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Code Story: Insights from Startup Tech Leaders

S6 E16: Jimmy Jacobson, Stake.rent

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

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

4.6216 Ratings

🗓️ 3 May 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

Jimmy Jacobson grew up in Snoqualmie, about 45 minutes east of Seattle, Washington. He graduated from college in 2020, as the pandemic was breaking - but, directly correlated with the pandemic, he didn't actually get to walk and receive his diploma. His first job out of school was the startup he is building now. Outside of tech, he rides mountain bikes, digging the trails at Tiger Mountain or back home in Snoqualmie. Around Seattle, he likes to hang out at parks and throw the frisbee, or chilling on the beaches with a late night bonfire. Post graduation, the job Jimmy had lined up got cancelled. Last minute, he joined some alumni slack channels and sent a cold message to his now co-founder. He found himself fascinated by the idea of giving cash back to people for paying their rent. This is the creation story of Stake. 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

Click on a timestamp to play from that location

0:00.0

We at stake almost exclusively work with sort of those everyday Americans.

0:07.0

They like make $30,000 to $40,000 a year.

0:10.0

A lot of them, 65% of them in fact have more money in their stake checking account and

0:15.0

they do in any other bank account.

0:17.0

Last week somebody told us that they were saving up for a new smartphone.

0:21.6

You know, we kind of asked people what they're saving for.

0:23.6

So we dropped $300 in his account to help them buy the phone.

0:27.6

You know, he was just like so grateful.

0:29.6

And little moments like that, I guess, where you can see, like,

0:32.6

how much potential we have to make a big positive impact in so many people's lives.

0:41.8

My name is Jimmy Jacobson, and I'm the co-founder and director of engineering at stake.

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.

1:04.0

I'm your host, Noah Laphart.

1:12.6

Today, how Jimmy Jacobson created a way for you as the renter to get paid cash back for paying your rent. All this and more on Coat Story.

1:20.6

Jimmy Jacobson grew up in Snow Kwame, about 45 minutes east of Seattle, Washington.

1:31.4

He graduated from college in 2020 as the pandemic was breaking,

1:33.9

but directly correlated with the pandemic,

1:36.7

he didn't actually get to walk and receive his diploma.

1:38.7

He hopes that he'll get rescheduled soon.

1:42.1

His first job out of school was the startup he's building now.

1:45.0

And outside of tech, he rides mountain bikes,

...

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