Tomer London On Raising $700 Million To Build A Payroll and HR Software Platform Enabling SMEs To Manage And Grow Their Workforce
Update: 2024-09-28
Description
Tomer London, co-founder of Gusto, a company with over 2,500 employees, relates what it means to go from humble beginnings to building a hypergrowth business. His journey is an exciting blend of personal history, entrepreneurial lessons, and hard-earned wisdom.
Gusto has attracted funding from top-tier investors like Kleiner Perkins, Sands Capital, Fidelity Management and Research Company LLC, and Cross Creek.
In this episode, you will learn:
- Tomer London’s upbringing in a small business family instilled a deep understanding of entrepreneurship’s emotional rollercoaster.
- His military service taught him invaluable lessons in humility, discipline, and teamwork, shaping his approach to startup challenges.
- A failed early startup experience highlighted the importance of effective go-to-market strategies alongside solid product development.
- Gusto, initially ZenPayroll, was born from extensive conversations with small business owners to address their unique challenges.
- The company’s success is attributed to its customer-centric approach, ensuring product development is driven by direct feedback.
- Participating in Y Combinator gave Gusto critical support and momentum, leading to rapid product development and funding.
- Gusto’s vision focuses on empowering small businesses and their employees, simplifying back-office complexities to foster growth and success.
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