Renos one of those funny places. Something I needed to personally change was leadership. I took that to heart, and part of why we ended up at Strava in the middle of a sports business was just my passion for being active. Well, while Lee's $800,000 net worth and Sandy's $400,000 net worth, it's actually Chef Ben Robinson that takes the take with his $2.5 million net worth! I sincerely hope you enjoy the episode. MG: We get really excited about the future there. So she went outside and dragged in this skinny 16-year-old kid and she said he was in love with Strava. There is an active lifestyle in a good way. Tommy Gainey turned pro in 2007 and has played for 15 years and was born in USA. In this conversation we talk about how Mark's passion for sports compelled him to Strava, what focus really means as a founder and Mark has some amazing examples of that, we also talk about scaling and . We were talking about Strava while sitting in a Starbucks, and she made a great observation. I tend to do well when Im very focused on one thing, and that comes at the detriment of other things, whether thats my personal relationships, raising my kids, or the company. Prior to relocating to her native Southern California, Zip was Chief Marketing Officer for Pizza Hut U.S., based in Dallas. Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify. I think my balance has come in huge chunks. About Strava Strava is the world's leading social fitness app, designed to help athletes of all levels achieve their goals and connect with like-minded individuals. If you were hiring in Dubuque, Iowa, or Phoenix, Arizona, I was calling you and trying to get the owner or the CEO on the phone to tell me about their business. Video, editing byBlake CurtisandMargo Lubin. Hopefully some of that stuffs rubbing off. There are a number of guys I tried to recruit who did not pull the trigger. Then, in the process I got recruited by the crew coaches. Awesome. Free is going to remain and we added 50 plus improvements. Copyright Rich Roll Enterprises LLC. That really surfaces. Believe it or not, Strava started out with the idea of being a virtual locker room. And just being surrounded by a bunch of other guys who, frankly, on any given day, could kick my butt. Well, hes 82 years old. Id be the guy at the front running those laps. Dont ask me to identify an artist. Obviously this show was compensated for those ads. I believe he still works at Google. Then the top 5 were selected by Ben Lowe, creator of VeloViewer; Mark Shaw and Mark Gainey, Strava's CTO and CEO; and Ariel Poler, a member of Strava's board of directors. It turned out that the idea was sound, but the technology wasnt there. For a complete list of all RRP sponsors and their respective vanity urls and discount codes,visit my Resources page and click Sponsors. The company's application offers the ability to record fitness activity, analyze, share and compare data against themselves, friends, and pros, enabling users to discover, share and plan workouts and training together for better growth and results. Disclosure: Swain was an active Strava board advisor at the time of this interview. I laughed. We didnt drastically change free, but moved a handful of features [across a paywall] that were important. MG: Weve always had the freemium business model, where you could use some component of Strava for free, or you could upgrade. My parents gave me a great choice. Worst-case scenario, Id have a good story for a business school application. Over the coming months, Strava was focused on increasing its reach vis--vis integrations with other devices such as Google's Fitbit. Less so, but its not that my parents werent active. Beyond our investors, everybody in the company, all 180 employees, are shareholders. Side note: The three Ps used to include perfection. Visit: Outerknown.comtoday and enter promo code RICHROLL at checkout to receive 25% OFF your full price order. Id forgotten just how hard startups are and how all-consuming they can be. Q&A: Strava Co-Founder Mark Gainey The history of segments, Strava marriage proposals and the pain of losing his records to a teenager. Their story is as interesting as it is instructive. Disclosure:In the interest of total transparency, I have run ad campaigns for Strava on this podcast in the past. In addition, Mark sits on the board ofAlter-G, BoardVantage, Daum, Clari, and Coaching Corps. Michael Horvath is the Co-Founder & Board Member at Strava. There just isnt anything like it. Three speakers left. If we could find a cyclist willing to listen to the story and willing to experiment, then we would bring them on. He currently serves as the co-founder and executive chairman of Strava, a global community of athletes. Strava is the leading social platform for athletes and the largest sports community in the world, with over 98 million athletes in 195 countries. Pioneering Running Coach Greg McMillan: Extraordinary is in All of Us. For example, we moved whats called segment leader boards. What do you do to stay grounded? In fact, a key takeaway from the dot-com era, internet 1.0, is from this funny phrase: Oh, yeah, what a rocket ship.. In fact, a key takeaway from the dot-com era, internet 1.0, is from this funny phrase: Oh, yeah, what a rocket ship. I used to remind everybody, Yeah, and what happens to rocket ships once they run out of fuel? I was now living at home with my parents, and that was never really the deal. Have you ever considered Harvard? In a . This led him to the crew team, where a junior rower named Michael Horvath took him under his wing. It includes unlimited access to ALL of Calms amazing content. Mark Gainey currently serves as the co-founder and chairman of Strava. [Cyclist] READ MORE Why Professional Athletes Use Strava Strava breaks down barriers between athletes and amateurs. In Strava, that manifests itself in everything from taking care of things like power and wattagewhich is this whole language that very few people are familiar with, but for cyclists is really importantto things like identifying climbs automatically, because it turns out cyclists love climbs. That led to a nine-month perioda little bit of a reckoningbecause it was not at all clear that I was going to be able to come back to rowing. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Lightweights had just been added to the Olympics, and the first opportunity was going to be in 92, I think, in Barcelona. I didnt appreciate the power of team until later, when I really got involved in other businesses. So rather than focusing on exits or IPOs and things like that, its kind of back to fundamentals. Mark Gainey 15:34. MG: Ive seen some amazing art but for me it is more about messaging. Over the last 10 years, weve experimented with a handful of different business models, everything from e-commerce to even some forms of advertisement within the feed. Cyc: The name Strava is Swedish for to strive. Ironically, this came from the entrepreneursthe theory being that youre going to be doing this 24/7, 365 days a year, so it might as well be something you are genuinely passionate about. That's a far cry from the ubiquitous mobile app it is today, and their story of becoming a device-agnostic service that unites every runner's and . That worked out really well. It was a beautiful machine. All rights reserved. We called it swing, which was really the physical movement of the boat, and when all eight oarsmen were in sync and that coxswain had us going in the right direction, it was this incredible feeling of the boat lifting and sinking into the water. The company has raised about $70 million to date,. Founded in 2009 by Michael Horvath and Mark Gainey, Strava has. The sunglasses industry was very distributed, parts from everywhere, and people would put them together. That business was minting money, but Jim did it by bringing everything in-house. Mark Gainey is the Co-Founder and Executive Chairman at Strava. Our conservation has been edited for brevity. Theres a fine line between perfection and disaster, and you can apply all these things later on.. It was super fun. Mark Gainey, Chairman and Co-Founder of Strava on Building a Social Network for Athletes 30 00:00:00 / 00:27:44 30 On today's episode of Unconventional Genius, I talk with Mark Gainey, Chairman and Co-Founder of Strava about how he helped build a successful social network for athletes. Were hopeful that over time, youre going to be excited about what were doing on that side of the paywall. The technical storage or access that is used exclusively for statistical purposes. And why the integrity of community is paramount. This was pre-internet, so Id get all these newspapers, and Id pull all the want ads out of the Sunday papers from around the country. Its not that I dont enjoy going back to visit, but I just dont have the connections anymore. Hes got very funny stories about moving into that mentor role, and about working with the vets. MG: The whole history behind segments is fascinating. Strava was founded in 2009 by Mark Gainey and Michael Horvath. Michael Horvath and Mark Gainey STRAVA. Id just done very well in cross-country, won the state championships, so I was a pretty good runner with some decent SAT scores. I think it was a great way for him to end his career. Part of it is I must have literally been born that way, enjoying the competition, and seeing where youre good at something, and wanting to keep pursuing it. That was just the job. MG: Metro has been a great investment. Born in Denver, Colorado, but raised in Reno, Nevada. I dont think either of us expected that Kana was going to do what it did, and it became all-consuming, but it was just the two of us, and there werent kids involved. Mark Gaineycurrently serves as the co-founder and chairman of Strava. This has afforded me the luxury, frankly, of being present for Jake and Charlie. For a complete list of all RRP sponsors and their respective vanity urls and discount codes,visit my Resources page and click Sponsors. At one point somebody did the calculationsthe number of hours we put in training for the few minutes that we actually raced in the spring season, because these were 2,000 meters long and six-minute races. He was maniacal about the quality, maniacal about his distribution. . I always remind them that the day you take your company public is the day in which its now okay for your grandmother to invest in the future of the business. Wed like to help people discover new opportunities, new friends, new routes, new places to travel and their next bucket list thing to go and do. In November I will be participating in the Qatar Quest a reverse order ultra-distance triathlonthat will circumnavigate the Qatar peninsula. Strava Finds its Niche. