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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