Mint’s Founder on Blippy: I Don’t Get It

I’m intermittently watching the Future of Money and Technology Conference, taking place today in San Francisco. It’s a good event, and one of the highlights I’ve caught so far was Aaron Patzer, the founder of the free personal finance service Mint, hinting that he doesn’t much get Blippy, a social networking site that publishes its users’ credit card transactions as they are made.

Asked what he thought of the service, Patzer said something along the lines of, “I don’t want people to know when I’m buying lingerie.” Pausing, he added, “There’s no reason people should know what I’m wearing.”

Mint, formed in 2007, was acquired by Intuit for $170 million last fall. It had raised $32 million over three rounds, including from First Round Capital, Shasta Ventures, and Founders Fund.

Blippy, launched five months ago, has already raised $12.9 million over two rounds, including from August Capital and Charles River Ventures. It also had a well-publicized security lapse last week, in which user credit card numbers were posted online (view apology here).

If you have time, you can watch a live feed of the show, courtesy of Justin.TV.


  • It’s going to be even harder to win me over now that they’ve published people’s credit card numbers.

  • I guess soon will list not only when you are not at home, but also what you have at home. So thieves know if it is worth it.

  • “There’s no reason people should know what I’m wearing.” – twitter cough =]

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