S10 Bonus: Matt Pierce, Immediate (Replay)

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 31 December 2024

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Pierce has been a tech guy for his entire 17 year career. Coming out of grad school, he started out in healthcare tech for a decade or so. Eventually, he started down the path of being an entrepreneur. He is married with 3 daughters - 2 in third grade and one that is a 2 year old. He mentioned the entrepreneurial dilemma of picking 3 of the 5 life choices - family, business, sleep, exercise and friendships - and notes that his three are family, business, and sleep. After spending nights and weekends burning the midnight oil on a healthcare tech solution, Matt sat down with a prospective client and did the best pitch ever. The client's feedback was that it didn't solve her real problem which was turnover, which boiled down to money. After chatting with the client and a mentor, Matt uncovered the best potential solution to financial stress - on demand pay. This is the creation story of Immediate. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	This episode is sponsored by Kinsta. Between juggling client meetings, managing your website and keeping up with everyday task, who has the time to stress out about website security? Well, with Kinsta, the technical stuff is taken care of, so you can focus on what you do best. Kinsta provides managed hosting for WordPress, offering lightning fast load times, top-tier security, and unmatched
0:21.7	human-only customer support. Whether you're a business owner, web developer, or running a digital
0:26.5	agency, Kinsta makes managing your website easy and efficient. Kinsta provides enterprise-grade
0:31.9	security being one of the few hosting providers for WordPress with SOC2 and other certifications,
0:38.7	guaranteeing the highest level of security for your website.
0:40.9	Thanks to their unlimited free expert-led migrations, Kinsta ensures a smooth transition
0:46.0	for you from other hosting providers.
0:48.8	Customers have reported 200% faster load times post-migration to their platform. What I find cool about KINSTA is their
0:56.4	fast and reliable customer service and premium features that are included at no extra cost.
1:02.9	Ready to experience KINSTAS hosting for yourself? Get your first month free when you sign up at
1:08.3	kinsta.com today. That's K-I-i-n-s-ta.com we initially had thought well
1:15.7	if we're going to go do this we'll just charge a small percentage for everything you
1:19.6	plug if you've earned five hundred dollars and you want to pull 200 out then we'll just charge
1:23.7	you 5% right and we'll make 10 bucks that That sounds great. Well, the problem with that is
1:28.3	when you put percentage in there starts to look and feel a little more like a loan. So we ended up
1:33.6	going with a flat rate that is viewed more as a convenience fee. The same way as, you know,
1:39.1	whether you pull out 100 bucks or 200 bucks in an ATM, it's going to be the same ATM fee.
1:45.5	So that regulatory compliance kind of made us re-look at and adjust the way we were structuring things from a business
1:51.8	perspective. My name is Matt Pierce, founder and CEO of the media.
2:07.1	This is Code Story, the podcast bringing you interviews with tech visionaries who share in the critical moments of what it takes to change in industry and build and lead,
2:13.5	a team that has your back.
2:16.3	I'm your host, Noah Labhart, and today helped Matt Pierce created a solution to financial stress
	...

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