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.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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