Its still very targeted to the invested athlete across these various sports. *Disclosure:Books and products denoted with an asterisk are hyperlinked to an affiliate program. This year, our community. 2020-03-04T05:11:52Z. Talk about your journey from Reno to Harvard. Visit: Outerknown.comtoday and enter promo code RICHROLL at checkout to receive 25% OFF your full price order. This was a Saturday afternoon, and the gentleman said afterward, Boy, they each shook my hand like they meant it and looked me in the eye. That was good, because I can say it came directly from my father. They werent necessarily athletes, but they allowed me to pursue that passion. 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. From day one we could see there was this interaction between athletes which was always taking place afterwards over beers or a cup of coffee anyway that we could now translate digitally. Mark Gainey Portola Valley, California, United States 2K followers 500+ connections Join to connect Activity So excited to share Strava's annual Year in Sport report. To this day, Im not really sure why I chose one and not the other, but I did, and no regrets. Founded in 2009, millions of athletes worldwide have joined Strava for the competition and camaraderie found in tracking and sharing their fitness activities. Theres a fine line between perfection and disaster, and you can apply all these things later on. Also a Harvard graduate, Mark is a former venture capital executive and seasonedentrepreneur whohas been building successful companies for nearly 20 years, including Kana, which he co-founded alongside Michael asCEO, president, and chairman. 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. Co-founder & President: 2014: May 2017: Board and Advisor Roles. Thank you Mike Ghaffary for the introduction to our guest today, Mark Gainey, the founder of Strava. Strava Redeem now Building that into the experience was about being authentic with them. The real trick is finding that balance. I am not being compensated in any way for hosting Mark and Michael on the show. Strava is a social fitness platform with more than 76 million users in nearly every country worldwide. There are certain days when the smell in the office is not from the servers and computers. I really dont have a primary care physician, so thankfully, my dad still takes my calls. Have an account? 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. Hes had two major wins since Kana. He started telling me his story, and to this dayhe doesnt even know thishe is one of my key mentors in life. Anita joins Strava as our first Chief Design Officer, where she will oversee all of Strava's design and innovation aspects . I could keep going. Prior to Strava, Michael co-founded enterprise software firm Kana Communications and was the CFO and VP of Operations at GlycoFi, a biotech company. Then, in the process I got recruited by the crew coaches. This website uses cookies so that we can provide you with the best user experience possible. You had to do it other than just to race, and really appreciate the journey. Youre going to graduate from Harvard with a degree, and you should go off and find your adult life. We do want to experiment. I wanted to continue rowing lightweights (there are lightweights and heavyweights in rowing). The grit and determination and persistence. We have seen everything from political statements to people rooting for their favourite World Series team. I was the oldest of three. Usually, I've got investors, like, show me the addressable market and show me the vision. Alright, good afternoon. Well, hes 82 years old. They were kind enough to let me figure that out. visit my Resources page and click Sponsors. I love to ride in the dirt, but by going out and talking to the cycling community, we found we could be very focused. Not consenting or withdrawing consent, may adversely affect certain features and functions. We want to fail fast, so perspective was all about keeping things in perspective as we try to move forward. Founded in 2009 by Michael Horvath and Mark Gainey, Strava has become the go-to platform for millions of users around the world. Mark Gainey is the co-founder and Executive Chairman of Strava, a global community of athletes with more than 50M members. Then we thought perhaps if another member rides that same climb, maybe we can show how they compare against each other. Tommy Gainey. Ive got Boys in the Boat on my bedside table. In a . Sign up to the Cyclist newsletter to receive curated emails direct to your inbox. 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 . Id forgotten just how hard startups are and how all-consuming they can be. Its a real investment inside the business, and its a feature unique to Strava. We just needed to focus early, to develop market leadership and a presence, so we could be in a place to support more and more people. Now, Horvath says . Dad did his residency in Denver, and I think they fell in love with the Rockies, and so the opportunity to be in the mountains, but closer to family, was compelling. Q&A: Strava Co-Founder Mark Gainey The history of segments, Strava marriage proposals and the pain of losing his records to a teenager. When I graduated from high school, the graduation gift was a mountain bike. Part of this is to make sure folks can access information. Kids dont get to do that as much anymore. We're betting on our athletes Our founders, Mark Gainey and Michael Horvath, on the way forward. Sign up for STRAVA The #1 app for runners and cyclists! 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. Those messages capture my heart and are fun to see. When I was with Kana, I was newly married. 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. Edit Board and Advisor Roles Section. So she went outside and dragged in this skinny 16-year-old kid and she said he was in love with Strava. Theyd bus us off to Mt. Thats not our background, and so you heard running, and rowing, and so forth. Peloton Discover this cutting-edge indoor cycling bike that brings the studio experience to your home. Free is going to remain and we added 50 plus improvements. In this talk, he explains the "inch wide, mile deep" strategy that informed both Strava and his previous startup, Kana Communications. Fast-forward to Strava, and its a very different situation. To this day, I check eBay and other places looking for a vintage Ritchey to get back to my roots. I saw one person was targeting my CRs. The one I always recommend is called, by David Halberstam. Tommy Gainey has earned total career earnings of $5,674,367, averaging $405,312 prize money per year. Those are not brands that were built overnight. Today, there are millions of online subscribers. Ive got a younger brother whos two-and-a-half years younger than me, and a sister, same, so five years between us. You never saw him complain about having to get up at 3 a.m. and take care of somebody. We face a constant tension at Strava around this. Thats been my strategy. Also a Harvard graduate, Mark is a former venture capital executive and seasoned entrepreneur who has been building successful companies for nearly 20 years, including Kana, which he co-founded alongside Michael as CEO, president, and chairman. Cyc: What is your favourite piece of Strava art [where a users route draws a picture on a map]? The social network connects athletes in . Hes a great guy. Horvath founded Strava with Mark Gainey in 2009. For a kid who enjoyed being outdoors and playing soccer up until high school, when I switched over to cross country, it was a fantastic place. 