Oct 5, 2024
Yacine Sibous is the Co-Founder of Parker, the financial stack for scaling your e-commerce brand faster and more profitably.
After studying Physics and Computer Science at McGill University, Yacine left to attend 42, a unique software engineering school in France. It’s there that he met his co-founder Milan Ray.
Yacine and Milan went on to participate in Y Combinator in 2019. They have since raised $157 million from investors and have processed more than $550 million on their platform, with customers that include brands like Caraway, Venus et Fleur, and Dolls Kill.
0:00 Parker: A digital banking platform for internet-based companies
1:05 How a friend’s business selling phone cases on Instagram in college led to the inception of Parker
5:36 Attending Y Combinator and how COVID led Yacine and Milan to return to their original idea after many pivots
8:50 How Yacine met his co-founder, Milan Ray and decided to work together
10:08 Attending the unique school 42 in France
10:59 Early feedback on Parker that led Yacine and Milan to stick to their original idea
12:01 Understanding the fundraising game and raising their first round from YC
13:35 The mistake of under-utilizing funds and burning too little
15:09 What fueled Parker’s growth
17:19 Leveraging events for growth post-COVID
18:09 What differentiates Parker from its competitors
21:45 How customer feedback enabled them to build a credit model unique to e-commerce
23:58 The key to raising debt
24:49 Yacine’s best fundraising advice
27:03 Tips for building hiring both junior and executive team members
31:12 How a focus on growth has enabled Parker’s success
33:30 How Yacine invests in himself
35:21 What’s next for Parker
36:52 Parker’s target customer
37:10 Where to connect with Yacine
Website:
Parker
LinkedIn: linkedin.com/in/yacine-sibous/
Twitter: @YacineSibous
Email: yacine@getparker.com
Learn from other world-class founders: https://www.justgogrind.com
Follow Justin Gordon, the host, on Twitter: https://twitter.com/justingordon212