Ritu Narayan (Zūm) - Sustaining a Startup's Growth
Entrepreneurial Thought Leaders (ETL)
Stanford eCorner
4.5 • 740 Ratings
🗓️ 24 April 2019
⏱️ 42 minutes
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Summary
Ritu Narayan founded Zūm in 2014 to solve a problem that working parents (herself included) face every day: transporting and caring for children before and after school. She describes her journey from the Delhi Institute of Technology to Silicon Valley and unpacks three factors that catalyze sustained growth: passion, perseverance and people.
Transcript
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| 0:00.0 | Who you are defines how you build. |
| 0:06.7 | This is the Entrepreneurial Thought Leaders series. |
| 0:10.6 | Brought to you by Stanford E. Corner. |
| 0:16.5 | On this episode, we have Retune, Orion, founder and CEO of Zoom, a rapidly growing ride and care company for children. |
| 0:25.3 | Prior to founding Zoom, Ritu was in senior product management roles at Oracle, Yahoo, and eBay. |
| 0:31.7 | Here's Ritu. |
| 0:41.8 | I'm the founder and CEO of Zoom, a company I founded four years back. |
| 0:44.0 | Actually, a quick walk from here, right there in GSP. |
| 0:47.8 | And the idea of the Zoom was refined right here |
| 0:51.9 | in engineering school as part of E245 Lean Launchpad. |
| 0:55.0 | So excited to be back at engineering school and sharing my journey with you. |
| 1:00.0 | Zoom is an idea. |
| 1:02.0 | We are solving a universal parenting challenge. |
| 1:06.0 | How to take your kid safely and reliably from one place to another. how to transport them and take care of them at the same time. |
| 1:15.6 | We have built a platform for schools and parents where we provide any size of the asset to them and a certified and vetted drivers when they need it and where they need it. |
| 1:28.3 | Just to give you an idea of how big this problem is, there are 63 million families in US |
| 1:35.3 | who face this problem every single day. |
| 1:38.3 | And 10 million women in US have already left job to take care of their children. Schools annually spend $35 billion |
| 1:48.0 | on very suboptimal school transportation system |
| 1:52.0 | where kids end up spending 60 to 90 minutes on a bus trip each time. |
| 1:58.0 | So it's a very large problem. In past 24 months, we have grown 10 |
| 2:04.6 | times in terms of revenue. We have grown our teams by 12 times, and we have been fortunate enough |
... |
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