Immad Akhund is the CEO of Mercury, a bank for startups. He’s also a multi-time founder and a Dual Threat CEO with over 300+ angel investments.
Auren and Immad discuss the collapse of SVB and how Mercury handled an influx of over $2 billion in deposits. Immad explains some lesser-known structural aspects of the banking system that affect the product and customer experience.
Auren and Immad also talk about crowdfunding a startup, how much focus founders need to succeed, and why Dual Threat CEOs can outperform conventional VCs.
World of DaaS is brought to you by SafeGraph & Flex Capital. For more episodes, visit safegraph.com/podcasts.
You can find Auren Hoffman on Twitter at @auren and Immad on Twitter @immad.