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Alex Rampell

๐Ÿ‘ค Speaker
977 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

And I say this because the best entrepreneurs that I've met

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

They have learned everything about the space.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

To show what a great investor I am, when I was running my company, TrialPay, I met with, I think, Patrick Callison.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

I know a lot about payments.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

I've been doing like payment stuff since 1997 on the intranet, which is kind of early stages for intranet online acceptance of credit cards.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

Meet Patrick.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

And obviously, I passed on doing the seed round of Stripe because I'm a genius.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

It was called Dev Payments at the time.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

I was not in the Drewson Horowitz, so don't hold it against me.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

It didn't hurt our DPI.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

And luckily, the firm invested in them.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

But two things.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

I asked Patrick, where are your customers going to come from?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

Because everybody uses Chase Payment.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

He's like, oh, my customers don't exist yet.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

It's like the stupidest answer I've ever heard.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

But obviously, it was genius.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

But number two, what really did impress me is that he knew everything about the history of the payment systems.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

I think he actually went out to go meet D. Hawk, the founder of Visa.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: a16z's $15BN Fundraise with Alex Rampell | The Best Companies Have Hostages Not Customers | The Best Founders Materialise Capital, Customers and Labour | Mid-Sized Funds with Die and The Future of Venture Capital

John Collison gave me a book on one of those Springer yellow academic textbooks on the origins of the payment system.