We all start off with these wild dreams as kids - dreams of who we want to become, what we want to create, and what we want to achieve….. and some of us keep having those dreams. But for most of us, something happens and we end up not taking the path of fulfilling our dreams. Something gets in the way and instead we end up taking a very traditional path: get a degree, get a job, then keep climbing the career ladder. The traditional path makes sense because of - Culture - e.g. "my mom will kill me if I don't go to college" - Society - e.g. "You're working on something and it's not doing anything?" - Security - You need money to pay the bills For some people, the traditional path works and they love it. But for others, they go down the traditional path and they're left wishing they went down another path. Enter Farza Majeed, my guest today, and his company, Buildspace. Farza created Buildspace to give an alternate path to the dreamers. They are building the Hogwarts for builders and dreamers. In other words, Buildspace is a school for people that don't want to just "get a job. Buildspace is a place where you can figure out what you're passionate about, create something you love working on, and then learn how to turn that creation into a financially sustainable path you can pursue full-time. The end goal? people working full-time on their creations sustainably - that means teaching you to figure out how to make money, raise money, get government grants, whatever needed. The basic way Buildspace works is that they have a collection of "Builds", which is a sort of guided course / project within a specific domain, such as Web 3 or AI. For example, they have a build on how to use GPT-3 and build a simple website that uses GPT-3. Buildspace was started in 2019 and they have pivoted 10 times. Now they've become extremely prolific - over 125,000 people have built something using Buildpsace, 1000s have attended IRL events, and some have started multi-million $ agencies, found co-founders, and even gotten funded for their own startups. Buildspace recently raised $10M at a $100M valuation from A16z and many others. The platform is free to use because they're profitable off of their sponsorship model, which means companies that want more awareness around their tools, such as OpenAI, will sponsor builds. 💬 Discussed in this episode... 0:00 Intro 3:23 What does founder's inc mean to you? 6:19 Being authentic vs emulating others 9:53 The danger of wanting to build a billion dollar company 11:41 The story of Farza starting his first company at 13 15:15 Overcoming extreme parental expectations 18:07 What is Buildspace? 25:44 How is Buildspace different from regular online courses? 26:57 The important of Buildspace culture and how it was built 34:00 The most toxic mentality in tech 39:06 The Buildspace journey and the 10 pivots along the path 55:01 What does "building" mean? What's the mindset? 57:57 How did you get your first 1000 users? 1:00:57 The Buildspace brand 1:06:53 Raising $10M at a $100M valuation 1:11:15 Rapid fire questions: favorite color, Naruto, and Chai Recipe 1:12:40 What is your mountain? 1:16:05 Why Farza wants to be immortal Follow Farza on Twitter: https://twitter.com/FarzaTV Check out Buildspace at: https://buildspace.so ______________________________________________________________________ 🎙️ This podcast was recorded in a studio provided by Founder's Inc in San Francisco. F.inc is a community of relentless founders building epic companies: https://f.inc 🎶 Music provided by Auribus.io - handcrafted music for all media 🙋🏻♂️ YOUR HOST: Julian Alvarez is the Co-founder & CEO at Mindflow. Learn more about me through my growth journeys on Mindflow (@infinitejulian) https://apple.co/3BY7Nry 🚀 OUR MISSION: Our mission is to introduce you to the ideas and entrepreneurs that will inspire and empower you to solve the world's biggest problems. 🌐 OUR WEBSITE: https://inventingthefuture.ai 🦜 FOLLOW US on socials for small doses of podcast clips, startup wisdom, tech entrepreneurship stories, news, and more ▶️ TikTok: https://tiktok.com/@inventing.the.future 📷 Instagram: https://instagram.com/inventing.the.future 📧 Newsletter: https://bit.ly/itf-newsletter 🎧 Other Platforms to Listen On 🎙 Spotify: https://bit.ly/itf-spotify 🍎 Apple Podcasts: https://bit.ly/itf-apple 📅 Connect With Julian: 🐥 Twitter: https://twitter.com/infinitejuliaan 🌎LinkedIn: https://www.linkedin.com/in/julianalvarez42 #31 #entrepreneurshippodcast #entrepreneurship
Founder of Buildspace, Farza Majeed joins our group of young founders on THE PATH PODCAST from the Founders Inc. studio in San Francisco. The Path is the #1 podcast in the world for young founders, entrepreneurs, and creators, hosted by Alex Schachne and Arib Khan, with special guest host Imran Muthuvappa, co-founder of Kayyo (https://kayyo.co). We discuss everything from Farza's early days as a founder, starting Buildspace + raising $10m from YCombinator and a16z, creating a new life path for builders and creatives, finding mentors, faith, failure, finding meaning & more… Timestamps: 0:00 Intro 1:21 Buildspace + creating a new school 2:30 Getting into YCombinator 3:40 Reflecting on startup life 4:37 Buildspace's vision 6:52 Changing the culture of education 8:14 Imran’s path from restaurant server into startups 10:10 The history of the school system 11:33 A new path for young builders 12:35 Scaling Buildspace to 100,000 students 16:20 Finding the mentor that changes your life 17:35 How Farza met Furqan + Sharif at F.inc 19:50 How Imran met his cofounder on TikTok 21:05 How Alex found Farza + F.inc 22:40 Farza giving his brother 10k to move to SF 24:00 How Arib joined Buildspace + F.inc 26:25 Serendipity + taking chances 27:45 Faith and the spiritual journey for founders 29:30 Imran’s relationship with Islam + mental health 38:08 Farza’s journey with failure + faith 42:50 Imran on designing his life 45:20 Suffering + finding meaning in life