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Tom Digan

đŸ‘€ Speaker
322 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

was that all of the innovation in the space was focused on the casual fitness consumer.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

We were noticing that it was all very cardio based.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And we saw that this fitness enthusiast customer was really being ignored, strength training in particular.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

There was no one selling strength training solutions.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And we got excited that there was this fitness enthusiast customer that was already working out that had a huge pain point around just planning their workouts daily.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And we got excited that

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

This is something that we can solve with software.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

So we find ourselves in Austin, Texas.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And by the time I get down there, I realized startups are really hard and it didn't quite look like what I had been hearing on your podcast as far as the iterating and the learning.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And it was hard.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

It was messy.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

We were kind of out of money the whole time.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

We didn't have...

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

really any customers to speak of.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

There was no signs of product market fit at that point.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

Fortunately, this is where Greg answers the picture.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

So Greg and I went to Notre Dame, we should disclose all three of us were classmates at Notre Dame.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

Greg and I reconnected in Austin, Texas.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

He had left banking and has now been building startups for a period of time.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

It was very obvious that he had this small team that believed in him very much.