A Product Market Fit Show | Startup Podcast for Founders He grew to $90M ARR, was about to exit for $1.5B—and then, it all fell apart. | Yanni Giannaros, Co-Founder of Wyre
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Dec 9, 2024 Yanni Giannaros, Co-founder of Wyre, a platform that simplified crypto transactions, shares his incredible journey from nearly selling for $1.5B to facing a market crash. He reminisces about betting Bitcoin while building innovative payment solutions. Yanni reflects on the emotional rollercoaster of entrepreneurship, the necessity of resilience, and the unpredictable nature of startup success. His insights on navigating pivots and the tough lessons learned from nearly achieving a massive exit are compelling for any aspiring founder.
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Superhero Laundry
- Yanni and his co-founder's first startup idea involved dressing as superheroes and providing laundry pickup services.
- This surprisingly successful venture, called "Hero Delivery," resonated with parents whose kids enjoyed seeing superheroes handle their laundry.
Hacker House Hustle
- After the laundry business, Yanni started a hacker house, a shared living space for entrepreneurs.
- This provided income and allowed him to work on projects with his co-founder, highlighting the unique entrepreneurial spirit of San Francisco during that period.
Snapcard's Rise
- Their initial venture, Snapcard, was a browser extension allowing users to buy anything online with Bitcoin.
- Despite a rudimentary interface, it gained traction within the Bitcoin community who valued the ability to use Bitcoin for everyday purchases.