#70 Building A Bank for Startups & Helping Them Secure Their Seed Round with Top Investors with Immad Akhund

12/22/2020

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Immad Akhund is the co-founder and CEO of Mercury, a bank for startups, engineered in Silicon Valley and aimed for tech companies to help them succeed.

Immad & Mercury had raised over $25 million from investors like Andreessen Horowitz and Charles River Ventures.

Prior to launching Mercury, he co-founded HeyZap which was acquired for $45 million by Fyber.

During this interview we cover:

00:00 A word From The Sponsor
01:02 Intro
01:58 Immad’s Background, Launching & Exiting HeyZap & $45MM Acquisition
04:21 What Drove the Success of HeyZap & How Was the Process of Acquisition & Eventual Exit
06:12 How Exiting his Company Changed Immad’s Life & Focusing in a New Market
09:37 Why Did Immad Decided to Focus on a Bank for Startups
12:44 Main Factors or Value Propositions of Mercury that Makes it Suitable, Targeted & Competitive
14:29 How Mercury Deliver Meaningful & Personalized Experiences
16:53 Is Mercury for Everyone, Old and New Entrepreneurs?
18:15 Best Growth & User Acquisition Strategy for Mercury
24:09 Innovations being Leveraged to Optimize the Existing Procedures & Processes for Maximum Efficiency in Mercury
26:26 How Mercury Raise Get Your Seed Round In Front Of Top Investors
31:31 Advice you Wish you Had Known & would Tell your 25 year old self
35:18 Biggest Challenges Mercury’s Currently Facing
37:27 Top Resources Instrumental for Immad’s Success
39:57 What does success mean to Immad Today?
41:06 Future for Mercury, Immad & Where to Get in Touch