Miguel Armaza takes a seat with Eric Dunn, CEO of Quicken, among the biggest individual financing software application business in the United States with over 17 million customers and likewise among the initial fintech brand names, introduced over thirty years back.
In this episode, we go over:
- Eric’s profession and why he chose to sign up with Intuit in 1986 as staff member #4!
- Ending up being a financier and his reflections from a couple of years he invested in Equity capital and how it made him a much better operator
- Quicken’s journey and a few of their difficulties and reflections from over 35 years
- Idea procedure behind Intuit’s choice to spin off Quicken
- His management method and structures Eric utilizes to make tactical business choices
- Analysis of a fast-growing fintech area
- And a lot more!
Eric has actually functioned as the CEO of Quicken Inc given that 2016. He has actually become part of the Quicken organization given that its early days — he signed up with Intuit, Quicken’s previous owner, as staff member #4 in 1986, when Quicken was the only Intuit software. Throughout his twenty years at Intuit Eric functioned as the CFO through the 1993 IPO and merger with ChipSoft (TurboTax); while he was CFO, he was likewise a software application designer who dealt with practically all of the early variations of Quicken; he was the very first VP/general supervisor of the Quicken organization; he was Intuit’s very first CTO; and after that led Intuit’s payments organization throughout an extra trip of task at Intuit in 2010–2015. Eric retired from Intuit in 2000 to pursue a 2nd profession in innovation investing, initially as an angel financier and after that as a General Partner at Cardinal Equity Capital. Eric has actually served on the boards of directors of lots of business and companies, consisting of 6 public business.
Eric is wed and has 2 kids, both just recently finished from college and used. In his downtime, Eric plays tennis and squash and is a piano trainee. He is likewise a helicopter pilot and flies a Robinson R66.
Quicken is the #1 individual financing software application in the United States. For over thirty years, consumers have actually depended on Quicken to handle all their financial resources, so they can lead healthy monetary lives. In 2016, Quicken, previously part of Intuit, ended up being an independent business. Its desktop and cloud item suite consists of a household of items that deal with various monetary requirements and gadget choices — Quicken Beginner Edition, Quicken Deluxe, Quicken Premier, and Quicken House & Service, all of which can sync with Quicken’s site and mobile apps — in addition to Simplifi for mobile and web. Simplifi, called the “finest budgeting app” by The New York City Times’ Wirecutter, is developed to assist a brand-new generation of mobile-first consumers quickly remain on top of their financial resources. Over 17 million individuals have actually utilized a Quicken item to handle their financial resources. Discover more at www.quicken.com.
Complete interview → Spotify | Soundcloud | Apple
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Miguel Armaza is Co-Host of the Wharton Fintech Podcast and Co-Founder of Gilgamesh Ventures, a seed-stage mutual fund concentrated on fintech in the Americas.
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