Alexander Jekowsky On Raising $80 Million To Build A Tech Platform To Help Laundry Businesses Run More Efficiently And Grow
Description
In the entrepreneurial world, every journey is unique. Alexander Jekowsky’s path from aspiring baseball player to tech entrepreneur was marked by unexpected turns, unrelenting passion, and an affinity for solving unconventional problems.
In this riveting interview, he talks about vertical integration, verticalizing in the SaaS industry, and ultimately disrupting an industry many would consider far from glamorous—laundry. His company, Cents, has attracted investment from top-tier investors like Camber Creek, Contrarian Thinking Capital, Derive Ventures Management Company, and FJ Labs.
In this episode, you will learn:
- Alexander’s entrepreneurial journey highlights the power of resilience and problem-solving, from baseball dreams to disrupting the laundromat industry.
- His early ventures, like Ulyngo, set the stage for vertical SaaS success and sharpened his focus on B2B business models.
- Navigating M&A processes taught Alexander the value of cultural alignment and strategic acquisitions in building long-term businesses.
- With Cents, Alexander revolutionized laundromat operations by introducing a SaaS platform, bringing innovation to a traditional industry.
- His strategic low-profile approach helped Cents raise $80M and triple its business while avoiding competition.
- Alexander’s vision is to modernize the laundry industry through accessible technology, benefiting both business owners and customers.
- He advocates for quality work over hustle culture, prioritizing health and resilience as key factors in entrepreneurial success.
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