Co-Founders' Startup Journey: 1st Startup + YCombinator + Cashed Out = Launch 2nd Startup

Jul 28, 2020 · 38m 6s
Co-Founders' Startup Journey: 1st Startup + YCombinator + Cashed Out = Launch 2nd Startup
Description

Nick Hinrichsen and Chris Coleman met at Stanford Business School and in 2013 started a venture backed company called Carlypso. Working on building the 'Amazon for used cars', the two...

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Nick Hinrichsen and Chris Coleman met at Stanford Business School and in 2013 started a venture backed company called Carlypso.

Working on building the 'Amazon for used cars', the two founders went through YCombinator in 2014, raised $10M venture capital by 2015 and successfully sold the business to Carvana in 2017.

Like true entrepreneurs, Chris and Nick are now working on their next venture called http://withclutch.com. They discovered that auto loan rates are all over the map and so they built a refinance calculator that allows car owners to reduce their monthly payments and save thousands in minutes.

Tune in to hear these co-founders share their awe*mazing startup stories!

3 takeaways:

1.If you focus on the competition you’ll never win

2.Opportunistic hiring: sometimes you need to bring that person on before the company is fully ready for them

3.When pitching, have concrete evidence of your business model, not wishful thinking

Please connect with Chris and Nick here:

LinkedIn:
https://www.linkedin.com/in/nicholas-hinrichsen-7b33874a/
https://www.linkedin.com/in/christopher-coleman-a316696/

WithClutch:
http://www.withclutch.com/
https://www.withclutch.com/post/lower-your-rate-auto-loan-market-inefficient
https://www.withclutch.com/auto-loan-refinance-calculator

If you’d like to receive an alert whenever I post a new episode, please follow the Startup Life Show wherever you listen to podcasts, including: Stitcher, Spotify or Apple/Google Podcasts… and let’s connect on social media! You’ll always find me hanging out at my favorite social media bar – Twitter! https://twitter.com/AndeLyons

To receive an alert for my live shows, please join my Meetup group here: https://www.meetup.com/Startup-Life-LIVE/

Do you have a startup story you’d like to share on the Startup Life Show podcast? Please reach out to me via email – ande@andelyons.com.

You'll find tons of curated DIY startup advice on my YouTube Channel Andelicious Advice: https://www.youtube.com/user/AndeliciousAdvice and please subscribe to my bi-monthly newsletter, Let’s Stick Together -> http://bit.ly/AndeliciousNewsletter

Do you need a pitch deck reviewed? I've raised millions from VC and thousands from Angels... and I'm a co-host of a monthly pitch event in Boston. I can make sure your deck is ready for investors and a pitch event. Click this link to learn more: http://bit.ly/PitchDeckAudit

Are you ready to stop struggling alone and take your business to the next level… without wasting money and valuable time? I offer Startup Strategy Sessions, Funding Strategy Sessions, Monthly Founder Support and Emergency Founder Support. Book a free intro call here: https://andelyons.as.me/
Need an audio or video transcribed? Use Otter.ai: https://bit.ly/StartupLifeOtter

Listeners - thank you so much for tuning in - I am genuinely grateful for your time and presence. Stay strong, stay focused – and please remember – you’ve got this – Cheers!

Ande ♥
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Author Startup Life Show - Ande Lyons
Organization Startup Life Show - Ande Lyons
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