S6 E14: Joe Pettersson, Banked

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

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

4.6 • 216 Ratings

🗓️ 19 April 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Pettersson is quite the renaissance man, with many interests and ventures he is a part of. He's also had an interesting path to tech. He was originally a lawyer many years go... funny enough, because he thought that after the dot com bubble burst, he didn't think people were going to make money writing software again. He hated it though, and left the legal profession as soon as he could. He is a collector by nature, with over 100 pairs of sneakers (most of which are Jordans), and several mechanical keyboards. Along side these hobbies, he has started a few non profit organizations - one around equipping young men, and another around educating people in the digital world. Finally, he is writing a book, around scaling engineering teams, which is actually going to be given away free. It should be published in June or July of this year, 2022. In January 2020, Joe joined his current venture prior to raising a seed round. Having gotten regulated in the UK, they were ready to deploy the first product and find their market fit. And in doing so, he went about optimizing team, process, and built a platform strategically ready for change - in the payment space. This is the creation story of Banked. 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	Our goal has always been just in time optimization, to use a compiler term. What we didn't want to do is because we're a payment network, right? Like, our customers have a very low tolerance for resiliency and reliability issues. One of the most amazing things that people like Visa and MasterCard have done over their
0:21.5	lifetimes is set the bar so high. So as an early stage business, there are requirements on us
0:27.0	that usually aren't on other types of businesses, right? Like if you're a customer of a seed stage
0:31.8	business with 20 employees, oh, if it goes down every now and there, you kind of understanding.
0:36.8	That understanding does not exist in payments.
0:40.0	My name's Joe Peterson.
0:41.2	I'm the CTO at Bank.
0:47.7	This is Code Story, the podcast bringing you interviews with tech visionaries,
0:53.6	who share in the critical moments of what it takes to change in industry and build and lead.
0:59.5	A team that has your back.
1:02.2	I'm your host, Noah Laparte.
1:03.9	And today, how Joe Peterson is creating real-time payment possibilities built on top of modern banking rails.
1:13.6	All this and more. On-Cote story.
1:20.6	Joe Peterson is quite the Renaissance man, with many interest and ventures he's a part of.
1:25.6	He's also had an interesting path to tech.
1:28.4	He was originally a lawyer many years ago.
1:31.3	Funny enough, because he thought that after the dot-com bubble burst,
1:34.4	that people weren't going to make money writing software again.
1:37.8	He hated it, though, and left the legal profession as soon as he could.
1:41.6	He's a collector by nature with over a hundred pairs of sneakers,
1:45.0	most of Richard Jordan's, and several mechanical keyboards. Alongside these hobbies, he has
1:50.2	started a few non-profit organizations, one around equipping young men and another around educating
	...

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