Mackenzie Burnett

CEO and Co-founder, Ambrook · Person

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Mackenzie Burnett — CEO and Co-founder, Ambrook. Tracked across 19 mentions in podcasts and expert conversations analyzed by Sonic.

What Mackenzie Burnett has said

Dylan Field, CEO of Figma, recently led a significant investment round in Ambrook.

bullish·Mackenzie Burnett

Mackenzie Burnett suggests that stablecoins are an interesting technology for Stripe because their permissionless nature could help transcend the constraints of the traditional financial system.

bullish·Mackenzie Burnett

Farms that use NetSuite for their financial management typically have annual revenues greater than $5 million.

neutral·Mackenzie Burnett

Dylan Field, CEO of Figma, recently led a significant investment round in Ambrook.

Official sourceMackenzie BurnettMay 10

Mackenzie Burnett suggests that stablecoins are an interesting technology for Stripe because their permissionless nature could help transcend the constraints of the traditional financial system.

SpeculativeMackenzie BurnettMay 10

Farms that use NetSuite for their financial management typically have annual revenues greater than $5 million.

Expert perspectiveMackenzie BurnettMay 10

In U.S. agriculture, 90% of payments are still conducted via paper check because digital payment options can be too expensive for many producers.

Expert perspectiveMackenzie BurnettMay 10

Ambrook built its application on React Native, which allowed the company to achieve cross-platform mobile support without hiring dedicated full-time mobile engineers.

Official sourceMackenzie BurnettMay 10

Ambrook is building its instant and free payment capabilities by leveraging the Stripe Treasury Network.

Official sourceMackenzie BurnettMay 10

Mackenzie Burnett believes that open banking mandates in the U.S. would be highly beneficial for Ambrook's customers by enabling reliable, structured access to their own financial data.

Expert perspectiveMackenzie BurnettMay 10

Ambrook's financial management software, which bundles accounting, payments, and banking, is built on Stripe's infrastructure.

Official sourceMackenzie BurnettMay 10

Ambrook's primary target market consists of farms with annual revenues between $250,000 and $5 million.

Official sourceMackenzie BurnettMay 10

Carbon credit programs represent a relatively small part of the U.S. agriculture economy, despite significant public awareness.

Expert perspectiveMackenzie BurnettMay 10

Carbon credit programs typically require farmers to maintain specific behaviors for approximately 10 years and include clawback provisions for non-compliance.

Expert perspectiveMackenzie BurnettMay 10

Ambrook made an early strategic decision not to offer subsidized financial products to acquire customers, which resulted in slower initial growth.

Official sourceMackenzie BurnettMay 10

Thrive Capital, led by Josh Kushner, was a significant early investor in Ambrook.

Official sourceMackenzie BurnettMay 10

Tightening immigration policies in the U.S. are leading to a reduction in the available labor force for farms.

Expert perspectiveMackenzie BurnettMay 10

Out of approximately 1.8 million farms in the U.S., only about 10,000 generate more than $5 million in annual sales.

Expert perspectiveMackenzie BurnettMay 10

For farmers to adopt sustainability programs like carbon credits, the programs must demonstrate a potential payback of 3-4 times their cost.

Expert perspectiveMackenzie BurnettMay 10

Approximately one-third of Ambrook's customers use the mobile application exclusively for all their bookkeeping and accounting tasks.

Official sourceMackenzie BurnettMay 10

Ambrook's software includes built-in Financial Planning & Analysis (FP&A) capabilities, unlike QuickBooks which often requires third-party tools.

Official sourceMackenzie BurnettMay 10

Ambrook positions its product for businesses that have outgrown QuickBooks but are not large enough to implement complex ERP systems like Sage or NetSuite.

Official sourceMackenzie BurnettMay 10

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