Dileep Thazhmon
Founder & CEO, Jeeves. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestor@thazhmon ↗LinkedIn ↗tryjeeves.com ↗
Dileep Thazhmon is the founder and CEO of Jeeves, an all-in-one global expense management and business banking platform. Prior to Jeeves, he co-founded the digital messaging and ad platform Jeeng, which he scaled to an exit valued at over $100 million.
1shows
1appearances
23statements
4resolved
3supported
0contradicted
75%fully supported
Everything Dileep Thazhmon said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Thazhmon: Industry outsiders have an advantage building global financial infrastructure
“The fact that you're an outsider is a really good thing because you don't look at it the same way. If I had 25 years of banking experience, I'd just be so coded in a certain way of like, well, this is deep. I can't do anything more. Let's just do one country, …”
Thazhmon: Jeeves operates in 25 countries and seeks full bank charter
“We covered 25. We are filing to become a full bank by next year as well.”
Thazhmon: If you can't pay users to use it, they won't pay
“You should start with, can you give the product for free? You should start with, can I pay you to use the product? If I can't pay you to use the product, there's no scenario that you can charge for the product.”
Thazhmon: Family co-founders bring trust but turn personal life into work
“I think the biggest thing with founders is you need someone you trust. And the thing you have with family, good or bad, is usually that trust. The flip side is a lot of your relationships start skewing into work. Everything becomes like a work component.”
Thazhmon: Jeeves initially validated foreign demand by eating US card FX fees
“We started shipping U.S. Cards, and we just ate the FX. It's not a good business model, but it shows there's demand. And then I'm like, okay, now let's go get licenses.”
Thazhmon: Jeeves investors went pencils down on funding day due to Ukraine war
“I remember our last round, it was supposed to be funded on end of February, 20, 22, which was, by the way, when the Russia-Ukraine, you know, invasion war, etc, started. And that was another whole cycle where You know, people were just like literally the day o…”
Thazhmon: Early-stage founders only need to be 60% good at everything
“I think founders have to be 60% good at everything. And product was a great example. I would be on every single call every day. We had two standups, obviously not good enough to scale it, but good enough to get it off the ground. I did the UX. I did the UI. I …”
Thazhmon: Jeeves gains exponential value with every new country it adds
“The value of Jeeves is better the more countries we cover, because even for that company in Mexico, now we cover Spain, big corridor Spain to Mexico. We cover that. We can give you a card in Spain. Your founder lives in UK. We can give him a card. Like, so it …”
Thazhmon: Include future lead investors in earlier rounds with small checks
“You want to have someone that has potential to lead your next round in the round before, even if it's a small check, because what you want to be able to do is give them Insights into how you're doing before you go to them for the next round.”
Thazhmon: Jeeves needs only local BIN changes to expand into new countries
“What we do at GEOS that's very unique is the first three sit on our own spec using different partners. So when we go from Mexico to Colombia, we only need to change number four, the bin.”
Thazhmon: Unprofitable hockey stick growth does not prove product-market fit
“PMF is, you know, everyone says it's just this like crazy, Growth hockey stick, which is true, but you can get hockey sticks many ways. You can pay for it. You pay four dollars and you show one dollar of growth. It's possible, but then it's not sustainable. It…”
Thazhmon: Jeeves reached 80% gross margins and $3B TPV in 2023
“The reason we're here today and growing and have, you know, 80% gross margins, three billion TPV, et cetera, was because we made that really hard call in 20, 23.”
Thazhmon: Founders must hunt a single metric like monkeys with hammers
“Find one metric that you can breathe, eat, live with, and just like a monkey with a hammer, like just go after that metric. And don't worry about anything else. Don't worry about Whether everything else is upside down, but like just that one metric, if it's ag…”
Thazhmon: PowerInbox raised $18M and exited for $106M
“We raised about eighteen million dollars from a lot of investors, and we exited that for about a 106.”
Thazhmon: Jeeves raised $250M across three rounds in 12 months
“We raised three rounds in 12 months. We raised two hundred fifty million dollars in 12 months, right?”
Thazhmon: Accounts payable volume is 10x larger than card volume
“Cards is a small component, but it's a good wedge to get in. But AP volume is, is 10 times bigger than card.”
Thazhmon: VC pulled $3M at $15M post term sheet during COVID onset
“I was starting this and I had talked to a VC fund and they said, look, we'll give you three million dollars for a fifteen million post. And that's it. We'll take the whole round. Great, like ideas resonating, blah, blah. And then COVID happened, right? And COV…”
Thazhmon: International businesses cannot sustainably rely on US-issued credit cards
“US cards work everywhere. It's just not a long-term, like you can't really run a business using US cards because you'll just get two percent fees on everything you do, right? Like, which is not sustainable for a business, but you can absolutely use the card.”
Thazhmon: Jeeves selects expansion markets using three specific criteria
“We had three rules for countries we wanted to operate in. So one, do they have what we call fintech we want, which is ability to look at bank accounts, open banking. There's some way to reduce the risk so we know what we're looking at... Two is the government …”
Thazhmon: Jeeves Pay generates about 40% of company revenue
“We launched this product called Jeeves Pay. And today that's about 40% of our revenue.”
Thazhmon: Urban Innovation Fund led Jeeves' $4.5M seed with $1M check
“We had one lead urban innovation fund that put in about a million out of that. I think it was 4.5. It was, if I remember correctly, everything else was small checks and you have to do a lot of work to manage it.”
Thazhmon: Jeeves ran airport banner ads in Mexico for five years
“And even today, if you go to the Mexican airport, you'll see our ads when you come in. And we've had that for five years, and it is, well, incredibly cost effective.”
One line per show, most statements first. The link opens Dileep's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 PRODUCT MARKET FITLEDGER | Founder & CEO, Jeeves | 1 | 23 | 75% 3/4 | full record on A Product Market Fit Show → |