playing the game on the field"? What are the nuances to this statement? What companies does Bill believe capital can be a moat for? What companies is capital not a moat and they should be conservative with raising and pre-emptive rounds? 4.) Do Bill and Michael believe that ownership still matters today with outcomes being larger than ever? How do Bill and Michael feel about the importance of temporal diversification today in a world of compressed deployment cycles? What investing lesson learned over 25 years in the business do Bill and Michael wish they had known when they started?  Item's Mentioned In Today's Episode with Bill Gurley and Michael Eisenberg Bill's Favourite Book: The Storytelling Animal: How Stories Make Us Human

Of our 65+ sources for the TSMC episode, one stood above the rest: a wonderful Knowledge Project episode with Brinton Johns and Jon Bathgate of NZS Capital laying out the state of the semiconductor market. When coincidentally we met Brinton a week later, we knew fate was telling us we had to dig deeper. It turns out NZS has a lot more to teach Acquired than just about semis! Here we dive into their fascinating philosophy of "complexity investing", which was born out of their interactions with the world-famous Santa Fe Institute (of W. Brian Arthur and Increasing Returns fame!)... and of course we also throw in some semiconductor shop-talk for good measure. :) If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: https://bit.ly/acquiredsoftbanklatam , and tell them that Ben and David sent you! You can get in touch with their portfolio company Banco Inter and their CEO João Vitor Menin at https://www.linkedin.com/in/joãovitormenin/ Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: https://bit.ly/acquiredmoderntreasury (and you can find our reverse interview with them at https://www.moderntreasury.com/acquired ) https://bit.ly/acquiredfundrise Links: NZS Capital: https://www.nzscapital.com The Santa Fe Institute: https://www.santafe.edu NZS's white paper on Complexity Investing: https://static1.squarespace.com/static/5ca38f3216b6405d11e3d4b4/t/60131df6a8d27d63432ea5ff/1611865607574/Complexity_2021update-v9pt2.pdf Brinton & Jon on The Knowledge Project: https://www.youtube.com/watch?v=r6NUO_bymuA Twitter: Brinton: https://twitter.com/bjohns3 Jon: https://twitter.com/jbathgate Brad: https://twitter.com/bradsling ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

Julie is joined by Dimitri Dadiomov, Co-Founder/CEO of Modern Treasury (payment operations software provider) to discuss:- Modern Treasury's Series C Round and $2B Valuation (1:07)- the TRILLION dollar difference in the payments space (5:14)- the preferred customer (8:23)- misconceptions of being a founder (14:15)New episodes every Monday and Thursday!For daily updates on the fintech space sent right to your email, subscribe to the FTT Newsletter HERE.For a more in-depth breakdown and analysis of the fintech space, subscribe to the premium newsletter, FTT+, HERE.Follow us on Twitter:FTT - @fintechtoday_Julie - @julieverhage[Theme Song Credit]

We sit down with the one & only Michael Mauboussin to dive deep into his incredible body of work: untangling skill and luck, measuring moats, persistence of returns in venture capital, decision making and — particularly timely — expectations investing and how to think about valuations in the current 2021 market environment. (!!) Michael's work is maybe our most frequent carve out on Acquired, so we're pumped to finally have a chance to interview the man himself. Big thank you to Patrick O'Shaughnessy and Brent Beshore for introducing us all at Capital Camp this year! If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: https://bit.ly/acquiredsoftbanklatam , and tell them that Ben and David sent you! You can get learn more about careers at their portfolio company QuintoAndar at https://carreiras.quintoandar.com.br Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: https://bit.ly/acquiredmoderntreasury (and you can find our reverse interview with them at https://www.moderntreasury.com/acquired ) https://bit.ly/acquiredfundrise Jobs! Big news — we now have a full Acquired Job Board! It's a one-stop-shop with all the very best opportunities from the amazing companies in the Acquired community, including folks like Solana, Italic, Pilot, RabbitHole, Modern Treasury, Vouch, Zapier, Levels and more. AND, if you're more casually open to opportunities, we have a form you can fill out and we'll handpick the best ones and personally send to you as they come up. Check it out at https://www.acquired.fm/jobs Links: Michael's wonderful talk at Google: https://youtu.be/1JLfqBsX5Lc The new revised edition of Expectations Investing: https://www.amazon.com/Expectations-Investing-Reading-Returns-Heilbrunn/dp/0231203047/ The Success Equation: https://www.amazon.com/The-Success-Equation-Untangling-Investing/dp/1422184234/ Measuring the Moat: https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=csplusresearchcp&document_id=1066439791&serialid=4uA2wHojCvFKzqWfwIyDvkSN1pkXRpb43LvyclLcJsk%3D&cspId=null Public to Private Equity: https://www.morganstanley.com/im/publication/insights/articles/articles_publictoprivateequityintheusalongtermlook_us.pdf ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

