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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

I wanted to combine my hobby of many years, which was training in Brazilian jiu-jitsu, nine years at the time, with my professional skills in software development. I did a lot of market research. Initially, I kind of tried avoiding going into the vertical we ended up going in, which is business management software. Because there's some very entrenched players in this space.

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

I wanted to combine my hobby of many years, which was training in Brazilian jiu-jitsu, nine years at the time, with my professional skills in software development. I did a lot of market research. Initially, I kind of tried avoiding going into the vertical we ended up going in, which is business management software. Because there's some very entrenched players in this space.

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

Now I know that that's actually an advantage. They do a lot of the customer education for us. There's obviously a lot of potential revenue to be had because they're so big. But back then it looked very intimidating. Eventually, I did decide to go that route just because everybody I talked to in this space said the current incumbents were just so awful.

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

Now I know that that's actually an advantage. They do a lot of the customer education for us. There's obviously a lot of potential revenue to be had because they're so big. But back then it looked very intimidating. Eventually, I did decide to go that route just because everybody I talked to in this space said the current incumbents were just so awful.

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

So I don't want to name any names, but anybody in this space knows exactly who they are. And I felt with my experience in user experience and software development, I could bring something better to the market. We launched in 2016, and me being a technical founder in every stop previously, I was the CTO or some kind of engineering leader.

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

So I don't want to name any names, but anybody in this space knows exactly who they are. And I felt with my experience in user experience and software development, I could bring something better to the market. We launched in 2016, and me being a technical founder in every stop previously, I was the CTO or some kind of engineering leader.

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

I quickly realized that I had zero idea on how to acquire customers. And so began this kind of slow trial from zero to a livable wage over the course of three and a half years, during which I got a full-time job as initially a software engineer and eventually a CTO of an e-commerce company in LA. And only in 2019, I started working full time on the business.

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

I quickly realized that I had zero idea on how to acquire customers. And so began this kind of slow trial from zero to a livable wage over the course of three and a half years, during which I got a full-time job as initially a software engineer and eventually a CTO of an e-commerce company in LA. And only in 2019, I started working full time on the business.

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

It was actually, it didn't feel quick to me. The last couple of years kind of went in a blur when we were growing pretty fast every year. But the first five were a slog for sure. Yeah.

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

It was actually, it didn't feel quick to me. The last couple of years kind of went in a blur when we were growing pretty fast every year. But the first five were a slog for sure. Yeah.

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

Yeah, I was around 35K. And by the time the program started, already 40. And I remember having chats with some of the founders and the meetup we had in Arizona. And they're like, you're at 40K. Why did you join TinySeed? And I had a different calculation than them in my mind because I had the same kind of dilemma when I was thinking about applying. It's like, we're doing pretty well.

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

Yeah, I was around 35K. And by the time the program started, already 40. And I remember having chats with some of the founders and the meetup we had in Arizona. And they're like, you're at 40K. Why did you join TinySeed? And I had a different calculation than them in my mind because I had the same kind of dilemma when I was thinking about applying. It's like, we're doing pretty well.

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

What can I get from TinySeed that I can't get by myself? And the framework that I use is if TinySeed helps increase the value of the company by more than the equity that they take, which was 10%, then it's worth it. And it ended up being... way worth it.

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

What can I get from TinySeed that I can't get by myself? And the framework that I use is if TinySeed helps increase the value of the company by more than the equity that they take, which was 10%, then it's worth it. And it ended up being... way worth it.

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

So I think in that regard, it doesn't matter that we were at 35 because we came in from maybe different reasons than some of the other companies in the batch.

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

So I think in that regard, it doesn't matter that we were at 35 because we came in from maybe different reasons than some of the other companies in the batch.

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

A lot of it, well, it started with me following your content and startups for the rest of us, right? You know, I've talked to many investors. And I can tell when somebody actually knows what they're talking about. They're not just repeating stuff they read on somebody else's blog, listened to on a podcast. which is the case with a lot of the investors that I see.

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

A lot of it, well, it started with me following your content and startups for the rest of us, right? You know, I've talked to many investors. And I can tell when somebody actually knows what they're talking about. They're not just repeating stuff they read on somebody else's blog, listened to on a podcast. which is the case with a lot of the investors that I see.

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

And I was coming in to get that kind of advice one-on-one. This is my first company that I'm building Bootstrap. First company that I got to a certain scale that I haven't been able to at previous companies. And I'm going into a lot of uncharted territory. I remember that we had pricing realignment engagement together. Me and you sat together and talked it over.

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

And I was coming in to get that kind of advice one-on-one. This is my first company that I'm building Bootstrap. First company that I got to a certain scale that I haven't been able to at previous companies. And I'm going into a lot of uncharted territory. I remember that we had pricing realignment engagement together. Me and you sat together and talked it over.