Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake
Iconiq pursued Chime because the founders were focused, and didnât get distracted by "shiny new objects."
Chime almost died in 2016, turned down by 100 VCs. Today it IPOâd at $14.5B.
In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.