Hussein Fazal: How I Got Backed By Steph Curry & Raised $150+ Million To Create A Super Savings App
In this episode, Shamus Madan interviews Hussein Fazal, discussing his entrepreneurial journey, the transition from bootstrapping to VC funding, and breaking into a duopolistic market. They also talk about Steph Curry's investment, remote work culture, and traits of successful entrepreneurs.
Key Points
- Hussein Fazal, CEO of Super.com, emphasizes the importance of product-market-model-channel fit (PMMC fit), underscoring that a great product must be complemented by a strong business model and an effective distribution channel to succeed.
- Understanding and empathizing with the target customer demographic is crucial for business success, as demonstrated by Super.com's focus on serving the underserved demographic with innovative solutions like the Pay card.
- Resilience and resourcefulness are key traits of successful entrepreneurs, who must be able to pivot or persevere through challenges and roadblocks to build and grow their businesses.
The year is 2008. Hussein Fazal just quit his tech job to co-found AdParlor, which built marketing campaigns to run on Facebook. He didn’t know if it would work but decided to give it a shot. Hussein sold the company in 2011, stayed on as CEO for a few years, and then, in 2016, launched Snaptravel, a discount hotel reservation service that has saved consumers well over $150 Million. But unlike most companies, for their first 100 customers Hussein didn’t write a single line of code. Today, he joins to share his journey as an entrepreneur and how he even got Steph Curry to back his company.
Twitter of Host (@mbitpodcast): Shamus Madan
Twitter of Guest (@hussein_fazal): Hussein Fazal
Learn more about Super.com at well...you guessed it...Super.com
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Transcript
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