10/27/2021
On September 16, 2021 I delivered a rousing Keynote for AvidXchange, Inc. REVxX2021, an in-person/virtual hybrid event with 400 attendees. One month later, on October 13, 2021, AvidXchange launched their IPO on the Nasdaq and now enjoys a $4.4 billion market cap.
Coincidence?? Unfortunately, I'm not at liberty to say…
What I CAN tell you though, is what makes AvidXchange such a great company. Quite simply, it's in the name…
* Avid - showing a keen interest or enthusiasm.
* eXchange - giving one thing and getting another. We tend to exchange something we have for something we want more. Something of greater value.
So here you have a (now public) payments processing company, providing value to their clients through exchanging paper for electronic payments, that defines themselves not simply by the profitability of their technology, but more importantly, by the enthusiasm of their work force. When your teammates and coworkers are, quite literally, avid about what they do and how they work together to help others, success and growth are sure to follow. AvidXchange has learned that lesson 4.4 billion times over.
Thank you to CEO Michael Praeger and Senior Director, Chris Elmore for making me a part of your event and congratulations to all the AvidXers I met during my time on campus, for your amazing achievement!