Yesterday we talked With CEO and Co-founder of Plaid Zach Perrett Following the news that Visa is no longer planning to buy his company for $ 5.3 billion.
The deal was an indication of the growing importance of fintech startups in early 2020. It then failed to shut down, eventually suing the US Department of Justice. A few months later, the acquisition was shelved.
The market sentiment changed since the transaction was announced. As ClearTips reported yesterday, there is a good deal of optimism among investors and others that the plaid will ultimately be worth more than the price at which the Visa deal was valued.
A summary of our conversation with Perrett is as follows, digging out many of the themes we felt in the wake of the plaid being unheard of.
First and Advance: Plaid does not appear to be running in public markets through an empty Czech company or SPAC, a question that many readers asked on Twitter. From our conversations about near-term liquidity through public markets, our impression is that those who are with their hopes are even quicker than a few years ago.
ClearTips asked Perrett how it felt free from its predecessor corporate boss.
He said that there has been a “rollercoaster” over the years, when he said that when he made the choice to sell, the mission made sense at the time, and the delivery approach – Visa wanted to accomplish similar things and make his company. Could provide access to. A wide network of potential customers.