Tom Blomfield: How I Created Two Billion-Dollar Fintech Startups
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- čas přidán 8. 06. 2024
- There aren’t a ton of people in the world who can say they founded a billion dollar company. There are far fewer that can say they did it twice. YC Group Partner Tom Blomfield is one of them.
Each episode of our series Backstory will introduce you to one of YC’s Group Partners and the path they took to get here. If you aspire to change the world with your startup, Tom's story exemplifies the joys and trials of pursuing these ambitious ideas.
Apply to Y Combinator: yc.link/Backstory-apply
Work at a Startup: yc.link/Backstory-jobs
Chapters (Powered by bit.ly/chapterme-yc) -
00:00 - Intro
02:52 - GoCardless
05:07 - Starting Monzo
08:46 - COVID challenges
10:24 - Stepping away from Monzo
13:10 - Joining Y Combinator
13:54 - Outro
Directors:
Ryan Loughlin
Zach Both
Director of Photography:
Matt Piniol
Editors:
Hoku Uchiyama
Zach Both
Ryan Loughlin
Additional footage provided @jakewrightnet - Věda a technologie
Chapters (Powered by ChapterMe) -
00:00 - Intro: Tom Blomfield Backstory
01:35 - Growing up fascinated with computers
02:12 - Career path: Corporate lawyer
02:33 - Starting an online student marketplace while at Oxford
02:52 - Bill splitting app to GoCardless
04:24 - Leaving Go Cardless, turning Monzo into a global payments powerhouse
06:50 - Monzos ambitious vision and user growth
08:46 - COVID challenges - Funding crisis risking company's survival
10:24 - Stepping away from Monzo
11:59 - Transitioning to angel investing
13:10 - Joining Y Combinator
13:54 - Outro
Watching a Funded Billionaire Tech Founder be so grounded, human and vulnerable made it all seem a little more achievable. Thank you for doing this Tom. I needed it today.
Really look forward to meeting with you in person in the next 10 years!
This was amazing. Please do this for all of the YC partners.
Tom, you're an inspiration to everyone.
Fantastic idea!
This is the sort of content I have been scraping CZcams and the web for.
Please, please, more of this!
This video was so emotional. I cried at the moment he said Tom said he took a year off just recovering basically. I could relate because I also had a similar situation as the Licensee and organizer of a TEDx event and though the event was a sucess I was really drained from the challenges we encountered along the way and I took almost 2 months recovering from that.
Starting a company takes a significant toll on mental health. The experience Tom describes is the norm not the exception. Don't forget to take care of yourselves my fellow founders!
It’s terrible and most of the time the only person to go to is yourself.
I started Teja.app(Journaling and Mood tracking). Since, I wanted a product for myself.
Thank you 😢
Tom's a huge inspiration and incredibly humble!
More of Tom! Love listening to him! Been a Monzo users for 5 years now!
Tom interviewed me for YC when I was 15, gave a lot of great advice. Good on him.
love this, thanks for the honestly and transparency Tom!
Dang! I literally felt goosebumps just listening to him; the passion in his voice and how connected he still feels to his journey. Tom definitely has a gift for telling stories and connecting with his audience
Thank you, Tom Blomfield, and Thank you, the video team at Y Combinator.
The editing on this is incredible. Great story too but all those small touches with music and the timing if thebbites and the subtle image changes are amazing.
new video editing style is amazing ❤
That was beautiful. Very inspiring closing.
I stumbled to this video and is the best thing I've seen for a while. tks. excellent.
Great story Tom, thanks for sharing 👏👏👏
Really awesome short documentary. Loved it!
What an amazing video! Thank you for inspiration!
Wow! This brings me back to life as an aspiring founder. Thanks a lot
Very nice video, really interesting. Many lessons to learn.
Thanks YC and Tom Blomfield, do create more of these please. 👍👍
Very inspiring story Tom, I enjoyed your interview on the DOAC podcast episode as well
please do this with all YC Partners!! super interesting and motivating
Great to actually hear it from Tom's mouth. Been watching him over years.
Thanks for the inspiration! Now, I have immense energy to push forward with my startup.
What's your industry?
Knowing when to step away is the most important takeaway from Tom's experiences.
Thank you for making this video. I could relate so much and I am at a tipping point and Blomfield's words made me tip.
Great video- Tom is so eloquent
please, more videos like this!!!
Whoever edited this deserves a raise.
they get paid enough
Was it you? Did you write it because you don't get paid enough?
👏🏻 amazing video YC!
I've loved Monzo for years even though I don't have an account. As a founder myself now, I relate very much with what Tom is discussing here. Thanks for this!
Amazing video. I really liked how Tom showed himself vulnerable as a founder and CEO. It really makes us, entrepreneurs, humans.
