Nik Storonsky

28 statements across 5 episodes · 10 bullish · 6 bearish · 5 people on the record · first statement Jun 21, 2024 by Val Scholz · said 24 times in 8 episodes since 2024 · across every show →

On the record as a speaker too: Nik Storonsky's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (13), James Gibson (5), Jason Lemkin (4)

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2026 9 mentions in 3 episodes 3 per episode
2025 13 mentions in 4 episodes 3 per episode
2024 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Nik Storonsky, oldest first

Jun 21, 2024
Assertion Not checkable as stated
Revolut demanded 'special forces' level execution at maximum speed
“To put it, as Nick put it, we're like special forces. We go in, we don't fuck up. So it had that mentality that every meeting, every design catch up, every marketing campaign, essentially anything you do is perfectly executed at all times. At the maximum speed…”
Val Scholz Jun 21, 2024 ▶ 52:32 Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
Jul 8, 2024 negative
Disclosure
Grady: Passing on Segment and Revolut Series A rounds were terrible mistakes
“I met both of them at the Series A, and both of them told me the entire story in like five or 10 minutes. And it was super clear. And at the end of the five or 10 minutes, I couldn't think of any questions to ask because they had already answered any question …”
Pat Grady Jul 8, 2024 ▶ 21:49 Pat Grady: Sequoia Partner on Investing Lessons from Doug Leone, Roelof Botha and Alfred Lin | E1174 · 20VC with Harry Stebbings
Dec 2, 2024
Insight
Storonsky: Underperforming new hires rarely improve after their first month
“Well, majority of people are, you see them performing strong or excellent after three, four weeks, right? So they hit the ground running on week three. Majority of them, they actually from week one. So generally, if you see a person is not performing for one, …”
Nik Storonsky Dec 2, 2024 ▶ 2:44 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Insight
Storonsky: Founders should speak to regulators directly, not delegate to bankers
“What I really found is, is actually very bad advice, right, because whenever you speak with regulators yourself, whenever you explain exactly in plain English what we do, how we do it, because you build it yourself, or I build it myself, right, I can explain i…”
Nik Storonsky Dec 2, 2024 ▶ 11:36 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 bullish
Prediction Open · timeframe Dec 2027
Storonsky targets growing Revolut to 30-40 million daily active users
“And then hopefully to have I would say, 30 to forty million delective people. So now we're here, we're around ten million delective people.”
Nik Storonsky Dec 2, 2024 ▶ 26:24 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 negative
Opinion
Storonsky: Hiring management consultants proves your internal employees are incompetent
“Because if you look at all these management consultants, they come to you with a nice presentation explaining how to get things done. A reality here is when you start hiring management consultants to help you run the company, that means your employees are not …”
Nik Storonsky Dec 2, 2024 ▶ 4:15 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Disclosure
Revolut advertises on airport jet bridges despite unmeasurable ROI
“For example, recently we started buying AirPods jet bridges and I personally believe IR on it is amazing but, you know, we clearly cannot measure it”
Nik Storonsky Dec 2, 2024 ▶ 8:50 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024
Assertion Not checkable as stated
Storonsky: Quantum Light's investment model relies on 25 core statistical signals
“We tested probably like, 300 plus features, right? Then we selected now, like, best 25, which statistically give you a signal, right, whether to invest in a company or not.”
Nik Storonsky Dec 2, 2024 ▶ 35:23 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 neutral
Assertion Not checkable as stated
Storonsky manages more than 40 direct reports at Revolut
“So I've got 40 plus reports.”
Nik Storonsky Dec 2, 2024 ▶ 1:46 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Insight
Storonsky: Crypto's real utility lies in stablecoins competing with SWIFT
“Some use cases are definitely valid. For example, stable coins or enabling instant money transfers through stable coins. Competing with SWIFT on corresponding banking system. Yeah, it's actually very valuable.”
Nik Storonsky Dec 2, 2024 ▶ 13:04 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 negative
Disclosure
Storonsky: Revolut paid $2M for 55 executive hires and fired 50
“I think I hired like, you know, 55 through executive recruiters, paid like, you know, two million in fees. I ended up, you know, firing 49 or 50 of that, so it's such a waste of money.”
Nik Storonsky Dec 2, 2024 ▶ 5:13 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 bullish
Prediction Open · timeframe Dec 2029
Storonsky: Revolut is ready to build a private bank for wealthy clients
“I think it was too early. Now we have a lot of customers, and then a lot of customers actually have a lot of balances with us. Some of them have, you know, millions on our accounts. So I think it's time to build the product making for people with a lot of liqu…”
Nik Storonsky Dec 2, 2024 ▶ 25:11 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 negative
Disclosure
Storonsky: 99% of a CEO's job is solving unpleasant problems
“99% of time is, is, is a lot of pain, right? Because reality, what happens is, even if you have organization then all the unpleasant problems that no one else solves, and it goes into me, and I ended up doing all this, you know, shitty jobs, right? Solving pro…”
Nik Storonsky Dec 2, 2024 ▶ 40:41 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024
Disclosure
Storonsky says his main motivation for running Revolut is avoiding boredom
“Well, I asked it actually myself many, many times, and I have two answers, right, because A like what else to do, and B, I just need to do something, right, otherwise it's very boring.”
Nik Storonsky Dec 2, 2024 ▶ 44:53 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 neutral
Prediction Open · timeframe Dec 2029
Storonsky: Global banking market will consolidate into a few tech-driven players
