Qasar Younis, Founder and CEO of Applied Intuition, shares insights on building successful businesses and why creating customer-oriented company cultures is crucial. He discusses his journey from mechanical engineer to entrepreneur, failures and lessons learned, Y Combinator, analyzing the retail market for TalkBin, and the importance of customer-centric cultures in dismantling engineering-oriented mindsets.
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Quick takeaways
Resilience from adversity in hiring fosters team success by handling challenges positively.
Combining technical skills with business education enhances leadership and entrepreneurial abilities.
Market understanding is paramount in startups, aligning products with demand ensures sustainable growth.
Deep dives
Prioritizing Adversity in Hiring
Hiring individuals who have faced adversity is valued as they possess resilience making them better equipped to handle challenges, enabling them to persist through difficult situations. This quality allows them to handle rejection or feedback constructively, vital in building successful teams.
Value of Diverse Skill Sets
Obtaining a diverse skill set through experiences such as business education complements technical expertise, enhancing one's ability as a leader and entrepreneur. Integrating technical and non-technical knowledge cultivates a comprehensive understanding of products, business strategies, and financial aspects crucial for successful ventures.
Market-centered Approach to Success
Emphasizing the importance of market understanding over technical prowess, success in startups hinges on aligning products with market demand. Market risk surpasses technical, team, and financial risks, underscoring the necessity of catering to customers' needs for sustainable growth and profitability.
Evolution of Self-Driving Technology
The podcast discusses the evolution of self-driving technology and the role of simulation software and infrastructure tools in building autonomous vehicles like robo-taxis, self-driving trucks, and vehicles for various industries. It highlights the differences between Tesla's low-cost autopilot system and Waymo's high-cost, high-definition mapping system, emphasizing the varying approaches in the self-driving industry.
Selling Software to Automotive Manufacturers
The episode explores the dynamics of selling software tools to automotive manufacturers for their self-driving systems. It delves into the significance of OEMs transitioning into technology companies and the importance of providing software solutions tailored for autonomy. Additionally, it touches on the challenges and priorities in the global expansion of the business, focusing on adapting to diverse cultural norms and optimizing recruitment strategies for international offices.
When it comes to building a company from the ground up, Qasar Younis has done it all.
A mechanical engineer by trade and entrepreneur at heart, Qasar transitioned from working on cars to building startups, eventually selling his second business venture TalkBin to Google in 2011. Qasar has also helped fund and advise early-stage companies as a partner at Y Combinator. Now, Qasar is the founder and CEO of Applied Intuition, a company valued at $1.25 billion that develops simulation software that engineers use to create self-driving systems.
In this episode of Go to Market Grit, Joubin and Qasar discuss what patterns Qasar has noticed about go-to-market strategies while working in startups and how he’s built two massively successful businesses.
In this episode, we cover:
Why Qasar decided to enroll in Harvard Business School after working as a mechanical engineer. (4:20)
How one of Qasar’s early startups, Camessa, failed — and what Qasar learned from this failure. (8:50)
What Y Combinator does and how it has grown in scale. (11:11)
How Qasar and others analyzed the retail market and the emergence of new technology to come up with the idea for TalkBin. (12:15)
How Qasar’s “boots-on-the-ground” sales experience helps create a more balanced environment at Applied Intuition and how he learned about developing early sales motions while working at Y Combinator. (15:39)
Qasar’s take on why centering a company around the customer can dismantle engineering-oriented cultures and unite a business around a common goal. (18:58)
The divide between engineers and business people and why leaders need to have a diversity of skills. (21:40)
‘Market risk’: Why cultivating a deep understanding of the market and its demands can make or break a business. (24:43)
Reasons why some businesses fail to listen to its customers. (30:53)
What Qasar’s current business, Applied Intuition, does. (32:15)
The present and future of autonomous cars. (34:21)
How Applied Intuition penetrated the autonomous car market by creating software that manufacturers want. (37:50)
Why Applied Intuition doesn’t only focus on selling to car manufacturers — and how its technology can save a business money. (45:24)
Qasar’s thoughts on how long it will take for autonomous driving features to come standard in cars. (47:52)
The cultural challenges of taking a company international and the importance of focusing on hiring the right people who can carry company values. (49:10)
How Qasar defines grit. (53:22)
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