Stripe bought his startup for $1.1B—just 2.5 years after he quit his job. | Zach Abrams, Co-Founder of Bridge episode artwork

EPISODE · Jan 13, 2025 · 55 MIN

Stripe bought his startup for $1.1B—just 2.5 years after he quit his job. | Zach Abrams, Co-Founder of Bridge

from A Product Market Fit Show | Startup Podcast for Founders · host Mistral.vc

Zach was burned out after a decade of working at top roles in Coinbase, Square and Brex. He quit with no startup idea-- and then, he went right back in. Given their background, Zach and his co-founder quickly raised an $8M seed round to build an NFT-related product in Web3.One month later, they completely abandoned their idea. They realized it was never going to work. Then, the floor fell from underneath them. FTX went bankrupt. SVB fell apart. They took punches to the face for the first 6 months straight.But, when everyone was paying attention to Gen AI in late 2022, Zach kept going deep in Web3. He noticed stablecoins were growing but there was no platform for developers to build with. So he built Bridge, a Stripe-like API for stablecoins.The first months post-launch were underwhelming-- until they landed a fast-growing customer. From then on, the next year was exceptional 10x+ growth. Then Stripe noticed them.In Oct 2024, they were acquired for $1.1B. Just 2.5 years after he started.Here's the story of how it all happened. Why you should listen:Why even $1B+ exits still feel like rollercoasters from the inside. How to quickly abandon ideas and pivot to what truly matters.How they found a massive opportunity where no one else was looking.Why starting outside of the Bay Area was critical to their success.Keywordsstartup, billion-dollar exit, stablecoins, investor relations, crypto, fintech, market dynamics, entrepreneurship, pivot, challenges, stable coins, startup journey, acquisition, fintech, market resilience, product market fit, Pablo Srugo, Bridge, Stripe, entrepreneurshipTimestamps(00:00:00) Intro(00:2:46) Starting at the Worst Time(00:8:56) The Emotions on Pivoting a Month After Raising(00:11:44) Pivoting(00:18:24) Leaving Brex(00:20:36) Working on Something Out of Trend(00:28:34) The Core Beliefs of Bridge(00:32:56) Launching & First Customer(00:38:57) Sometimes you Can't Think Too Much(00:42:29) Series A(00:44:24) The Acquisition(00:49:05) The Feeling of Exiting for a Billion(00:52:24) One Piece of AdviceSend me a message to let me know what you think!

Episode metadata supplied by the publisher feed · Published Jan 13, 2025

Embed this episode

Zach was burned out after a decade of working at top roles in Coinbase, Square and Brex. He quit with no startup idea-- and then, he went right back in. Given their background, Zach and his co-founder quickly raised an $8M seed round to build an NFT-related product in Web3. One month later, they completely abandoned their idea. They realized it was never going to work. Then, the floor fell from underneath them. FTX went bankrupt. SVB fell apart. They took punches to the face for the first 6 ...

Distinct summary based on available episode metadata or transcript content.

NOW PLAYING

Stripe bought his startup for $1.1B—just 2.5 years after he quit his job. | Zach Abrams, Co-Founder of Bridge

0:00 55:25

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of A Product Market Fit Show | Startup Podcast for Founders?

This episode is 55 minutes long.

When was this A Product Market Fit Show | Startup Podcast for Founders episode published?

This episode was published on January 13, 2025.

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

Can I download this A Product Market Fit Show | Startup Podcast for Founders episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!