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In this episode, Jenny and Thanasis spend time with Rob Biederman, Founder and Managing Partner of Asymmetric Capital Partners. Rob shares his career journey from private equity at Goldman Sachs and Bain Capital to entrepreneurship with Catalant Technologies and eventually founding his own venture capital firm.
Featured Guests: Brian Rothenberg, partner, defy.vc | Rob Biederman, managing partner, Asymmetric Capital Partners Senators propose bipartisan ban on U.S. lawmakers from owning stocks, the FTC puts private equity ‘on notice' for acquisition roll-ups, and a lightning round covering three stories you need to know from yesterday.
Rob Biederman of Asymmetric joins Nate to discuss The Surprising Challenge of Launching a Venture Fund, Analyzing AI Horizontally Versus Vertically, and Why Most Companies Are Overstaffed. In this episode, we cover: The difference between a Founder VC and a Non-Founder VC What are the areas that are getting the team excited Vertical vs Horizontal Solutions Building in Use Cases that expand Customer Value with Minimal Cost How to Evaluate Horizontal Business Software Companies Overstaffing and Underinvestment Guest Links: LinkedIn Twitter Asymmetric
Rob Biederman has gone from founding his own startup to leading a $100M plus venture capital firm that is eager to fund great entrepreneurs, even at the pre-seed stage. The firm, Catalant, has attracted funding from top-tier investors like General Catalyst, Morningside Venture Investments, 40 North Ventures, and Highland Capital.
I'm thrilled to welcome Rob Biederman to the podcast. Rob is the CEO and Co-Founder of Catalant Technologies, an enterprise software company based in Boston, as well as a seed investor in companies like ArtLifting, Dexai Robotics, and MedRhythms. He previously worked in investing at Bain Capital and Goldman Sachs. Rob is a fellow Princeton alum and received his MBA from Harvard Business School. On the episode, we chat about emerging areas in early-stage technology, principles of effective leadership, and the entrepreneurial mindset. We also discuss the future of work, TeleFitness, and the importance of strategy & alignment in business. We also chat about authenticity, company-building, and the process of creating something genuinely new. We hope you enjoy. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/daniel-ling/message
Welcome to the Open Assembly Podcast. In this episode we chat with Rob Biederman, Co-founder and Co-CEO of Catalant Technologies.Rob founded Catalant while at the Harvard Business School. It was one of those ideas for a school project that has blossomed into a very successful business. The Catalant software platform helps companies execute work and align the right people to a strategy. This could be both full-time employees and outside experts or a combination of both. The platform offers visibility needed to digitally orchestrate work, drive alignment and engagement, balance resources, and track work progress against key objectives. Catalant's list of clients include the likes of Unilever, Staples, Pfizer, GE and many, many more.Please enjoy this conversation Rob Biederman, Co-founder and Co-CEO of Catalant Technologies.
Large firms aiming to innovate or achieve a degree of agility increasingly look for outside help. Catalant has placed itself at the crux of this dynamic by offering a project management software platform and staffing marketplace for harnessing the skills of internal and external personnel. Cofounders, co-CEOs, and HBS alums, Rob Biederman and Pat Petitti talk about the company’s evolution and how it’s providing clients regular insights into their most strategic work.
