Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Arto Minasyan

๐Ÿ‘ค Speaker
144 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

How big you can get in the next 5-10 years, right?

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

And we even have a value in our company called growth.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So you need to grow as a company, as an individual and as a team.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

And it has many different levels.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

At the product level, I think we made a very right decision back then to build our technology on device.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So all our tech back then was running on device, which gave us a huge advantage, right?

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

Because we basically didn't have any post on GPUs, on servers and so on.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So our gross margin was 97% or something back then, which allowed to do only the distribution without the scaling cost.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

The second was how you scale the team.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So we got this early traction, we raised some amount of money in Series A. So we had the money and the traction, so we decided to scale the team.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

But I think we were not ready to scale the team that quickly, so we made several mistakes by hiring too many people in a very short amount of time.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

It was like 2021, 2022, and everyone was super excited about it.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

Like it was, I don't know, golden rice or everyone trying to find the best people to hire.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

Then we realized that the companies need to be de-scaled in order to succeed.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So we made a tough decision back then just to de-scale the company, focus on what we had right at that moment.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

And then after we felt enough strong, we again started to think about scaling the team, scaling the go-to-market motion and so on.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

But I think the most important thing in any startup is not about product scaling or team scaling, but about how you scale the distribution.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

How you get more users, more customers, how you grow your revenue.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

If you manage to do so in an effective way with a winning formula, then you can always attract the best people and capital to grow the other parts of the business.

Code Story: Insights from Startup Tech Leaders
S12 E4: Arto Minasyan, Krisp.ai

So all our attention three years ago was on the product and technology.