Jack Zhang

28 statements across 1 episodes · 5 bullish · 2 bearish · 1 people on the record · first statement May 26, 2025 by Jack Zhang · said 24 times in 6 episodes since 2025 · across every show →

Mentions by year

brought up most by Harry Stebbings (8), Alex Bouaziz (3), Jason Lemkin (1)

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Everything said about Jack Zhang, oldest first

May 26, 2025
Assertion Not checkable as stated
Jack Zhang accumulated over $10M by age 29 from side hustles
“I probably made like, you know, more than ten million dollars when I was 28, 29, and I had you know, financial security.”
Jack Zhang May 26, 2025 ▶ 13:52 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Insight
B2B import-export requires only matching buyers and suppliers
“It's actually pretty easy. You know, you think about it, right? You literally just find a supplier, find a buyer, and you're not a producer. You're not a, you don't need to do any marketing. It's just B to B, right? You just, all you need to do is finding buye…”
Jack Zhang May 26, 2025 ▶ 13:01 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 negative
Opinion
Jack Zhang dislikes everyday CEO duties but stays to control Airwallex's destiny
“I don't like the everyday of the job of a CEO and I like I able to control the destiny of the company, and I ultimately answer to the outcome of the event, like the outcome of the company, the outcome of the customer the outcome of the employee, right? I wante…”
Jack Zhang May 26, 2025 ▶ 1:25:57 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Jack Zhang ran early Airwallex without a budget or financial discipline
“I don't know what is financial discipline, so I don't have a budget. I'm just, like, higher as fast as possible, just blow it all up.”
Jack Zhang May 26, 2025 ▶ 0:00 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Angel investor wired $1M to Jack Zhang's personal account without paperwork
“Then, like, by Monday, I got a tax message from my bank account from my bank, like, which is CBA. It's like, you got a million US dollar wire to your personal bank account. Like, obviously, I'll give her the bank account, but like, I just didn't expect that sh…”
Jack Zhang May 26, 2025 ▶ 26:32 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Not checkable as stated
Jack Zhang earned $2M-$5M annually from side hustles before founding Airwallex
“And, you know, I'm, you know, make 200,000 a year on my full-time job more or less. And I make, you know, two, three, four, five million dollars a year on the other side hustle as kind of that business is getting more mature.”
Jack Zhang May 26, 2025 ▶ 12:29 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 neutral
Disclosure
Jack Zhang confirms taking secondary liquidity as Airwallex founder
“I took some secondaries, not a massive amount of money, but, ah, I did.”
Jack Zhang May 26, 2025 ▶ 1:24:22 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 bullish
Disclosure
Jack Zhang is taking $70M in personal debt to buy Airwallex secondaries
“I'm actually buying back the Airwaller stock myself, so I actually in the process of taking a debt of seventy million dollars to buy Airwaller secondaries.”
Jack Zhang May 26, 2025 ▶ 1:23:20 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 negative
Insight
Startup burnout complaints show a lack of real hardship perspective
“The people ask, you know you know, I get burnout. I mean, I'm just, you know, working too hard and, you know, blah, blah, blah. I'm like, dude, what are you talking about? You know, do you know what is, you know, tough life looks like, you know, like me in, in…”
Jack Zhang May 26, 2025 ▶ 9:09 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Not checkable as stated
Jack Zhang worked 16-hour daily shifts during college
“I basically work like between four to 1130 and in a bar. And once that's finished, I started working a petrol station from midnight to eight AM. So I literally work 16 hour street. And that's, you know, like, Four or five days a week.”
Jack Zhang May 26, 2025 ▶ 4:20 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Jack Zhang personally sourced Airwallex's first 100 employees on LinkedIn
“I hired the first a hundred people in Airworks by myself on LinkedIn.”
Jack Zhang May 26, 2025 ▶ 1:26:41 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Jack Zhang kept coding job while making 10x salary on side businesses
“I keep my job of writing code. Even I'm making 10 times the money on the site. So I never resigned.”
Jack Zhang May 26, 2025 ▶ 17:41 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Jack Zhang started over 10 side businesses before founding Airwallex
“So I started like probably 10 plus businesses, and what I really concluded is I don't like any of them.”
Jack Zhang May 26, 2025 ▶ 16:31 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Jack Zhang invested over $50M into unproven products post-Stripe offer
