463: Why Small Customers Matter with ​​Immad Akhund of Mercury

463: Why Small Customers Matter with ​​Immad Akhund of Mercury

Since 2006, Immad Akhund has been investing in and building startups. But he always struggled with working with traditional banks to run his startups, especially as a non-US resident. He figured someone else would solve it, but the issue was still on the table by the time he exited his fourth startup in 2017. So, he launched Mercury, a bank for startups that now is a fintech unicorn valued at $1.62 billion. On the side, Akhund also is an angel investor of 240-plus startups, many of which are unicorns. Listen to Nathan and Immad discuss: How failure hooked him onto entrepreneurship The origins of Mercury as a fix for startup banking How he used Twitter to earn customers Why the journey is better than the end result Where he invests in future-state startups What makes a strong entrepreneur Why your small customers matter Common mistakes startups make with banks And much more fintech advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs. Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now... For more Foundr content, follow us on your favorite platform: Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

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116: How Eskil Nordhaug Raised $123,000 to Change Mobile Video (Crowdfunding Series Part 1)

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The problem Eskil Nordhaug wanted to solve for people was simple. Videos taken with smartphones or small cameras are notoriously shaky. So he simply looked at the needs. He asked himself what it would...

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115: How to Build a Millennial Brand with 10M Monthly Visitors with Derek Flanzraich from greatist.com

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There's a common thread in a lot of entrepreneurs' stories: They were facing a problem, couldn't find the solution they were looking for, so went ahead and built it themselves. That's exactly what Der...

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114: What it Takes to Build America's Largest Wine Brand (Barefoot Wine) with Michael Houlihan & Bonnie Harvey

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When you think about wine, you most likely imagine stern-faced sommeliers, or parties where tuxedos and hors d'oeuvres on silver platters are the norm. Michael Houlihan and Bonnie Harvey do not fit th...

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113: Learn How to Build the Largest Car Company in The World with Robin Chase of Zipcar

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When Zipcar first started it was nothing more than a green Volkswagen beetle named "Betsy." It was parked outside of Robin Chase's house and the key was hidden underneath a pillow on her porch. Inside...

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112: The Crazy Origin Story of Couchsurfing.com with Casey Fenton

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Casey Fenton, like many of us in our 20s, wasn't entirely sure where he would go in life. Growing up in a small town in Maine, he started to think about this entire world that existed beyond the borde...

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111: Why You Should Never Give up on Your Dreams as an Entrepreneur with Eugene Woo of Venngage

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For most entrepreneurs, the real test isn't whether or not you can grow a successful business, but how well you can bounce back from failure. For some, this will prove to be too much and they'll hang ...

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110: The Secret to Creating & Mastering Content at Scale with Sujan Patel of ContentMarketer.io

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Every morning of every day, Sujan Patel starts his day by getting out all of his creative energy onto paper. The process is relatively simple. He starts by recording himself talking about whatever top...

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109: Inside the Mind of the Elvis of Advertising - Alex Bogusky

109: Inside the Mind of the Elvis of Advertising - Alex Bogusky

During a creative career filled with awards and recognition, it took Alex Bogusky a while to realize that none of it mattered unless he loved the work. “You could win the Grand Prix at Cannes—the next...

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