From Bootstrapping to Being Acquired by SoFi and Learning From Constraints, with Mikaal Abdulla, Co-founder and CEO of 8 Securities

26/06/2020 41 min Episodio 136
From Bootstrapping to Being Acquired by SoFi and Learning From Constraints, with Mikaal Abdulla, Co-founder and CEO of 8 Securities

Listen "From Bootstrapping to Being Acquired by SoFi and Learning From Constraints, with Mikaal Abdulla, Co-founder and CEO of 8 Securities"

Episode Synopsis

Our guest today is Mikaal Abdulla, Co-founder and CEO of 8 Securities, a zero-commission mobile-only securities platform that was recently acquired by SoFi. From bootstrapping the business to raising an impressive 1st round of $8 million followed by successive rounds to finally being acquired by SoFi in April, Mikaal and 8 Securities have turned a full-circle.Show Notes:1:41 Introduction to Mikaal Abdulla2:31 Motivation to Start 8 Securities4:12 Raising the first round of $8 million7:50 How to measure traction8:52 The importance of understanding customer needs17:33 Finding the balance between consumers' needs and CEO's expectations20:38 Going mobile: a pivotal moment28:10 Surprising discovery entering into new market32:32 Connection between funding and breakthroughs34:40 Learning from constraints38:11 SoFi acquisition39:50 Advice to founders Many thanks to our guest Mikaal Abdulla; host Oscar Ramos; producers Eva Shi and Sagar Chaudhary; editor David; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.comShare, subscribe, review, enjoy!Follow us on LinkedIn: www.linkedin.com/company/the-china-startup-pulse/Email us: [email protected]

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