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Eran Galperin

👤 Person
152 total appearances

Appearances Over Time

Podcast Appearances

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

It's surprisingly a large feeling of relief. It was the end of a very grueling, even though not long, maybe in comparative terms, but for me, long process of three months where basically every day I doubted that this would actually end up well. And many times, as sort of a psychological trick, I would kind of let myself feel, so what if it falls apart? It's all good.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

It's surprisingly a large feeling of relief. It was the end of a very grueling, even though not long, maybe in comparative terms, but for me, long process of three months where basically every day I doubted that this would actually end up well. And many times, as sort of a psychological trick, I would kind of let myself feel, so what if it falls apart? It's all good.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And when the money actually hit the bank account, actually, it happened very fast. We closed the deal on a Friday, 30 minutes before the wire cut off time. And the funds were in the bank account the same day. I did not expect that before the weekend. And I'm just like, I guess it's over. I guess it's done. I can have a real night's sleep today and maybe the entire weekend.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And when the money actually hit the bank account, actually, it happened very fast. We closed the deal on a Friday, 30 minutes before the wire cut off time. And the funds were in the bank account the same day. I did not expect that before the weekend. And I'm just like, I guess it's over. I guess it's done. I can have a real night's sleep today and maybe the entire weekend.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And I literally slept like 14 hours a day for the entire weekend. That made me just a massive feeling of relief. Like all this weight just washed down.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And I literally slept like 14 hours a day for the entire weekend. That made me just a massive feeling of relief. Like all this weight just washed down.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

It's kind of a mix of both. So I didn't really have an idea for things to buy, but I already had in my head a financial plan of how I'm going to deploy this. I'm a proponent of the FHIR methodology, if you heard of it. Financial independence retire early, and it basically revolves around investing in fund indexes that return a very stable amount every year.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

It's kind of a mix of both. So I didn't really have an idea for things to buy, but I already had in my head a financial plan of how I'm going to deploy this. I'm a proponent of the FHIR methodology, if you heard of it. Financial independence retire early, and it basically revolves around investing in fund indexes that return a very stable amount every year.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And with this amount of money, I'm basically set for life if I follow this approach. So I knew I was going to do that. I ended up upgrading my car to basically the same model, but newer and higher trim. because I really like that car. And now we're in the process of, we bought a piece of land here in Tokyo where I live, and we're building a house on it. So that's super exciting.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

And with this amount of money, I'm basically set for life if I follow this approach. So I knew I was going to do that. I ended up upgrading my car to basically the same model, but newer and higher trim. because I really like that car. And now we're in the process of, we bought a piece of land here in Tokyo where I live, and we're building a house on it. So that's super exciting.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Not something that I actually planned, but like a month after the sale was completed, it's like, you know what, we should start looking into it. And we're now in the process. Yeah, those are the major things.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Not something that I actually planned, but like a month after the sale was completed, it's like, you know what, we should start looking into it. And we're now in the process. Yeah, those are the major things.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

So now I have an Audi RS3 for people who are into that kind of stuff. It's a nice car. It's still compact, which fits with the very narrow streets of Tokyo. But it's just a slight upgrade from the previous car, which was an S3. Basically exactly the same car on the inside, but a small upgrade that I felt like was well-deserved.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

So now I have an Audi RS3 for people who are into that kind of stuff. It's a nice car. It's still compact, which fits with the very narrow streets of Tokyo. But it's just a slight upgrade from the previous car, which was an S3. Basically exactly the same car on the inside, but a small upgrade that I felt like was well-deserved.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Yeah, so our investor is a private equity firm, and they did a majority acquisition of the company. They bought the majority stake of the company. I'm left with a minority stake in it, and some of the funds are going to be used to grow the company. The majority of it is for them to acquire the controlling stake of the company, and this is what the amount that is on the public statement is for.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Yeah, so our investor is a private equity firm, and they did a majority acquisition of the company. They bought the majority stake of the company. I'm left with a minority stake in it, and some of the funds are going to be used to grow the company. The majority of it is for them to acquire the controlling stake of the company, and this is what the amount that is on the public statement is for.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Most of our customers just refer to us as MA on Rails or just MAOR for some reason. I hated that acronym, but a lot of them used it and I just ran with it. So yeah, at the time, I just winded down a previous company, a VC-backed company called BinPress that raised a seed round and just didn't grow enough to raise another round. And I was kind of burnt out on the VC model.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

Most of our customers just refer to us as MA on Rails or just MAOR for some reason. I hated that acronym, but a lot of them used it and I just ran with it. So yeah, at the time, I just winded down a previous company, a VC-backed company called BinPress that raised a seed round and just didn't grow enough to raise another round. And I was kind of burnt out on the VC model.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

I felt that company had potential But because it didn't fit the VC timeline, it had to shut down. So I wanted to go in a different direction. Me and my co-founder kind of split paths. He moved to the dark side and became a VC partner. And I started a bootstrap company back then that was called Martial Arts on Rails.

Startups For the Rest of Us
Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit

I felt that company had potential But because it didn't fit the VC timeline, it had to shut down. So I wanted to go in a different direction. Me and my co-founder kind of split paths. He moved to the dark side and became a VC partner. And I started a bootstrap company back then that was called Martial Arts on Rails.

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