Prokit co-founder and CEO David Swain (@swain) sat down with Mark at his home to discuss his journey. When you have a minute, and it feels right to you, do us a solid and give the app a review in theiTunes Store. No, it was stolen here on the Peninsula. We have seen everything from political statements to people rooting for their favourite World Series team. For the second time in the company's history, Michael Horvath is stepping down as CEO of Strava. Co-founders Michael Horvath and Mark Gainey spoke with Guy about the recent surge in users . They inspired us and were good runners in their own right. It was pretty clear it was going to be hard for me to build a career there, so I left Reno. Michael was class of 88. Im probably the worst person to answer this question because this is where Id say I am definitely not successful. I dont think either of us expected that Kana was going to do what it did, and it became all-consuming, but it was just the two of us, and there werent kids involved. Currently Stravas interim CFO, Michael Horvathpreviously served as Chief Executive Officer from 2010-2013 and President from 2014-2017. Please enter your username or email address to reset your password. Youre not going to meet a person whos more humble, who works harder, and he also just understands things about business that, frankly, I dont. Mark Gainey has been building successful companies for nearly 20 years. Train smarter. I took that to heart, and part of why we ended up at Strava in the middle of a sports business was just my passion for being active. What we learned from him over a two- or three-month period were a lot of the lessons I just told you about from crew. You see how many people are riding together all the time. Pioneering Running Coach Greg McMillan: Extraordinary is in All of Us. Youre the one! business of fitness and wellness. How to create it. Now, Horvath says . Our vision was always to support the global community of athletes, regardless of what sport theyre in. Strava's co-founder Mark Gainey, set to run cross-country as a freshman at Harvard in 1986, was sidelined by an injury. What distinguishes Strava from other fitness trackers and social media platforms is the positive emotional connection it engenders. I had dreams of, Could I make one of those lightweight teams? Its kind of there now but you have to dig around, so were thinking about how to evolve the experience to better serve athletes. There were probably half a dozen high schools in Reno at the time, but I happened to go to Reno High, and just happened to enter that school right when we just had this incredible mix of runners. MG: Metro has been a great investment. 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. Already downloaded? Over the coming months, Strava was focused on increasing its reach vis--vis integrations with other devices such as Google's Fitbit. Lightweights had just been added to the Olympics, and the first opportunity was going to be in 92, I think, in Barcelona. Like many of the things born in Silicon Valley, you might say Strava, the favorite app of millions of athletes, is a happy accident. A silver lining of hard times like these is that they inspire introspection and focus - What matters the most to us? Then the top 5 were selected by Ben Lowe, creator of VeloViewer; Mark Shaw and Mark Gainey, Strava's CTO and CEO; and Ariel Poler, a member of Strava's board of directors. And when it launched, it was only a desktop app. Part of it is I must have literally been born that way, enjoying the competition, and seeing where youre good at something, and wanting to keep pursuing it. 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? Wed like to help people discover new opportunities, new friends, new routes, new places to travel and their next bucket list thing to go and do. It turned out that the idea was sound, but the technology wasnt there. MG: The whole history behind segments is fascinating. Founded in 2009, millions of athletes have joined Strava for the competition and camaraderie found in tracking and sharing their fitness activities. Download Our Free App! Reno, for anybody who likes the outdoors, starting in first grade, we had PE at the local ski resort. You dont have to get in, but youre going to be a decent person, and youre going to reply to this. Today, there are millions of online subscribers. Stravas co-founder Mark Gainey, set to run cross-country as a freshman at Harvard in 1986, was sidelined by an injury. So she went outside and dragged in this skinny 16-year-old kid and she said he was in love with Strava. Number of Current Board & Advisor Roles 1. How did that happen? I was a single parent with two boys who were seven or eight years old at the time we were starting. Its called the Biggest Little City in the World. I used to joke there are two cities there. 