Opinion certainty 4/5 debate potential 2/5

Mid-sized companies have too much internal inertia to buy from early startups

Dimitri Dadiomov · Launching a New Category with Modern Treasury's Dimitri Dadiomov · Dec 12, 2023 · at 10:03

Dimitri Dadiomov is the co-founder and CEO of payment operations platform Modern Treasury. He explains why selling early versions of B2B fintech software to mid-sized companies failed compared to early-stage startups.

0:00 / 0:06exact quote · 6.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Like very quickly we realized these companies would not, they would have too much inertia internally to actually sign up with a small startup.”

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 Dimitri Dadiomov

Insight
Dadiomov: Companies rarely die of competition, they die of suicide
“Very, it's very rare at least that companies die of homicide. They usually die of suicide. Companies usually mess up in some way that is actually just, It's very internal. So when you read a lot of business books, I think people talk about like competition, bu…”
Dimitri Dadiomov Dec 12, 2023 ▶ 32:16 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Insight
Dadiomov: Companies underinvest in payment systems because they aren't core competencies
“And it's one of these things that's really not core competency for most of the companies I was talking to, and so they couldn't justify the right, like, level of investment, and at the same time, it was, like, the same thing that they all needed.”
Dimitri Dadiomov Dec 12, 2023 ▶ 3:43 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Assertion Supported
Dadiomov: Payment operations was not recognized as a software category pre-Modern Treasury
“Payment operations was not, Really a topic that people talked about. Obviously it was present in a lot of places, but nobody thought about that in a, or talked about publicly, at least in in like a software category kind of way.”
Dimitri Dadiomov Dec 12, 2023 ▶ 19:35 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Insight
Modern Treasury builds all features for both API and manual UI
“So one of the design principles that we've had is everything we build is available in both the API and the UI, and you can do things by hand or you can automate them, but there's nothing is going to be a hundred percent automated. The world is going to be like…”
Dimitri Dadiomov Dec 12, 2023 ▶ 22:14 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Assertion Supported
Modern Treasury waited two years before hiring its first salesperson
“We did not have a sales team for a long time. We kind of invested more heavily in marketing upfront and we brought, and we've got a lot of inbound leads coming from content, coming from bank referrals, coming from other activities that we're doing. And so it r…”
Dimitri Dadiomov Dec 12, 2023 ▶ 24:50 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Insight
Dadiomov: Customer feature requests naturally converge into minor product variations
“Like when you get feature requests in the beginning, they seem to be kind of random and they seem to be kind of all over the place. And as you talk to more customers and you do more product discovery, you discover like more and more of the feature requests are…”
Dimitri Dadiomov Dec 12, 2023 ▶ 28:37 Launching a New Category with Modern Treasury's Dimitri Dadiomov
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 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.