Starling CEO: Building a $1.5 Billion Business Against The Odds: Anne Boden | E107
- Nov 21, 2021
- 1:32:03
- Full Episode
This weeks episode 'Starling Bank: Building a $1.5 Billion Business Against The Odds: Anne Boden' Topics: 0:00 Intro 03:53 Humble beginnings 11:57 Entrepreneurship 25:32 Starting Starling bank & clashes with Tom at Monzo 57:47 Raising funding 01:05:40 What have you learnt about raising investment? 01:12:29 Managing your emotions when running a bank 01:20:26 Work life balance - maintaining relationships 01:25:45 Key advice you would told your younger self 01:30:59 Our last guests question
Anne: https://www.instagram.com/anneboden/ https://twitter.com/anneboden
Anne's book: https://www.amazon.co.uk/BANKING-How-I-Disrupted-Industry-ebook/dp/B084H6N2GS
Our Episode with Tom from Monzo: https://www.youtube.com/watch?v=gP2_QOCrVO4&t=1894s
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Listen on: Apple podcast - https://podcasts.apple.com/gb/podcast/the-diary-of-a-ceo-by-steven-bartlett/id1291423644 Spotify - https://open.spotify.com/show/7iQXmUT7XGuZSzAMjoNWlX
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Sponsor - https://uk.huel.com/
Brief Summary
Anne Boden shares her journey of building Starling Bank, overcoming challenges, and the fallout with co-founder Tom Blomfield.
Key points
- The Rise of Starling Bank. Anne Bowden shares her journey from corporate life to founding Starling Bank, overcoming stereotypes and challenges along the way.
- The Unconventional Funding Journey. Facing rejection from traditional VCs, she sought backing from consultancy firms instead.
- The Formation of a Core Team. She reached out to former colleagues to build her team for the new bank.
- The Fallout with Tom. Tensions rise as Tom decides to leave just before a crucial funding round.
- A Pivotal Coffee Shop Meeting. A conversation with a friend leads her to realize she wants to reclaim her role.
- The Emotional Impact of Burglary. A personal burglary adds emotional strain during a tumultuous time in her career.
Episode highlights
- The Rise of Starling BankAnne Bowden shares her journey from corporate life to founding Starling Bank, overcoming stereotypes and challenges along the way.“It's a crazy story, one that I believe one day will be a Netflix show.”2:09Nov 21, 2021
- The Unconventional Funding JourneyFacing rejection from traditional VCs, she sought backing from consultancy firms instead.“They were going to miss out if they didn't back me.”25:20Nov 21, 2021
- The Formation of a Core TeamShe reached out to former colleagues to build her team for the new bank.“I phone them up and say, 'Yep, I'm still trying to start this bank.'”27:28Nov 21, 2021
- The Fallout with TomTensions rise as Tom decides to leave just before a crucial funding round.“One day Tom decides to go, unfortunately we were about to take funding.”28:53Nov 21, 2021
- A Pivotal Coffee Shop MeetingA conversation with a friend leads her to realize she wants to reclaim her role.“You can go back in and take Stalin back.”39:00Nov 21, 2021
- The Emotional Impact of BurglaryA personal burglary adds emotional strain during a tumultuous time in her career.“A burglary is quite personal.”41:14Nov 21, 2021
- A Pivotal Investment OfferAfter struggling to raise just £3 million, she receives a surprising offer of £48 million for 66% of her company.“I'm not going to give you 3 million. I'm going to give you 48.”59:32Nov 21, 2021
- The Emotional Toll of BankingManaging a bank involves deep emotional responsibility, dealing with customers in vulnerable situations.“We have a window on people's lives in all sorts of circumstances.”1:11:51Nov 21, 2021