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 Its when our members are excited about their experience on Strava and theyre sharing it with their friends. Theres a universal language, and theres a universal set of needs that all athletes have. Were hopeful that over time, youre going to be excited about what were doing on that side of the paywall. Is your 1986 Ritchey still in the garage? Tommy Gainey turned pro in 2007 and has played for 15 years and was born in USA. Strava is the #1 app for runners and bikers and is the destination to record any activity. If youre clear on who your customer is, and you can understand their needs, even if youre a raw startup, you can be successful. Welcome Anita Patwardhan Butler! Let's see if we can roll through here. Peloton Discover this cutting-edge indoor cycling bike that brings the studio experience to your home. Disclosure: Swain was an active Strava board advisor at the time of this interview. I had one of the best calls and visits we ever had. We had a go-to-market strategy that said we were going to focus somewhat maniacally on the cycling community, but dont confuse go-to-market with vision. Go further. Were focused on developing a profitable growing business and getting people excited about it. Mark Gainey Portola Valley, CA Follow on Strava Followers 2051 Following 323 Yesterday Hello 2023! The thing I refer to nowthe boys will even joke with me, I call it SOB disease. For a limited time, my listeners can get 25% off a Calm Premium subscription at Calm.com/richroll. Well give Kudos to each other on a fairly frequent basis. When I graduated from high school, the graduation gift was a mountain bike. Stava's History. All rights reserved. Strava is entirely focused towards athletes. They share how they've focused on creating new content and featur In 2022 Tommy Gainey earned $34,236 so far. My mom was a stay-at-home mom. This week we hear from Mark Gainey, co-founder and Chairman of Strava, the social network for athletes. Theyre still in Reno. Michael Horvath is the Co-Founder & Board Member at Strava. You're one of the few investors I've heard talk that way. I own that. He started telling me his story, and to this dayhe doesnt even know thishe is one of my key mentors in life. I love to ride in the dirt, but by going out and talking to the cycling community, we found we could be very focused. It was Dads job. I tend to obsess in some ways in one area. 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. Let me go plan my weekend, and how can Strava be a part of it? Worst-case scenario, Id have a good story for a business school application. Founded in 2009 by Michael Horvath and Mark Gainey, Strava has become the go-to platform for millions of users around the world. Founded in 2009, millions of athletes worldwide have joined Strava for the ability to track and share their fitness activities as a community whether they are running, cycling, hiking, racing, skiing, swimming or just working out. The partners I worked for, even though they were venture investors and not entrepreneurs, gave me another piece of really important advice, which was to solve real problems. THE TRUSTED TEAM FOR SRI LANKA REAL ESTATE - We are committed to creating enjoyable Real Estate transactions by innovative programs, tools and management. I used to joke, the reason hes my partner is because he had great internet connection. Jim had this amazing story. I am not being compensated in any way for hosting Mark and Michael on the show. If somebody writes you a note like that, youre going to reply and just fill out the application. I did, and lo and behold, I got in, and visited, and figured, What the heck? Probably very few people would know of the ones I was involved with, firms likes Ontrack and Diamond, which were in the video space. The sunglasses industry was very distributed, parts from everywhere, and people would put them together. To hold myself accountable and transparent, I posted every single workout on Strava (follow me here) and Instagram Stories. 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. Was it you and Michael from the beginning? Its not to say that they dont hold us to a very high standard and expect us to execute and build a company of value, but were not caught in this trap of How quickly are you going to sell the company? Or Why havent we seen liquidity tomorrow?. We spend a lot of time at the house talking about, What are your interests? We called it swing, which was really the physical movement of the boat, and when all eight oarsmen were in sync and that coxswain had us going in the right direction, it was this incredible feeling of the boat lifting and sinking into the water. One was technology with the wearable marketplace and GPS devices. Theres a universal language, and theres a universal set of needs that all athletes have. Cyclist: You first had the idea for Strava in the 1990s but only launched it in 2009. Europe, Menlo Park, China), Where the person is located (e.g. Would you elaborate on that? Mark Gainey, Strava cofounder (left), James Quarles, Strava CEO (middle), and Michael Horvath, Strava cofounder (right). Founded in 2009 by Michael Horvath and Mark Gainey, Strava has. Obviously this show was compensated for those ads. With Strava, to this day, sometimes Ill hear, Oh, the clever little cycling company. You can go look at our early business plans. **Note: Marks answers have been