In a compact San Francisco office suite equipped with soldering stations and swipe-testing machines, Coin’s team of seven has been working furiously to perfect the final prototype of an unlimited credit card. No, not one that will let you charge with abandon. Rather, a device as slim as a standard piece of payment plastic that can hold countless credit, debit, and gift cards in its dynamic magnetic stripe.
Kanishk Parashar, the CEO and founder of the Y Combinator-backed startup, embodies the effort-worn entrepreneur. “I got to work out today,” he said, eyeing the limited set of weights in the waterfront suite’s back room, a combination of a hangout and meeting room space adorned with a gigantic television and a beat-up original NES.
It was why he admitted to feeling a bit winded. Running a hardware startup means he doesn’t get much time for anything else. Yet he’s more animated as he glances over to a table lined with what look like flattened Raspberry Pi’s grafted to multicolored business cards. More