Aaron Patzer in 2006
|Education||MSEE from Princeton University; BS in Computer Science, Computer Engineering, and Electrical Engineering from Duke University|
|Known for||Founder of Mint.com|
Early years and education
Patzer graduated from Duke University in 2002 with a BSEE. He also has an MSEE from Princeton University. Patzer got his first work experience in the Internet boom years of 1998-2000, working for Getawebsite.com and Miadora.com (an online jewelry store).
After a number of engineering positions and internet startups, Patzer founded Mint.com in March 2006. According to Patzer, he got the inspiration for Mint.com in late 2005 after being frustrated with how difficult it was to use the Intuit Quicken product.
Patzer developed the full alpha version of Mint.com (in Java J2EE and MySQL) in 2006 before he met Josh Kopelman (founder of half.com) and Rob Hayes at a STIRR dinner in the fall of 2006. The meeting led to funding, and Patzer launched Mint.com at the TechCrunch40 conference a year later, in September 2007, winning the $50K first prize.
On September 14, 2009, Intuit announced that it would buy Mint.com for $170M. At the time of the announced sale, Mint.com had an estimated 1.5 million users. Patzer joined Intuit as VP Product Innovation and is also working on a new personal transportation systems.
In 2011, TechCrunch reported that Patzer's next project would be called "Swift" and was exploring the "feasibility of building a personal maglev vehicle transit system." Accordingly to Patzer, he was splitting his time between the new venture and his position at Intuit.
- "Aaron Patzer: Executive Profile & Biography". Bloomberg Businessweek. Retrieved June 24, 2012. "Mr. Aaron Patzer serves as an Advisor of HealthTap, Inc. Mr. Patzer serves as the Vice President and General Manager of Personal Finance group at Intuit. He founded Mint Software, Inc. (Mint.com), in 2006 and served as its Chief Executive Officer. He served as President of Mint Software, Inc."
- "LinkedIn.com - Aaron Patzer". Mint.com. Retrieved July 19, 2012. "As of summer 2012, Mint.com had 10m users."
- "Aaron Patzer". First Round Capital. Retrieved June 24, 2012. "Aaron holds an MSEE from Princeton University and a BS in computer science, computer engineering, and electrical engineering from Duke University. He has 10 patents filed or pending."
- Patzer, Aaron (March 13, 2007). "The Personal Finance Tool problems began…". MintLife Blog. Intuit, Inc. Retrieved June 24, 2012. "Problem was I got busy; I hadn’t kept up with Quicken in many, many months. And that meant trouble. Really all I wanted to see was how much I spent on gas and groceries, and maybe learn if I was buying too many DVDs on Amazon. But to figure all of that out, it was going to take a whole Sunday’s worth of work."
- Patzer, Aaron (October 12, 2010). "Three Reasons Why I Started Mint.com". The Blog. Huffington Post. Retrieved June 24, 2012.
- blog posting
- TechCrunch.com, "Mint Wins TechCrunch40 Top Company Award; Takes $50,000 Prize" link
- "The Number Cruncher"
- "Intuit to Acquire Mint.com". Intuit, Inc. September 14, 2009. Retrieved June 24, 2012. "Intuit Inc. (Nasdaq: INTU) has signed a definitive agreement to purchase Mint.com, a leading provider of online personal finance services in a cash transaction valued at approximately $170 million. Privately held Mint.com, based in Mountain View, Calif., has successfully used its advanced technology to provide consumers with an easy and intelligent way to manage their money. "With this transaction, Intuit will gain another fast-growing consumer brand and a highly successful Software as a Service (SaaS) offering that helps people save and make money," said Brad Smith, Intuit CEO. "This move will enhance Intuit's position as a leading provider of consumer SaaS offerings that connect customers across desktop, online and mobile.""
- Wortham, Jenna (September 14, 2009). "Intuit Buys Mint, a Web-Based Finance Competitor". The New York Times. The New York Times Company. Retrieved June 24, 2012. "Mint, which unveiled its free online services in September 2007, quickly became popular as more people turned to the Web to create budgets and manage their finances. The company says it has 1.5 million users tracking nearly $50 billion in assets and $200 billion in transactions."
- Schonfeld, Erick (December 4, 2011). "Mint Founder’s New Project, Swift, Studies Personal Maglev Vehicles". TechCrunch. AOL Inc. Retrieved June 24, 2012. "Aaron Patzer, the founder of Mint, has a new project that he is spending half his time on (he continues to spend the other half as VP of Product Innovation at Intuit, which acquired Mint two years ago for $170 million). His new project is called Swift, and it is his vehicle (if you will) to explore the feasibility of building a personal maglev vehicle transit system. “The goal is to see if I can develop a new transportation system to displace cars in most urban and suburban settings,” he told me recently, “with the goal being 5x the speed, and bringing the cost of maglev from today’s costs of $50m / mile down to $4-5m / mile, which would be the same as adding one lane of asphalt/concrete road. Not sure if it will pan out, as I’m deep in the science and simulation phase.”"