After being laid off, this 35-year-old founded NerdWallet with $800 — now it’s worth $500 million | CNBC


Today, Tim Chen is CEO and co-founder of personal finance website NerdWallet, which sees 10 million monthly visitors and is valued at more than $500 million.

But in 2008, like so many others during the financial crisis, Chen found himself unemployed.

After spending four years working at hedge funds like Perry Capital and JAT Capital Management, he found out “basically on Christmas Day,” that he was being laid off, Chen tells CNBC Make It.

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