Secret Leaders

They had two weeks of runway left and are now worth $1.5b - Loom Co-Founder and CTO Vinay Hiremath


Listen Later

Growing a company to 14 million users and a valuation of $1.5 billion should be cause for celebration, but, like so many founders, for Vinay Hiremath, Co-Founder and CTO of Loom, it’s difficult to enjoy your successes. In fact it’s the failures that tend to stick with you.

Loom, a video communication tool for businesses, wouldn’t be here today if Vinay and his Co-Founders hadn’t had their ‘sliding doors’ moment which revealed what they should be building right before they were going to have to give up. 

“Half the battle is figuring out what the fuck the problem even is, right? What pain points do people actually have? As you're pivoting, you end up finding something that works, and maybe it doesn't line up with your hypothesis perfectly, and usually it doesn't make any sense. And if you see traction, that's the point where you hop on and say, Okay, I'm here for the ride.”

And what a ride it’s been. Most founders would be ecstatic if they hit one macroeconomic trend - Loom hit four or five, back to back. But the problem with phenomenal growth is the human cost: the toll it’s taken on the team, on the engineers, on Vinay’s mental health. Is it worth it? 

“Every year or two years, you're faced with some situation where you're like, is this worth it? Like, am I the right person? I wish I could say that it gets easier. But for me, it really hasn't.”

--

Sponsors

Vorboss - get better internet: https://vorboss.com/secretleaders

Vanta - get 20% off security certifications like ISO27001 and SOC2: https://vanta.com/secretleaders

Vertice - save on your SaaS or cloud spend ($5k off or a free benchmark) using the code secretleaders: https://www.vertice.one/l/secretleaders

--

Newsletter

Sign up here: https://secretleaders.email/

You can find our historic newsletters here: https://www.secretleaders.com/episodes

...more
View all episodesView all episodes
Download on the App Store

Secret LeadersBy Leaders Media

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

20 ratings


More shows like Secret Leaders

View all
Disruptors by Rob Moore

Disruptors

114 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

63 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,500 Listeners

The Money Podcast by Rob Moore

The Money Podcast

22 Listeners

The Entrepreneur Experiment by Gary Fox

The Entrepreneur Experiment

13 Listeners

James Sinclair's Business Broadcast by James Sinclair

James Sinclair's Business Broadcast

4 Listeners

The High Performance Podcast by High Performance

The High Performance Podcast

614 Listeners

Dodge Woodall by Eventful Studios

Dodge Woodall

56 Listeners

HUNGRY. by Dan Pope

HUNGRY.

5 Listeners

Simon Says by Simon Squibb

Simon Says

15 Listeners

Bad Money by Kindling Media & Vespucci

Bad Money

22 Listeners

Big Fish with Spencer Matthews by Global

Big Fish with Spencer Matthews

51 Listeners

Great Company with Jamie Laing by Jampot Productions

Great Company with Jamie Laing

281 Listeners

Business of Sport by Charlie and Harry Stebbings

Business of Sport

13 Listeners

UNTAPPED by High Performance

UNTAPPED

36 Listeners

The Room Where It Happened by High Performance

The Room Where It Happened

3 Listeners