Latest / Beyond Fulfillment Podcast / The Army Officer Who Didn't Think He Was an Entrepreneur (Then Built Two 9-Figure Exits)
Transcript
- 0:00when I was a small kid, we immigrated to Israel from Uzbekistan,
- 0:03former Soviet Union. My parents were in their mid thirties when they came to Israel,
- 0:08all they had is three hundred bucks in their pockets,
- 0:10entrepreneurship and becoming wealthy was never part of my dreams.
- 0:13when you're in the trenches, it's very hard to realize and actually recognize
- 0:18the importance and the value of what you're doing,
- 0:21You're so focused on this, task,
- 0:23you have this incident and you're working around the clock and it's overwhelming
- 0:27and you're flying all the time.
- 0:29good teamwork is what builds companies and poor teamwork is what ruins companies.
- 0:38All right, Arick Goomanovsky, welcome to Beyond Fulfillment.
- 0:42Thanks, Dave. Thank you for having me.
- 0:44It's a pleasure.
- 0:44Yes, thank you so much for being here.
- 0:46So, Arick, you've got quite a fascinating entrepreneurial journey.
- 0:50you started your career actually with 15 years in the Israeli special forces,
- 0:54doing cyber work specifically.
- 0:56Then you transitioned out into the private sector and you were with McKinsey
- 1:00for some time. Then you became a founder and you very quickly
- 1:04had two nine-figure exits.
- 1:06And now you've got this brand new AI company that we're gonna talk about.
- 1:10just to set the stage for our listeners,
- 1:12can you talk about your backstory and how you became an entrepreneur?
- 1:15Yeah, actually was a surprising journey for me.
- 1:19as you correctly stated, I started my career as a career officer in
- 1:23the military and I thought that I'll stay even for a longer period of time.
- 1:27But at some point I wanted kind of to broaden my horizon,
- 1:30explore other things, so I did an MBA.
- 1:33and then I went to work for a McKinsey company doing consulting work
- 1:36and what back then was one of the,
- 1:38major economic centers in the world,
- 1:40which was London, right? There was the center of the economic activity outside
- 1:44the US. and was very exciting,
- 1:46but not as exciting as I expected it to be.
- 1:48And and I started thinking what's what's gonna happen next.
- 1:51and I met an old friend who was my former superior officer in the army,
- 1:56leading the Israeli national signal intelligence unit,
- 1:58and he told me, Hey, you know,
- 2:00Arick, you know a little bit about cyber and you know a little
- 2:04bit about about consulting, and I'm starting this shop where
- 2:08I'm basically gonna build cybersecurity companies.
- 2:11and one of the companies I'm thinking of building is
- 2:14a cybersecurity services company.
- 2:16I want to build the McKinsey of Cyber.
- 2:18And as it happens, you you were with McKinsey for some time,
- 2:21and you understand a little bit about cyber,
- 2:23so why don't you join me as a co founder here in this company?
- 2:27my original thought was like Am I suited for entrepreneurship?
- 2:30Is that is that the right thing for me?
- 2:32Because I never thought of myself.
- 2:34as an entrepreneur. I've spent my life in the military.
- 2:37a career officer, and you would you could argue that the army is nothing like,
- 2:41the private sector, there is nothing entrepreneurial about it.
- 2:44and then he corrected me. He told me,
- 2:46Aric, you don't understand what you've been doing your whole life.
- 2:49You have actually been a pretty successful entrepreneur.
- 2:52you were just doing corporate entrepreneurship because
- 2:54Over and over in your career, gave you a task and you started that task by yourself,
- 3:00and two years later you had a hundred people working on that direction
- 3:03and ultimately bringing a lot of success in your military career.
- 3:07See you've been building pretty successful endeavors your entire career over
- 3:11and over again, and that's exactly what entrepreneur needs.
- 3:15So I fully trust you to be able to
- 3:17transition these capabilities into the private sector.
- 3:20and that's what we did. we started a company called Cygnia.
- 3:23It was twenty fifteen. ~ it was around the time that Mandia was acquired by FireEye,
- 3:28right? And Mandia was the first big company doing incident response work in the US.
- 3:33it was being acquired by FireEye.
