Jimmy Chen, Founder And CEO, Propel Startups For Good podcast

2y ago 35:13

Content provided by Miles Lasater. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Miles Lasater or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Jimmy Chen is the Founder and CEO of Propel, creators of the Providers app, which is used by over 5 million Americans to manage their SNAP benefits and banking. Propel was founded through a fellowship at the Robin Hood Foundation, and has raised over $80m in venture capital funding from investors including the Financial Health Network, Andreessen Horowitz, Kevin Durant, and Serena Williams. In addition to his work at Propel, Jimmy is Vice Chair of Technology at the eGovernment Payments Council, an industry task force around the future of government payments, he was an advisor to President Biden's Tech Transition Committee, and he has testified in front of Congress on the topic of modernizing America's safety net. Prior to Propel, Jimmy led product teams at LinkedIn and Facebook and studied Symbolic Systems at Stanford University.

“Start from a clear consumer pain point, start from talking to people who are navigating those challenges in their day to day lives, gain as much empathy as you can for their experiences.” - Jimmy Chen

Today on Startups for Good we cover:

Market opportunity to serve low income people
Measuring your positive impact
What makes a product respectful
How a feature can evolve into a business
Revenue through advertising
Choosing advertisers that are aligned with company values
Managing fifty different state government regulations
Dealing with competition
Willingness to have frank conversations

Connect with Jimmy on Twitter or find out more from the Propel website

The Paul Graham article that was mentioned

Subscribe, Rate & Share Your Favorite Episodes!

Thanks for tuning into today’s episode of Startups For Good with your host, Miles Lasater. If you enjoyed this episode, please subscribe and leave a rating and review on your favorite podcast listening app.

Don’t forget to visit our website, connect with Miles on Twitter or LinkedIn, and share your favorite episodes across social media. For more information about Purpose Built visit our website.

97 episodes