Aaron Patzer

Last updated
Aaron Patzer
Aaron Patzer in 2006.jpg
Aaron Patzer in 2006
Born (1980-11-20) November 20, 1980 (age 42) [1] [2] [3]
Madison, Wisconsin, United States, North America
EducationMSEE from Princeton University; BS in Computer Science, Computer Engineering, and Electrical Engineering from Duke University [4]
Organization(s)Vital Software, Inc.
Auckland, New Zealand, Oceania
Known forFounder of Mint.com

Aaron Patzer (born November 20, 1980) is an Internet entrepreneur and the founder of Mint.com, a financial management tool which was acquired by Intuit and had over 10 million users as of mid-2012. [5]

Contents

Biography

Born in Madison, Wisconsin, Patzer graduated from Central High School in Evansville, Indiana. He completed his undergraduate studies in 2002 with a BSEE from Duke University. In 2004, he completed an MSEE from Princeton University. [6]

Patzer began his career in the Internet boom years of 1998–2000, working for Getawebsite.com and Miadora.com (an online jewelry store).[ citation needed ]

Mint.com

After a number of engineering positions and Internet startups, Patzer founded Mint.com in March 2006. [4] According to Patzer, the inspiration for Mint.com came to him in late 2005 after being frustrated with how difficult it was to use the Intuit Quicken product. [7] [8]

Patzer developed the full alpha version of Mint.com (in Java J2EE and MySQL) in 2006 before he met Josh Kopelman (founder of half.com) and Rob Hayes at a STIRR dinner in the fall of 2006. [9] The meeting led to funding, and Patzer launched Mint.com at the TechCrunch40 conference a year later, in September 2007, winning the $50K first prize. [10]

In September 2008, Patzer was listed in Inc. magazine's Top 30 Under 30. [11]

On September 14, 2009, Intuit announced that it would buy Mint.com for US$170M. [12] Patzer was criticized for selling the company for too little. [13] At the time of the announced sale, Mint.com had an estimated 1.5 million users. [14] Patzer joined Intuit as VP Product Innovation, and he is also working on a new personal transportation system. [15]

Post-Mint

In 2011, TechCrunch reported that Patzer's next project would be called "Swift" and was exploring the "feasibility of building a personal maglev vehicle transit system." [15] According to Patzer, he was splitting his time between the new venture and his position at Intuit. He left Intuit in December 2012 in order to be able to focus on his new ventures. [16]

Patzer founded Leonardo Software Inc. in September 2013. [17]

Fountain.com

In 2013, Patzer launched Fountain.com along with Jean Sini, CTO. The main benefit to using Fountain is that you can connect with any expert, on mostly any topic, for free from your smartphone. [18] Fountain.com was sold to Porch.com in October 2015. Patzer stepped down as CEO and did not join Porch. Instead, he relocated overseas for personal reasons. Sini became the leader of Porch's San Francisco office. [19]

Vital Software

In 2017, Patzer relocated to Auckland, New Zealand, to start Vital Software Ltd. [20] Vital is said to "bring that consumer-focused mindset to emergency rooms and hospitals to help them organize patient flow." [21]

Related Research Articles

<span class="mw-page-title-main">Intuit</span> American financial software company

Intuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, personal finance app Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.

Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden. It is headquartered at 140 New Montgomery in San Francisco.

Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, and H.I.G. sold Quicken to Aquiline Capital Partners in 2021.

<span class="mw-page-title-main">Salesforce</span> American software company

Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.

<span class="mw-page-title-main">TechCrunch</span> American technology news website

TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare.

<span class="mw-page-title-main">Yodlee</span> American personal finance software company

Yodlee is an American software company that develops an account aggregation service that allows users to see their credit card, bank, investment, email, travel reward accounts, etc. on one screen. Money by Envestnet Yodlee, a web application that helps consumers with their finances online, provides services such as bill payment, expense tracking, and investment management. Yodlee's Privacy Policy FAQ references Yodlee as a licensee of the TRUSTe Privacy Program. Part of Yodlee's business model consists of selling its customers' financial transaction data to investors.

Mint, also known as Intuit Mint and formerly known as Mint.com, is a personal financial management website and mobile app for the US and Canada produced by Intuit, Inc..

<span class="mw-page-title-main">Box (company)</span> Cloud content management program

Box, Inc. is a public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds, before going public in 2015. Its software allows users to store and manage files in an online folder system accessible from any device. Users can then comment on the files, share them, apply workflows, and implement security and governance policies.

