S6 Bonus: Reed McGinley-Stempel, Stytch

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

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

5.0 • 217 Ratings

🗓️ 19 January 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reed McGinley-Stempel grew up in Las Vegas, but went to school on the East Coast. Frankly, he didn't know what he wanted to do and "stumbled" into management consulting. When I dug into how someone stumbles into this profession, he mentioned that early on he got some sage advice from his older brother about not rushing to law school because... being a lawyer isn't that fun. So, he followed some friends to Bain & Company. The more projects he was involved in, the more he got interested in technology. Candidly, one of his motivations for going in tech was the fact that his was moving out to San Francisco to support his wife through law school at Stanford. He considered continuing to do consulting with Bain, but decided tech was the best route and eventually, joined Plaid. Outside of his professional career, he is into the outdoors, loving hiking and taking his very active dog outside. He mentions that living in San Francisco makes the outdoors super accessible. Reed and his Co-founder both came from Plaid, and worked on the adaptive authentication team. There, they explored how to secure bank authentication to maintain security, but also do it in such a way that reduced friction and created an amazing experience. They found that the biggest problem to be solved was the combination of security issues with passwords, and the low conversion rate of sign up / sign in forms requiring passwords. They wanted to fix this. This is the creation story of Stytch. Our Sponsors: * Check out Cash App and use my code CASHAPP10 for a great deal: https://click.cash.app/ui6m/mt82fpxl #CashAppPod. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions at https://cash.app/legal/us/en-us/card-agreement. Cash App Green, overdraft coverage, borrow, cash back offers and promotions provided by Cash App, a Block, Inc. brand. Visit http://cash.app/legal/podcast for full disclosures. * Check out Plaud AI and use my code CODESTORY for a great deal: https://plaud.ai Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	We've gotten in some instances in the past where it's just clear as your customers grow,
0:06.4	as your product surface area grows, you're not scaling the team as quickly as you'd like to.
0:11.8	We've tried to be a lot more thoughtful with how we make sure that we don't get into instances
0:18.4	where the need for resources lags where we are in the recruiting pipeline.
0:24.4	And it's kind of a thing I need to consistently remind myself of, which is, you know,
0:30.5	source for this role tonight, even though you're not going to feel the pain of not having them
0:34.4	for another six or eight weeks.
0:41.9	I'm Reed McGinley-Steeple. I'm the co-founder and CEO at Stitch.
0:59.2	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.
1:01.1	A team that has your back.
1:04.1	I'm your host, Noah Laphardt.
1:12.7	And today how Reid McGinley-Stepple built the out-of-the-box solution to enable user authentication without the dev hassle.
1:16.0	All this and more on Code Story.
1:26.7	Reed McGinley Stimple grew up in Las Vegas but went to school on the East Coast.
1:31.5	Frankly, he didn't know what he wanted to do and stumbled, quote unquote, into management consulting.
1:32.6	When I dug into how someone stumbles into this profession, he mentioned that early on he got
1:36.6	some sage advice from his older brother about not rushing to law school because being a lawyer
1:41.7	isn't that fun.
1:42.8	So he followed some friends to Bain and
1:44.5	company. The more projects he was involved in, the more he got interested in technology.
1:49.6	Candidly, one of his motivations for going into tech was the fact that he was moving to San
1:54.0	Francisco to support his wife through law school at Stanford. He considered continuing to do
	...

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