Zach Perret

Well, velocity is correct, speed in a given direction. The direction also should be right. It should be the correct direction.

Well, velocity is correct, speed in a given direction. The direction also should be right. It should be the correct direction.

My take is great entrepreneurs are going to apply their unique lens to what they do. We have this weird philosophy. I think that raising money is a big waste of time. So we try to raise money as infrequently as we possibly can within Plaid. So we go two and a half, three years between funding rounds.

My take is great entrepreneurs are going to apply their unique lens to what they do. We have this weird philosophy. I think that raising money is a big waste of time. So we try to raise money as infrequently as we possibly can within Plaid. So we go two and a half, three years between funding rounds.

My take is great entrepreneurs are going to apply their unique lens to what they do. We have this weird philosophy. I think that raising money is a big waste of time. So we try to raise money as infrequently as we possibly can within Plaid. So we go two and a half, three years between funding rounds.

And in the early days, some people would call us and be like, oh, is the company dead because you haven't raised in the last 12 months? And we're like, no. Revenue's growing. Everything looks great. We just didn't want to raise money.

And in the early days, some people would call us and be like, oh, is the company dead because you haven't raised in the last 12 months? And we're like, no. Revenue's growing. Everything looks great. We just didn't want to raise money.

And in the early days, some people would call us and be like, oh, is the company dead because you haven't raised in the last 12 months? And we're like, no. Revenue's growing. Everything looks great. We just didn't want to raise money.

We kind of did what felt natural for the company and what felt right for us. My dig is money is a resource. When you need the resource, you should go get the resource. And you should do it, yes, of course, in the most efficient way that you possibly can. But for a certain amount of time, we just didn't need the resource. We weren't spending a ton. Our business was profitable in the early days.

We kind of did what felt natural for the company and what felt right for us. My dig is money is a resource. When you need the resource, you should go get the resource. And you should do it, yes, of course, in the most efficient way that you possibly can. But for a certain amount of time, we just didn't need the resource. We weren't spending a ton. Our business was profitable in the early days.

We kind of did what felt natural for the company and what felt right for us. My dig is money is a resource. When you need the resource, you should go get the resource. And you should do it, yes, of course, in the most efficient way that you possibly can. But for a certain amount of time, we just didn't need the resource. We weren't spending a ton. Our business was profitable in the early days.

Not intentionally, it just happened to be. And so we were like, oh, we don't need the money resource. Money is not the tool that we need to use in order to solve the next challenge. Then later it became the tool, so we wanted to raise more money.

Not intentionally, it just happened to be. And so we were like, oh, we don't need the money resource. Money is not the tool that we need to use in order to solve the next challenge. Then later it became the tool, so we wanted to raise more money.

Not intentionally, it just happened to be. And so we were like, oh, we don't need the money resource. Money is not the tool that we need to use in order to solve the next challenge. Then later it became the tool, so we wanted to raise more money.

That seems like I would have wasted a lot of time. What was the hardest funding round? Our seed round was horrible.

That seems like I would have wasted a lot of time. What was the hardest funding round? Our seed round was horrible.

That seems like I would have wasted a lot of time. What was the hardest funding round? Our seed round was horrible.

Oh, my gosh. We have this crazy story. I don't think I've told this publicly. We started out first building a consumer app. So this was kind of post-2008 financial crisis. There's this movement called Occupy Wall Street. And it was like people moved tents in and lived in Wall Street. And the big takeaway from everyone was consumers are really frustrated with financial services.

Oh, my gosh. We have this crazy story. I don't think I've told this publicly. We started out first building a consumer app. So this was kind of post-2008 financial crisis. There's this movement called Occupy Wall Street. And it was like people moved tents in and lived in Wall Street. And the big takeaway from everyone was consumers are really frustrated with financial services.

Oh, my gosh. We have this crazy story. I don't think I've told this publicly. We started out first building a consumer app. So this was kind of post-2008 financial crisis. There's this movement called Occupy Wall Street. And it was like people moved tents in and lived in Wall Street. And the big takeaway from everyone was consumers are really frustrated with financial services.