Venture Lab with Luis
Tim Chong, founder and CEO of Yonder, reveals how he went from a Single room apartment in London during COVID lockdown to building one of Europe's fastest-growing consumer fintechs competing against billion-dollar incumbents like American Express, Visa, and Mastercard. We cover the hidden cost of the founder journey, surviving Silicon Valley Bank's collapse with £12M trapped, and why "foodies in London" beat big TAM thinking.In this episode, Tim shares:- The real price of startup life that nobody talks about. - Silicon Valley Bank collapsed with £12M in their account right after closing Series A- The sticky tape to scaling framework: how to sequence startup problems correctly- Being Optimist AND Paranoid: the leadership paradox every founder must embrace- Finding product-market fit is like giving birth: you can't fast-track it with capital- Risk assessment: go for capped downside, uncapped upside- Founder vs CEO: why they're different jobs and how to learn bothThis is for founders building consumer products, raising pre-seed/seed, battling incumbent competitors, struggling with work-life balance, or questioning the 10-year commitment.Tim Chong | Founder & CEO, Yonder Previous: Media background, worked on M-Pesa in Kenya, management consultant Yonder: Consumer fintech credit card with city discovery, launched 2021, tens of thousands of customers
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