User:Julianne at NerdWallet/Tim Chen Draft
Tim Chen
[edit]Tim Chen | |
|---|---|
| File:Tim Chen.jpg | |
| Born | 1983[1] |
| Education | Stanford |
| Occupation | Entrepreneur |
| Known for | CEO and Cofounder of NerdWallet |
Tim Chen is the CEO and co-founder of NerdWallet, a San Francisco-based startup that provides content and tools about personal finance.[2] He is also on the board of the National Foundation for Credit Counseling and was formerly on the Consumer Advisory Board of the Consumer Financial Protection Bureau from 2015 to 2018.[3][1]
Chen was born in 1983 in Houston, Texas.[2][4] His parents were first-generation American immigrants.[2] When Chen was 10, his family moved to Atlanta, Georgia.[4] Chen attended college at Stanford University, where he earned a Bachelor's degree in Economics.[1][4] At Stanford, Chen developed an interest in entrepreneurship, but became a hedge fund analyst instead.[2]
Chen's career began as an equity research analyst at Credit Suisse[5] in New York City.[6] He worked at hedge funds for four years,[7] before getting laid off from JAT Capital during the Great Recession.[4] The idea for NerdWallet came when his sister asked him for advice on what credit card she should get with lower foreign transaction fees.[2] He grew frustrated by the limited information available online, so he compiled a spreadsheet breaking down her options, which became the basis of NerdWallet.[4] This prompted Chen to start NerdWallet in 2009 with his childhood friend Jake Gibson.[2][4][6]
The website started growing quickly in mid-2010[7] and has since raised $105 million in funding.[7] As of 2016, the company was valued at $520 million.[2][7]
References
[edit]- ^ a b c Forty Under 40: Tim Chen, NerdWallet, San Francisco Business Times, March 10, 2017, retrieved August 18, 2018
- ^ a b c d e f g Aspan, Maria (January 20, 2016). "The $520 Million Company That's Solving All Your Financial Needs". Inc.com. Retrieved August 18, 2018.
- ^ Ryssdal, Kai; Purser, Bennett (September 19, 2018). "NerdWallet wants to help you with finance". Marketplace. Retrieved December 6, 2018.
- ^ a b c d e f Apte, Poornima (May 10, 2018). "This King Midas of Finance Says the 'Game Is Rigged'". OZY. Retrieved August 18, 2018.
- ^ Bertoni, Steven (September 12, 2017). "Podcast: NerdWallet Founder Shares Secrets Of Mastering Money". Forbes. Retrieved August 18, 2018.
- ^ a b Douglas, Nick (November 22, 2017). "I'm NerdWallet Co-Founder Tim Chen, and This Is How I Work". Lifehacker. Retrieved August 18, 2018.
- ^ a b c d Huddleston, Tom (May 9, 2018). "After being laid off, this 35-year-old founded NerdWallet with $800 - now it's worth $500 million". CNBC. Retrieved August 18, 2018.