Avni Patel Thompson at the Seattle Female Founders Conference | Summary and Q&A

TL;DR

Avni Patel Thompson, founder of Poppy, shares her journey of founding a childcare startup and discusses the importance of validation, growth, and self-care for founders.

Key Insights

• 👶 Avni Thompson, founder of Poppy, connects parents with caregivers for their children. She believes that when incredible women with bold visions come together, impressive things happen.
• 💼 Avni started Poppy because she experienced the need for reliable childcare as a working parent and believed technology could solve this problem.
• 💡 Avni emphasizes the importance of not letting obstacles and reasons to not be a founder stand in the way of building important companies.
• 📈 Poppy has grown quickly, proving that there is a demand for their service.
• 🕹️ Avni breaks down the journey of building a company into two stages: "get going" and "get growing."
• 💼 Hiring a passionate team, building a sustainable business model, and focusing on growth are crucial in the "get growing" stage.
• 👥 Avni highlights the importance of finding the right co-founder and surrounding yourself with trusted advisors and mentors. ⏰ Taking care of oneself as a founder is essential to avoid burnout and ensure peak performance.

Transcript

so the first speaker you're gonna hear today is omnipotent Thompson the founder of poppy poppy is a site that connects parents with great caregivers for their children so Omni and her co-founder went through Y Combinator in winter 2016 and she's also an incredible advocate of this Seattle startup community and Omni is really one of the main reasons... Read More

Questions & Answers

Q: How did Avni Patel Thompson validate the idea for her startup Poppy?

Avni Patel Thompson validated the idea for Poppy by starting with a four-week test, where she connected vetted caregivers with families and measured the growth of the bookings.

Q: What challenges did Avni face in hiring a technical co-founder?

Avni faced challenges in finding a technical co-founder, as many talented engineers were being approached by numerous people with startup ideas. However, by focusing on the growth and success of Poppy, she was able to attract a technical co-founder who shared her passion for the mission.

Q: Why did Avni change the pricing model for Poppy?

Avni realized that the initial pricing model, where parents paid a membership fee and directly paid caregivers, wasn't sustainable for the company. To ensure the survival of Poppy, she made the decision to take a portion of each transaction to generate revenue.

Q: Why is self-care important for founders?

Avni highlights the importance of self-care for founders, as they need to be in their best mental and physical state to support the growth and success of their startups. Taking breaks and engaging in activities that rejuvenate them helps prevent burnout and ensures they can provide for their team and customers.

Summary & Key Takeaways

• Avni Patel Thompson, the founder of Poppy, discusses her journey of founding a childcare startup called Poppy, which connects parents with caregivers.

• She emphasizes the importance of validation in the early stages of a startup and shares how she validated her idea by starting with a four-week test.

• Avni talks about the challenges she faced in hiring a technical co-founder and raising money for her startup.

• She also highlights the need for founders to focus on growth, build a strong team, make hard decisions, and prioritize self-care.