- 3:35For a very large multiple for a services company,
- 3:38right? I think its revenue w back then was around a hundred million dollars,
- 3:42maybe a little bit less, and was acquired for over a billion dollars,
- 3:45ten figure exit. And a very nice multiple,
- 3:48for a services company. And we thought maybe we can replicate that,
- 3:51bring all the cybersecurity talent in Israel to work for the corporate America
- 3:56on problems like incident response.
- 3:59And back then, you know, the national threats to the corporate America were
- 4:04on the rise, especially with the Asian actors,
- 4:06right, and Chinese threat actors,
- 4:08etc., targeting more and more of the Fortune 100 and Fortune 500 companies.
- 4:14And that's what we did, right?
- 4:15So we took out the best talent we could find in Israel and We put that talent
- 4:19to work on the most
- 4:21interesting and exciting attacks that the corporate America ~ experienced,
- 4:26right? Because unfortunately, the security agencies in the US
- 4:29are tasked with protecting the US national interests but
- 4:33not necessarily the corporate companies,
- 4:35right? So it's up to the private sector to protect itself and that's what we did.
- 4:39Right. And in three years we were able to service some of
- 4:42the largest corporations in the US.
- 4:45We were able to participate in defending them from some of
- 4:49the most sophisticated attacks executed by both commercial threat actors
- 4:53but also by national threat actors.
- 4:56obviously I'm not privy to talk about everything that happened there,
- 4:59but
- 4:59a lot of these cases got published.
- 5:01There were indictment, criminals got caught by US,
- 5:04foreign services around the world,
- 5:06brought to justice in the US, right?
- 5:08We participated in all these right behind the scenes,
- 5:11worked closely with a lot of law enforcement services in the US in in that process.
- 5:16So that was a very, very thrilling three years.
- 5:19And in twenty eighteen we sold the company to a large private equity f firm.
- 5:23The company's still active, growing,
- 5:25still doing its work as an independent company,
- 5:28but owned by private equity firm.
- 5:30And I left the company around the acquisition.
- 5:32By the way, we were not planning to sell the company so so fast,
- 5:36I think that the capabilities that we brought to market were extremely unique
- 5:40and were
- 5:41very interesting for for investors they made us an offer that it was very hard
- 5:45to refuse at the time. so that's how we came to sell the first company so fast.
- 5:49Okay. Wow. So appreciate that.
- 5:51A lot to unpack there. you start off in the military.
- 5:54You initially thought you'd be a career officer.
- 5:57After about 15 years, you have this desire to do something else,
- 6:00to broaden your horizons. You get into McKinsey,
- 6:03you're in London, center of all the non-US financial activity.
- 6:07So you're like really excited,
- 6:08but yet working there doesn't really do it for you.
- 6:11It's not as exciting as you thought.
- 6:13There's something else
- 6:14kind of burning in there that you want to do.
- 6:15And you just so happen to meet a former superior officer that is starting this cyber
- 6:20company. and you hadn't even considered entrepreneurship.
- 6:23you even kind of doubted your abilities based on your previous experience.
- 6:27and this other founder is basically telling you,
- 6:29no, you've got the talent, you've got the skills,
- 6:32I believe in you. Come join me.
- 6:34And you say, okay
- 6:35and you go do it and Your experience aligns,
- 6:38your skill set is what he's looking for.
- 6:40you go to start this company. you weren't planning to sell.
- 6:42So you go from starting it, and that company,
- 6:44exit was 250 million, is that correct?
- 6:47~
- 6:47Yes, that's true. That's
- 6:48okay, within three years, right?
- 6:51So someone someone that's not even planning to be an entrepreneur and even
- 6:54has some initial doubts.
- 6:56and becomes a co-founder and exits for nine figures three years later.
- 6:59talk about what those three years were like in terms of just starting from scratch,
- 7:04scaling and achieving that level of volume and success in such
- 7:10a critical industry at that time.
- 7:12Like what was that like?
- 7:13Well, you know, when you're in the trenches,
- 7:15it's very hard to r realize and actually recognize the importance and
- 7:19the value of what you're doing,
- 7:21right? You're so focused on this,
- 7:23task, right? Like you have this incident and you're working around
- 7:26the clock and it's overwhelming and you're flying all the time.
- 7:29And back then I remember my wife and I
- 7:32I'm married, we have two boys.
- 7:33Back then they were tiny, my oldest was two years old and my small
- 7:37one was six months old when we started the company,
- 7:39right? And I was like flying all the time and not sleeping while traveling
- 7:42and working those crazy incidents,
- 7:44right? Because that's just the nature of the job,
- 7:46right? you're like a firefighter.
