The market for cars in 2021 has been one of the most pandemic-affected markets. The supply of both new and used cars has never been tighter and our guest today is seeing it from all sides. Dan Park is the CEO of Clutch, Canada's first and largest online car retailer. We talk to Dan about the automotive industry, his path to becoming CEO, and about his plans for the $60M he recently raised from Canaan Partners, FJ Labs, and Real Ventures.

About Dan Park:Dan is CEO of Clutch, an online platform for car buying and ownership. Prior to Clutch, Dan was GM & Head of Uber Eats Canada. During his time at Uber, Dan led the growth of Uber's food delivery platform in Canada. Previously, Dan was a Venture Partner at Azure Capital Partners and led the firm’s Canadian investment efforts.

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In this episode we discuss:

02:44 How the auto industry is evolving and why now is a great time for disruption

04:56 The effect of the pandemic on modernizing the automotive industry and how its effected supply and demand for cars

07:39 How consumer behavior during the pandemic pushed forward app adoption

09:18 What the enduring lessons from the pandemic will be for the automotive industry

10:30 Why the dealership model is ready for disruption

11:42 How established players in the industry are fighting back against being disrupted from outsiders

13:18 Breaking down the existing legal structures between dealerships and automotive brands

16:16 How Clutch is using their data to analyze the aftermarket and used car market

18:59 Why Clutch is a better way to buy a used car

20:43 Real-world lessons Dan and his team have had to make while building Clutch

22:06 How Clutch has captured market share

23:18 How Dan defines Clutch’s company culture

24:26 Why Dan left Uber Eats to become the CEO of Clutch

26:46 Plans for Clutch’s recent $60M raise

Fast Favorites:

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