Business
In this episode of 100xEntrepreneur Podcast, we take you through Jay Vijayan’s journey from working with Tesla, VMware, Oracle to building a Billion Dollar Company, Tekion. Tekion has raised $150 million as part of its Series C financing led by private equity firm Advent International, at over $1 billion valuation.Jay’s insights which we discuss during the podcast are on -Notes - 00:58 - From working at Oracle, VMware, & Tesla to Founding Tekion 05:21 - From bootstrapping to getting VC funding10:25 - Thoughts on Founder & VC alignment13:40 - Challenges for startups in the Automotive retail industry16:13 - Building a single platform for OEMs, dealers & customers22:25 - Getting General Motors, Nissan–Mitsubishi, FM Capital, Exor (Fiat Chrysler, Ferrari) on Tekion’s cap table24:02 - Developing end-to-end solution for Mid-Small Dealers - Automotive Retail Cloud31:08 - ARR growth42:19 - Creating transparency for customers while buying a new car49:52 - “Life is a never-ending journey of learnings”.54:58 - What has always stopped him from settling down?58:19 - “When an egg-shell break from within - Life begins, but when it breaks from outside - Life ends.”- Jay’s philosophy on continuously pushing himself 1:03:25 - What made Elon Musk approach Jay twice in a span of 12 months for the CIO role at Tesla1:14:17 - What core things he learned from working with Elon at Tesla?