Did you have extended family in the area? We took a lot of cues from the grand brands Michael and I admired, and set out to see if we could go do something similar. Hannah Ferrier also comes out on top . If someone told me people would be making marriage proposals on Strava when we started Id have said, What are you smoking? And people are saying yes! Itd be easy for us to just focus on profitability, but without the continued growth, you dont see the innovation and were not able to serve the athletes the way that we want. I am being sincere: I cant begin to tell you how valuable that experience was, from the friendships that have become lifelong business partnerships. MG: Metro has been a great investment. Prior to Strava, Michael co-founded enterprise software firm Kana Communications and was the CFO and VP of Operations at GlycoFi, a biotech company. MG: Michael and I have learned over time, the minute you start talking about exits is the minute you start de-valuing your business. Today, Strava is a popular social network that connects millions of runners, cyclists, and other athletes through a mobile app and website. To subscribe, or for other enquiries, please contact us. Guys like Bill Felch, who ran services, and others who were really a critical group that happened to come together and bond over the vision of what we were trying to dothats what makes or breaks any company. Kana Communications was a massive triumph. We're betting on our athletes Our founders, Mark Gainey and Michael Horvath, on the way forward. I was 90. He was busy raising a family. He went off and got his PhD from Northwestern, and ended up here in the Bay Area as a professor of macroeconomics at Stanford. Did you have to wait for the technology to catch up? Strava's co-founders Michael Horvath and Mark Gainey have returned to run the company they started. Its kind of there now but you have to dig around, so were thinking about how to evolve the experience to better serve athletes. We knew if we could keep it fun and inspirational you would get the fitness, the strength and the speed too, but it should be secondary to: can we keep this entertaining? Mark Gainey and I met a few years ago, when a good friend heard me rambling about my latest fitness idea and said there was someone I needed to meet. I talked about how much fun I had on the crew team at Harvard. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions. 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. You dont have to get in, but youre going to be a decent person, and youre going to reply to this. Its where our growth came from from day one, and its far and away the largest source of growth, even in todays environment. The social network connects athletes in . No, it was stolen here on the Peninsula. Youre the one! Evolving beyond its cycling roots as a platform for all who sweat, today Strava is widely embraced as the premierworkout sharing fitness network a rapidly expanding ecosystem of Olympic, professional, elite, amateur and beginner athletes that boasts over 1 millionnew registered new users every month and growing. 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 Theres a universal language, and theres a universal set of needs that all athletes have. I didnt have a lot of other obligations then. They were pretty clever back then, and would recruit from the other athletic programs. Everybody thinks of rowing as somewhat of an individual sport, but you have to figure out how to mix in effectively with eight other peopleseven other rowers and a coxswain. Weve raised about $70 million today, and if you look at our investors, were really fortunate. The real trick is finding that balance. We try to get away from the college discussion and more around, Lets figure out what youre interested in, and thatll lead to whatever the next chapter is. I think I owe that, again, to my parents. What got you into competitive sports in high school? Im probably the worst person to answer this question because this is where Id say I am definitely not successful. Prior to relocating to her native Southern California, Zip was Chief Marketing Officer for Pizza Hut U.S., based in Dallas. That business was minting money, but Jim did it by bringing everything in-house. Cyclists love climbs. It was worth a shot. In November I will be participating in the Qatar Quest a reverse order ultra-distance triathlonthat will circumnavigate the Qatar peninsula. Yeah, I love this entirely. Why is he doing this to me?. This led him to the crew team, where a junior rower named. To manage an existing Cyclist magazine subscription, please visit Manage your account or visit our subscription FAQ page. Strava. To hold myself accountable and transparent, I posted every single workout on Strava (follow me here) and Instagram Stories. That was what drove me, but I think it was also the great coaches, Ray Hays and Peter Duffy. People get thrown out of the boat, which is called crabs, or you injure your hands on the oar. 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. My mom was a stay-at-home mom. They share how they've focused on creating new content and featur How can we develop Strava so members have more of a voice? Its still very targeted to the invested athlete across these various sports. Strava Finds its Niche. Strava sa stala prvou aplikciou, ktor bola vytvoren portovcami pre portovcov. MG: From day one we always said were about motivation and entertainment. So when the opportunity to host them arose, I jumped on it. Theyre posting their workouts, and in exchange, were motivating and inspiring them through competitions, analytics, social connections, and so forth. Note:One of the best ways to support the podcast is to support the sponsors. MG: In our very earliest days when we were still alpha testing we took 10 people on the west coast and 10 on the east coast and asked them to participate on this website for a month during the Tour de France. Theres an important sequencing. We took a lot of cues from the grand brands Michael and I admired, and set out to see if we could go do something similar. I was really lucky that group was willing to come together when it did. We were these two guys in our early forties who were still passionate about sport and camaraderie but life, obligations, kids and work got in the way. mark gainey strava net worth. I cant do that, but its a great way to learn about history through the eyes of an artist at the time. The mission there was to go back to asking: how can we make the world a more active place with environments that are more inviting for people to ride, run or walk to work? Most of my competition was on my own team, so when youre living that six days a week, and youre literally racing in practice, it makes it pretty easy to go out and win races. It was a great product. By signing up, you agree to our Terms and Privacy Policy. Michael was class of 88. Now its SOB disease. Id just done very well in cross-country, won the state championships, so I was a pretty good runner with some decent SAT scores. Beyond our investors, everybody in the company, all 180 employees, are shareholders. visit my Resources page and click Sponsors. operators and investors by subscribing. Have an account? Mark Gainey: Yeah, Michael [Horvath, the other Strava co-founder] and I had families, we were on opposite coasts of America he was on the east coast and I was in California. My parents gave me a great choice. Going back to the three Ps, when I met you one of the things I noticed was the word patience. I have this funny way of keeping all the rejections in my life, whether its venture firms who turn us down, or people who never gave me jobs. For a complete list of all RRP sponsors and their respective vanity urls and discount codes,visit my Resources page and click Sponsors. 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. One was technology with the wearable marketplace and GPS devices. Oh, I got a couple wins and a couple where we should have won, but didnt. Today, there are millions of online subscribers. 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. . To get the story behind the story, today I sit down with Mark Gainey and Michael Horvath the dynamic duo co-founderswho gave birth to Strava and continue to guide its ongoing growth and evolution. It used to be patience, persistence, and perfection, but I realized perfection was leading to a bunch of bad behavior we didnt want, so we threw it out. Cyc: What has all the Strava data taught you about cyclists? Strava attempts to end the loneliness of the long-distance runner (and cyclist) Chief executive Mark Gainey tells Ben Wright how the app is building a sporting network just like Facebook built a . Youre going to graduate from Harvard with a degree, and you should go off and find your adult life. Mark Gainey Portola Valley, CA Follow on Strava Followers 2051 Following 323 Yesterday Hello 2023! That really surfaces. There were two key takeaways: You can go back to our roots around serving cyclists to see how that authenticity surfaced. The company soon enough expanded the focus of its GPS data tracking and social networking platform to also encompass running. In turn I help hold my community accountable. For example, we moved whats called segment leader boards. Go toonepeloton.com, use the codeRICHROLLand get$100 off accessorieswith your Peloton bike purchase. Then, in the process I got recruited by the crew coaches. Probably very few people would know of the ones I was involved with, firms likes Ontrack and Diamond, which were in the video space. in economics from Harvard (where he was mens lightweight crew team captain), Michael is a former Stanford economics professor and entrepreneurship professor at the Tuck School of Business at Dartmouth. 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