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- The Accelerator Conundrum
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jan bednar
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 6)
Sramana Mitra: You think the unemployment pay from the government is preventing people from looking for jobs? Jan Bednar: 100%. People told us that on the phone. We called people from our database. Their mentality is, “Why would I work if I can make more money not working and I’m safe?” It’s a tough argument.
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 5)
Sramana Mitra: Where in California did you open? Jan Bednar: In Redlands. It’s a DisneyLand warehouse. We were hiring new people and trying to keep the culture. It was a lot of fun. The first couple of years was really tough. Then in 2018, we went from $11 million to $28 million. We moved to
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 4)
Sramana Mitra: Shopify has done one of the most aggressive and successful PaaS strategies where they have invited developers to develop and extend their platform. Did you take advantage of that with your software? Did you integrate with the Shopify platform? Was the Shopify marketplace a good source of leads for you? Jan Bednar: That
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 3)
Sramana Mitra: Did you choose the first few customers by some threshold? Were they doing a certain amount of business already? Jan Bednar: It was almost the opposite. They were companies that nobody wanted to do business with. A lot of the fulfillment companies in 2015 didn’t want to work with small startups because they
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 2)
Sramana Mitra: You had a bit of cash that you could start ShipMonk with. You didn’t need to look outside for seed capital. Jan Bednar: Exactly. I already had one year for free on the warehouse. Everything else was set up within the warehouse. I was doing a lot of it myself along with my
Capital Efficient Startup, Venture-Scale Growth: ShipMonk CEO Jan Bednar (Part 1)
Jan has built a tremendous company with very limited capital infusion. Love the strategy. Sramana Mitra: Where are you from? Where were you born, raised and in what kind of family background?
