Sramana Mitra: What does that mean? Are we talking about a regular credit card issued that’s your card? Jason Hogg: It was a Revolution card. We had our own brand and our own network. When you walk into a CVS and you see a MasterCard, Visa, and AmEx sticker in the window, you would also
Sramana Mitra: What year did you do the $10 million first round financing? Jason Hogg: It was a year later. We did the $10 million financing in May of 2006. I had this idea in my head when I made that connection that I told you about all the way back in 2001. It was
Sramana Mitra: At that point, what did you tell them? What were you going to deliver for them? Jason Hogg: I was going to build them the first non-proprietary credit card network in America that would simultaneously have peer-to-peer transfer capability which only PayPal had at that time. I could build a proof of concept to
Sramana Mitra: What year does that bring us up to now? Jason Hogg: We’re now in 2002. The timing was actually interesting because when I was graduating from Cornell, the first dot-com bomb had gone off. There were a series of venture capital and private equity shops that had made co-investments in a number of
FinTech is hot these days. Jason has particular expertise in the segment, and he discusses his multiple ventures. Sramana Mitra: Let’s go to the beginning of your personal story. Where were your born, raised, and in what kind of background? Jason Hogg: I’m from New York originally and grew up just outside the city. My