Making It with Jon Davids 133 - The $50M Man | “We Run With 0 Employees And Make Way More Money” | David Silberman, Co-Founder of Pingpod
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Jun 25, 2024 David Silberman, Co-Founder and CFO of Pingpod, shares his journey of transforming a ping-pong facility into a thriving tech venture. He discusses the innovative, tech-driven approach to make ping pong more accessible and engaging in urban spaces. Silberman highlights the impressive unit economics and the challenges of running a business with zero employees, utilizing cutting-edge technology. Additionally, he dives into the complexities of expanding through franchising and the company's impressive $50 million valuation, offering valuable insights for aspiring entrepreneurs.
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Walking Epiphany Sparks Startup
- David Silberman had the idea for PingPod while walking in New York City in 2019.
- He envisioned a tech-enabled ping pong facility that requires no staff on site all day.
Tech Enables Labor Arbitrage
- Eliminating onsite employees drastically lowers operational costs in recreation business.
- Technology enables safe autonomous access and security, unlocking under-served demand.
Instant Replay Inspired by Customers
- Customers demanded instant replay of their ping pong highlights, leading to development of a user-triggered system.
- Now users can instantly capture and receive high-quality replay videos via email from every table.
