From Closet Startup to Fast 500: Embracing Failure as a Stepping Stone to Success

As the co-founder of Mosaic Tech, a strategic finance platform, Bijan Moallemi shares his journey from Palantir to entrepreneurship, highlighting the importance of persistence, learning from failure, and staying focused on customers' needs.

1. Losing a point in a match or a deal in a startup should not be dwelled upon, as it can lead to losing the next point or opportunity.
2. Bijan Moallemi is the founder and CEO of Mosaic Tech, a strategic finance platform that automates manual work for finance teams.
3. Moallemi's father, an immigrant from Iran, instilled in him a strong work ethic and tenacity, which he first noticed in himself through tennis.
4. He trained harder than everyone else to have a chance to win any match, even if it meant practicing in sweatpants and a hoodie in 100-degree weather.
5. Moallemi joined Palantir, a rocket ship company with unorganized finances, where he helped build and scale the finance team.
6. The finance function at Palantir wasn't built out yet, making it difficult to answer basic financial questions for the business.
7. Excel was used for all financial work, which took up so much time that answering important questions took days or weeks.
8. Moallemi and his co-founders left Palantir to become CFOs at other high-growth VC backed companies and realized that the problem they solved at Palantir was needed by all companies.
9. Mosaic Tech, a strategic finance platform, was built to help companies understand their finances through automation and data integration.
10. Moallemi and his co-founders spent hours paging through a dictionary to find the right name for their company, eventually landing on "Mosaic" because it represents pulling in data from various sys
11. Mosaic Tech is a small startup that hasn't raised any money yet, but they are passionate about bringing innovative technology to the finance persona.
12. Moallemi and his team value persistence and giving 110% every day, even on tough days.
13. One of Mosaic Tech's core values is "champion the customer," which involves understanding what customers want and need through spending time with them.
14. Listening to customers requires making sure to listen to the right customers and not focusing too much on what one individual customer might be saying.
15. Mosaic Tech has a Rapid Response Team that allows for quick wins for customers without bending and changing the bigger roadmap.
16. Focus is important as a startup, and it's less about what you're building and more about what you're not building.
17. Moallemi saw an opportunity to bring innovative technology to the finance persona, which has been lacking in technological advancements for the past 40 years.
18. Mosaic Tech aims to make the role of the CFO easier through their strategic finance platform.
19. Moallemi believes that success requires persistence and being ready to overcome tough days for many years.
20. Being a founder is not for everyone, but it can be an amazing experience for those who are persistent and willing to put in the work.
21. Moallemi learned from his experiences at Palantir and other VC backed companies to build Mosaic Tech, which addresses a mission-critical problem for all companies.
22. Mosaic Tech's platform integrates data from various systems across the business to provide a comprehensive view of a company's finances.
23. Moallemi's background in tennis and his father's work ethic have influenced his approach to building Mosaic Tech, including training harder than everyone else and being persistent in the face of c
24. Moallemi believes that failure is a learning opportunity and not a final destination, which has helped him stay motivated and focused on building Mosaic Tech into a successful company.

Source: EO via YouTube

❓ What do you think? What are the key mindsets or attitudes that have enabled you to overcome setbacks and continue moving forward in your entrepreneurial journey? Feel free to share your thoughts in the comments!