Join Shalom Klein on his weekly radio show, Get Down To Business with guests: Rob Biederman Jai Luster J.J. Montanaro Jamie Nelson
On today's episode of Gritty Founder, Kreig Kent talks with Rob Biederman about his entrepreneurial journey and how he built Catalant Technologies. Rob shares valuable advice on fundraising, productivity, and the type of mindset founders need to achieve success. Rob Biederman is the Co-Founder and CEO of Catalant Technologies, the market leader enabling the world’s leading organizations get from strategy to execution faster. Biederman is also co-author of a book titled Reimagining Work: Strategies to Disrupt Talent, Lead Change, and Win with a Flexible Workforce. Some Questions Kreig asks Rob: - How has the product at Catalant Technologies changed since the early days? (21:06) - What do you think is the most important ingredient for a founder? (21:58) - What advice can you give to a founder who is thinking about raising money but is not sure if they should bootstrap their company instead? (31:48) - When you invest what is the most important thing you look for in a founder? (37:01) - What is one thing about life that you believe to be true that most people would disagree with? (38:00) In This Episode, You Will Learn: - About Rob’s background and how he became an entrepreneur (4:28) - About Catalant Technologies and how Rob started the business (7:54) - Advice on when and why to raise money (32:09) - How to think about regret (39:43) - Why you need to prepare to win rather than just wanting to win (43:55) - Why coffee is a productivity killer (49:34) Connect with Rob Biederman: Twitter Catalant Also Mentioned on This Show... Rob’s favorite quote: “The pond is fed from within, and pleasure can only spring forward from true internal alignment and congruence. Whereas happiness can be achieved through money or other artificial means.” Rob’s book recommendation: The Hard Thing About Hard Things by Ben Horowitz More Resources: Good to Great by Jim Collins
Rob Biederman (@biedermanrob) is the co-founder and CEO of Catalant, a company that connects companies to talent and knowledge in real-time and is focused on rewriting the future of work and helping Fortune 100 keep up with the pace of innovation. [spreaker type=player resource="episode_id=19680461" width="100%" height="80px" theme="light" playlist="false" playlist-continuous="false" autoplay="false" live-autoplay="false" chapters-image="true" episode-image-position="right" hide-logo="true" hide-likes="false" hide-comments="false" hide-sharing="false" hide-download="true"]
Rob Biederman (@biedermanrob) is the co-founder and CEO of Catalant, a company that connects companies to talent and knowledge in real-time and is focused on rewriting the future of work and helping Fortune 100 keep up with the pace of innovation. Prior to Catalant, Rob focused on venture capital and financial markets.In today’s episode we discuss:- How the gig economy is affecting corporations and will unfold- What the government can and should do about employee rights and work- The future of work as autonomy looms- Ways to improve government productivity through incentives- How the job market changes in the world of outputs- The issues and importance of universal healthcare- Why Rob is skeptical on the timeframe for self-driving- How we need to shift our views on education to support our future- What are Rob’s thoughts about Uber and gig workers- Why Rob isn’t that worried about privacy- What the DMV would do differently if it were a business- Why corporations are so damn inefficient
Rob Biederman, Co-Founder and CEO of Catalant Technologies is leading the market in enabling companies to get mission critical work done faster. This all begins with recruiting and how your organization is thinking about talent and the composition of the workforce. Rob continually asks leaders the question, “how well do you know your employees?” In Rob’s work, he has found that━more often than not━companies are constantly hiring new people to fill open positions. What they should be considering though, is how the talent they already have can rise to the occasion.
"Using conventional means to solve unconventional problems is just not very likely to succeed." In this Episode, Rob and Chad discuss the constant disruption and innovation forging the future of work, and secret to keeping your head above water: agility. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In this week’s episode of Radically Agile, Catalant’s co-founder and co-CEO Rob Biederman sits down with Scott Kirsner, Founder & Editor of Innovation Leader and Columnist at the Boston Globe. Scott offers insight into how to be a change agent of one by creating a subculture of people who are working in different ways, using new tools, and embracing agile and design thinking.
Feat. Rob Biederman and Gordon Burnes
For this episode of the Utterly Biased Podcast, Dennis Keohane sits down with the founders of Boston-based Catalant to discuss growing a disruptive consulting business in the shadows of the major industry incumbants, raising their most recent ($41M) round of funding from inside investors, and how to hire while growing. Enjoy.
This episode of Small Business with Steve Strauss powered by Microsoft, is all about learning that we can't do it all by ourselves. As determined as we are, as Entrepreneurs, we have to remember to take advantage of the resources available to us. In the Ask An Expert (Almost) Live segment, Steve talks about those worries that we have and why it's not beneficial to take on too much. There is some wonderful advice and the best part is that you'll learn that getting the help you need doesn't cost, it pays! In this week's interview, Steve is joined by Rob Biederman and Patrick Petitti! Rob and Patrick are the co-founders of Catalant (formerly known as Hourly Nerd). Their company builds technology that enables the world’s best companies to work with top experts for on-demand needs. They give a fantastic interview explaining how their company got started and how they can help you grow yours.
