Artwork

How Mercury Hit $500M ARR—then raised $300M from Sequoia at $3.5B. | Immad Akhund, CEO & Founder of Mercury

A Product Market Fit Show | Startup Podcast for Founders

15 subscribers

published

Play Playing
iconShare
 
MP3•Episode home
Manage episode 495661546 series 3298391
Content provided by Mistral.vc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mistral.vc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Immad grew Mercury to $500M in annualized revenue and profitable. Mercury is one of the fastest-growing fintech startups ever. No wonder they just raised $300M from Sequoia at $3.5B.

Immad breaks down exactly how he structured a viral launch, why fundraising is easier with zero customers than you think, and how he unlocked massive word-of-mouth growth. If you’re building a startup, especially in fintech, you can’t miss this episode.

Why You Should Listen

  • How Mercury went from $0 to $1M ARR in just 5 months
  • How Mercury leveraged Twitter to explode user growth at launch
  • Why building with zero users might be your secret advantage
  • Why Immad believes defining company culture at employee #4 was critical to hitting $500M in revenue

Keywords

Mercury, Sequoia, Immad Akhund, startup fundraising, fintech startup, product market fit, neobank, early-stage growth, Y Combinator, banking as a service, startup culture

00:00:00 Intro

00:09:23 How Immad Validated the Idea for Mercury

00:17:53 Why Immad Turned Down VC to Start Another Company

00:28:11 How Immad Raised a $6M Seed Round Before Writing Any Code

00:36:08 Launching Mercury and Going Viral on Twitter

00:47:08 Knowing You Have Product Market Fit

00:51:48 Raising a $20M Series A Just 3 Weeks After Launch

00:53:10 The Importance of Defining Your Culture Early

Send me a message to let me know what you think!

…   continue reading

Chapters

1. Intro (00:00:00)

2. How Immad Validated the Idea for Mercury (00:09:23)

3. Why Immad Turned Down VC to Start Another Company (00:17:53)

4. How Immad Raised a $6M Seed Round Before Writing Any Code (00:28:11)

5. Launching Mercury and Going Viral on Twitter (00:36:08)

6. Knowing You Have Product Market Fit (00:47:08)

7. Raising a $20M Series A Just 3 Weeks After Launch (00:51:48)

8. The Importance of Defining Your Culture Early (00:53:10)

206 episodes

#Entrepreneur #Business #Mistral.vc #Tech Startups #Tech #Startup #Product Market Fit