by The Dock Podcast
w/ Alex Schachne, Co-Founder, leap
-
Jan 12, 2024
From Engineer to Full-Stack Founder: Reflecting on Growth [0:00 - 0:24]
In a candid conversation reflecting on the past year, Alex Schachne shares their transformative journey to becoming a full-stack founder. What began in a humble setting his parent's home in LA has evolved into a momentous year of company-building and significant financial milestones. As Alex recollects, 'it's crazy to me to think that we were having a conversation just like this like a year ago almost exactly in your dad's house in LA.' The transition from engineer to founder is marked by progression to company valuation reaching multi-million figures, allowing him to be deemed a 'paper millionaire,' although he remains modestly focused on building the company rather than on valuations.
A Leap of Faith: Charting the Startup Journey [0:24 - 1:28]
Detailing the foundation of Leap, the conversation steps back to a pivotal move to San Francisco — a one-way ticket signifying the commitment to venturing into the startup world and the eventual joining of Founders Inc. 'I basically came out to San Francisco a year and a half ago oneway ticket... and ended up joining Founders Inc as a founding engineer,' Alex states. February marked the crucial point where roles shifted from engineering to growth, setting the stage for the birth of Leap and its future success.
The Power of Social and Virality [2:00 - 2:50]
Discussing the significance of social media influence and virality, Alex highlights a key moment when a certain tweet went viral with millions of impressions and even caught the attention of Elon Musk. 'The Tweet just goes absolutely ballistic... then Elon Musk replies to it and it just Soars it goes to 16 million,' he recalls. This episode didn't just stand out as a remarkable instance but also underlined the strength of virality in business growth, effectively doubling signups in just a day.
Establishing Leap: From API to AI Features [3:16 - 4:04]
Leap originated as an API, adding AI features to apps, entering the market when the hype around AI-powered app development was surging. The mission was to simplify the process for developers who needed to run AI models — a service that was made user-friendly by Leap. Alex elaborates, 'We made it very easy we just gave you... an API you could ping and say generate an image pass the prompt and get the image back.'
Navigating Growth and Marketing Channels [4:11 - 6:05]
While exploring growth strategies, the conversation delves into different channels, from influencer campaigns to paid advertising. Alex candidly shares the initial trial-and-error phase: 'We did PID ads then we tried influencer... we've done SEO,' highlighting the iterative process of finding what works best for the business. His personal endeavor of building in public and sharing progress bolstered Leap's visibility and engaged other founders in a shared journey.
Embracing Virality and Cultivating Partnerships [17:05 - 18:11]
Understanding the lifecycle of trends and leveraging them through strategic partnerships was instrumental for Leap. By converting viral moments into collaborative opportunities with brands like Vercel and Superbase, Leap augmented its presence and SEO rankings. Alex emphasizes, 'We leveraged that relevancy into... a blog post about this viral template and then that is all Tailwinds.'
Product-Led Growth and the Escalator Strategy [29:51 - 30:30]
The discussion transitions to a strategic framework termed 'bottoms up PLG escalator,' defining product-led growth as businesses that gain traction from grassroots adoption. The scalability of such growth was attested by the adoption of Leap within teams and its expansion to larger enterprise contracts, resembling a 'Trojan horse' effect promising exponential growth.
Project Prioritization and Execution [45:58 - 46:12]
When discussing internal workflow, Alex stresses the importance of selecting the most impactful key performance indicator (KPI) to focus on weekly. This process involves rigorous brainstorming and commitment to chosen priorities without mid-week distractions unless it's crucial. He reflects, 'It's the hard part is knowing which direction to put it in.'
Engaging with the Startup Community [52:45 - 53:12]
Being part of a collaborative environment such as a startup studio or community is highlighted as a significant advantage. Interacting with like-minded individuals who share insights and strategies accelerates growth and provides support for overcoming challenges typical in the early stages of a startup.
Conclusion: Looking Ahead [1:07:35 - 1:08:55]
In conclusion, the key takeaways include the founder's ambitious goal of growing Leap's ARR to $3-5 million and raising a series A within a year. Beyond financial aspirations, the conversation sheds light on the enriching experience of building alongside talented peers and making meaningful connections within the tech community. Alex concludes with optimism, 'I really wake up every day I'm like wow I can't believe that we get to do this we get to meet incredible people too.'
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