Thibaut Sahagian, CEO of Multis: $9 Million Raised to Build a New Category of Software Designed to Meet the Needs of Web3 Organizations

Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech’s most innovative B2B founders. In today’s episode, we’re speaking with Thibaut Sahagian, Founder and CEO of Multis, a crypto finance management platform that has raised over $9 million in funding.

Most Interesting Points from Our Conversation:

Background and Inspiration: Thibaut’s journey into crypto began in the political arena, where he worked on fraud-resistant voting systems using Bitcoin. This early exposure to crypto, first as speculative assets and then as a tool for empowerment, led him to realize the potential of impermanent crypto as the foundation for Multis.
Vision for Multis: The company aims to empower Web Three builders by providing USD checking accounts, corporate cards, and Web Three financial tooling, focusing on making financial management seamless for entrepreneurs in the crypto space.
The Attraction to Crypto: Thibaut’s interest in crypto was sparked by its potential for greater good beyond mere financial gain. His early engagement with pioneers in the space and the realization that blockchain could serve B2B solutions significantly influenced his career path.
Challenges of Launching in a Bear Market: Starting Multis in 2019, during a bear market, presented skepticism from investors and the broader community due to previous crypto busts. Yet, Thibaut sees bear markets as opportune times for building foundational elements of a lasting business.
Focus on B2B Over B2C: Thibaut’s passion for working with founders and entrepreneurs drove Multis’ B2B focus. He believes that building relationships with other businesses provides a contagious energy and a more resilient model than B2C approaches.
Educating the Market: A significant challenge was educating potential users about Web Three and its benefits. Thibaut learned that needing to educate the market indicated a distance from product-market fit.
Future Vision: In five years, Thibaut envisions Multis as the financial backbone of the Web Three economy, setting the gold standard for Web Three companies looking to build and grow.
Approach to Traction: With around 300 users, including leading companies in the crypto space, Multis has focused on direct sales and building relationships with founders, prioritizing community feedback and engagement to refine their product.

Listen Here

ActionableTakeaways

Put Everything Into One Niche:

The Importance of Timing in Market Entry:

Building B2B Relationships Is Key to Startup Success:

Educate Your Market Strategically:

ConversationHighlights

Most Interesting Points from Our Conversation:

Recommended FounderInterviews

Florian Wimmer

Bryan McCarty

Patricia Montesi

Bob Suh

Fay Scott

Brendan Playford

Nik Talreja

Jonas Overgaard

Rodney Reisdorf

Jessica Zhang

Iris Pfeifer

Daumantas Dvilinskas

Steven Greene

Ron Benegbi

Klas Bäck

Ben Goldin

Yasmin Graeml

Wade Arnold

Ahmad Ibrahim

Jack McDonald

Swapnil Shinde

Laura Kornhauser

Kevin Hart

Matt Bivons

Sohaib Zahid

Helen Chong

Debbie Soon

Arik Shtilman

John Lunn

Kalpesh Kapadia

Colin Luce

Don Muir

Stephany Kirkpatrick

Steve Pomfret

Carmen Li

Tal Shahar

Daniel Grunstein

Halle Kaplan-Allen

Jeremy Almond

Reed Switzer

Olga Chin

Caleb Avery

Nathan Beckord

Magali Chapuis

Daniele Grassi

Dan Beck

Patrick Mollard

Ben Borodach

Fiona Sherwood

Rafael Loureiro

Julio Martínez

Brian King

Omri Mor

Chandini Jain

Eric Velasquez Frenkiel

Steffen Vollert

Felix Rodriguez

Ankit Ratan

Shamir Karkal

Fady Hawatmeh

Scott Dorey

Actionable
Takeaways

Conversation
Highlights

Recommended Founder
Interviews