“Yeah, I think with time, in five years time, you, you'll see much less number of banks, and there are few global players.”
Nik Storonsky Dec 2, 2024 ▶ 28:22 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Insight
Storonsky: Top university STEM degrees correlate positively with startup success
“Statistics clearly show that top universities STEM degree, have a much more positive correlation with the success of the company. And obviously it's not for, like, any other professional there, but particularly for startups, I mean, it is important.”
Nik Storonsky Dec 2, 2024 ▶ 37:04 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Insight
Storonsky: An imbalanced, hyper-focused life is necessary to achieve your goals
“Majority of people believe that our balanced life allows you to be happy and achieve your goals. I think in the reality, a disbalanced life allows you definitely to achieve your goals, so more kind of imbalanced you are, more focused on your goals, sacrificing…”
Nik Storonsky Dec 2, 2024 ▶ 39:54 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024
Insight
Storonsky: Founders have zero skill assessing candidates in unfamiliar domains
“Because reality, if you never kind of, you know, worked with the designers, You have zero skills to hire designers. You never worked in the reg affairs or government affairs. You have zero skills to assess who is good, who is not. So in order to first learn th…”
Nik Storonsky Dec 2, 2024 ▶ 6:42 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024
Insight
Storonsky defines top talent as 'self-guided missiles' who hit goals independently
“Another way I define people who are excellent, strong, average, or below average is pretty simple. So, They should be like a self-guided missile, right? So excellent people, they select the goal themselves, when they press the button, then they reach the goal …”
Nik Storonsky Dec 2, 2024 ▶ 1:57 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
Opinion
Storonsky: Bootstrapped, cash-generating businesses are in some ways better than Revolut
“So I've got a couple of friends who build very large businesses, and some of them, they never used VCs and they just print cash those businesses. So I think, you know, in some ways they are much better compared to me.”
Nik Storonsky Dec 2, 2024 ▶ 42:25 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 positive
What-if
Storonsky would start Revolut in the US if starting over today
“US, most likely, yeah.”
Nik Storonsky Dec 2, 2024 ▶ 43:29 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 negative
Insight
Storonsky: Hiring experienced professional managers to scale is a dead end
“Well, I never believed it, but I was forced to believe that, you know, in order to scale the company to hire experienced professional managers, that's a dead end.”
Nik Storonsky Dec 2, 2024 ▶ 5:02 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024 negative
Insight
Storonsky: Founder age 25 to 35 is the sweet spot for success
“If you look at statistics, so 20 to 25 is actually quite negative. Like, too early is a negative then 25 to 30 is, is okay. 30 to 35 is the best age. After 35, I mean, there is a clear negative correlation with the success. So sweet spot is 25 to 35 for founde…”
Nik Storonsky Dec 2, 2024 ▶ 36:27 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Dec 2, 2024
Insight
Storonsky: Secure a banking license before acquiring customers when building a bank
“Oh, what I really learned is it's so whenever you want to build a bank, you'd rather get a banking license before you have customers. So that's kind of, you know, key lesson, because as soon as you have many customers, millions of customers, tens of millions o…”
Nik Storonsky Dec 2, 2024 ▶ 9:30 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Aug 11, 2025 bullish
Assertion Not checkable as stated
Mignot: Nik Storonsky targeted building a company larger than JPMorgan Chase
“Like, you know, eventually he thinks, he's convinced there is, there will be one global money app, and that he can be that one global money app that could be better, you know, bigger than, you know, when we first met, he wanted to be bigger than JP Morgan.”
Martin Mignot Aug 11, 2025 ▶ 1:03:54 Index Ventures Partner, Martin Mignot: Figma, Scale, Wiz: Inside Index’s Decacorn Factory · 20VC with Harry Stebbings
Sep 26, 2025
Assertion Not checkable as stated
Gibson: Revolut founders Nik Storonsky and Vlad Yatsenko join weekly business-wide reviews
“And then once we're really confident in them, they get bubbled up to, we do a overall business one once a week, which is, this is the final output. This is going to be built. And that's the one then that Nick or Vlad occasionally join, and they'll then have th…”
James Gibson Sep 26, 2025 ▶ 23:25 20Product: Revolut Business $1BN Revenue: Five of the Biggest Product Lessons | How Revolut Structures Product and Design Teams | How Revolut Experiments and Invests in New Product Bets | How Revolut Ships Product So Fast with James Gibson
Sep 26, 2025 neutral
Insight
Storonsky: Products should not fund downstream features until onboarding is optimized
“Until we've got a really good funnel that is obviously meets all the requirements that we have to meet, there's no point spending money on everything that comes after it. You need to have that top of funnel. You're just leaving money on the table.”
James Gibson Sep 26, 2025 ▶ 46:02 20Product: Revolut Business $1BN Revenue: Five of the Biggest Product Lessons | How Revolut Structures Product and Design Teams | How Revolut Experiments and Invests in New Product Bets | How Revolut Ships Product So Fast with James Gibson
Sep 26, 2025
Disclosure
Storonsky demands Revolut maintain its eight-year growth rate despite scale
“Nick has set for me and for us to continue the level of growth that we've had over the last eight years I've been there. We're trying to continue to grow at the same rate despite being at a much larger scale and with all the complexities that comes with that.”
James Gibson Sep 26, 2025 ▶ 19:19 20Product: Revolut Business $1BN Revenue: Five of the Biggest Product Lessons | How Revolut Structures Product and Design Teams | How Revolut Experiments and Invests in New Product Bets | How Revolut Ships Product So Fast with James Gibson
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