How Venmo Co-Founder Iqram Magdon-Ismail Pays It Forward by Applying Past Wins to New ProjectsSince Venmo took off, Magdon-Ismail has combined his passions with the lessons he learned from the successful payments company.
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On this episode ofHow Success Happens, we chat withIqram Magdon-Ismail, co-founder of mobile payments company Venmo and audio-sharing appEnse, which is in beta.
Magdon-Ismail co-founded Venmo in 2009 with his freshman-year roommate, Andrew Kortina, a few years after they graduated. But first, they dabbled in other ventures, including a real estate startup that brought in just enough revenue to pay for Venmo's first Philadelphia office space.
Not all of the co-founders' early instincts about Venmo proved correct, but many were right on the money. Braintree acquired Venmo in 2012, and PayPal acquired Braintree in 2013.
Related:5 Lessons Venmo's Co-Founder Learned While Building a Twice-Acquired Company
In our chat, Magdon-Ismail shares how the Venmo team initially positioned the app for mass adoption, explains why he believes the adage "success leaves clues" and describes a global opportunity for entrepreneurialproblem-solving.
Check out the full conversation below and find more episodes ofHow Success Happenshere.
