Boatbay Entrepreneur Shares Entrepreneurial Insights
Boatbay is a community driven website connecting boat and yacht owners, with people looking to rent, charter or crew watercraft of any kind. Boatbay is the first boat rental marketplace focused on the Asia Pacific and the Middle East, the two biggest emerging markets for sailing and yachting. It is the Airbnb for boating, yachting and people who want to experience a social activity on the water.
Our customers are people who want to hire any type of watercraft, whether that be for 1 hour on a fishing boat in Dubai, to a corporate event for 80+ people in Singapore, to a sailing holiday around Phuket with the family for 5 nights or a Submarine ride in Bali.
Join us as we discover more about Tim Gundry, co-founder of Boatbay in the short interview below.
How did you come up with the name for your company?
The business is boating related – “boat”.
We chose “bay” as it plays off Mosman bay in Sydney Harbour or any bay for that matter, San Francisco Bay area and ebay.
How did you get funded initially?
Seed funded by my brother Nick, who is co-founder of travelmob and another guy from facebook, Dibyo Haldar.
How many people did you start the company with and how many people work for you now?
Started with 1 person and now we have 4 people.
How many failed startups were you involved in before this?
This is my first.
What’s the top 5 Struggles you face as an Entrepreneur?
1. Not having enough hours in a day
2. Prioritizing product over marketing
3. Managing overseas vendors
4. Thinking big whilst managing all the smaller day to day activities
5. Trying to find time to spend with loved ones
At which point will you consider yourself a successful entrepreneur?
When we build a scalable and profitable business which our users love.
What inspires you? Or Who?
People who are willing to risk everything for a passion.
Do you have an inspiring quote which you like to share?
If opportunity doesn’t knock, build a door.
What advice do you have for fellow entrepreneurs getting started?
Believe in yourself even though others may not.
I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.
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