New York, NY
Joined June 2008
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1/ “What important truth do very few people agree with you on?”
Peter Thiel’s famous question. At Check, our founding answer was that payroll today is fundamentally broken for a huge number of businesses.
Yesterday @mercury announced $1B ARR. Today they are launching payroll, powered by Check.
This one is extra special to me because Check’s first ever bank account was on Mercury way back in 2019.
Back then we hadn’t yet built money movement capabilities, so I would log into Mercury every week and manually move the money around for payroll, based on the amounts our fledging system had calculated.
Video gives me goosebumps. Also: if you’re a soon-to-be founder looking for the right idea you should 100% do this.
$4.1 billion. That's how much payroll Check processed on behalf of our partners in 2024.
For context, that's 3x more than our nearest competitor — Gusto Embedded — has processed in their entire almost four year history.
And we're just getting started.
checkhq.com/2024-year-in-rev…
4/ Our partners are leading that movement, powering payroll for the businesses that keep our world running:
Construction workers, plumbers, electricians, daycares, auto shops, farms, restaurants, healthcare providers, Main Street retailers, and so many more.
5/ Today, we’re excited to unveil a completely reimagined Check, with a new look and a renewed focus on the incredible stories of our 65 platform partners.
Embedded payroll is the future.
checkhq.com/resources/blog/a…
Embedded payroll is the future 🔥
“After decades in the restaurant industry, I've learned how important it is to have access to the right tools. Workstream is the only payroll and HR platform I've seen that's built specifically for hourly workers." - Don Fox, former CEO of Firehouse Subs businesswire.com/news/home/2…
The only two non-AI opportunities Bessemer calls out for vSaaS companies in their State of the Cloud 2024 report released today are:
1. Payments (those guys at Stripe might be onto something)
2. Payroll!🚀🚀🚀
The Tidemark 2024 Vertical & SMB SaaS benchmarking report is required reading for founders building in this space. Here are my top 3 takeaways 🧵
3. Everyone knows fintech is big, but people are sleeping on employee management. I see this in Check's partners. The platforms who help manage their customers' teams are absolutely crushing it.
Source: tidemarkcap.com/post/2024-ve… h/t @TheManMikeTan
I’ve been building companies from nothing with @ericstromberg and @vanlancker for more than a decade now. As an early stage founder you won’t find a better partner than Terrain.
Congrats on the public unveiling guys!
Today we are announcing Terrain, a seed-stage investment firm from me and @vanlancker that is built to back founders who call their shot.
Here's why we believe this era will be defined by founders who pursue specific goals with high stakes:
terrain.com/letter
