From 12 Failed Ideas to Raising 3.2M w/ Arnav Bathla, Founder & CEO at Coinbooks | Ep #27
What would you do if you dropped out of college, pursued 12 different ideas but none of them worked, and only had $0.50 cents in your bank account at one point?
Would you give up or persevere?
Today's guest, Arnav Bathla, decided to keep charging forward because he believes he was born to be an entrepreneur and he couldn't possibly see any other option.
Arnav is originally from India and after dropping out of college and booking a one-way ticket to San Francisco over 2 years ago, he played around with different ideas and almost none of them solved a 'pressing' problem.
He went from one idea to the next until, at some point in his journey, he had less than a dollar in his bank account. But still, he never gave up.
Now Arnav is the founder & CEO at Coinbooks, a Web3 startup building an accounting software designed for crypto-native organizations. Arnav has raised $3.2 million from world-class investors like Multicoin Capital, and even Polygon's MATIC (https://www.forbes.com/digital-assets... own founders. Coinbooks was also accepted into Y Combinator for the summer 2022 batch.
Are you a web 3 company interested in having your accounting and taxes easily handled? Check Coinbooks out today: https://www.coinbooks.xyz
💬 Discussed in this episode...
0:00 Intro
3:20 Arnav's influences & upbringing in India
6:22 Testing 13 ideas and failing
7:50 Being born to be a founder
10:50 Arnav burns his boats
14:40 Surviving with $0.50 in the bank
17:33 How do you know when to pivot?
24:15 What is Coinbooks?
24:30 Why work on something unsexy like accounting?
28:20 Should you follow your passion?
32:22 You don't need to be an expert to succeed
37:15 The entrepreneurial mindset & lifestyle
39:28 The value of starting a company
42:00 The importance of spending time with yourself
44:50 Talking to customers
49:00 The problem Coinbooks is solving & vision
52:20 How Arnav formed a 10x team
1:00:10 The importance of engs doing support
1:06:10 How has entrepreneurship changed who you are
1:12:25 How to navigate loneliness as a solo founder
1:20:22 How Arnav will invent the future
📚 People & Resources Mentioned
The Mom Test: https://www.amazon.com/The-Mom-Test-R...
Y Combinator Video Recommendation: Should You Follow Your Passion? - • Should You Follow Your Passion? – Dalton C...
For the full show notes of this episode, go to: https://bit.ly/itf-arnav
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🎙️ This podcast was recorded in a studio provided by Founder's Inc in San Francisco. F.inc is a community of relentless founders building epic companies: https://f.inc
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