How Abdul Al-Asaad of Basic Capital is Building a New 401(k) (Just Go Grind, Episode #363)

Episode 363: Justin Gordon interviews Abdul Al-Assad, co-founder and CEO of Basic Capital, about how he created the startup solution to finance investments and close the American ownership gap.  Check out Basic Capital. Watch this episode and others on YouTube. --- This episode is brought to you by Rho. With Rho, founders get: A single pane of glass they can use to run and scale their business from Day 1: Bank account, corporate cards to start running – and expense management, bill pay automation, and accounting to help you move fast as you scale. Rho is trusted by thousands of companies ranging from two-person YC companies to brands like Perplexity, Cal.com, Splitwise and more. The big thing with Rho: Every customer has a "person" at Rho. 24/7 customer support - phone, text, email - we will be there at every critical milestone in your startup's journey. To learn why startups choose Rho, visit www.rho.co today. --- Show Notes: 00:00 What's coming in the episode… 00:48 Introduction 02:18 Basic Capital's origin 06:51 Abdul's background 09:41 Hustling for Basic Capital and raising from billionaire Bill Ackman 16:55 The solution to a vicious cycle 24:00 Early days of Basic Capital 30:19 Raising capital 36:11 The logic behind Basic Capital 40:25 The vision for Basic Capital 43:34 Get involved in Basic Capital --- Connect with Justin:  Twitter: https://x.com/justingordon212 Instagram: https://www.instagram.com/justingordon8/ LinkedIn: <a href= "https://www.linkedin.com/in/just