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. I looked at life when I was only recently married, and it was one of those times when there was very little to lose and everything to gain by starting a company. Grounded and patient, I learned firsthand that Mark is one of those people you instantly want to work with. Its called the Biggest Little City in the World. I used to joke there are two cities there. Frankly, just looking at the complexity of leaderboards and how they operate and the costs associated with it, its significant. . We want to put ourselves in those two places so that we control our destiny. Riding up a local canyon climb back in what must have been late 2009, my Airstream-dwelling, frequent cycling compadre Stu Bone couldnt stop talking about this brand new social network specifically aimed at the 2-wheel community. In this talk, he explains the "inch wide, mile deep" strategy that informed both Strava and his previous startup, Kana Communications. Users who like Mark Gainey (Strava) - How Strava Found its Niche; Users who reposted Mark Gainey (Strava) - How Strava Found its Niche; Playlists containing Mark Gainey (Strava) - How Strava Found its Niche And yet, we always come back to a very simple answer, which is our best growth is word of mouth. That ability to put people together and allow them to compare came in and all of a sudden we saw the trash-talking, the camaraderie, the gamesmanship and those little things added up to the fervour behind the experience. Hannah Ferrier also comes out on top . Going back to the three Ps, when I met you one of the things I noticed was the word patience. He graduated in 88 and studied economics. Fast forward to 2009, the same concept was needed and we realized we still wanted something that would motivate and inspire us to get out and work out. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Strava is the #1 app for runners and bikers and is the destination to record any activity. Fast forward a bit and I was sitting in a Mexican restaurant with my two boys and I was wearing a Strava T-shirt. Mark Gainey is the co-founder and executive chairman of Strava, a platform where more than 50 million athletes around the world track their workouts and compare their stats. We face a constant tension at Strava around this. Edit Board and Advisor Roles Section. We may raise capital in the future, but we want to do it from a position of strength, because we see an opportunity, not because we need the capital. We brought in a CEO (James Quarles) who has the ability to really have both feet in 24/7. When we graduated, it disappeared. I was a single parent with two boys who were seven or eight years old at the time we were starting. Prior to relocating to her native Southern California, Zip was Chief Marketing Officer for Pizza Hut U.S., based in Dallas. Mark Gainey, Strava. As I was graduating, I had not applied for any jobs. There was this esprit de corps. The idea was to graduate, come back, and begin training with him and some other club programs, and see if I had a shot at the Olympics. Incredible read, and it will turn anyone into a rowerat least make them want to be one. I live in Silicon Valley and continue to hear entrepreneurs talk about how their goal is an IPO, like somehow thats the end game. I cant do that, but its a great way to learn about history through the eyes of an artist at the time. Michael and I, neither of us are particularly good cyclists. I used to remind everybody, Yeah, and what happens to rocket ships once they run out of fuel? The partners I worked for, even though they were venture investors and not entrepreneurs, gave me another piece of really important advice, which was to solve real problems. I would put in an hour on my mountain bike but cycling is actually really social. Do Strava users see themselves as athletes? A nice woman comes over and says, Do you mind me asking where you got that shirt? I told her I happen to work at the company. Youre the one! Theyre posting their workouts, and in exchange, were motivating and inspiring them through competitions, analytics, social connections, and so forth. How can we develop Strava so members have more of a voice? Insights Like many of the things born in Silicon Valley, you might say Strava, the favorite app of millions of athletes, is a happy accident. It was a big stack, but I did manage to get a job offer here in the Bay Area at a little firm called TA Associates, which is now highly respected in private equity. Join industry-leading After graduating college in 1990, there was a brief period when I was back in Reno trying to figure out what to do next. Net Worth: $2 Million Date of Birth: Jan 18, 1948 (75 years old) Place of Birth: Jackson Gender: Male Height: 6 ft 2 in (1.89 m) Profession: Actor, Comedian, Voice Actor, Stand-up comedian. But it was just too early: software engineers said it couldn't be built, and investors didn't want to take the risk. The power of team. You went from rowing to starting a company that was a pretty big deal in the dot-com era. She called this the Starbucks phenomenon. Cyc: What is your favourite piece of Strava art [where a users route draws a picture on a map]? SVOD - Silicon Valley Open Doors Technology Investment Conference 2018, Exclusive: Strava co-founders return to company as CEO and executive chairman, 'It's not frugal, but it's intentional': The cofounder of the fitness app Strava describes the money principles that shape his business and personal finances, Mark Gainey, Strava Co-Founder on Entrepreneurship, Life and Sport, Stravas CEO showed solidarity for immigrants by running a route that spelled Freedom4All, With Its Developers Competition, Strava Finds That Runners Love APIs, Cycling-Centric Fitness App Strava Raises $18.5 Million in Venture Capital Funding, Looking for Motivation? Its funny, full disclosure, I was not applying to Harvard when I was in high school. Holding a Ph.D. in economics from Northwestern University and an A.B. Its Strava on the Brain, and many an evening when Id be sitting there with the boys at dinner, or trying to have a conversation, and Im asking them about their day, they tell me how their day has gone, and I cant hear them. He was reselling motorcycle handgrips out of a Volkswagen van back in the late 70s or early 80s, out in the Baja desert. Thats my only experience with rowing, but it was impressive. Lets keep it fun. Ive had my own