Show notes
As everyone quickly realized during the pandemic, remote work and distributed teams are here to stay. How should startups think about managing their global payments? On today’s show, we ask Dileep about the issues with multiple payment rails, bringing on independent contractors as full-time employees, and setting up local and global entities with various forms of credit.About DileepDileep is the co-founder and CEO of Jeeves, a company that provides financial infrastructure for global startups. Previously, he was Co-Founder & COO at Jeeng/PowerInbox and M&A Strategy consultant at Deloitte Consulting. He graduated with an MBA from Stanford, and was part of the YC Summer Class of 20. In this episode we discuss:02:22 What the distributed workforce market looked like prior to COVID-1904:33 How COVID changed the global infrastructure stack06:16 How startups have dealt with hiring remote workers07:14 Other challenges startups face when paying in local currencies10:03 Navigating the input-output flow of currencies11:43 Why most fintechs tend to focus on a single country13:36 How Jeeves is thinking about the future of multi-faceted payments14:22 The democratization of single payments across the world15:53 Suggestions for founders regarding international payroll/ HR risks18:06 Advice from Dileep as a founder20:37 Should international employees be hired as independent contractors?22:29 Over-correcting for success23:36 Covering third party costs for remote teams25:44 How should a founder think about hidden/unseen costs in the global market?27:57 Annual losses to global transaction costs, and why there has not been a solution before31:09 How non-US entities can benefit from working with Jeeves33:34 Jeeves’ funding history36:08 Taking on additional debt37:01 The future of Jeeves in terms of new markets/product offeringsFast FavoritesPodcastThe DailyNewsletter/BlogPro Football TalkTech GadgetPortable SpeakersNew TrendMeme StocksBookThe Undercover Economist by Tim HarfordFollow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
