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Pulling a team together who understand that need and know how to get there is important. So, the lesson here is clear: you need an absolutely killer product. But because the product is so fantastic, it drew me (and one million others) in. And if any other company shipped it, I may not use it until more features appeared (most noticeably, bill pay and reporting). Quicken has been caught completely flat-footed - their Quicken Online product is a weak, uninspired, water-downed version of Mint itself and their forthcoming version of Quicken for Mac, while claiming to be a complete re-write, still misses the mark completely (why must my entire financial life reside on one computer all the time and not online? Why must Quicken insist on charging banks in order to support Quicken when Mint supports more than 7500 financial institutions in the US, virtually every one that matters, and, with Mint’s iPhone app and email alert system, Mint is built for those of us who live our busy lives online and through multiple devices and presents us with beautiful budgeting and investment analysis - just the stuff that matters.) As if scripted perfectly by the Mint PR team themselves, Intuit’s lawyers actually sent Mint a letter two weeks ago flabbergasted by Mint’s claims of growth. Since launching in September 2007 and winning the TechCrunch 40, Mint has about 1M users and has probably developed an insurmountable lead over its new-startup competition. Mint demonstrates both a better understanding of the customer and a much better product than Intuit has delivered. Although it is missing key features to completely overtake Quicken, it is light-years ahead in its usefulness and intuitiveness (pun intended). You can see his attention to detail in the product. They looked like completely designed pages to me. He showed me the specs he creates in Photoshop. And he doesn’t just discuss what he’d like to see in the product - he designs things himself. But he is also the chief product visionary for the company. It’s because his product is amazing.Īaron has both EE and CSE degrees from Duke and Princeton. But that realization is not the only thing driving his success. But Aaron recognized weakness in the market leaders: the products have become overly complex, have not adapted to the lifestyles and needs of today’s digital consumers, and perhaps most importantly, their innovation has been non-existent for almost a decade. It’s an audacious notion, since Quicken’s Intuit and, to a lesser extent, Microsoft’s Money, are so dominant. is the leader of several startups focused on personal financial management. Not good, not “okay for now”, but, to steal from SJ, insanely great. Going back to my Apple days, however, I learned a valuable lesson that I did not always practice as an entrepreneur, and Aaron Patzer, the CEO and founder of Mint reminds me of why it is critical: the product must be absolutely stellar.
#Intuit mint founded free#
(Feel free to disagree, fellow VCs.) As an entrepreneur, I always thought most about those three subjects as well. I think I speak for most when I say it is usually: team, market, product. VCs spend a lot of time boiling down the characteristics of successful companies into their simple essence. But some do not, and for those of you thinking about taking the plunge into startup-land, there is an important message here: it’s all about the product. Most entrepreneurs already understand this concept pretty clearly. LOANS ARE ARRANGED THROUGH 3RD PARTY LENDERS.This is a column that really doesn’t need to be written. NO MORTGAGE SOLICITATION ACTIVITY OR LOAN APPLICATIONS FOR PROPERTIES LOCATED IN THE STATE OF NEW YORK CAN BE FACILITATED THROUGH THIS SITE. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR RESIDENTIAL MORTGAGE
#Intuit mint founded generator#
CFL License #60DBO-116115 | License and disclosure | NMLS Consumer Access LEAD GENERATOR ONLY, NOT ACTING IN THE CAPACITY OF A MORTGAGE LOAN ORIGINATOR, MORTGAGE BROKER, MORTGAGE CORRESPONDENT LENDER OR MORTGAGE LENDER. In California loans are made or arranged by Intuit Mortgage Inc.
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(CFL #6055856) | Licenses The Mint Mortgage experience is a service offered by Intuit Mortgage Inc., a subsidiary of Intuit Inc, NMLS #1979518. In California, loans are made or arranged by Intuit Financing Inc. ( NMLS #1136148), a subsidiary of Intuit Inc.
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Intuit Personal Loan Platform is a service offered by Intuit Financing Inc.