EP#15: PitchGround CEO Udit Goenka on Software as a Service (SaaS), start-ups and Broken Dreams on TSS
Description
In this podcast episode of The Sankalp Show, we have Mr. Udit Goenka, who is the founder and CEO of PitchGround.com. He started his career as a freelance designer from the time he was in grade 10th.
He has always been a SaaS geek and hence he had always dreamt of becoming a software engineer. Unfortunately, the odds were not in his favor and he landed up pursuing finance in his college.
Being a geek, the software engineer in him never gave up and now he is currently the CEO of PitchGround which is a unique platform that bridges the gap between entrepreneurs and investors.
When the times of SaaS start-ups were not good enough and they were facing a failure rate of 92%, then PitchGround came into the picture and it has drastically flipped the numbers.
With PitchGround, the number changed from a 92% failure rate to an 80% success rate. Founded in 2018, PitchGround has already helped over 20 companies to raise over a million dollars in crowdfunding in less than 8 months of operation. In the episode w have discussed all of his journey from not getting into the dream college to building such a successful company.
Udit's Twitter: https://twitter.com/iuditg
Timestamps:
00:00 - Introduction
2:12 - His college life and dream of becoming an engineer
4:10 - How old is freelancing?
6:02 - Why is he always hungry for more?/ Never Satisfied
7:31 - Did he find accounting and finance difficult in college?
7:59 - His dad as a Businessman.
9:05 - His views on investing at an early age.
11:36 - Jobs can also provide financial freedom.
13:00 - Start SIPs and build healthy financial habits
15:07 - True entrepreneurship is all about giving back
19:41 - His views on Intraday trading
23:22 - Difference between service class family and a business family
25:46 - What is PitchGround?
26:56 - Why 92% of the tech/SaaS start ups fail?
28:28 - Having a success rate of 82%
30:59 - Flipping sides: How PitchGRound turned a 92% failure rate to 80% success rate?
32:06 - When does a founder makes actual money.
I'm Sankalp Chauhan, a computer science student studying at KIIT University and I love to make videos on technology, study habits, vlogs, entrepreneurship, and development.
I am a passionate programmer, with a keen interest in web development.
Apart from all this, I love to travel and explore new destinations.
I like to make videos with the purpose of helping as many people as possible. I also teach coding and web development on this channel.
I run a podcast called The Sankalp Show where some awesome guests are invited to share their journey from starting a company at 19 to making great resumes to grab the best software engineering job.
🦅 Say Hi on Twitter: https://twitter.com/seesankalp
My Instagram : https://www.instagram.com/seesankalp/
Join the Discord Community: https://discord.gg/e5uKsDVKZR
My LinkedIn : https://www.linkedin.com/in/sankalp-chauhan/