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. Their story is as interesting as it is instructive. Stravas co-founder Mark Gainey, set to run cross-country as a freshman at Harvard in 1986, was sidelined by an injury. Its called the Biggest Little City in the World. I used to joke there are two cities there. Lets see if we can identify climbs and well show them how they are doing, just by themselves. Why is he doing this to me?. Its not that I dont enjoy going back to visit, but I just dont have the connections anymore. Then, in 2008, their passion for sports came full circle with the launch of Strava. In Nevada, the VA is where a lot of the medical students get their training and do their residencies. They share how they've focused on creating new content and featur And if we do those two things, things like liquidity and so forth are byproducts of doing those well. MG: When people talk to us about building community, we always remind them that when we started Strava, we had one customer and had to start with, How do you give value to that one person who uploaded their workouts to Strava? It was creating that single player mode that is motivational and provides enough inspiration that they want to upload a second, third, and fourth time. This largely began in late 2019 when Strava saw a significant executive shake-up after James Quarles departed as CEO and Michael Horvath and Mark Gainey, both original founders of the company, made a return in executive roles. Michael Horvath and Mark Gainey originally founded Strava in 2009, and it has since grown to over 100 million users, a portion of which are also paid subscribers. 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. Hint: The password should be at least twelve characters long. We were a little early. Hopefully some of that stuffs rubbing off. What are the pros and cons? "Back in the late. 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. In addition, Mark sits on the board ofAlter-G, BoardVantage, Daum, Clari, and Coaching Corps. THE TRUSTED TEAM FOR SRI LANKA REAL ESTATE - We are committed to creating enjoyable Real Estate transactions by innovative programs, tools and management. The teamwork. 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. Gainey, who was Strava's initial CEO from 2009 to 2010, reassumed the role. 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. And for $5 a month, we want to believe its a great value. Its not an end game. Its called the Biggest Little City in the World. I used to joke there are two cities there. In November I will be participating in the Qatar Quest a reverse order ultra-distance triathlonthat will circumnavigate the Qatar peninsula. And just being surrounded by a bunch of other guys who, frankly, on any given day, could kick my butt. Still in their 20s when they founded Kana Communications in 1996, they saw the first dot-com boom up close as Kanas valuation hit north of $10 billion in 2000. Reno, for anybody who likes the outdoors, starting in first grade, we had PE at the local ski resort. I had the exact opposite. Cyclists love climbs. Mark Gainey 15:34. MG: If you go back to our roots, Michael and I were really interested in creating a trusted consumer brand. Michael Horvath sets the platform he co-founded off in a new direction. I dont care whether its a software business, or youre manufacturing paperclips, or soccer balls, or running a restaurant. 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 Stravas co-founder Mark Gainey, set to run cross-country as a freshman at Harvard in 1986, was sidelined by an injury. I understand, thats hard to describe. I had one of the best calls and visits we ever had. MG: We know were not the experts when it comes to training for a first century ride but we know there are experts out there, so how do we allow them the opportunity to have a voice on Strava and how can members find that information? For a complete list of all RRP sponsors and their respective vanity urls and discount codes,visit my Resources page and click Sponsors. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. There are a number of guys I tried to recruit who did not pull the trigger. He was in private practice into his early 60s. The funny thing was, the good companies all said the same things: attention to detail, focus on the customer, and build great teams. This is not the first time though that Michael Horvath has left the company. To make it stronger, use upper and lower case letters, numbers, and symbols like ! " Mark also co-founded Kana Communications, an enterprise CRM firm, in 1996 and served in various capacities, including CEO, president, and chairman. Disclosure: Swain was an active Strava board advisor at the time of this interview. Send me the good emails, Copyright Diamond Publishing 2023. My dad was a general surgeon. Strava did that. You can find out more about which cookies we are using or switch them off in settings. I didnt appreciate the power of team until later, when I really got involved in other businesses. In a letter posted to Strava's press site on February 6, Horvath, who co . Michael and I are not serial entrepreneurs, we dont get excited about starting new companies again and again. I laughed. MG: From day one we always said were about motivation and entertainment. As Adam mentioned, I'm the co-founder and executive chairman at Strava and I'm here today to do a couple of things. Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify. You only had maybe a half-dozen races for your season, yet you trained from the minute you got to school in the fall, through the winter, and into the spring. 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. In some ways I would equate this to authenticity in business. Its another funding event that can be very important in the life of a company, but its by no means the end. MeetStrava the fitness social network designed by athletes for athletes. He graduated in 88 and studied economics. In 2013, he stepped down from his role but then rejoined the company in 2019. 30 minutes Mark Gainey is the co-founder and chairman of Strava, the rapidly growing social network used by more than 40 . Its early days but we are working with dozens of cities around the world looking at how we can improve bike-ped infrastructure with bicycle pathways and pedestrian causeways. 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