A 20-Something Makes a Mint (and Sells It to Intuit)

nytimes.com

33 points·andrewpbrett··10 comments

My personal rule is I’m not touching anything I got from the acquisition. I’m just going to continue to live off of my income.

Wonder what his plans are. Investing? Funding his next startup? Philanthropy?

Wonder how things will work out for him in Intuit's bureaucratic culture -- kinda surprised how much he publicly belittled their bureaucracy (as deserved as the criticism was).

A twinge arrogant, a twinge lucky, but I feel like this kid gets it. I mean, it's an easy statement to make considering his success, but nonetheless, I like his style.

word on the street is he took on his last round of financing at an extremely high valuation in order to drive the asking price of Mint up. Sounds like the investors in the last round got screwed!

>> Q. Was Mint profitable at the time of sale?

>> A. We do not comment on revenues.

Odd, surely a simple yes/no isn't giving too much away.

Maybe a stupid question but does anyone know how they hook into your bank account and credit card details?

Since it doesn't work with every bank and I heard it is sometimes waky, I suppose it is a hack like : http://cpan.uwinnipeg.ca/dist/Finance/

Mint.com is built on Yodlee's banking-data platform.

http://www.yodlee.com/index2.shtml

You can check out Techcrunch's view on Mint's use of Yodlee's data here:

http://www.techcrunch.com/2009/09/18/mint-is-yodlees-youtube...

Personally I think that such insane attention to detail on the user-interface is admirable and he definitely deserves the sale.

but how does yodlee then ?

Offshoring internal support? Is that common now? (I haven't worked at a big company in some years.)

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