- 7:48And then you coming back home and then you're not sleeping because
- 7:50you have small kids it's crazy,
- 7:52right? Like you're in constant jet lag,
- 7:54you constantly want to sleep, but you're so laser focused on on your work
- 7:59and delivering value to your clients because think about what what's
- 8:02an incident response work is, right?
- 8:04someone breaks into your client's house,
- 8:07it's a ransomware situation, They've stolen some information it's critical.
- 8:12The business can go bust, right?
- 8:14And you're hand holding the CEO,
- 8:16you're kind of mentoring them.
- 8:17You have to be absolutely confident and you have to translate that confidence
- 8:20to your clients saying, Okay, don't worry,
- 8:22you're in great hands. We're gonna take care of you.
- 8:24We're gonna explain what happened.
- 8:26We're gonna understand. We're gonna kick out the threat actor.
- 8:28We won't let them come back, right?
- 8:30We're gonna help you negotiate,
- 8:31right? You're gonna do all that,
- 8:32right? But on the back end, you still have to deliver.
- 8:35The fact that you're promising doesn't mean that you're you're you know,
- 8:39you still have to go and you have to do the work and you have limited resources
- 8:42and you have to
- 8:43work extremely fast. it's a very tough job.
- 8:46after doing that for a few years it's actually becoming a little bit difficult.
- 8:51But you're so focused, you don't have the moment to breathe and step out
- 8:54and look at this and say, hey,
- 8:56it's unbelievable what we have been able to build here over the last couple
- 8:59of years.
- 9:00but luckily that specific co-founder,
- 9:02he was our chairman, Nadab. He runs Checkpoint today,
- 9:05by the way. He's the CEO of Checkpoint Today,
- 9:06one of the largest security companies in the world.
- 9:09he had this vision and he was able to help us kind of navigate the company towards
- 9:13a very successful exit. And frankly,
- 9:15when the figures started coming in and we realized
- 9:18what's the outcome gonna look like,
- 9:19right? And it's really there and it's materializing,
- 9:22it was hard to believe in the beginning,
- 9:24right? Because as you said, very short period of time,
- 9:27very successful exit. It's a services company.
- 9:29So the multiple was very high even for a product company,
- 9:32but now to speak about a services company.
- 9:34there was a short euphoric moment,
- 9:36but then we had to, get back to work,
- 9:38right?
- 9:38Because even if you're you're doing a successful exit,
- 9:41there are still clients that need your attention,
- 9:43there are still employees that need your guidance,
- 9:45right? There are still investors,
- 9:46et cetera. So still a lot of work to do.
- 10:24Okay. So like you said, when it really started materializing and
- 10:28you realized what was gonna happen,
- 10:29like you said, it was euphoric and like surreal,
- 10:31almost kind of hard to believe,
- 10:33given that breakneck speed that you were working at,
- 10:36and like you said, flying all the time,
- 10:38no sleep, young kids, every day at the office is like a an adventure with some some
- 10:44kind of crazy high stakes.
- 10:46situation you're involved in. what was the emotion when the exit
- 10:49was finally final and you realized that it it had been done?
- 10:52Look, there was obviously a at least for me,
- 10:55a sense of relief, just to give you a bit of background,
- 10:57I don't come from a very like whatever privileged background.
- 11:00when I was a small kid, we immigrated to Israel from Uzbekistan,
- 11:03former Soviet Union. My parents were in their mid thirties when they came to Israel,
- 11:08all they had is like something like three hundred bucks in their pockets,
- 11:11and good education and
- 11:13big aspirations, But to make it in the Israeli dream,
- 11:16like the American dream, but hardworking people,
- 11:18my mom's a teacher, my dad's an engineer,
- 11:21They were never entrepreneurs for them,
- 11:23the top of their dream was like to have a home of their own,
- 11:26to have a car and to build a future for their kids,
- 11:29the background I come from.
- 11:30entrepreneurship and becoming wealthy was never part of my dreams.
- 11:34I'm a scientist by education. I've been doing engineering
- 11:38and strategy and government work for many years.
- 11:40but you always have this thought at the back of your head,
- 11:44like, okay, I have to put bread on the table every day from now until,
- 11:48I'm gonna have kids, I need to put them through college,
- 11:50Like all the concerns that we all have,
- 11:52right? Then in our day to day life.
