The idea for the company was based on Founder and CEO Jordan Fliegel’s experience as a private basketball coach and the fact that most private coaches don’t have the expertise or the platform to market their services and accept payment for those services.
Graduates of MassChallenge and TechStars, CoachUp initially receiving $28,000 in funding from Dharmesh Shah. In just two years, CoachUp has grown to serve more than 15,000 coaches and more than 42,000 athletes, and most recently raised a $6.7 million Series A round in November.
From Boston Bruins legend and current President Cam Neely, former Red Sox favorite Gabe Kapler and Nerlens Noel of the Philadelphia 76ers, CoachUp has some big name athletes helping out with the company as well, and if you like sports and startups, you’re going to enjoy this episode.
In this episode, Arian talks about:
- How CoachUp works and the economics of a two-sided marketplace (athletes & coaches)
- Starting the company working only nights and weekends
- How they were able to grow the company with less than $30,000 of funding and why they were focused on building a product first before raising more money
- Why he is against founders working 80 hour weeks
- Why founders need to systemize their operations to create a business than can run on it’s own
- The approach he’s taken to building an engineering organization
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