Founders And Funders

When a business becomes venture-backed, leadership and company ambitions often change. Yona Shtern, the new CEO of ParkWhiz, shares his side of a successful transition story. Subscribe to Founders and Funders on iTunes, TuneIn, Stitcher, Google Play, iHeartRADIO, and Android Podcast Players. Episode Summary It sounds so simple: Create an app that allows users to pre-pay for and have a parking spot available when they arrive at their destinations. The idea came to Aashish Dalal one day when he wanted to get a prime spot near Fenway Park in Boston, and now ParkWhiz (the resulting app) has grown into a venture-backed business serving more than 40M customers across the U.S. and Canada. The company also partners with hundreds of sports teams, event venues, hotels, airlines, and other clients. The technology behind ParkWhiz is worth its own coverage, but the real story of this episode — featuring the company's CEO, Yona Shtern — is the transition that ParkWhiz has gone through since becoming venture-backed. Man