strategies. Theoretically, I was pretty confident I could manage my single-parent duties along with the startup. Theres a universal language, and theres a universal set of needs that all athletes have. I was the oldest of three. Mark Gainey, Strava cofounder (left), James Quarles, Strava CEO (middle), and Michael Horvath, Strava cofounder (right). I said, No way am I going to go, this kid from Reno, not even an interest. It was my father who was like, You do not have to go. As Adam mentioned, I'm the co-founder and executive chairman at Strava and I'm here today to do a couple of things. In this episode, Joe and Mark discussed Strava's business model, including freemium access and paid subscriptions, the company's focus on putting the athlete first, and Mark's plan to make Strava a multi-generational company. Strava Aims to Connect Athletes at All Levels | Xconomy, Cycling and Coding Collide at Performance Tracker Strava. She said, I talk to way too many entrepreneurs who, when I ask them about who their customer is, they say, Well, look, here. Theres something uniquely special about being privy to the daily grind of my favorite multi-sport athletes. Mark Gainey and Michael Horvath were two friends from college with a good idea and bad timing: in 1995, they set out to create a digital community where athletes could chart their progress and actively compete with one another. I had dreams of. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. Now, Horvath says . That changed the game for us, enabling us to grow the network more effectively. I sent my resume across the country, and to this day, I have this shoebox full of rejection letters. He had an opportunity to come out with a partner and take over someones practice. Our vision was always to support the global community of athletes, regardless of what sport theyre in. They had been competitive rowers at Harvard, and both missed rowing life: its competition. Strava's co-founders Michael Horvath and Mark Gainey have returned to run the company they started. But he was always my co-founder and engaged at Kana. If somebody writes you a note like that, youre going to reply and just fill out the application. I did, and lo and behold, I got in, and visited, and figured, on my bedside table. problem regardless of your size, your scope, and your sustainability, people will listen. missionary oblates of mary immaculate belleville, il. MG: Oh yeah. We are in the home stretch here I promise. Even with IPOs. I got to be a kid in Reno. Founded in 2009, millions of athletes have joined Strava for the competition and camaraderie found in tracking and sharing their fitness activities. This is not the first time though that Michael Horvath has left the company. However, this is not a sponsored podcast. Of course, he wasnt targeting me, he was just younger so he was naturally destroying me, but we developed a friendship and we still banter back and forth every few weeks. That particular group from the class of 88 really took me under their wing, and I became great friends with a number of guys there. Cyclist Laura King takes us inside her how she does what she does, from favorite books and podcas Running coach Greg McMillan shares what he's learned through three decades of coaching. Its not to say that they dont hold us to a very high standard and expect us to execute and build a company of value, but were not caught in this trap of How quickly are you going to sell the company? Or Why havent we seen liquidity tomorrow?. Co-founder & President: 2014: May 2017: Board and Advisor Roles. Already downloaded? How to nurture it. It comes from a simple thesislets go build for our customer. You dont have to get in, but youre going to be a decent person, and youre going to reply to this. Mark Gainey is the Co-Founder and Executive Chairman at Strava. How to capture a niche by going an inch wide and a mile deep. MG: We probably think less about any specific sport were trying to support and more about attitude. June 5, 2022 Posted by: Category: Uncategorized By 2008, he and Gainey were meeting up for brainstorming sessions that would result in the birth of Strava. These apps will help you meet new running partners based on your pace and where you run, or compare your Suffer Score with other athletes on a matched activity. Video Clips 2 minutes Inch Wide, Mile Deep 11 minutes Strava Finds its Niche 2 minutes Vision vs. Go-To-Market 2 minutes Be a Niche #1 2 minutes The Art of Leveraging Customer Feedback View Video Clips Clip 4 of 5 No, it was stolen here on the Peninsula. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, Total number of past Board and Advisor roles the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. I am simply a fan of the platform. My dad was a general surgeon. Theres one most people know, which is a very transient, high-densityits a gaming town, but as soon as you get out of downtown, its incredible. When she asked me, Well, whos your customer? I said, See those four guys sitting over there in Lycra with their bikes parked outside the window? The sunglasses industry was very distributed, parts from everywhere, and what happens to rocket ships they. A great way to learn about history through the eyes of an artist at the time pull the trigger in... On any given day, I have run ad campaigns for Strava on this in. Back in the interest of total transparency, I had not applied for any jobs scenario id. On a map ] so, but its a great way for him to end his career Starbucks, to! A handful of features [ across a paywall ] that were important but I just dont have the connections.! Junior rower named Michael Horvath and Mark Gainey have returned to run the company in,! 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