In the latest episode of the
Grow Your B2B SaaS Podcast
, we interview
Joe Lewin
, founder of
Foundy.com
. Joe shares his insights and experiences as a second-time SaaS entrepreneur. Host
Joran Hofman
leads the conversation, which delves into Joe's journey, the challenges he faced, and the strategies he employed to build a scalable and impactful business.
- Inspiration and Early Goals - Joe Lewin discusses how his university dissertation on Elon Musk inspired his entrepreneurial journey. His current goal with Foundy is to create a highly scalable and automated business with a significant impact.
- Motivation and Enjoyment - Joe emphasizes the importance of enjoying the entrepreneurial process, including solving challenges and creating efficient workflows that lead to happier customers.
- Genesis of Foundy - The idea for Foundy was born out of the frustrations Joe experienced while selling his first company. He aimed to streamline this process and create a more efficient deal management tool.
- Entrepreneurial Naivety and Humility - Joe highlights the balance between optimism about potential success and staying grounded by acknowledging and managing risks.
- Funding Challenges and Lessons - Joe recounts the setbacks he faced when investors withdrew at the last minute, leading him to pivot and focus on profitability rather than relying heavily on venture capital.
- Current Funding and Profitability Goals - Foundy has successfully raised over $1.5 million in two rounds of funding and aims to achieve profitability and cash flow break-even shortly.
For a deeper dive into Joe Lewin's experiences and insights, you can listen to the full episode here:
- (0:44) Introduction to Joe Lewin and Foundy
- (1:21) Joe’s Background and the Inception of Foundy
- (1:27) Motivation Behind Starting Foundy
- (1:59) Foundy’s Start Date and Current ARR
- (2:08) Business Model Pivot and Revenue Breakdown
- (3:07) Current Team Size and Use of AI Assistants
- (4:15) End Goal for Foundy
- (4:48) What Keeps Joe Motivated?
- (6:04) Early Stages of Foundy and Getting the Idea Validated
- (6:54) Initial Uncertainties and Risks Faced
- (7:29) Experiencing Rock Bottom and Overcoming Challenges
- (8:43) Fundraising Challenges and Pivots
- (11:08) Advice for First-Time Founders
- (12:27) Key Growth Strategies for Foundy
- (12:27) Importance of Referrals and Organic Content
- (17:16) Processes and Frameworks Used in Foundy
- (17:29) Deep Dive into Automation and Efficiency Tools
- (19:02) Biggest Failures and Lessons Learned
- (19:15) Importance of Pivoting and Refining the Business Model
- (20:40) Foundy’s SaaS Model and Subscription Approach
- (23:00) Optimizing for Profitability While Raising Funds
- (23:12) Importance of Healthy, Sustainable Growth
- (25:46) Advice for Growing from 0 to 10K MRR
- (26:55) Importance of Domain Expertise and Problem Validation
- (28:18) Advice for Scaling to 10 Million ARR
Did You Know? Guest Posting Increased Our Client's B2B & B2C SaaS Venture by 25% in Just 3 Months! | Your Gateway to Digital Success & Growth | Serving Diverse Industries
2moTrue ✅ Mistakes are an opportunity for growth :)