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29Episode 29

Jacques Fu - Co-founder at Stax, Author of "Time Hacks"

with Jacques FuCo-founder

2023-01-29·41:02
Podcast Episode

Jacques Fu, Co-founder of the fintech unicorn Stax, joins The Startup Project to share his journey from early-stage builder to Chief Innovation Officer. Learn how Stax grew to a $1B valuation by turning SaaS companies into payments businesses.

5 Things You'll Learn from This Episode

  1. Build a new revenue stream by embedding white-labeled payment solutions into your SaaS product.
  2. Listen to your customers to evolve beyond your initial product, from a payments tool to a full commerce enablement platform.
  3. Start angel investing by joining a syndicate, which allows you to participate in deals with smaller check sizes like $5-10k.
  4. Manage your time effectively using the 'ADD' framework: Automate, Delegate, and Delete one task every day.
  5. Prepare for your role to change constantly in a hyper-growth company that doubles or triples annually.

About the Episode

Jacques Fu recounts his entrepreneurial journey, from co-founding Assist Rx to building the payment processing unicorn, Stax. He details Stax's core strategy of empowering SaaS platforms to become payments companies and shares the key decisions that led to their explosive growth. The conversation also covers his personal framework for angel investing and the simple, actionable principles from his book, "Time Hacks".

Timestamps

  • 0:00 — Introduction: From Family Business to Tech Founder
  • 2:45 — The Journey from Assist Rx to Starting Stax
  • 5:01 — What Stax Does: An All-in-One Payment Platform
  • 7:35 — Helping SaaS Companies Become Payments Companies
  • 10:15 — How Stax Differentiates from Stripe
  • 12:18 — Evolving Role: From CTO to Chief Innovation Officer
  • 16:20 — The Secret to Stax's Hyper-Growth
  • 19:05 — Untapped Opportunities in FinTech Verticals
  • 21:50 — How to Get Started in Angel Investing
  • 25:44 — Treating Angel Investments Like a Portfolio
  • 31:45 — Thoughts on Crypto, Blockchain, and Web3
  • 37:40 — Time Hacks: The Automate, Delegate, Delete Framework

About Jacques Fu

Jacques Fu is the Co-founder and Chief Innovation Officer at Stax, an all-in-one payment technology provider that became Orlando's first fintech unicorn. Before Stax, he co-founded the healthcare technology company Assist Rx, growing it to over 100 employees. Jacques is also the author of "Time Hacks," a book on productivity and time management.

Co-founder & Chief Innovation Officer at Stax

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About the Host

Nataraj Sindam is the creator of The Startup Project, a podcast featuring founders, investors, and operators building the future.

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