Credit Karma is an American multinational personal finance company founded in 2007, which has been a brand of Intuit since December 2020. It is best known as a free credit and financial management platform, but its features also include monitoring of unclaimed property databases and a tool to identify and dispute credit report errors. The company operates in the United States, Canada and the United Kingdom.

DAG Ventures is an American venture capital firm based in Palo Alto, California. DAG Ventures works with startups in providing early stage and growth stage funding. Since its founding in 2004, by Tom Goodrich and John Cadeddu, the firm has backed nearly 180 ventures, including Ambarella Inc., Armo Biosciences, Eventbrite, Fireeye, Glassdoor, Grubhub, Nextdoor, Wealthfront, Wix.com, Yelp, and Zettle.

<span class="mw-page-title-main">Stripe, Inc.</span> Irish-American payment technology company

Stripe, Inc. is an Irish-American financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.

Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park.

Personal financial management (PFM) refers to software that helps users manage their money. PFM often lets users categorize transactions and add accounts from multiple institutions into a single view. PFM also typically includes data visualizations such as spending trends, budgets and net worth.

<span class="mw-page-title-main">Andrew Paradise</span> American entrepreneur

Andrew Paradise is an American entrepreneur and the CEO and founder of Skillz, an eSports company that enables tournaments in mobile games.

Porch is a website that connects homeowners with local home improvement contractors. The site features advice articles, cost guides and online booking for over 160 common home improvement, maintenance, and repair projects.

Runa Capital is an international venture capital firm headquartered in Luxembourg that invests in deep tech, cloud business software, fintech, edutech and digital health startups in early stages. From 2010 through 2022 Runa Capital raised 3 funds and invested in over 100 companies in more than 14 countries of Europe and North America, including Nginx, MariaDB, Zopa, Brainly, drchrono, Smava, and Mambu.

<span class="mw-page-title-main">Webflow</span> American software company

Webflow, Inc. is an American company, based in San Francisco, that provides software as a service for website building and hosting. Their online visual editor platform allows users to design, build, and launch websites. According to W3Techs, Webflow is used by 0.6% of the top 10 million websites.

<span class="mw-page-title-main">Aaron Skonnard</span> American businessperson

Aaron Skonnard is an American businessman and the co-founder and CEO of Pluralsight. Skonnard founded the company in 2004 with Keith Brown, Fritz Onion, and Bill Williams, to provide online video training courses for software developers, IT administrators, and creative professionals.

<span class="mw-page-title-main">Freestyle Capital</span> Venture capital firm

Freestyle Capital is an early-stage venture capital firm based in San Francisco, California. General Partners Dave Samuel and Jenny Lefcourt are both entrepreneurs who entered venture capital after founding multiple companies. The firm was founded in 2009 and typically invests in 10-12 companies per year with an average investment between $1.5 million to $3 million. Previous investments include Intercom, Patreon, Narvar, Digit, Betterup, Airtable and Snapdocs.

