Comments on: Mint Gets A Mint http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/ Startup and Technology News Sun, 07 Sep 2008 12:29:03 +0000 http://wordpress.org/?v=2.5.1 By: Jeff Strom http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2049166 Jeff Strom Sun, 23 Mar 2008 17:50:49 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2049166 What I'm wondering is why Mint hasn't been able to attract top-of-the-line VC's? Yes, Mint has raised lots of money from a big horde of second-tier VC's, but why did the most prestigious names in the valley stay away from this deal? i.e. where is Sequoia, Accel, etc? What I’m wondering is why Mint hasn’t been able to attract top-of-the-line VC’s? Yes, Mint has raised lots of money from a big horde of second-tier VC’s, but why did the most prestigious names in the valley stay away from this deal? i.e. where is Sequoia, Accel, etc?

]]> By: Bay Partners Seed Investments » Blog Archive » Money 2.0: Aspirin or Vitamins? (Charles Hudson) http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2045470 Bay Partners Seed Investments » Blog Archive » Money 2.0: Aspirin or Vitamins? (Charles Hudson) Wed, 19 Mar 2008 16:54:14 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2045470 [...] had been thinking a lot about personal finance this past few weeks and then I saw a TechCrunch post on how Mint raised more money and has been growing nicely. So I posted a tweet over the weekend [...] [...] had been thinking a lot about personal finance this past few weeks and then I saw a TechCrunch post on how Mint raised more money and has been growing nicely. So I posted a tweet over the weekend [...]

]]> By: Rose http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2037571 Rose Fri, 14 Mar 2008 15:30:06 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2037571 The developer of moneydance personal finance manager has been trying to get banks to allow his program access for years. I bet that someday banks will be forced to have some kind of universal api that works with every bank (securely of course) The developer of moneydance personal finance manager has been trying to get banks to allow his program access for years. I bet that someday banks will be forced to have some kind of universal api that works with every bank (securely of course)

]]> By: Peter http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2024004 Peter Sat, 08 Mar 2008 15:00:55 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2024004 I like it, but agree on the slightly suspicious functionality, they keep doing odd things with ATM fees and cost. Look at this "Your $500 purchase from Citibank ATM Withdrawal" in my alerts. I wonder if I bought my groceries at this ATM? They should be able to recognize "ATM" in any transaction, but continue to get only this wrong. Also finding savings are a joke. I could actually find more savings by opening my mail of watching more TV. Both makes you wonder about their independence. Could be good though, but I would have to trust them first. I like it, but agree on the slightly suspicious functionality, they keep doing odd things with ATM fees and cost. Look at this “Your $500 purchase from Citibank ATM Withdrawal” in my alerts. I wonder if I bought my groceries at this ATM? They should be able to recognize “ATM” in any transaction, but continue to get only this wrong. Also finding savings are a joke. I could actually find more savings by opening my mail of watching more TV. Both makes you wonder about their independence. Could be good though, but I would have to trust them first.

]]> By: Mint Raises $12.1 Million 3rd Round Of Funding; Plans To Improve Savings Engine & Expand Internationally http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017807 Mint Raises $12.1 Million 3rd Round Of Funding; Plans To Improve Savings Engine & Expand Internationally Thu, 06 Mar 2008 09:12:53 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017807 [...] Round, Shasta Ventures, Hite Capital, and a couple of other independent investors. And yesterday, TechCrunch announced that Mint is raising an additional third round of $12.1 [...] [...] Round, Shasta Ventures, Hite Capital, and a couple of other independent investors. And yesterday, TechCrunch announced that Mint is raising an additional third round of $12.1 [...]

]]> By: Velioncho http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017795 Velioncho Thu, 06 Mar 2008 09:01:37 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017795 This will be a huge failure. This will never be mainstream, there will also be some people posting everything online but majority dont. Its userbase will increase initially but then as the negative stories start rolling, it will face sudden death. This will be a huge failure. This will never be mainstream, there will also be some people posting everything online but majority dont.

