Brendan Wood
π€ PersonAppearances Over Time
Podcast Appearances
14 years of work only to have people tell you that, what, probably there's no market for this, no one's going to buy it. But then powering through it anyway, like, ton of respect for that. I mean, I mentioned Plaid earlier. I have a ton of respect for the founders of Plaid, Zach ParΓ©, Will Hockey. I actually had lunch with Will back in 2013, shortly after they raised their round.
14 years of work only to have people tell you that, what, probably there's no market for this, no one's going to buy it. But then powering through it anyway, like, ton of respect for that. I mean, I mentioned Plaid earlier. I have a ton of respect for the founders of Plaid, Zach ParΓ©, Will Hockey. I actually had lunch with Will back in 2013, shortly after they raised their round.
Will was telling me what they're doing, and I'm like, I don't get it. He even suggested that I join the team at one point because I was involved in, like, web scraping and a bunch of stuff that would have been relevant for them. And I was like, nah, I don't really understand who could possibly have use for a bank account integration.
Will was telling me what they're doing, and I'm like, I don't get it. He even suggested that I join the team at one point because I was involved in, like, web scraping and a bunch of stuff that would have been relevant for them. And I was like, nah, I don't really understand who could possibly have use for a bank account integration.
Will was telling me what they're doing, and I'm like, I don't get it. He even suggested that I join the team at one point because I was involved in, like, web scraping and a bunch of stuff that would have been relevant for them. And I was like, nah, I don't really understand who could possibly have use for a bank account integration.
And there's interviews with Zach out there, same sort of thing, where that was one of the big early problems they had was how do you convince people to fund something where the market doesn't exist? They laugh. I'm like, oh, I really understand what they saw now.
And there's interviews with Zach out there, same sort of thing, where that was one of the big early problems they had was how do you convince people to fund something where the market doesn't exist? They laugh. I'm like, oh, I really understand what they saw now.
And there's interviews with Zach out there, same sort of thing, where that was one of the big early problems they had was how do you convince people to fund something where the market doesn't exist? They laugh. I'm like, oh, I really understand what they saw now.
Overall, I'd encourage them to have confidence in their vision and lean into it. If the entrepreneur is not confident, they say, I'm having a hard time really like buying in and jumping in. Okay. Probably have questions. You probably have some concerns and you should answer those concerns first and foremost.
Overall, I'd encourage them to have confidence in their vision and lean into it. If the entrepreneur is not confident, they say, I'm having a hard time really like buying in and jumping in. Okay. Probably have questions. You probably have some concerns and you should answer those concerns first and foremost.
Overall, I'd encourage them to have confidence in their vision and lean into it. If the entrepreneur is not confident, they say, I'm having a hard time really like buying in and jumping in. Okay. Probably have questions. You probably have some concerns and you should answer those concerns first and foremost.
And I think that's hard for a lot of new entrepreneurs because there's a strong risk of you go to measure this thing and you realize the answer is not what you hoped. It's getting punched in the mouth repeatedly, right? Like it's hard to say, yeah, I'm going to go take another one of those.
And I think that's hard for a lot of new entrepreneurs because there's a strong risk of you go to measure this thing and you realize the answer is not what you hoped. It's getting punched in the mouth repeatedly, right? Like it's hard to say, yeah, I'm going to go take another one of those.
And I think that's hard for a lot of new entrepreneurs because there's a strong risk of you go to measure this thing and you realize the answer is not what you hoped. It's getting punched in the mouth repeatedly, right? Like it's hard to say, yeah, I'm going to go take another one of those.
If the answer you find is based in reality, then it's better to find that sooner rather than later in almost every case. One of our closely held beliefs at SnapTrade is that our product is this unified trading API. It won't work without the support of stockbrokers in the long run. Right. Like we're not a broker dealer ourselves. We had no plans on being one.
If the answer you find is based in reality, then it's better to find that sooner rather than later in almost every case. One of our closely held beliefs at SnapTrade is that our product is this unified trading API. It won't work without the support of stockbrokers in the long run. Right. Like we're not a broker dealer ourselves. We had no plans on being one.
If the answer you find is based in reality, then it's better to find that sooner rather than later in almost every case. One of our closely held beliefs at SnapTrade is that our product is this unified trading API. It won't work without the support of stockbrokers in the long run. Right. Like we're not a broker dealer ourselves. We had no plans on being one.
We essentially partner with stockbrokers around the world and we see them as like hardware that we're running on. Right. Like they provide custody, compliance and execution. And we're never going to do that because that's just not our jam. So they are the regulated bag holders for all of this stuff.
We essentially partner with stockbrokers around the world and we see them as like hardware that we're running on. Right. Like they provide custody, compliance and execution. And we're never going to do that because that's just not our jam. So they are the regulated bag holders for all of this stuff.
We essentially partner with stockbrokers around the world and we see them as like hardware that we're running on. Right. Like they provide custody, compliance and execution. And we're never going to do that because that's just not our jam. So they are the regulated bag holders for all of this stuff.