We sit down with the one & only Kevin Rose to talk about his journey from pioneering Web 2.0 with Digg to leading the charge on Web3 and NFT + DeFi investing as a partner at True Ventures and his new show Modern Finance. We cover it all — TechTV, Digg's true origin story, Milk, Hodinkee, interviewing Beeple and where MoFi goes from here. This was an episode we've been wanting to do forever, and Kevin was truly a blast to hang out with. Tune in and then go check out everything he's building now over at Modern Finance! If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like emergency pods and book club discussions with authors. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: https://bit.ly/acquiredsoftbanklatam , and tell them that Ben and David sent you! You can get in touch Rappi's Sebastian Mejia at sebastian@rappi.com or @mejiasebas on Twitter Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: https://bit.ly/acquiredmoderntreasury (and you can find our reverse interview with them at https://www.moderntreasury.com/acquired ) https://bit.ly/acquiredfundrise Links: Modern Finance: https://modern.finance Especially the Beeple episode: https://modern.finance/episode/beeple-his-story-the-future-of-nfts-his-favorite-digital-artist-and-more/ Proof: https://www.proof.xyz Kevin on Twitter: https://twitter.com/kevinrose

Click Subscribe to keep up to date on the world of fintech!  Reach us at info@fintechnewscast.com or at @fintechnewscast on Twitter Modern Treasury CEO Dimitri Dadiomov and Chief Revenue Officer Juan Santa Cruz join us on the Fintech Newscast https://www.moderntreasury.com

If you are dealing with hundreds — if not thousands — of payments a day, you could hire a 30-person finance team, read 600 pages on ACH, and another 300 on the wire system. Or you could save yourself some time and money by listening to today's guest. That's because Sam Aarons, as Co-Fo under & CTO at Modern Treasury , has helped build a way for you to automate these payments, no matter where you bank, without the hassle you'd face building that capability in-house. In this episode, we discuss: The 3 pillars of Modern Treasury The importance of meeting your customers where they're at Their new double-entry accounting product, Ledger, which can save you even more time and money To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, Spotify , or here and don 't forget to check out our YouTube ! Until next time! Listening on a desktop & can't see the links? Just search for Payments Innovation in your favorite podcast player.

Multiplayer fintech takes payments services to levels of depth and breadth not seen before. The breadth of payments platform services enables other fintechs to bring comprehensive capabilities to their customers. Listen to this conversation with Modern Treasury's CEO Dimitri Dadiomov, its Chief Growth Officer Rachel Pike, and Glenbrook's Erin McCune. You'll hear: The creation story of Modern Treasury and the market conditions that proved demand The central role of enterprise payments operations How payments as a service is evolving as a business How its customers deploy its range of capabilities Why ACH is taking off in the fintech space Come to the Payments on Fire® website for: Expanded show notes Video Podcast transcript The complete Payments on Fire® episode catalog The Glenbrook Education schedule

We sit down with the hottest new protocol layer in crypto today: Solana, and its cofounder Anatoly Yakovenko, who is the CEO of Solana Labs. If you listened to our Ethereum episode or follow crypto even at a cursory level, you've likely heard of Solana and its ability to scale transactions thousands of times higher than Ethereum. And, unlike other so-called "ETH killers", Solana is doing so in production today with large and real applications. We dive into the project's history coming out of the 2017-18 crypto winter, how it works and what's ahead now that they've recently raised $314m (yes that is Pi $million) from a16z and Polychain Capital, with their native SOL tokens currently trading at a market cap around $10B (!). If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like our Book Clubs. We can't wait to see you there. Join here at: https://acquired.fm/lp/ Sponsors: Thanks to SoftBank Latin America for being our presenting sponsor for this special episode. SoftBank has truly been the first and best large capital allocator in the Latin American startup ecosystem, and we are very excited to work with and learn from them over the rest of 2021. If you are an entrepreneur, employee, other investor or simply someone who's interested in learning about the best young companies in LatAm right now, get in touch with them at: https://bit.ly/acquiredsoftbanklatam and tell them that you heard about them on Acquired. Shu's Twitter (which we highly recommend following!): https://twitter.com/snyatta Paulo's LinkedIn: https://www.linkedin.com/in/paulo-passoni-67195/ Thank you as well to Modern Treasury and to Fundrise. You can learn more about them at: https://bit.ly/acquiredmoderntreasury (and you can find our reverse interview with them at https://www.moderntreasury.com/acquired ) https://bit.ly/acquiredfundrise Topics covered: Anatoly's background as a wireless engineer at Qualcomm, and how it led to a fundamental discovery of how to improve crypto system scalability Solana's role in the crypto protocol ecosystem and why there's a need for it (and why it can and will exist) alongside Ethereum versus "killing" it Starting Solana during the 2017-18 crypto winter, and how it forced them to focus just on building and shipping versus raising and posturing Bootstrapping adoption with the mining community (Solana's "true believers") and the early and ardent support they provided Where Solana falls on the Vitalik "Scalability - Security - Decentralization" trilemma, and why Solana's superpower of maintaining composability is so attractive Links: Solana: https://solana.com Solana on Twitter: https://twitter.com/solana Solana Hackathon submissions: https://airtable.com/shriNT26cAZeDJagn/tbl5fZ4E1BBbVAttW FTX: https://ftx.us Audius: https://audius.co Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

