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I am HR Tech and Fintech an entrepreneur and in 2015 I transformed the way he employed access to their reward. Through my first business enterprise, Da’s Dailypay, I invented and introduced access to wage (EWA) to help millions of hourly workers access their reward if necessary for an emergency or pay an account in time.
Today there are HUDREDS OF EWA Providers around the world and the EWA market is planned to grow from 30.83 B in 2025 to 242.46 B by 2034. I led Daypay as Festimman and CEO until 2022, when the company was awarded $ 2.
In 2022, I founded my second Salt Labs from Hluboká desire to continue to help workers in the first line to make financial progress. Salt, the first company for employee loyalty and employee remuneration, received $ 18 million in the seed financing and in July 2024 I sold the company Chime Financial.
After Chime acquired Salt Labs in 2024, I was appointed chief of Chime Enterprise, a company dedicated to an innovative, employed black wellness solution. My mission to seize the financial progress of employees continues to transform the financial environment in the workplace.
Here are some valuable knowledge about the establishment, scaling and demanding in society (well, in fact two companies!) I learned along the way.
Related: 7 ways to expand startup to billions of dollars
We produce
Do one thing really well. If you do one thing really well, you will have the opportunity to land and expand. Startups often die of digestion, not starvation. They do too many things that aren’t good enough, unlike doing one thing very well.
Always place your company on another growth internship, whether it is a capital action, acquisition or something else. In Salt Labs, I have never looked to be obtained when we were, but it is difficult to say no ability to offer our customers more great products from combined entities while providing revenues to our investors and employers.
Aboard
Traditional wisdom again says that it maintains small advice and gives its investors only a place. You want to add independent persons to the Board of Directors as quickly as possible and choose your own independent persons to outweigh any investor agreement. The important thing is that you do not want to be independent nominated by members of the Board of Board, which produces a mechanism of control of quasi -reference. This is difficult, because when you are busy building a company and deal with all that comes with it, you do not have to have the ability to think about finding a large independent member of the Board of Directors. But you should.
Related: Finding the right members of the Board of Directors for your company is essential for success. Here’s how to do it.
We are investing
If you are not lucky (unfortunate?) Enough to come from family money, investors are the life of your society, so it is necessary to choose the right ones.
While traditional wisdom is testing us “less is more”, I disagree in the surrounding. I think more is more. You may not believe that tuking a check of $ 500,000 from a small investor loves a lot, but you have no idea. When you start, you have no idea where your help will come from and who is associated with whom. Investors in the startup are like your weapons. They give you a reach into the outside world and as a founder in an early stage you always want to achieve more.
Some of my most important leaders and financial partners in the field of business come from my smallest investors. So, having a wide variety is better because you never know where your help comes from.
We will select a powerful team
The timing around the selection of the powerful team depends on how quickly you change. If you are expanding at a slight pace, take the time to recruit someone who can move you to the next level. It’s all timing. If you take a long time to recruit the right person, you may be at the next level where this person is not the right fit. Sometimes you just have to engage a hole rather than build a new ship.
If you have to get someone on the seat, hire someone to fill the position is fine if you plan to convert them when the time is the right time.
To the Grump staff
When hiring at different stages of cultivation of society, I get a specific hierarchy of skills assessment.
In the initial phase it is:
- Commitment
- Intellect
- Experience
In the middle phase it is:
- Intellect
- Commitment
- Experience
And in the third internship it is:
- Experience
- Commitment
- Intellect
While all three of them are very important, if I had to include them in various company workshops, I do it.
Related: Since your company is changing, there are 8 keys to hire the right team members
We will end the timing
It was not from the interest environment, I always believe that “cash is a king”. It is difficult to leave a private company for cash, but if you have this opportunity, you will never regret sales. This app on your own private stock and company and I did both.
On top of each other
You should only do a thing you can do. As a founder, there are things that you can do so only, so do them and let others do what they can do only.
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