“I basically put most of the money out of the hundred million to build this new product and not investing in the existing product. And that kind of is the biggest bet I made.”
Jack Zhang May 26, 2025 ▶ 1:08:36 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 neutral
Insight
Biggest decision errors stem from unaccounted missing knowledge
“Generally people are making decisions based on the knowledge they have, and I think generally that is not the right thing to do because what, the biggest mistake you make is from making a decision based on the knowledge you don't have.”
Jack Zhang May 26, 2025 ▶ 1:33:15 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Insight
Founders should prioritize investor leverage over the highest valuation
“You should always prioritize in what gives you the biggest leverage. The leverage on brand, the leverage on hiring that leveraging on commercial opportunities.”
Jack Zhang May 26, 2025 ▶ 1:29:19 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Not checkable as stated
Jack Zhang worked 100 hours a week for 20 years
“Well, I did a hundred hours a week for about 20 years, dude.”
Jack Zhang May 26, 2025 ▶ 9:47 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Airwallex's first angel offered $2M within one hour of meeting
“I made a pitch. And she's like, how much money are you raising? I'm like, oh, I'm probably going to raise a million US. And she's like, what about if I give you two million? You know, this is a girl that you met for the first time in your life and you only, yo…”
Jack Zhang May 26, 2025 ▶ 24:44 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 positive
Insight
Early hardship and competition build unmatched startup resilience
“I think when you grow up that if you taste, you know, what success looks like early, you know, whether it's spot or any type of mass competition or Olympic competition or any type of competition or any sort of team spots, the tough experience you know, when I …”
Jack Zhang May 26, 2025 ▶ 8:28 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Not checkable as stated
Jack Zhang resigned from his bank job the day $1M wire arrived
“I literally got the money, and I resigned the same day.”
Jack Zhang May 26, 2025 ▶ 28:05 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Supported
Stripe offered nearly $1.2B to acquire Airwallex in 2018
“Essentially it's a complicated deal construct. Essentially it's eight hundred million on the cap table, and three hundred fifty million to me and my co-founders, and I think it's a fifty million dollar I think twenty-five million dollar to the employees, of th…”
Jack Zhang May 26, 2025 ▶ 1:00:51 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Disclosure
Michael Moritz hosted Jack Zhang at home to urge selling Airwallex
“Michael Morris invited me to his home, tried to convince me to sell the company.”
Jack Zhang May 26, 2025 ▶ 1:30:45 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 positive
Opinion
Jack Zhang says only the top five VC firm brands matter
“Only the top five make the difference. So having Sequoia makes a big difference. Huge difference.”
Jack Zhang May 26, 2025 ▶ 1:29:37 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Not publicly verifiable
Jack Zhang scaled his side real estate business to $50M AUD projects
“At that time my real estate business is getting kind of real scale, right? You know, we start building like 40, 50 apartments, you know, 40, fifty million Aussie dollar project.”
Jack Zhang May 26, 2025 ▶ 13:59 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
Assertion Supported
Airwallex originated from cross-border payment issues with co-founder Max Lee
“One of the guys running that for me was my co-founder Max Lee. He's the head of product design. He went become architect and then started the real estate business with me started the coffee shop with me and which, you know, we found the foreign change and inte…”
Jack Zhang May 26, 2025 ▶ 14:18 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 bullish
Prediction Not checkable as stated
Jack Zhang commits to building Airwallex for life
“I don't think I wanna, you know, like, Be doing another startup when I'm a 38. I think I'm gonna give it a shot on this one and put all my life into it.”
Jack Zhang May 26, 2025 ▶ 1:05:29 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025
What-if
Jack Zhang would have made $3B accepting Stripe's acquisition offer
“If I know Stripe gonna get to a hundred billion, I mean, I will probably make, like, at least three billion dollars.”
Jack Zhang May 26, 2025 ▶ 1:02:35 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
May 26, 2025 positive
Opinion
Jack Zhang calls Airwallex CTO Jacob Li a hundred times smarter
“And my CTO Jacob, he's like one year older than me but like a hundred times smarter.”
Jack Zhang May 26, 2025 ▶ 5:31 Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings
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