Tom Blomfield: How I Created Two Billion-Dollar Fintech Startups

Рет қаралды 162,022

Күн бұрын

There aren’t a ton of people in the world who can say they founded a billion dollar company. There are far fewer that can say they did it twice. YC Group Partner Tom Blomfield is one of them.
Each episode of our series Backstory will introduce you to one of YC’s Group Partners and the path they took to get here. If you aspire to change the world with your startup, Tom's story exemplifies the joys and trials of pursuing these ambitious ideas.
Apply to Y Combinator: yc.link/Backstory-apply
Work at a Startup: yc.link/Backstory-jobs
Chapters (Powered by bit.ly/chapterme-yc) -
00:00 - Intro
02:52 - GoCardless
05:07 - Starting Monzo
08:46 - COVID challenges
10:24 - Stepping away from Monzo
13:10 - Joining Y Combinator
13:54 - Outro
Directors:
Ryan Loughlin
Zach Both
Director of Photography:
Matt Piniol
Editors:
Hoku Uchiyama
Zach Both
Ryan Loughlin
Additional footage provided @jakewrightnet

Пікірлер: 136

@chapterme 4 ай бұрын

Chapters (Powered by ChapterMe) - 00:00 - Intro: Tom Blomfield Backstory 01:35 - Growing up fascinated with computers 02:12 - Career path: Corporate lawyer 02:33 - Starting an online student marketplace while at Oxford 02:52 - Bill splitting app to GoCardless 04:24 - Leaving Go Cardless, turning Monzo into a global payments powerhouse 06:50 - Monzos ambitious vision and user growth 08:46 - COVID challenges - Funding crisis risking company's survival 10:24 - Stepping away from Monzo 11:59 - Transitioning to angel investing 13:10 - Joining Y Combinator 13:54 - Outro

@KshitijPatil1 3 ай бұрын

Watching a Funded Billionaire Tech Founder be so grounded, human and vulnerable made it all seem a little more achievable. Thank you for doing this Tom. I needed it today. Really look forward to meeting with you in person in the next 10 years!

@WalkerJones 4 ай бұрын

This was amazing. Please do this for all of the YC partners. Tom, you're an inspiration to everyone.

@Regina.Clarke 4 ай бұрын

Fantastic idea!

@alvarojneto 4 ай бұрын

This is the sort of content I have been scraping KZfaq and the web for. Please, please, more of this!

@fiyinfoluwaenis4786 3 ай бұрын

This video was so emotional. I cried at the moment he said Tom said he took a year off just recovering basically. I could relate because I also had a similar situation as the Licensee and organizer of a TEDx event and though the event was a sucess I was really drained from the challenges we encountered along the way and I took almost 2 months recovering from that.

@Cygx 3 ай бұрын

Starting a company takes a significant toll on mental health. The experience Tom describes is the norm not the exception. Don't forget to take care of yourselves my fellow founders!

@RayCh Ай бұрын

It’s terrible and most of the time the only person to go to is yourself. I started Teja.app(Journaling and Mood tracking). Since, I wanted a product for myself.

@iamvasee 19 күн бұрын

Thank you 😢

@MurphyYves 9 күн бұрын

Dang! I literally felt goosebumps just listening to him; the passion in his voice and how connected he still feels to his journey. Tom definitely has a gift for telling stories and connecting with his audience

@zedrake 4 ай бұрын

More of Tom! Love listening to him! Been a Monzo users for 5 years now!

@Hillmanwinning 3 ай бұрын

Tom's a huge inspiration and incredibly humble!

@KageManTV 3 ай бұрын

The editing on this is incredible. Great story too but all those small touches with music and the timing if thebbites and the subtle image changes are amazing.

@benji_fernandes 4 ай бұрын

love this, thanks for the honestly and transparency Tom!

@unknownname2206 3 ай бұрын

Thank you, Tom Blomfield, and Thank you, the video team at Y Combinator.

@amirankurtanidze6966 4 ай бұрын

new video editing style is amazing ❤

@npmau5119 3 ай бұрын

Tom interviewed me for YC when I was 15, gave a lot of great advice. Good on him.

3 ай бұрын

I stumbled to this video and is the best thing I've seen for a while. tks. excellent.

@ODMA2112 3 ай бұрын

That was beautiful. Very inspiring closing.

@FloWoelki 4 ай бұрын

Really awesome short documentary. Loved it!

@silviu.iordache 3 ай бұрын

Very inspiring story Tom, I enjoyed your interview on the DOAC podcast episode as well

@aniekanakpanamasi4635 4 ай бұрын

Wow! This brings me back to life as an aspiring founder. Thanks a lot

@Ash-le4pw 3 ай бұрын

Great to actually hear it from Tom's mouth. Been watching him over years.

@ucheabosi2619 4 ай бұрын

Very nice video, really interesting. Many lessons to learn. Thanks YC and Tom Blomfield, do create more of these please. 👍👍

@DineshKumarRamasamy-dv1st 3 ай бұрын

Thank you for making this video. I could relate so much and I am at a tipping point and Blomfield's words made me tip.

