4.6 • 13.2K Ratings
🗓️ 9 September 2022
⏱️ 14 minutes
🧾️ Download transcript
In this moment, Classpass founder Payal Kadakia takes us inside the mental dilemmas and burdens of running a billion dollar business. Because when you’ve built a global company from nothing, no matter how big it gets you always remember when it was small, vulnerable, and struggling. You’ll always see the tiny company it used to be, not the behemoth it’s become.
Payal freely admits to paying a heavy price of being too wary of this fear. She missed birthdays, lost friends, and severely effected her mental health. It took a lot of maturing and growing for Payal to achieve balance, balance between her work life and her home life, but also balance between what she wanted, and what she knew she needed.
Full Episode - https://g2ul0.app.link/rpvHmKToatb
Payal:
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0:00.0 | And much of the reason I started this podcast was because I wanted to shine a light on |
0:07.5 | the tough times in business. |
0:09.2 | And I know when you're starting a business, especially a business in tech, it can be really, |
0:14.8 | really difficult because you're sort of jockeying and pivoting to find product market fit and |
0:18.9 | to figure out like what your customers want and how to deliver it. |
0:22.1 | And I read that when I was reading about your journey, when you started, you quit your |
0:25.9 | job in 2011 and then you go through a long phase of trying to figure out how to get people |
0:31.5 | to use this thing, how to market it and all that nightmare. |
0:35.2 | Talk to me about that nightmare. |
0:37.2 | So we went into the market with a very clear product idea and it was a replica of what |
0:44.7 | had worked in another industry. |
0:46.4 | So open table, which allows you to book restaurant reservations, it seemed like the right |
0:52.5 | parallel to what we were doing, go on search for classes. |
0:56.5 | But what I didn't realize was that there was a very big missing part in it. |
1:01.0 | I mean, I'll spare everyone like the little details of it, but everyone has to eat, everyone |
1:04.8 | does not have to work out, right? |
1:06.8 | It was and working out usually is something scary for people and it's more of an aspirational |
1:12.3 | thing. |
1:13.3 | It's not something that you have to do every single day. |
1:15.4 | So there were sort of on different planes of people's psychology, which really became |
1:19.4 | the biggest bottleneck to what ended up happening because we spent a year, we spent half million |
1:25.7 | dollars building a product that didn't work. |
... |
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