Episode 43

Startup Lessons: Why He Left a $40M Business to Start Again | Ash Barot - E43

Published on: 10th January, 2025

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In this episode of Funds and Founders, we sit down with Ash, co-founder of Wolf.xyz, who recently closed their Series A round. Ash shares his journey from building a successful staffing platform in Chile to his current venture in B2B SaaS.

Learn how Ash:

  • Built and scaled a staffing platform to cover one-third of Santiago
  • Navigated international markets between Chile and the US
  • Turned a product failure into a successful exit
  • Made the transition from bootstrapped to VC-backed
  • Approached hiring and team building post-funding
  • Learned valuable lessons through multiple startup attempts

Whether you're a first-time founder or serial entrepreneur, Ash's insights on building in different markets and knowing when to pivot are not to be missed!

Timestamps: 0:00 - Intro & Early Entrepreneurial Journey 3:09 - First Failed Venture & Lessons 5:29 - Product Market Fit Definition 10:31 - Moving to Chile & Building Elephants 15:33 - Scaling in Santiago 20:48 - US Market Entry & Challenges 24:19 - Decision to Exit 29:17 - Building Wolf.xyz 37:05 - TechStars Experience 46:54 - Views on VC vs Bootstrapping 54:05 - Post-Series A Focus & Hiring 59:29 - Startup Ecosystem Differences 1:02:02 - Tech Stack & Tools 1:04:20 - Closing Thoughts

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About the Podcast

Funds and Founders: Untold Journeys Behind Their Breakthroughs
Welcome to "Funds & Founders: Untold Journeys Behind Their Breakthroughs," where we dig deep into the stories of successful Austin founders. Instead of focusing on their successes though, we dive into their journeys, particularly the struggles and obstacles they had to overcome.

This weekly podcast is tailored for Austin founders navigating the early stages of their entrepreneurial journey and hosted by fellow Austinite Abhinav Sinha. Here’s what to expect by tuning into Funds & Founders:

🚀 Embark on a Journey to Success
Join Abhinav as he takes you behind the scenes, exploring the highs and lows of building a company. This isn't your typical success story – we dive into the failures, the struggles, and those pivotal breakthrough moments that define a founder's path.

🌟 Real Conversations, Real Insights
Abhinav's approach is refreshingly different. Rather than dwelling on success, he crafts casual conversations that unravel the untold stories. Identify the setbacks that helped them grow, the lessons learned from failures, and the breakthrough moments that fueled these founders.

🤔 Why Didn't They Quit? Learn and Apply.
At the heart of each episode, Abhinav delves into the 'why' behind the perseverance. Why didn't they throw in the towel during tough times? And, most importantly, how can you apply their insights to your own journey? Get ready to be inspired and equipped with practical takeaways for your entrepreneurial adventure.

🤝 Decoding Venture Capital
Ever wondered what goes on in the minds of Austin's venture capitalists? Abhinav sits down with local VCs to decode their criteria for investing in early-stage companies. Gain valuable insights into the world of venture capital, understand what investors look for, and appreciate the vital factor of founder-investor compatibility.

🎙️ Meet Your Host, Abhinav Sinha:
Abhinav's soft-spoken yet inquisitive style creates an intimate atmosphere, allowing guests to share their authentic stories. His genuine curiosity and insightful questions make each episode a captivating journey into the minds of Austin's most successful founders.

If you're a budding Austin entrepreneur seeking the inspiration and insight needed for building a successful company, "Funds & Founders" is your go-to podcast.