Today, we’re in conversation with Tim Chen, the founder and CEO of NerdWallet.com, who started the personal finance website out of a personal experience and need. Tim got laid off in the 2008 recession from a job on Wall Street. In that time frame, his sister came to him for some quick financial advice. She wanted to find the best credit card. His parents, around the same time, were seeking his advice for buying a mutual fund. His online search to answer these questions proved unfruitful and frustrating. And it was then that Tim got inspired to create a well-designed, and unbiased destination for financial advice and products.
Tim started Nerdwallet with $800. Today it worth hundreds of millions of dollars and has over 300 employees. What is next for the company, for the world of personal finance products and services and what are some of Tim’s own rules when it comes to managing his own money.