5 • 2K Ratings
🗓️ 13 February 2023
⏱️ 23 minutes
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0:00.0 | Hello, and welcome to the exit presented by FlipUp, the world's largest market place to buy and sell online businesses and startups. |
0:07.0 | The exit is a 30-minute podcast featuring amazing entrepreneurs who have been there and they have done it. |
0:12.0 | The exit talks to operators who have bought and sold businesses of all different sizes. |
0:16.0 | You learned how they did it, why they did it, and get exposure to the world of the exits. |
0:20.0 | It's a world occupied by a small few but accessible to many. |
0:24.0 | Now, this is an episode I've been wanting to do for a long time. |
0:27.0 | I sit down with Cyrus Gazenvar. |
0:30.0 | He's a really cool entrepreneur who talks through his experience starting a company called Pilotah. |
0:36.0 | This was started in 2019. |
0:38.0 | They go through 500 startups, the startup accelerator that I'm very familiar with, spent a lot of time at 500 in San Francisco. |
0:46.0 | And we talk about the startup Pilotah that him and his friends started when they were in college and they got some early traction. |
0:56.0 | And this was a piece of technology that would help almost like an insurance for flights. |
1:01.0 | So when something got canceled, a flight could get covered by this insurance policy that would get you rescheduled and re-booked on a different flight in the event that something happened. |
1:12.0 | So really cool product, really great idea. |
1:15.0 | And what happened was the pandemic. |
1:18.0 | And this is something that I really wanted to do an episode on because this walks through just the raw, really deep story behind an aquahire acquisition from a larger company during the midst of the pandemic. |
1:36.0 | I know hundreds of entrepreneurs that I've talked to over the years since the pandemic that similar stories have happened. |
1:45.0 | And I wanted to do this episode really to highlight that, you know, a true, a true founder and a true entrepreneur is going to continue regardless of what happens. |
1:55.0 | And what we go through the story with Pilotah flights really just completely freezing during the pandemic really just shows the ambition and the drive that entrepreneurs like Cyrus have. |
2:11.0 | So he started a new company called Beagle that helps people, you know, solve the inefficiencies of 401Ks. |
2:19.0 | And he's working on that currently, but digging into Pilotah is a really special story. And I know it's going to resonate with dozens, if not hundreds of people that listen to this episode that really got to experience the pandemic full force when they're operating a startup in the midst of just this meltdown globally. |
2:39.0 | So this isn't really one of those big shiny exits per se, but this is a true real story here on the exit, because I want to highlight these types of stories as well for entrepreneurs everywhere that experiences. |
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