I love the fact that, he learns from his mistakes 🎉🎉🎉🎉
How impressive! Kudos Tom
YC+ Masterclass. Job well done
What a legend. Really inspirational!
Phenomenal story
A lot of Steve jobs quotes in here!
yet it works. I think the bottom line is : A LOT OF Effin work mate! to make that work. Monzo Revolut in London especially Revolut the fintech space is known to be a brutal space for work the standard are high and the work is real. I personnaly like it. since at the end it creates happy customers that actually use your product / code.
this is fire! good stuff!
So inspiring backstory 🎉 I hope i can make such impact one day
Amazing video, Tom is a great CEO.
I love the Steve Jobs quote at the end
Here I come YC
Absolute inspiration, you're living the life I want. We will meet one day.
I bow you man!
This video was beautiful and made me cry
Appreciated you bro..love and respect from india!
This is beautiful
So inspiring
Amazing project ❤
Tom, you are amazing :')
can't wait to see PGs!
Very inspiring 👏
9:33 This part made me tear up. Most people will never understand the pain we go through as entrepreneurs.
inspiring as hell
This was really good
Great story to hear it in a way it's not been presented. There was a bit missing there pre Monzo at Starling though 😏
great video
One of the problem of Revolut is that they sometimes get your money block and they do not have a real office. That's why I prefer real physical bank at least you have a human in front of you. And that's why those fintech will never totally disrupt the old banking system.
Thats exactly what I'm thinking, This is why I just use them to buy groceries!
What about your time at Starling Bank? Would be interesting to hear what happened and why you left Starling to found Monzo
so inspiring . i got two working mvps but its hard to find co-founders and i was starting to feel down this is all i needed . i think i will be productive today
Yes! It's SO HARD. What are your industries?
@@jonjeskie5234 am working on edutech platform and another is an app that uses youtube , spotify , map and etc to try to connect people with similar interests
If I would build one I would do it in Eastern Europe. You have clear advantages there.
Looooollll... Just missed Starling there 😜
HOW do you do this? How do you magically get people to use your product? How did you have the resources to build such a thing?
All well said... The founder of starling bank mentioned you in her memuir book, Interestingly you did not mention that stint 😮
No personal story. Just realised I had heard your name somewhere else and it must be that book.
This video production feels like a @Bigthink content.
Awsome
Gotta keep the SBF's at bay.
one key takeaway is knowing when to step back.
Wau, nunca oí de monzo ..
Morals of the story - it's alright to ask for help or it's alright to quit sometimes.
I was waiting him to say “either…or break those rules” because no one gets rich by following the rules
So the YC partners are sort of like the Hokages of startups
I have started a fintech company but the tech required is very expensive dont know how to take it forward :(
For some reason, This gives me Netflix documentary vibes instead of YC vibes
We busy with a start up in blockchain South Africa...
Tell me about it. I'm from South America
Is this what crack feels like? More content like this, please!
Think big: start a bank.
Think bigger: start a currency
cool
I’m starting a fintech company in India. And I’m looking for a technical cofounder.
How to excel as life coach and wellness therapyist
Information about Startup services business in Hindi language
❤❤
How can you be processing so many transactions and not be profitable?!?
Who is language
I hope he still owns the company
Why did he always quit when it got hard?
He failed upwards it seems. Got in a lot of key doors by pure luck and coasted off that.
Middle class privilege ... Private school ... Oxford Uni etc.@@lucasdwright
BBC doing that, it’s like free advertising..
There's an Indian or an Indian immigrant in every startup success stories nowadays. Indians are trusted everywhere to be great engineers
OH THIS VID LOOKS LIKE IT'S FROM GARY'S PRODUCTION HOUSE IN HIS HOME STUDIO, OH RIGHT HE'S THE HEAD NOW
when the math doesn't math, my stomach hurts
He says Monzo is profitable? It’s not though…
even the way he strechted was nerdy
Better then indian farzi fintech startup
😂😂 I'm about to start a fintech startup in india
It's not a joke
@@theframe2483it is
@@theframe2483 bro I have applied for PPI and UPI licence
Are you looking for investors ?
You need fresher backend engineer? 😅
Literally yours thumbnail suck me, it's altogether not a bank but a nbfc non-banking financial company
"Monzo Bank Limited, trading as Monzo, is a British online bank based in London, England."
en.wikipedia.org/wiki/Monzo
100 years. Joke. Less than 9.
True life style 👨🏽💻💫🫵🏼⭐️💯 Great Video
@tom blomefeld awesome
I'm thinking creating a startup here in the Philippines with an idea to revolutionize the public transport. I searched in Google if there is an idea of it already but then found out that there is "moovit" already.😅