Perret: Plaid fought a patent lawsuit for 2.5 years as an eight-person startup
Zach Perret · Metacorn: How to Build a Platform that Fuels an Ecosystem with Plaid Co-Founder/CEO Zach Perret · Dec 16, 2019 · at 8:15
Zach Perret, co-founder and CEO of Plaid, recounts early existential headwinds Plaid faced while raising its Series A and Series B financing rounds.
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“When we were an eight person company, we actually got sued for patent infringement on a handful of patents that under today's patent standards are not patents. So for example, passing financial data via an API. In that case all of Silicon Valley infringes on, on that patent. So when we were eight people, we fought a patent lawsuit for about two and a half years. Raised a series A and a series B into the patent lawsuit.”
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