- 11:54and having that feeling that you have that done,
- 11:58that you probably don't have to worry about like putting,
- 12:02bread on the table for the rest of your life,
- 12:04it's huge. It's huge.
- 12:05because now you can start really dreaming about doing extra stuff,
- 12:09doing things beyond the day to day survival or keeping lifestyle that is nice,
- 12:15you can really start thinking about other things as well,
- 12:18that go beyond.
- 12:19All right. So the exit happens and then so what happens next?
- 12:22Yeah, so as it happened, I was anyway planning a transition to my next thing.
- 12:26I kind of realized over that three years that I'm exceptionally good
- 12:30of taking a company from a zero to a hundred,
- 12:32I'm probably not the right person to take it from,
- 12:35one hundred to one thousand, right?
- 12:36it's a different type of character that is necessary.
- 12:38It's a different set of capabilities.
- 12:40And that I really like to build things from zero to one,
- 12:43that's where I thrive, that's what I'm doing best.
- 12:46so I joined forces with a bunch of old friends back from the army days,
- 12:50glory days. one of my friends just exited his first company as well,
- 12:54also in cybersecurity. We joined forces with two other experienced co-founders
- 12:58and start another company called Ermetic
- 13:01this time a different story for me.
- 13:03I went from a services company to a product company.
- 13:06For those of our listeners and viewers who know about this business,
- 13:10these are totally different types of businesses,
- 13:12selling a product is nothing similar to selling a service business.
- 13:15and I find myself in the seat of a CRO of a product startup.
- 13:19because among the four founders,
- 13:20I'm the one with most commercial experience.
- 13:23and I find myself leading and building a leading sales organization,
- 13:27but for a product company, which before that I was doing for a services company.
- 13:30So again, I have to start from the beginning to learn how you build
- 13:35a go-to-market organization for a product company,
- 13:38how do you build pipeline, how do you do sales development,
- 13:41how do you do pre-sale, how do you close deals,
- 13:44like how do you customer support and success.
- 13:46that's what I'm doing over the next three to four years.
- 13:49All right. So you make the exit,
- 13:51you reunite with a bunch of army buddies,
- 13:54right? One who just had an exit,
- 13:55everything lines up, so you're starting this product company totally different than
- 13:59the services company you had prior.
- 14:01You wind up being the chief revenue officer and start building out
- 14:04the pipeline and going through that whole process.
- 14:07And then ironically enough, a very similar trajectory four years later,
- 14:11another nine figure exit. talk about how that unfolded,
- 14:14how a startup a product company.
- 14:17So that's not something you were used to.
- 14:18So you're learning all over again.
- 14:20But yet four years later, that exit was three hundred million dollars.
- 14:24Yeah, that's true. was three hundred million dollars.
- 14:26actually it was a classical roller coaster right.
- 14:28we start very fast. We raise a pretty sizable back then,
- 14:32twenty eighteen, twenty nineteen.
- 14:33pretty nice seed round and then less than a year later Excel comes
- 14:37in they wanna lead our A round,
- 14:39they believe in the team, they've invested in part of the team prior,
- 14:42in some of our previous startups.
- 14:44We're super excited we're running fast,
- 14:46we're starting selling, ~ we're already a couple of millions in revenue,
- 14:49and then an offer comes in to buy the company for 200 million dollars roughly from
- 14:54one of the leading cloud vendors,
- 14:55and we're kind of sitting on the fence and we're trying to understand,
- 14:58hey, should we exit or should we continue working?
- 15:01And we're four founders
- 15:03We're not certain. It's not a unanimous decision.
- 15:05people are having ~ second thoughts.
- 15:07So there is an option to either sell the business very nice exit two years later,
- 15:13but there is also an opportunity to raise another very,
- 15:16very nice B round and continue on building the company.
- 15:19and ultimately we decide to raise a B round and continue scaling the company.
- 15:23And what happens then is
- 15:252023, there was a hype in the market and then with the the bust in the market
- 15:30and we realize that things are not going as well and the competition is hard.
- 15:34And we are growing but we're not growing as fast as the competition
- 15:38but we're burning a lot of cash.
- 15:40so we understand that we have to extend our runway,
- 15:42right? So we're doing what everyone else is doing at that time.
- 15:45We're trying to extend our runway.