Startup Boston Podcast: Entrepreneurs | Investors | Influencers | Founders
Rob Biederman’s co-founded Catalant (formerly HourlyNerd) while getting his MBA at HBS as a requirement to for his Field III Course. They started by going to small businesses surrounding the campus and asking what problems they were facing and how they could help. MBA students from surrounding schools would then carry out the work needed for the small businesses. Today, Catalant has over 28,000 experts on their platform and has completed projects for small companies and enterprises such as GE. Companies turn to Catalant when they have a project they need completed but don’t have experts in-house capable of completing the work. Catalant experts cost a fraction of hiring a top tier consulting firm because they remove resources who aren’t necessary in solving the problems the company is facing and only include resources that are necessary for your need. In this episode, Rob talks about: How freelancers on the platform are vetted How freelancers on the platform can stand out What drove the decision to rebrand from HourlyNerd to Catalant The difficulties with building a two-sided marketplace Why he decided to continue working on the company after graduating from HBS How he sees the gig economy affecting the overall job marketplace in years to come How they were able to get Mark Cuban as an investor Links from today’s episode: Bain BCG Behance Uber Lyft Postmates UpWork GoDaddy InsightSquared Kuvee Slack Sonos Zero to One The Hard Thing About Hard Things Sales Acceleration Formula The Challenger Sale If you liked this episode: Follow the podcast on Twitter Subscribe on iTunes or your podcast app and write a review Get in touch with feedback, ideas, or to say hi: nic {AT} startupbostonpodcast [DOT] com Music by: Broke For Free
Rob Biederman, co-CEO of HourlyNerd, talks about raising an early round of funding in the company. He and his colleagues applied to be on Shark Tank, were accepted, and then had to decline when they learned that the show taping would conflict with the beginning of their second year of business school. The contacted Marc Cuban directly and got a favorable response that enabled them to secure a seed round. Storytime Friday is a podcast produced by Red Cup Agency. In each episode, communications director Lee Schneider reads from a chapter in progress of his upcoming book, Inside the Mind of Your Angel Investor.
The Top Entrepreneurs in Money, Marketing, Business and Life
Rob Biederman, founder of HourlyNerd - a platform that bypasses traditional consultancies to help companies hire just the experts they need. HourlyNerd serves more than 4,500 companies, including GE, Microsoft and American Apparel. Listen as Rob and Nathan talk about spotting a market gap, dividing equity, and why you should have studied computer science. Favorite Book? – Only the Paranoid Survive What CEO do you follow? — Jeff Immelt What is your favorite online tool?— Slack Do you get 8 hours of sleep?— No If you could let your 20 year old self know one thing, what would it be?— Take some computer science papers Time Stamped Show Notes: 01:15 – Nathan’s introduction 01:40 – Welcoming Graham to the show 01:56 – “Companies use us when they have a pressing need for a solution that can’t be provided by their current workforce” 02:00 – HourlyNerd makes money by taking a small percentage of transactions 02:30 – Example: connected GE to a robotics professor who could educate them about commercial robotics 03:30 – Around 80-85% goes to the consultant, the rest goes to HourlyNerd 04:00 – Rob worked in private equity before starting his business 04:34 – Had the idea of bypassing traditional consulting to connect people to talent directly 04:58 – Rob started in private equity aged 21, and founded the company aged 26 05:40 – He gave up a $400-600k salary 06:40 – “I’d saved a tremendous amount...I could mitigate the risk” 07:20 – How did Rob and his founders divide equity? 07:30 – They used a vesting schedule to accommodate any changes 09:15 – Worked with 5,000 customers in 2015 and had 21,000 nerds 09:31 – Nerds actively making money would be “in the low single-digit thousands” 09:50 – “We work with clients from GE down to a woman called Jenny in Massachusetts” 10:40 – Founded in 2013 10:51 – Total revenue in the first year was $150k 11:00 – Total revenue in 2015 was above $5 million 11:20 – Have raised about $10 million in capital 11:25 – “Nobody on our founding team could code...we needed to pay a development firm” 12:40 – Gave up around 20% of equity via convertible note to fundraise 13:30 – Auditioned for Shark Tank: dropped out but ended up with Mark Cuban as an investor 14:40 – Connect with Rob at HourlyNerd or on Twitter 3 Key Points: Be wary of how much equity you’re giving up in the early stages of your company. Make choices that minimise dead equity. Don’t be afraid to give up a salary to follow your ideas Learn some computer skills as soon as you can Resources Mentioned: Freshbooks - The site Nathan uses to manage his invoices and accounts. Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible. Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+ Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books. Show Notes provided by Mallard Creatives