(0:17) Rob introduces Matt Spettel, Co-Founder and CEO of CoPilot. (1:02) Matt discusses his journey from early videogame and robotics development to attending CMU where he worked on a few different startup ideas. (2:45) Rob asks Matt what led him from videogame and robotics development to fitness. (3:04) Matt shares that he attended an engineering camp in high school where he met his long-term fitness coach and future Co-Founder at CoPilot, Gabe Madonna. (5:40) Pat comments on Matt's journey and asks him about raising a Series A and what his plans are after having done so. (6:10) Matt delves into the importance of willingness to pivot and iterate on ideas until you find an idea that people care about. Once you have an idea that people care about and the metrics to back your idea up then you can go raise funding. But once you do it doesn’t really change the fundamental problem you’re trying to solve for your customers, it just gives you more resources to reach your goals and objectives. (10:09) Pat comments on geography and how it can impact raising rounds. (10:25) Matt discusses that their investors have a huge geographic spread as they are located all across the US. He mentions that pitching to investors really doesn’t change too much by location, they all want to see numbers, metrics and know that you can scale the idea though some areas tend to have investors who are more open to risk. (12:28) Rob comments on how Pittsburgh is generally the home of B2B focused startups and asks Matt why he chose to stay in Pittsburgh when starting his consumer-based startup. (13:10) Matt delves into how the CoPilot idea is different than others who have generally lived in the same fitness space. Most startups in the fitness space seem to be focused on making fit people more fit, but CoPilot is unique in that it’s addressing the core problem of unhealthy lifestyles by encouraging people of all fitness levels, especially those who are inactive, to make changes. That uniqueness seems to fit in well with Pittsburgh. (15:18) The power of the CMU and Pittsburgh community is that we’re all about helping each other grow. Tell our listeners what they can do to help you. Matt shares that they are always looking for new users on the CoPilot platform as well as searching for new talent to hire.
Pat O’Donnell: https://www.linkedin.com/in/pat-o-donnell-78993267
Rob Miller: https://www.linkedin.com/in/robert-miller-b4177b82/
Matt Spettel: https://www.linkedin.com/in/matt-spettel/