edited for brevity and cohesion. MG: Oh yeah. I dont care whether its a software business, or youre manufacturing paperclips, or soccer balls, or running a restaurant. What happened was a very nice coach sent me a handwritten note in the fallit wouldve been fall of 1985. Your love for sports and the outdoorsdid your parents pass that down to you? In addition, Mark sits on the board ofAlter-G, BoardVantage, Daum, Clari, and Coaching Corps. I was incredibly fortunate for the people willing to come and join me on the ride. Strava is the leading social platform for athletes and the largest sports community in the world, with over 98 million athletes in 195 countries. So just how did Strava become the only fitness app that matters? Mark Gainey is the co-founder and chairman of Strava, the rapidly growing social network used by more than 40 million people in 195 countries. Youre going to graduate from Harvard with a degree, and you should go off and find your adult life. Then he had a really interesting career where he left his private practice, but went to work at the Veterans Administration, where he became much more of a mentor instructor. They had been competitive rowers at Harvard, and both missed rowing life: its competition. There are certain days when the smell in the office is not from the servers and computers. I got on the phone and called Jim Jannard, the founder of Oakley Sunglasses. On Monday, Horvath replaced James Quarles as CEO, after Quarles spent two-and-a-half years. 2020-03-04T05:12:27Z Comment by Stanford eCorner. This year, our community. . Its not an end game. 04611236. There are a number of guys I tried to recruit who did not pull the trigger. I had dreams of. Cyc: Do Strava users deliberately try to beat you? I had a great coach, a guy named Charlie Butt at Harvard, who now has the whole program. Strava Redeem now I was 90. Tommy Gainey 's net worth is $5,674,367. If we could find a cyclist willing to listen to the story and willing to experiment, then we would bring them on. That was just the job. Whereas, if you try to have a conversation with every person inside a Starbucks, youre going to get 75 different responses to something. Michael and I are not serial entrepreneurs, we dont get excited about starting new companies again and again. Mark Gainey and Michael Horvath were two friends from college with a good idea and bad timing: in 1995, they set out to create a digital community where athletes could chart their progress and actively compete with one another. They werent necessarily athletes, but they allowed me to pursue that passion. How to capture a niche by going an inch wide and a mile deep. Send me the good emails, Copyright Diamond Publishing 2023. Then, in 2008, their passion for sports came full circle with the launch of Strava. We were generating hundreds of millions in revenue, but yeah, it was also during that periodthe first dot-com boom was pretty unique. Mark went into venture capital in Palo Alto. Michaels trajectory was a little different. Video, editing byBlake CurtisandMargo Lubin. Strava is old enough to have started as a web company supporting GPS devices such as Garmin, then in about 2011 Apple and Android devices came to have a strong enough battery life and a strong enough GPS chipset to be viable tools to use. As Adam mentioned, I'm the co-founder and executive chairman at Strava and I'm here today to do a couple of things. It was super fun. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Dear Strava community, If nothing else, 2020 has been a year of regaining perspective. Theyd bus us off to Mt. Strava generated $167 million revenue in 2021, a 70% increase on the previous year In January 2022, Strava had 95 million active users, with two million added every month Almost two billion activities were completed on Strava in 2021 In December 2020, Strava was valued at $1.5 billion Strava overview Strava revenue 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. Thanks toJason Camiolofor audio engineering, production, interstitial musicand show notes. In November I will be participating in the Qatar Quest a reverse order ultra-distance triathlonthat will circumnavigate the Qatar peninsula. The technical storage or access that is used exclusively for statistical purposes. 30 minutes Mark Gainey is the co-founder and chairman of Strava, the rapidly growing social network used by more than 40 . Id forgotten just how hard startups are and how all-consuming they can be. They were probably wise, but they didnt do it. Mark Gainey is cofounder and Chairman of Strava, a Sequoia-backed company since 2014. Distance 11.0 mi Elevation 495 ft Time 1:45:37 December 29, 2022 Post-ski yoga Time 22:00 Believe it or not, Strava started out with the idea of being a virtual locker room. 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. I understand, thats hard to describe. Its funny, full disclosure, I was not applying to Harvard when I was in high school. The real trick is finding that balance. I had the exact opposite. 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. 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