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Entrepreneur's Journal: Taking a business from $0 to $170 million in three years

It was only three years ago that Aaron Patzer started Mint.com, a free web-based financial planning site. In his mid 20s, he encountered much skepticism. But, this was no problem for Aaron. He realized he could make a difference.

And he certainly did. This week, he sold Mint.com for a cool $170 million to Intuit (NASDAQ: INTU).

Actually, over the past few years, I've been able to have calls as well as meet with Aaron. He gave strong demos and was always passionate about his company (he would even demo his personal account, showing that he would "eat his own dog food"). Mint.com seemed like a mission for him.

Continue reading Entrepreneur's Journal: Taking a business from $0 to $170 million in three years

Mint.com strikes gold with Intuit's $170M buyout

I recently had a chance to talk to the CEO and founder of Mint.com, Aaron Patzer. As always, he was upbeat. Then again, his website -- which provides free financial planning services -- has continued to grow at a rapid clip (gaining 100,000 new registered users per month). Also, Mint.com raised $14 million in venture capital.

Well, Patzer has another reason to be excited: he's selling Mint.com for a cool $170 million to rival Intuit (NASDAQ: INTU).

Continue reading Mint.com strikes gold with Intuit's $170M buyout

Mint.com gets $14 million and some new cool features

Since launching in September 2007, Mint.com has become a dominant player in the online personal finance space. In fact, the company has raised $14 million in venture capital from DAG Ventures, The Founder's Fund, Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo. It was preemptive round; that is, Mint.com didn't seek out the money. Nice, huh?

So, to get the latest, I had a chance to talk to Mint.com's founder and CEO, Aaron Patzer. He said that the site is attracting 100,000 new registered users per month. In all, the user base is over 1.4 million (even President Obama's CTO, Aneesh Chopra, is an avid member). What's more, Mint.com is currently tracking over $175 billion in transactions and $47 billion in assets.

Continue reading Mint.com gets $14 million and some new cool features

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Last updated: May 25, 2012: 08:33 AM

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