4.4 • 637 Ratings
🗓️ 7 September 2018
⏱️ 30 minutes
🧾️ Download transcript
Andrew Farah is the Founder & CEO @ Density, the startup that measures real-time occupancy of every room in your office. To date, they have raised over $16m in funding from some great friends of the show in the form of Founders Fund, Mark Suster @ Upfront, Ludlow Ventures, Jason Calacanis, Hiten Shah and Arjun Sethi, just to name a few. As for Andrew, prior to founding Density, he was a Managing Partner @ Rounded, a software development agency & product studio. There, Andrew and the team built the first Density prototype.
In The Show Today:
1.) How Andrew made his way into the world of technology and product with Rounded and came to found the people counter of the next generation in Density?
2.) How does Andrew view the role of super-connectors today? What specific time has a super-connector really moved the needle for Andreq and changed the trajectory of Density? What can one do to first build relationships with these people? What can be done to sustain that relationship and really engage and deepen it?
3.) How does Andrew view the importance of "employee retention" in the ultimate success of a company? Density have never had an employee leave in 4 years, what does Andrew believe they have done right? What has not worked for them? What does he mean when he says, "the best leaders answer employees questions before they are asked"?
4.) What has Andrew found to be the commonalities in the truly special VCs? What do they do that makes them so special? How do they view the world and the assessment of companies that is so right? How does Andrew think about investor selection? Where does Andrew see many founders going wrong with this?
5.) Why does Andrew think that so many hardware startups fail today? What do they consistently underestimate and not understand? What are the core challenges in building a global supply chain? How does one have to think about cost of goods (COG) and unit economics when scaling hardware startups?
Items Mentioned In Today’s Show:
Andrew’s Fave Book: The Idea Factory: Bell Labs and the Great Age of American Innovation
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0:00.0 | Hello and welcome back to the 20 minute VC with your host Harry Stebbings. It would be awesome to see you |
0:04.4 | behind the scenes on Instagram at H. Stebbings, 1996 with two Bs, where you can both suggest questions |
0:10.3 | and guests with future episodes and tell me all the things you both love and hate about the show. |
0:15.1 | However, for our episode today, and this is one where I really wish I'd been investing when they |
0:18.9 | were raising their early rounds. Such an exciting opportunity. |
0:21.9 | And I'm very excited to welcome Andrew Farrah, found and CEO at Density. |
0:25.9 | The startup that measures real-time occupancy of every room in your office, |
0:29.5 | and to date they've raised over $16 million in funding from some great friends of the show |
0:33.8 | in the form of Founders Fund, Mark Suster at Upfront, Ludlow Ventures, Jason Kalakanis, |
0:38.9 | Heaton Shah, and Arjun Sethi, just to name a few. As for Andrew, prior to founding density, |
0:43.5 | he was a managing partner at Rounded, a software development agency and product studio, and there, |
0:48.5 | Andrew and the team built the first density prototype, and I'd also want to say a huge thank |
0:52.5 | to Trey Stevens at Founders Fund for the intro to Andrews today. I really am so grateful for that, Tray. However, before we welcome |
0:58.4 | Andrew to the hot seat, thanks to my friends at WePay, let me introduce you to another very cool |
1:02.6 | player in the space we love, InfusionSoft. Infusionsoft is the all-in-one CRM, sales and marketing software platform for small businesses. More than 30,000 SMBs trust InfusionSoft |
1:13.4 | to close more deals, helping at all stages of the customer journey from lead capture to nurture |
1:18.1 | and retention automations to online sales and payments to analytics, all with a worldwide |
1:22.7 | community of experts dedicated to user success, and you can learn more at infusionsoft.com. And to learn how you can |
1:28.7 | grow your revenue with integrated payments like Infusionsoft did, visit wepay.com forward slash Harry. |
1:34.2 | And we pay's got this fantastic case study on how another platform, TeamSnap, is working with |
1:38.7 | we pay to make payments its number one revenue stream more than its subscription business. Again, |
1:43.2 | that's wepay.com forward |
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