Its userbase will increase initially but then as the negative stories start rolling, it will face sudden death.

]]> By: dave mcclure http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017184 dave mcclure Wed, 05 Mar 2008 21:28:36 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017184 congrats to Aaron & Mint team! (and to Benchmark) keep up the great work, and looking forward to seeing more *fresh* features as you folks keep enhancing the service & making it even better :) (disclosure: I'm an angel investor & occasional advisor to the company) congrats to Aaron & Mint team! (and to Benchmark)

keep up the great work, and looking forward to seeing more *fresh* features as you folks keep enhancing the service & making it even better :)

(disclosure: I’m an angel investor & occasional advisor to the company)

]]> By: Cate Long http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017017 Cate Long Wed, 05 Mar 2008 19:36:20 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017017 It seems alot like the Bankrate model... Free data (mostly)... Wrapped with PPC ads/offers/leadgen... Truly scalable... It seems alot like the Bankrate model…

Free data (mostly)…

Wrapped with PPC ads/offers/leadgen…

Truly scalable…

]]> By: Greg Smith http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017007 Greg Smith Wed, 05 Mar 2008 19:29:46 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2017007 amazing product. so simple and powerful amazing product. so simple and powerful

]]> By: nemrut http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016975 nemrut Wed, 05 Mar 2008 19:09:29 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016975 It would be interesting to find out what the demographics are for the 10k signups per/wk. I have a hard time believing people making more than 100k/yr would use this svc. It would be interesting to find out what the demographics are for the 10k signups per/wk. I have a hard time believing people making more than 100k/yr would use this svc.

]]> By: Nate http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016870 Nate Wed, 05 Mar 2008 17:58:19 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016870 With all the hacker attacks against financial institutions (many never disclosed) and the risk of identify theft, I wouldn't feel safe sharing my personal, private financial information with mint.com or any other similar Web site. They could never give me the assurances that it's safe and secure, and I'm surprised how many people are making this risky move. I hardly trust established, brand-name brick and mortal financial institutions to safeguard my information, much less some here today, gone tomorrow Internet upstart with dollars signs in its eyes. With all the hacker attacks against financial institutions (many never disclosed) and the risk of identify theft, I wouldn’t feel safe sharing my personal, private financial information with mint.com or any other similar Web site. They could never give me the assurances that it’s safe and secure, and I’m surprised how many people are making this risky move. I hardly trust established, brand-name brick and mortal financial institutions to safeguard my information, much less some here today, gone tomorrow Internet upstart with dollars signs in its eyes.

]]> By: mala http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016855 mala Wed, 05 Mar 2008 17:50:05 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016855 i use www.budgetpulse.com. it is simple and neat. apart from tracking expenses, assets and bills against income, it helps to build an ideal budget by laying down millstones in expenses above regular intervals of time. i use http://www.budgetpulse.com. it is simple and neat. apart from tracking expenses, assets and bills against income, it helps to build an ideal budget by laying down millstones in expenses above regular intervals of time.

]]> By: RONLG http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016842 RONLG Wed, 05 Mar 2008 17:39:34 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016842 @Emile: I can withdraw as low as $5 @ some Bank of America ATM machines. ;) Just thought I'd chime in and mention that. @Emile:

I can withdraw as low as $5 @ some Bank of America ATM machines. ;) Just thought I’d chime in and mention that.

]]> By: Brian Donovan http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016761 Brian Donovan Wed, 05 Mar 2008 16:53:35 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016761 For people asking about international support and bank support (3, 8, 15, 32, 34), I'd recommend looking at Wesabe (https://www.wesabe.com/). I work there, just so you know. We do support a number of international banks, mostly in Canada, and it's easy for you to add your own bank, wherever you are, as long as they offer a compatible data download. And congrats to Mint on their third round! For people asking about international support and bank support (3, 8, 15, 32, 34), I’d recommend looking at Wesabe (https://www.wesabe.com/). I work there, just so you know. We do support a number of international banks, mostly in Canada, and it’s easy for you to add your own bank, wherever you are, as long as they offer a compatible data download.

And congrats to Mint on their third round!

]]> By: Chris Gibson http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016760 Chris Gibson Wed, 05 Mar 2008 16:53:18 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016760 Yes there is a similar offer that will start to come up apparently in April. They won the Seed camp trophy. www.kublax.com At this stage it's only in alpha but seems promising. Yes there is a similar offer that will start to come up apparently in April. They won the Seed camp trophy. http://www.kublax.com At this stage it’s only in alpha but seems promising.

]]> By: sd http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016750 sd Wed, 05 Mar 2008 16:48:06 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016750 so there are 10000 people actually giving their financial info up a week? so there are 10000 people actually giving their financial info up a week?

]]> By: Basil http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016738 Basil Wed, 05 Mar 2008 16:37:46 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016738 Canadians have been ignored by Silicon Valley long enough- all of these nifty web 2.0 apps that won't expand outside the US until they've saturated the US market (Mint, Redfin, Partnerup, etc) are going to learn a hard lesson about choosing between competing with or acquiring newer smaller competitors in other geographies. I know there are barriers, even on the net: we have our own laws, a significant portion of us want to be served in French, and it's a long trip to a really cold country if you need to meet with us. You may not know this, but we have a population and economy similar in scale to California. If any Canadian developers read this and want to talk about providing some of these services to fellow Canucks who are being ignored by Silicon Valley, drop me a line at basilberntsen at gmail dot com. I am bilingual, have a company set up that's allowed to do business in Quebec, have access to hosting, and have an accountant. All I need is someone to code. Canadians have been ignored by Silicon Valley long enough- all of these nifty web 2.0 apps that won’t expand outside the US until they’ve saturated the US market (Mint, Redfin, Partnerup, etc) are going to learn a hard lesson about choosing between competing with or acquiring newer smaller competitors in other geographies.

I know there are barriers, even on the net: we have our own laws, a significant portion of us want to be served in French, and it’s a long trip to a really cold country if you need to meet with us. You may not know this, but we have a population and economy similar in scale to California.

If any Canadian developers read this and want to talk about providing some of these services to fellow Canucks who are being ignored by Silicon Valley, drop me a line at basilberntsen at gmail dot com. I am bilingual, have a company set up that’s allowed to do business in Quebec, have access to hosting, and have an accountant. All I need is someone to code.

]]> By: Darnell Clayton http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016735 Darnell Clayton Wed, 05 Mar 2008 16:35:32 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016735 Who needs to login when they email the details to you? Anyways, I am very pleased with Mint, and of all of the startups mentioned on this site, I have found Mint by far to be the most useful. Props to whoever came up with the initial idea. Now if only Mint can come up with a FNA for their users, then their site would really take off! Who needs to login when they email the details to you?

Anyways, I am very pleased with Mint, and of all of the startups mentioned on this site, I have found Mint by far to be the most useful.

Props to whoever came up with the initial idea.

Now if only Mint can come up with a FNA for their users, then their site would really take off!

]]> By: Pascal http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016699 Pascal Wed, 05 Mar 2008 16:15:42 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016699 nice application, too bad I can't use it from where I live :-) I like the interface, completely Javascript driven. nice application, too bad I can’t use it from where I live :-)

I like the interface, completely Javascript driven.

]]> By: Aaron http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016694 Aaron Wed, 05 Mar 2008 16:12:08 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016694 Thomas Friedman, misterdub: You're right, there is a significant barrier to entry in all the relationships Mint.com has secured. We've signed deals with the 7 top credit card issuers, many top banks, and a few home services providers. Establishing and optimizing these relationships has taken many months of effort from our BD team, and we're only now reaping the rewards. The good news is that puts us perhaps a year ahead of any competitor on that front alone. Aaron Patzer Founder & CEO, Mint.com Thomas Friedman, misterdub:

You’re right, there is a significant barrier to entry in all the relationships Mint.com has secured. We’ve signed deals with the 7 top credit card issuers, many top banks, and a few home services providers. Establishing and optimizing these relationships has taken many months of effort from our BD team, and we’re only now reaping the rewards. The good news is that puts us perhaps a year ahead of any competitor on that front alone.

