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The China Startup Pulse

146 EpisodesProduced by ChinacceleratorWebsite

The China Startup Pulse Podcast is an original weekly podcast for anyone interested in understanding China’s innovation, business, and tech landscape. We showcase entrepreneurial stories, present key teachings from thought leaders, and analyze the strategy of the big tech giants.Backed by Chinaccele… read more

41:30

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

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 Abdulla

2:31 Motivation to Start 8 Securities

4:12 Raising the first round of $8 million

7:50 How to measure traction

8:52 The importance of understanding customer needs

17:33 Finding the balance between consumers' needs and CEO's expectations

20:38 Going mobile: a pivotal moment

28:10 Surprising discovery entering into new market

32:32 Connection between funding and breakthroughs

34:40 Learning from constraints

38:11 SoFi acquisition

39:50 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.com

Share, subscribe, review, enjoy!

Follow us on LinkedIn: www.linkedin.com/company/the-china-startup-pulse/

Email us: team@chinastartuppulse.com

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