20VC Exclusive: Mercury Founder Launches First $26M Fund with Immad Akhund

In this interview podcast, Immad Akhund discusses his journey as an entrepreneur and angel investor, highlighting key lessons learned from over 350 angel investments, including the importance of listening to founders and understanding market timing. He shares insights on raising capital, emphasizing the benefits of raising enough money and the challenges of managing it wisely. Akhund also touches on the competitive landscape of the fintech industry, particularly the dynamics between Mercury, Brex, and Ramp, and offers advice to founders on navigating valuations and competition. Additionally, he announces the launch of his first institutional fund, detailing the investment strategy and preferences, such as favoring serial founders and exploring opportunities in space tech and AI, while also expressing skepticism about overhyped AI valuations.