2 ms·

I'm not quite sure I buy this founders' "myth" of experiencing a transformational mistake - why can't we just be satisfied with them looking for an opportunity

• radmuzom 8y ago
  Having worked in multiple startups as a very early employee, I have seen the story evolve and change over the years as the startup becomes successful. So I agree with you that this story is probably exaggerated, if not outright false.
  • itronitron 8y ago
    The origin story is great because it is relatable and communicates the benefit to customers of using the service. I doubt that the story is false, if anything it has probably been simplified.
• eigenvector 8y ago
  The founding story does sound a little bit concocted but the reason I submitted this was some of the other details - two founders outside the US, bootstrapping and struggling to get funded in their early days. Yet the product itself is great and has been immensely successful. It highlights to me the shortcomings of our existing funding model for startups. What if TransferWise had died for lack of funding? It's an immensely useful product that saves consumers millions in bank fees on a daily basis. It would be a real shame.
• scoot 8y ago
  They haven't changed their story since the outset. In this case it isn't a founder myth, or if it is, it's was a well constructed one from the start. (I signed up early on - I've had a support rep confused by the lack of digits in my customer number. I'm also a big fan of Revolut, and use the two services in combination to eliminate costly international transfer fees.)