Insight certainty 4/5 debate potential 2/5

Matan Bar: Monthly HR reviews keep scaling startups ahead of org changes

Matan Bar · 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio · Feb 11, 2021 · at 21:26

Matan Bar is the co-founder and CEO of Melio. He shares internal management cadences used to manage rapid team scaling.

0:00 / 0:36exact quote · 36.8s
720p mp4 · rendered on demand · StarZero watermark
“We meet every month. We have an HR review to see, evaluate specific performance topics, and just try to understand whether the structure that we have is the right one for the goals that we're trying to set. And it's not like every month we're changing the structure, but it is a process and a conversation that this cadence allows, and then helps us make decisions in a timely manner to change structures of engineering teams or growth teams to be ahead of the next step and not make the organizational change six months late. This cadence, I think is one best practice that really helped us in doing that.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Matan Bar

Opinion
Matan Bar: Bill.com targets finance pros; Melio targets owner-operators
“As these tools, Bill.com, Avid Exchange, all these wonderful accounts payable automation solutions are mostly built for finance professionals, like an accountant, a bookkeeper, a finance team, and Melio is targeting these owner operators, these small businesse…”
Matan Bar Feb 11, 2021 ▶ 13:13 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Prediction Didn’t hold up
Bar: B2B paper check volume will drop to zero within five years
“The next five years is when the 18 trillion, or whatever number you choose of, some research says, 18 trillion dollars of paper checks They will decrease to zero. There's no doubt about it.”
Matan Bar Feb 11, 2021 ▶ 31:09 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Assertion Partly supported
Bar: Federal Reserve research shows $18T in US B2B payments remain on paper checks
“Hasn't happened yet in terms of how a business pays another business or how B to B payments are being done, and I remember this one number that I shared with Michael that I read the Federal Reserve research that indicated that there are around 18 trillion doll…”
Matan Bar Feb 11, 2021 ▶ 3:55 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Insight
Bar: Ubiquity drives winner-takes-all dynamics in payment networks
“And ubiquity wins. Like Venmo, PayPal, Zelle, Square Cash, all these payment networks, they became ubiquitous around the US, As more and more people started using them, and that's how its winner takes all, or winner takes most, I guess, with these types of pay…”
Matan Bar Feb 11, 2021 ▶ 6:28 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Insight
Bar: B2B payment platforms cannot rely on forced recipient sign-ups
“With B to B payments, and with Melio, it was interesting because we could not force a closed network. So, when a restaurant owner is paying its, I don't know, 15 suppliers, electricity company, the fish supplier, we need to make sure that the restaurant owner …”
Matan Bar Feb 11, 2021 ▶ 10:06 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Opinion
Bar: Setting strict 50-50 gender quotas is wrong approach for diversity
“So we didn't aspire to get to fifty-fifty. I don't think that's the right way to do that.”
Matan Bar Feb 11, 2021 ▶ 26:16 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.