Aaron Patzer
Founder & CEO, Mint.com

]]> By: EH http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016673 EH Wed, 05 Mar 2008 16:01:07 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016673 Andrew/17 and Emile/25 raise good points. I only ever get suggestions to join some no-name Internet bank, and (per Emile) it would be nice if Mint added some intelligence to their pretty pie charts. I'm also of the mind of the guy up there who only uses their email summaries. I've found that the Mint interface is a bit clicky and their IA is counterintuitive, but it's all very pretty of course. I'm still on the fence about consolidated financial management sites, but maybe Yodlee or some of the other frontends are worth checking out just for comparison's sake. Andrew/17 and Emile/25 raise good points. I only ever get suggestions to join some no-name Internet bank, and (per Emile) it would be nice if Mint added some intelligence to their pretty pie charts. I’m also of the mind of the guy up there who only uses their email summaries. I’ve found that the Mint interface is a bit clicky and their IA is counterintuitive, but it’s all very pretty of course. I’m still on the fence about consolidated financial management sites, but maybe Yodlee or some of the other frontends are worth checking out just for comparison’s sake.

]]> By: Emile http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016671 Emile Wed, 05 Mar 2008 15:59:53 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016671 OK, that's great news. OK, that’s great news.

]]> By: Thomas Friedman http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016667 Thomas Friedman Wed, 05 Mar 2008 15:54:38 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016667 @misterdub, Do you have any idea what kind of BizDev goes on in order to get those offers? Online applications have as much or more value-add based on their BizDev activities than the web-app tech itself. Funny how SW developers don't acknowledge the PITA of BizDev or the barrier-to-entry it presents the competition. I guess that is a good thing for us deal negotiators. @misterdub, Do you have any idea what kind of BizDev goes on in order to get those offers?

Online applications have as much or more value-add based on their BizDev activities than the web-app tech itself. Funny how SW developers don’t acknowledge the PITA of BizDev or the barrier-to-entry it presents the competition. I guess that is a good thing for us deal negotiators.

]]> By: Aaron http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016661 Aaron Wed, 05 Mar 2008 15:47:59 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016661 Emile, Our algorithms do automatically split cash vs. ATM fees - this is something we've done for many months. If the full $101.50 is still being categorized as a fee, then that's a bug. Send an email to feedback@mint.com and we'll take care of it in the next release. Aaron Patzer Founder & CEO, Mint.com Emile,

Our algorithms do automatically split cash vs. ATM fees - this is something we’ve done for many months. If the full $101.50 is still being categorized as a fee, then that’s a bug. Send an email to feedback@mint.com and we’ll take care of it in the next release.

Aaron Patzer
Founder & CEO, Mint.com

]]> By: Aaron http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016659 Aaron Wed, 05 Mar 2008 15:44:29 +0000 http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/#comment-2016659 Paul (3), Chris (5), Alex (8): International support will start later in the year, first with Canada & the UK, then Australia/NZ, then Germany, France & Italy. Our first order of business is a more complete investments feature (coming March 20th) where you can see all your positions and performance across all your accounts. Right now, we support 1,500 brokerages, IRAs, 401ks, and 529 plans, but you can only see your balances. After that is improvement to our savings engine, including suggestions on when to consolidate student loans or refinance your mortgage. Then we tackle international markets. Aaron Patzer Founder & CEO, Mint.com Paul (3), Chris (5), Alex (8):
International support will start later in the year, first with Canada & the UK, then Australia/NZ, then Germany, France & Italy.

Our first order of business is a more complete investments feature (coming March 20th) where you can see all your positions and performance across all your accounts. Right now, we support 1,500 brokerages, IRAs, 401ks, and 529 plans, but you can only see your balances.

After that is improvement to our savings engine, including suggestions on when to consolidate student loans or refinance your mortgage. Then we tackle international markets.

Aaron Patzer
Founder & CEO, Mint.com

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