Welcome to another great episode of Startup Junkies!
In this episode, Startup Junkies Jeff Amerine, Caleb Talley, and Victoria Dickerson sit down with Michail Myburgh, co-founder and chief technology officer of Backd, an alternative lending company headquartered in Austin, TX. Michail explains how Backd helps entrepreneurs secure business funding with quick turnaround times rather than waiting months for traditional funding options. He also shares about what it's like to build a resilient company culture, going into business with his brother, and why the United States is an incredible place for starting a business.
(0:54) Introduction to Michail
(1:12) About Backd
(3:28) Backd’s Ideal Customer
(5:04) Backd’s Funding Process
(10:10) Michail’s Entrepreneurial Journey
(12:41) What Winning Looks Like
(15:12) Getting Creative with Backd
(19:13) The Culture of Backd
(24:28) Advice to Younger Self
(27:20) Closing Questions
“Our efficiency and our quickness is really where we shine. There’s quick decision making on our part.” - Michail Myburgh, (7:01)
"The way we see it, our greatest asset is our employees and the people that make the company. It's very important to us to get the right talent and create a culture where everyone can thrive." - Michail Myburgh, (19:14)
"The advice I would give is go to the United States. Don't waste time anywhere else. This environment, for a business owner, is absolutely amazing. There's nowhere else on earth where I think you can build these businesses as effectively as you can here." - Michail Myburgh, (24:36)