@graduatesai 3 ай бұрын

Great story Tom, thanks for sharing 👏👏👏

@juanjosegouvea 3 ай бұрын

please do this with all YC Partners!! super interesting and motivating

@curiouzzi 3 ай бұрын

What an amazing video! Thank you for inspiration!

@tininottiny8685 2 ай бұрын

I've loved Monzo for years even though I don't have an account. As a founder myself now, I relate very much with what Tom is discussing here. Thanks for this!

@aafrancom 4 ай бұрын

Amazing video. I really liked how Tom showed himself vulnerable as a founder and CEO. It really makes us, entrepreneurs, humans.

@SuperKillaki 4 ай бұрын

Whoever edited this deserves a raise.

@nonefvnfvnjnjnjevjenjvonej3384 4 ай бұрын

they get paid enough

@jyashi1 3 ай бұрын

Was it you? Did you write it because you don't get paid enough?

@suphasitthongniam9082 4 ай бұрын

Thanks for the inspiration! Now, I have immense energy to push forward with my startup.

@jonjeskie5234 4 ай бұрын

What's your industry?

@sputnik8543 4 ай бұрын

Great video- Tom is so eloquent

@kivatinos 4 ай бұрын

👏🏻 amazing video YC!

@nistorsergiu3007 4 ай бұрын

What a legend. Really inspirational!

@xoddopaul 3 ай бұрын

How impressive! Kudos Tom

@slaterwatch 4 ай бұрын

Absolute inspiration, you're living the life I want. We will meet one day.

@massiveknowledge877 Ай бұрын

Appreciated you bro..love and respect from india!

@user-rk3me5st3q 3 ай бұрын

please, more videos like this!!!

@kodykendall 4 ай бұрын

This video was beautiful and made me cry

@akhilmishra2445 4 ай бұрын

YC+ Masterclass. Job well done

@akotochristopher9907 4 ай бұрын

I love the fact that, he learns from his mistakes 🎉🎉🎉🎉

@justinkaunda2964 4 ай бұрын

this is fire! good stuff!

@dbfilmaudioconversions-vid660 3 ай бұрын

Amazing video, Tom is a great CEO.

@jcwriter 4 ай бұрын

So inspiring backstory 🎉 I hope i can make such impact one day

@liammaher3021 4 ай бұрын

A lot of Steve jobs quotes in here!

@TheBlackManMythLegend 4 ай бұрын

yet it works. I think the bottom line is : A LOT OF Effin work mate! to make that work. Monzo Revolut in London especially Revolut the fintech space is known to be a brutal space for work the standard are high and the work is real. I personnaly like it. since at the end it creates happy customers that actually use your product / code.

@priyeshsrivastava8025 3 ай бұрын

Knowing when to step away is the most important takeaway from Tom's experiences.

@sltho 3 ай бұрын

I love the Steve Jobs quote at the end Here I come YC

@cedricyarish7464 3 ай бұрын

Phenomenal story

@smartsoothing776 4 ай бұрын

I bow you man!

@igakenneth6587 Ай бұрын

So inspiring

@hiphopvirgins4552 4 ай бұрын

This is beautiful

@andiiinnn 4 ай бұрын

Tom, you are amazing :')

@javi_park 4 ай бұрын

can't wait to see PGs!

@roudder6606 3 ай бұрын

inspiring as hell

@olliemaitland5957 4 ай бұрын

Great story to hear it in a way it's not been presented. There was a bit missing there pre Monzo at Starling though 😏

@OTT_Kid1112 4 ай бұрын

Amazing project ❤

@justincheung6023 4 ай бұрын

This was really good

@samueloluwatobi7641 4 ай бұрын

Very inspiring 👏

@TheBlackManMythLegend 4 ай бұрын

One of the problem of Revolut is that they sometimes get your money block and they do not have a real office. That's why I prefer real physical bank at least you have a human in front of you. And that's why those fintech will never totally disrupt the old banking system.

@FlutterPythoncombo 3 ай бұрын

Thats exactly what I'm thinking, This is why I just use them to buy groceries!

@AstroRockit 4 ай бұрын

great video

@CH-wn8sq 6 күн бұрын

HOW do you do this? How do you magically get people to use your product? How did you have the resources to build such a thing?

@pempheromkuka7874 4 ай бұрын

so inspiring . i got two working mvps but its hard to find co-founders and i was starting to feel down this is all i needed . i think i will be productive today

@jonjeskie5234 4 ай бұрын

Yes! It's SO HARD. What are your industries?

@pempheromkuka7874 4 ай бұрын

@@jonjeskie5234 am working on edutech platform and another is an app that uses youtube , spotify , map and etc to try to connect people with similar interests

@shawnemployee6906 3 ай бұрын

9:33 This part made me tear up. Most people will never understand the pain we go through as entrepreneurs.

