CEO Levi Fewcett & Team Solved $1.9T Global Automotive Parts Marketplace Problem

CEO Levi Fewcett & Team Solved $1.9T Global Automotive Parts Marketplace Problem

Hi, I'm Levi Fewcett, CEO of Partly, a company solving the problem of making it easy for buyers to find the right parts online, and we're on a mission to make a global impact.

• 1. Partly is an company that aims to make it easy for buyers to find the right parts online.
• 2. The CEO, Levi Fewcett, and co-founder had a "No. 8 wire mentality" growing up in New Zealand, which means they learned to solve problems with limited resources.
• 3. Partly was founded after Fewcett and his co-founder identified problems with the e-commerce landscape in New Zealand and saw an opportunity to improve it.
• 4. The founders worked extremely hard, often 16 hours a day, seven days a week, to build the company from the ground up in a caravan.
• 5. Partly's initial focus was on helping small to medium businesses sell online, but they eventually pivoted to focusing on the automotive parts industry.
• 6. The company has experienced rapid growth over the past three years and now powers around 40% of all parts orders done online.
• 7. Fewcett and his co-founder have taken investment from notable figures in the tech industry, including Dylan Field from Figma and Akshay from Notion.
• 8. Partly has identified a specific problem in the automotive parts industry: the difficulty in finding the exact right part for a specific vehicle.
• 9. The company has talked to hundreds of customers to understand this problem and to validate their solution.
• 10. One of the biggest challenges Partly has faced was nearly running out of money during COVID-19, but they were able to push through and find solutions.
• 11. Fewcett believes that the key to Partly's success has been surrounding himself with the right people and never giving up.
• 12. He also emphasizes the importance of being honest about the business and making sure it is solving a real customer problem.
• 13. In terms of pivoting, Fewcett advises not to give up, but to be willing to fundamentally shift the focus of the business if necessary.
• 14. Partly has received investment from successful world-class business leaders, including Dylan Field from Figma and Akshay from Notion.
• 15. Fewcett credits these investors with teaching him the importance of never sacrificing the quality of the team and taking the time to hire the right people.
• 16. Partly is currently experiencing rapid growth and has plans to expand its presence in Europe.
• 17. The company's long-term goal is to create value for everyone in the automotive parts industry, build a valuable business, and do good in the world.
• 18. Fewcett believes that solving big, hairy, audacious problems is almost as difficult as solving small, localized problems.
• 19. He encourages entrepreneurs to focus on creating value and having a clear mission, rather than worrying about titles like "fastest growing."
• 20. Partly's current success is due to its hard-working team, clear mission, and focus on solving a real customer problem.
• 21. The company's story is a testament to the power of perseverance, hard work, and surrounding oneself with the right people.
• 22. Partly's growth has only accelerated over time, and Fewcett is focused on building solid business foundations for the long term.
• 23. The company has already established a presence in London and plans to scale its operations in Europe.
• 24. Fewcett's ultimate dream for Partly is to create value, build a valuable business, and do good in the world.

Source: EO via YouTube

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