Intuit Not Out to Change Mint Says Founder

Scott Cook from Intuit here. OK, I’m about to date myself. Long ago (27 years ago in fact), I watched my wife complain about paying the bills. That gave me an idea. And that idea became Quicken. Check with your parents – they might use it. Maybe even your grandparents.

But probably not you. For many of you, Quicken is a 20th century product in a 21st century world. It’s like the car your parents had growing up. So you turned to Mint.com. Because it wasn’t Quicken.

Mint brings a fresh, unique approach to managing money, creating new ways to help you save or get out of debt. I so admire what Aaron and the team have done and how they have done it. I can recognize great innovators and innovation when I see it.

As you know, Intuit has entered into an agreement to buy Mint. Over the past few days, I’ve read your posts and comments. I understand your concerns about what will happen to Mint in the future.

So let me set the record straight: Mint.com isn’t changing. It is remaining free. Following the close of the acquisition, Aaron Patzer and the Mint team will remain in charge of Mint.com to continue both its principles and its fast pace of progress.

We’re not planning to change Mint.com and make it like Quicken. Quite the opposite. Aaron and team will also run Quicken and Quicken.com to ensure this doesn’t happen. Plus they will benefit from this larger pool of resources. I want Mint thinking to infuse Quicken.

On a personal level, Mint’s leaders have earned the chance to re-invent all of personal finance on the broadest canvas possible. I will give them that chance. Will you?

I hope you’ll be part of it.

Scott Cook
Founder, Intuit