@ndovukubwa 4 ай бұрын

What about your time at Starling Bank? Would be interesting to hear what happened and why you left Starling to found Monzo

@leojohn6702 3 ай бұрын

If I would build one I would do it in Eastern Europe. You have clear advantages there.

@Alban.Bytyqi 3 ай бұрын

All well said... The founder of starling bank mentioned you in her memuir book, Interestingly you did not mention that stint 😮 No personal story. Just realised I had heard your name somewhere else and it must be that book.

@hyanemoussassa1 3 ай бұрын

Looooollll... Just missed Starling there 😜

@pankaj16octdogra 4 ай бұрын

Awsome

@emdadio 3 ай бұрын

Morals of the story - it's alright to ask for help or it's alright to quit sometimes.

@merlepatterson 2 ай бұрын

Gotta keep the SBF's at bay.

@Yotrek 4 ай бұрын

Think big: start a bank. Think bigger: start a currency

@darknessguy4221 4 ай бұрын

This video production feels like a @Bigthink content.

@Hshjshshjsj72727 3 ай бұрын

Wau, nunca oí de monzo ..

@atandadavid5554 4 ай бұрын

one key takeaway is knowing when to step back.

@user-ke1ts9tr5e Ай бұрын

I have started a fintech company but the tech required is very expensive dont know how to take it forward :(

@youssef.elmoumen 4 ай бұрын

I was waiting him to say “either…or break those rules” because no one gets rich by following the rules

@iamvasee 19 күн бұрын

I’m starting a fintech company in India. And I’m looking for a technical cofounder.

@quachhengtony7651 3 ай бұрын

So the YC partners are sort of like the Hokages of startups

@CaliforniaRussianRiverBees 3 ай бұрын

True life style 👨🏽‍💻💫🫵🏼⭐️💯 Great Video

@pragyaMishra1111 3 ай бұрын

How to excel as life coach and wellness therapyist

@mrsebastianhendricks 3 ай бұрын

We busy with a start up in blockchain South Africa...

@lukhanyovictor 3 ай бұрын

Tell me about it. I'm from South America

@aashishpandav5994 4 ай бұрын

Is this what crack feels like? More content like this, please!

@FlutterPythoncombo 3 ай бұрын

For some reason, This gives me Netflix documentary vibes instead of YC vibes

@a0um 3 ай бұрын

How can you be processing so many transactions and not be profitable?!?

@BhushanAggarwal-oo5uc 4 ай бұрын

Information about Startup services business in Hindi language

@BigDataLogin 3 ай бұрын

cool

@Nileshkumar-lf7oc 3 ай бұрын

❤❤

@AlexanderJohnLee 4 ай бұрын

Why did he always quit when it got hard?

@lucasdwright 4 ай бұрын

He failed upwards it seems. Got in a lot of key doors by pure luck and coasted off that.

@m389nkfpe03 4 ай бұрын

Middle class privilege ... Private school ... Oxford Uni etc.@@lucasdwright

@user-ke6bm2kc8g 4 ай бұрын

when the math doesn't math, my stomach hurts

@royerlle 3 ай бұрын

I hope he still owns the company

@nuuun9137 6 күн бұрын

BBC doing that, it’s like free advertising..

@sad_boy_chandan1498 Ай бұрын

Who is language

@kwhandy 4 ай бұрын

OH THIS VID LOOKS LIKE IT'S FROM GARY'S PRODUCTION HOUSE IN HIS HOME STUDIO, OH RIGHT HE'S THE HEAD NOW

@casinarro 3 ай бұрын

There's an Indian or an Indian immigrant in every startup success stories nowadays. Indians are trusted everywhere to be great engineers

@george5464 3 ай бұрын

He says Monzo is profitable? It’s not though…

@pankaj16octdogra 4 ай бұрын

Better then indian farzi fintech startup

@Dimitris144 3 ай бұрын

even the way he strechted was nerdy

@Robi_l 4 ай бұрын

😂😂 I'm about to start a fintech startup in india

@theframe2483 4 ай бұрын

It's not a joke

@itsjustme684 4 ай бұрын

@@theframe2483it is

@Robi_l 4 ай бұрын

@@theframe2483 bro I have applied for PPI and UPI licence

@krisb-travel 4 ай бұрын

Are you looking for investors ?

@phrous 4 ай бұрын

You need fresher backend engineer? 😅

@marketdilemma 3 ай бұрын

Literally yours thumbnail suck me, it's altogether not a bank but a nbfc non-banking financial company

@ycombinator 3 ай бұрын

"Monzo Bank Limited, trading as Monzo, is a British online bank based in London, England." en.wikipedia.org/wiki/Monzo

@JBulsa Ай бұрын

100 years. Joke. Less than 9.

@user-py9rf3kv9z 4 ай бұрын

@tom blomefeld awesome

@kirkjimwoodmanaging1733 3 ай бұрын

I'm thinking creating a startup here in the Philippines with an idea to revolutionize the public transport. I searched in Google if there is an idea of it already but then found out that there is "moovit" already.😅