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From Finance Bros to Founding a Company Valued at 12 Billion
John Melizanis & Kyle Russell
September 13, 2023
From Finance Bros to Founding a Company Valued at 12 Billion
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In this edition of our newsletter, we take a deep dive into the founding of a company that is worth about 12 billion dollars.
Who are Alex Bouaziz and Shuo Wang?
Alex Bouaziz, a serial entrepreneur with an engineering background, and Shuo Wang, an experienced finance professional, come from different walks of life. Their diverse experiences have proven to be the perfect blend to propel Deel into the stratosphere of successful startups.
The Genesis of Deel
Before Deel, Alex Bouaziz founded several successful tech startups. While running his ventures, Alex faced a persistent challenge of managing international contractors and freelancers. Similarly, Shuo Wang, having worked with financial giants like Goldman Sachs, was well aware of the complexities involved in cross-border transactions. The duo met, and from their shared frustration, Deel was born.
The Birth of Deel
Deel was founded in 2018 with a mission to simplify the process of hiring and managing remote teams. Alex and Shuo aimed to create a platform that would allow businesses to easily hire, pay, and manage their international team members. They wanted to create a seamless experience, ensuring compliance with local laws and regulations, and simplifying cross-border payments.
The Growth of Deel
Since its inception, Deel has seen phenomenal growth. Alex and Shuo's solution struck a chord with businesses worldwide, especially amidst the growing shift towards remote work due to the COVID-19 pandemic. Today, Deel serves businesses in over 150 countries, simplifying the management of remote teams and making the world a smaller place for businesses.
Tweet of the Day
The most successful beauty product of the past few years isn’t a cream, fragrance, or powder — It’s a filtered shower head.
And it’s all thanks to a genius lead generation tactic.
This is the story of how Jolie went from 0 to 8 figures in revenue with a single landing page 🧵
— Ben Schreiber- Growth Marketing (@benschreiber_)
1:27 PM • Sep 10, 2023
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