References

  1. ↑ Langlois, Christophe (November 20, 2009). Happy Birthday to Aaron Patzer, Founder & CEO at Mint.com! Visible Banking, 20 November 2009. Retrieved from http://www.visiblebanking.com/happy-birthday-to-aaron-patzer-founder-ceo-at-mint-com/.
  2. ↑ Shontell, Alyson (September 20, 2011). 10 Founders Under 30 Who Grew Their Startups To $100 Million+ Exits. SFGate, 20 September 2011. "Aaron Patzer was 28 when he sold Mint.com for $170 million ... In September 2009, two years after its launch, Mint was acquired by Intuit for $170 million." Retrieved from https://www.sfgate.com/news/article/10-Founders-Under-30-Who-Grew-Their-Startups-To-2298688.php.
  3. ↑ Lagorio-Chafkin, Christine (November 28, 2010). Aaron Patzer Ditches His Desk. Inc., 28 November 2010. "Aaron Patzer celebrated his 30th birthday this weekend in the British Virgin Islands." Retrieved from https://www.inc.com/articles/2010/11/aaron-patzer-ditches-his-desk-at-intuit.html.
  4. 1 2 "Aaron Patzer: Executive Profile & Biography". Bloomberg Businessweek. Retrieved June 24, 2012. Mr. Aaron Patzer serves as an Advisor of HealthTap, Inc. Mr. Patzer serves as the Vice President and General Manager of Personal Finance group at Intuit. He founded Mint Software, Inc. (Mint.com), in 2006 and served as its Chief Executive Officer. He served as President of Mint Software, Inc.
  5. ↑ "LinkedIn.com - Aaron Patzer". Mint.com. Retrieved July 19, 2012. As of summer 2012, Mint.com had 10m users.
  6. ↑ "Aaron Patzer". First Round Capital. Archived from the original on 2012-06-01. Retrieved 2012-06-24. Aaron holds an MSEE from Princeton University and a BS in computer science, computer engineering, and electrical engineering from Duke University. He has 10 patents filed or pending.
  7. ↑ Patzer, Aaron (March 13, 2007). "The Personal Finance Tool problems began…". MintLife Blog. Intuit, Inc. Retrieved 2012-06-24. Problem was I got busy; I hadn't kept up with Quicken in many, many months. And that meant trouble. Really all I wanted to see was how much I spent on gas and groceries, and maybe learn if I was buying too many DVDs on Amazon. But to figure all of that out, it was going to take a whole Sunday's worth of work.
  8. ↑ Patzer, Aaron (October 12, 2010). "Three Reasons Why I Started Mint.com". The Blog. Huffington Post. Retrieved 2012-06-24.
  9. ↑ blog posting
  10. ↑ TechCrunch.com, "Mint Wins TechCrunch40 Top Company Award; Takes $50,000 Prize" link
  11. ↑ "The Number Cruncher"
  12. ↑ "Intuit to Acquire Mint.com". Intuit, Inc. September 14, 2009. Archived from the original on 2012-02-27. Retrieved 2012-06-24. Intuit Inc. (Nasdaq: INTU) has signed a definitive agreement to purchase Mint.com, a leading provider of online personal finance services in a cash transaction valued at approximately $170 million. Privately held Mint.com, based in Mountain View, Calif., has successfully used its advanced technology to provide consumers with an easy and intelligent way to manage their money. "With this transaction, Intuit will gain another fast-growing consumer brand and a highly successful Software as a Service (SaaS) offering that helps people save and make money," said Brad Smith, Intuit CEO. "This move will enhance Intuit's position as a leading provider of consumer SaaS offerings that connect customers across desktop, online and mobile.
  13. ↑ Paley, Eric; Flaherty, Joseph. "There's no shame in a $100M startup | TechCrunch" . Retrieved 2017-05-25.
  14. ↑ Wortham, Jenna (September 14, 2009). "Intuit Buys Mint, a Web-Based Finance Competitor". The New York Times. Retrieved 2012-06-24. Mint, which unveiled its free online services in September 2007, quickly became popular as more people turned to the Web to create budgets and manage their finances. The company says it has 1.5 million users tracking nearly $50 billion in assets and $200 billion in transactions.
  15. 1 2 Schonfeld, Erick (December 4, 2011). "Mint Founder's New Project, Swift, Studies Personal Maglev Vehicles". TechCrunch. AOL Inc. Retrieved 2012-06-24. Aaron Patzer, the founder of Mint, has a new project that he is spending half his time on (he continues to spend the other half as VP of Product Innovation at Intuit, which acquired Mint two years ago for $170 million). His new project is called Swift, and it is his vehicle (if you will) to explore the feasibility of building a personal maglev vehicle transit system. "The goal is to see if I can develop a new transportation system to displace cars in most urban and suburban settings," he told me recently, "with the goal being 5x the speed, and bringing the cost of maglev from today's costs of $50m / mile down to $4-5m / mile, which would be the same as adding one lane of asphalt/concrete road. Not sure if it will pan out, as I'm deep in the science and simulation phase."
  16. ↑ "LinkedIn.com - Aaron Patzer". Mint.com. Retrieved 2014-05-20.
  17. ↑ "LinkedIn.com - Aaron Patzer". Mint.com. Retrieved 2014-05-19.
  18. ↑ "Startup Spotlight: Fountain - Instant Answers by Mint's Aaron Patzer - Zanthro" . Retrieved 2015-09-28.
  19. ↑ Lardinois, Frederic. "Porch Acquires Mobile Advice Marketplace Fountain". techcrunch.com. TechCrunch. Retrieved 25 February 2017.
  20. ↑ "New Zealand Business Listing". NZL Business.
  21. ↑ Schieber, Jonathan. "Mint founder Aaron Patzer launches Vital, an ER management tool that integrates with electronic health records". TechCrunch.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.