Pillar was founded to help brilliant people pay off their
student debt. The startup is on a mission to make it as easy as
humanly possible for people to achieve financial well-being. Pillar
is starting by helping people reduce their student loan debt, which
is a $1.5T dollar problem that affects over 44M people in the
After reading how Pillar is the easiest and most effective way
for people to manage, pay off, and save money on their student
loans and how the average Pillar user will pay off their loans 4
years faster, I wanted to find out more about the story behind
My curiosity helped me uncover the very personal story of
Michael Bloch. Once an early employee at DoorDash managing $100M in
business at age 24, he founded Pillar after his wife was about to
graduate law school with $300k in student loan debt. After trying
to find the best solution for themselves, they just ended up more
confused, so, Michael dropped out of Stanford Business School to
start Pillar and solve the student loan problem.
Michael went on to leverage emerging technologies such as
machine learning but also ensure that Pillar was simple to use.
Here in 2019, early users have already linked $50M worth of student
loans into the platform.
I wanted to find out more about the startup story behind
Pillar and when Michael's wife was faced with $300k student loans,
he was inspired to build a solution that would go on to backed
by $5.5 million in seed funding led by Kleiner Perkins.
Pillar co-founder and CEO Michael Bloch joins me on my tech
podcast to share his personal startup story.