The pandemic-related upswing in digital banking is also adding momentum to open banking. Nick Farrow from Modern Treasury joins us to talk about where open banking stands in the U.S. now, and how it may change future customer relationships.

Matt Marcus, the Co-Founder and Chief Product Officer at Modern Treasury is our special guest this week on episode 93 of the Leaders in Payments podcast. Matt was born in south Florida, moved to New Hampshire and attended Dartmouth College and now lives in San Francisco. Modern Treasury was formed when the three founders were responsible for the payment operations system at LendingHome realized that there was a need for a more robust scalable, solution that helps move money. In 2018 the founders completed Y Combinator and had their first customer in the fall of 2018.  Matt and I had a great discussion around today's real-time payments solutions and what they will look like in the future. 

Dimitri Dadiomov is the founder and CEO of Modern Treasury, a payments operations company. Modern Treasury just raised a $38 million series B from Altimeter following up on a $10 million raise from Benchmark. Co-hosting this episode is SVB's Head of Fintech Denny Boyle. The MT Journal You can follow Dimitri on Twitter at @dadiomov and Joe at @joeysweeny

Most people only think about payments when sending or receiving money, but behind the scenes, as many #paymentnerds know, there’s a number of moving parts in the payment process. Rachel Pike, Chief Growth Officer at Modern Treasury, guides us through the roadmap of the payment lifecycle to discuss: The evolution of real time payments (RTP) Delivering a delightful customer experience RTP system’s biggest challenges What's next for RTP OPTIONAL: Check out these resources we mentioned during the podcast: Rachel Pike, Chief Growth Officer at Modern Treasury Want to hear more episodes like this? Find us on Apple Podcasts, Stitcher, and the Payment Nerd’s website. Listening on a desktop & can’t see the links? Just search for Payment Nerds in your favorite podcast player.

Ask anyone who the core audience is for digital banks, the answer will be “millennials,” “young people,” or some variation on that theme – basically “the kids!”  A study by MetaBank reveal that conventional wisdom is only partially right. The digital banking audience includes several groups of people, and there are opportunities for both traditional banks and the new generation of challenger banks.  In the latest episode of the IPA Payments Pod, we talk about the findings of the study with Whitney Woyke, senior vice president of partner engagement with MetaBank. We cover the main findings of the study, what they mean for banks looking for customers, and how the pandemic has shaped customer behavior.  Listeners can find the full study here: The Digital Migration: Growing Share of Banking ebook2 - Meta Payments  Whitney also moderated a panel about the future of banking as a service at the IPA’s virtual Innovative Payments conference on April 12. Whitney also moderated a panel about the future of Banking as a service at the IPA’s virtual Innovative Payments conference on April 12. The panel included Alex Kostecki, co-founder and COO of Clair, Kelly Knutson, president of Netspend, Patrick Williams, vice president of emerging payment solutions and debit processing sales for Visa, and Jenny Johnston, head of bank partnerships for Modern Treasury. If you would like to purchase access to the full recording of the session, contact us at info@ipa.org. 

The very cool (and also very hot! you can read about their recent funding rounds from Benchmark and Altimeter) fintech startup Modern Treasury recently asked if they could interview us for their internal "Coffee Break" series of fireside chats. We agreed, on one condition... that we also get to interview them and share with Acquired LPs! The result was a match made in Acquired interview heaven. :)  Links: Modern Treasury: https://www.moderntreasury.com  MT's Journal: https://www.moderntreasury.com/journal 

Banking and money management are at the core of many modern applications. Payment operations teams work to enable the transfer of funds between different bank accounts, and to track the movement of those funds effectively. Modern Treasury is a company that builds payment operations APIs. Sam Aarons works at Modern Treasury and joins the show to talk through the engineering at Modern Treasury.

Why does modern treasury technology matter? On this episode of the podcast, Strategic Treasurer's Managing Partner, Craig Jeffery, and GTreasury's Chief Product and Technology Officer, Alok Tyagi, discuss some of the largest challenges facing today's digital treasury professional.  Listen in as they evaluate how technology is being leveraged to address these obstacles and learn of some ongoing innovations that will impact both the future use of these systems as well as future workflow realities for treasury operations.