In this episode of the Acquired podcast, hosts David Rosenthal and guest host interview Zach Perret, the CEO of Plaid, about the company's journey, including a failed acquisition by Visa, subsequent fundraising rounds, and the evolution of Plaid's business model. Zach discusses the emotional impact of the acquisition's collapse on employees, the shift in strategy towards becoming an analytics business, and the challenges of managing a growing company in a cyclical financial environment. He also touches on Plaid's unique data set, its competitive advantages, and the changing landscape of software development with the advent of AI.
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