Zach Abrams is the co-founder of Bridge, a stablecoin infrastructure startup acquired by Stripe for $1.1B. He discusses Bridge's original product direction prior to pivoting.
“The segment that we originally launched into, which was like buying, buying like NFTs and stuff like that is what we kind of originally were like, you take your bank account, you convert the funds in your bank account and stable coins, you then use a stable coins to buy NFTs, that sort of thing.”
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More from Zach Abrams
Insight
Building outside tech hubs shields early founders from peer status games
“As you're starting a company, especially in the early phases, there is an immense desire to benchmark yourself versus everyone else. And there's always going to be someone who's growing faster. He's in a hotter space. Who's like more popular than you are or wh…”
Zach AbramsJan 13, 2025▶ 51:04He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
Insight
Products sold exclusively to crypto companies are unlikely to succeed
“One of our realizations was that any crypto product that is, like, sold Two crypto companies is unlikely to be successful. That was, like, my biggest takeaway is, like, they definitely have problems, and there are things that you could build to solve problems …”
Zach AbramsJan 13, 2025▶ 10:53He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
Opinion
Circle’s stablecoin APIs were 'really bad' in 2022
“There was like circle at the time kind of had some APIs, but they were really bad. And we realized there was no clean way for a developer Like a strike effectively a strike style API for a developer to come in and take a dollar and convert it into a stable.”
Zach AbramsJan 13, 2025▶ 18:44He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
Insight
Founders building crypto in SF in 2023 were true believers
“If you show me a person who's building something in crypto, living in San Francisco, and was working on it in twenty-twenty-three, I will guarantee you that they are, like, a true believer and probably excellent.”
Zach AbramsJan 13, 2025▶ 24:22He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
AssertionNot checkable as stated
The post-FTX crypto fallout wiped out Bridge’s competitors for a year
“What happened was like over the course of a year, there were like, you know, a whole bunch of failures in the space and their company was impacted by it, indirectly impacted by FTX and so on. And that essentially just, like, nuked the competitive landscape for…”
Zach AbramsJan 13, 2025▶ 20:59He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
AssertionSupported
Bridge launched the exact week SVB collapsed and USDC depegged
“The one thing that was, like, truly existential, Was when SVB went under, and USDC depegged, because, and that was the week that we launched.”
Zach AbramsJan 13, 2025▶ 29:24He sold his startup to Stripe for $1.1B—in just 2.5 years. | Zach Abrams, Co-Founder of Bridge · PMF Show
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