Chimney is building an unreleased homeowner equity tool with large banks
Ryan Salerno · Bank Calculator App Hits $400k ARR, Hit $7m Cap · Apr 24, 2022 · at 2:43
Ryan Salerno, co-founder and CTO of Chimney, describes the go-to-market strategy for the company's unreleased homeowner equity tool.
0:00 / 0:22exact quote · 23.0s
720p mp4 · rendered on demand · StarZero watermark
“So this is a new product that is not in market yet. And the idea here is to partner with a big bank that had already had millions of users and they also serve up like helox or other types of loans. And then we'll be the tech in the middle that engages the users and encourages them to open up some of these products through the bank.”
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 Ryan Salerno
Startups with fewer than 10 employees should not hire product managers
“Ultimately decided the small team of like eight or nine people who can't yet have a product manager, like our CEO needs to be the product manager for now.”
Chimney's three co-founders split their equity 40/30/30
“So we're 4030, 30 the CEO, Matt Covey, it was his idea. So he has 40% and then Chase and I reached 30.”
Founders must know how to build their product before outsourcing development
“Like the joke is that you have to be able to build it yourself in order to have an outdoor outsource dev shop. So I'm giving them literally like the database schema and the relationships And the models and like, okay, here's how we should structure this. Here'…”