Traction cover image

Traction

Loom’s Growth Journey From Nearly Broke to 14 Million Users & $1.5 Billion Valuation with Vinay Hiremath

Apr 5, 2023
01:08:15

Loom’s Co-Founder and CTO, Vinay Hiremath, joins us to share learnings from the highs and lows of his startup’s hypergrowth journey, going from maxing out his credit cards and being inches away from closing the company’s doors to having over 14 million users and a $1.5 billion valuation.



Specifically, Vinay covers:



– Coming up with the idea and finding co-founders.


– Managing the chaos of pivots to product-market fit and escape velocity.


– Tactics for driving customer acquisition and growth – how Loom got to 14 million users.


– Whom to hire and how to build a team from the early stages through hypergrowth and scale.


– Lessons from raising money from top investors like Sequoia, Andreessen Horowitz and Kleiner Perkins.


– Highs and lows of entrepreneurship and top things to do to prepare for peak mental performance.



Learn more at https://tractionconf.io



Learn more about Loom at https://www.loom.com/



This episode is brought to you by:



In a digital world, customers demand more, especially from support. Intercom enables businesses to connect with their customers at exactly the right moment using powerful messaging and automation. This enables customer service teams to scale without additional investment while still providing efficient and personal customer experiences. Welcome to a whole new way to support your customers. Eligible startups get advanced Intercom features at a 95% discount. Visit https://Intercom.com/traction



Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses. But the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process, enabling companies to get more money faster without the paperwork and audit risk. We don’t get paid until you do! Find out if you qualify today at https://Boast.AI



Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6,000 entrepreneurs from over 100 countries, of which 300 have grown their startups to seed and Series A stage and raised over $2 billion in funding. To learn more about Launch's programs or the Canadian Startup Visa, visit https://LaunchAcademy.ca



Content Allies helps B2B companies build revenue-generating podcasts. We recommend them to any B2B company that is looking to launch or streamline its podcast production. Learn more at https://contentallies.com


#product #innovation #fundraising #startup #growth


Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode