Paradigm Shift

EP2: Bo Jiang, founder/CEO Lithic ($800m), on building Privacy.com and pivoting to Lithic which provides easy to use card issuing APIs to make money programmable

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Conversation with Bo Jiang - founder and CEO of Lithic, which offers an API for card issuing. We talk about Bo's incredible journey starting out as a consumer focussed company (Privacy.com), and pivoting to Lithic, which is an easy to use API for card issuing. 

Today, Lithic is one of the fastest growing company in Fintech and recently announced a Series C at an $800m valuation. In this conversation, we focus on the early days and pivotal moments in Bo's journey. 

Episode Highlights:

  1. Growing up in the midwest
  2. How Bo got started building products
  3. Story and insight that led to Privacy.com
  4. Challenges building on a legacy processor
  5. Anatomy of a card transaction - acceptance vs issuance
  6. Why they built their own infrastructure for issuance
  7. Lightbulb moment to pivot from Privacy.com to Lithic
  8. Programmable money and new use cases the Lithic API enables
  9. Impact of Covid - metrics and remote work
  10. Thoughts and reflections on crypto 

Links:

  • Follow Bo on Twitter @bolingj
  • Read this terrific analysis on Not Boring to learn more about Lithic
  • Check out the Lithic website to explore use cases and get started with the API, and Privacy.com for personal payments
  • Lithic is growing fast and hiring across almost all areas -- explore their open opportunities

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Paradigm ShiftBy Ashish Kundra and Zane Salim
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