- 15:46So we're shrinking the company
- 15:49scale a go-to-market organization from zero to like 80 people over a year
- 15:53and then to shrink it to like 50 people over six months,
- 15:57it's a very tough process of hiring and then letting people go while you're still
- 16:01continuing to sell and grow the business right so we took the business from zero
- 16:05to two million to six million to twelve million and then we
- 16:08are finding ourselves it's 2023
- 16:10the cash is gonna end at some point.
- 16:12We need to raise another round.
- 16:14The market is not looking great.
- 16:16We're getting some offers, but they're not like great offers.
- 16:20It's definitely not gonna look like a huge up round if at all.
- 16:23and then we have this offer coming in to buy the business.
- 16:27We're starting to start negotiating and then another offer comes in.
- 16:30And we're in this crazy situation where we have an offer on the table,
- 16:34a potential offer like up in the air,
- 16:37and also an offer to another investment realm,
- 16:39and we have to navigate all that with this complex situation in the market,
- 16:43with the strong competition, ~ with a number of founders in the company that
- 16:48do not always think
- 16:49the same about like where we should be taking the company.
- 16:52So it's a complex situation to navigate,
- 16:54right? And it's complex for each and every one of us,
- 16:57the founders, it's complex for the company.
- 16:59But ultimately we decide to take one of these offers.
- 17:02we negotiate a good deal ~ for us.
- 17:04We it's also an excellent deal for the buyer.
- 17:07And we decided that in order to be able to compete in the market with
- 17:10the strong competition, we have to join forces with someone strong.
- 17:13And we sell the business to a public company,
- 17:15a public established company with
- 17:17almost one billion dollars of revenue,
- 17:19around five to six billion dollars of market cap,
- 17:23one thousand sellers in the market,
- 17:25one thousand engineers. So we identified that to be a great home for us
- 17:29and and we decide to sell the business to a public company in the US called Tenom.
- 17:33the product company, what was the product that you were selling?
- 17:35Yeah, so we were in the space of cloud infrastructure security,
- 17:40specifically in cloud identity and permissions in the cloud,
- 17:44and that was the space that we were focusing on.
- 17:46All right. And then so you make that exit too.
- 17:49And like you said, there were some ups and downs.
- 17:51You had multiple rounds. you had an offer a couple of years back.
- 17:54You decided to decline it, keep raising more money and keep extending.
- 17:58And then you had some challenging time.
- 18:00But ultimately too, you still landed on a very nice exit and made
- 18:04the best of everything that happened even four years into to starting that company.
- 18:08yes, that's true. I think it was a true entrepreneurial journey where
- 18:11not everything aligns perfectly and you have challenges and you work through these
- 18:15challenges, right? And you work with the market and you work with your
- 18:18co founders and your investors to ultimately navigate the company to a safe haven,
- 18:23for everyone, for the employees,
- 18:24for the investors, for for the founders.
- 18:27Okay. given that was so much different than your first entrepreneurial experience
- 18:31and exit, what's the most important lesson you took from that whole process?
- 18:35Teamwork. actually I took it from my first company and the second company that good
- 18:39teamwork is what builds companies and poor teamwork it is what ruins companies.
- 18:44if you have a good team and they know how to collaborate and work together well,
- 18:49then at least you have a good chance of getting to a good outcome.
- 18:52It might not be the perfect exit,
- 18:54But
- 18:54it's probably gonna be a much better outcome.
- 18:56But if you don't have a a well functioning team and where everyone knows
- 19:01the role and they want and are willing to work together,
- 19:04then your chances of making anything successful are very,
- 19:08very low.
- 19:48And another question, how important do you think your military experience
- 19:53in the first part of your career was to these two entrepreneurial stints
- 19:57you had in those exits? how much do you think that prepared and helped
- 20:00you for those experiences?
- 20:01Think it's a fair question. I think
- 20:03There is a lot about how you cope with stress and how you build and scale teams.
- 20:08these are definitely experiences that I I've gained in my first part
- 20:13of my career right in the military.
- 20:14obviously the professional part as well,
- 20:16right? Because that's where I started doing cybersecurity
- 20:19and building my cybersecurity knowledge,
- 20:21etc. But I think the the really well
- 20:24translatable skills are how do you cope with stressful situations,
- 20:28how you keep calm in stressful situations,
- 20:30and how you build a and lead a strong team in those situations.
- 20:34I think these are the most important personal traits that I've gained
- 20:38in my military career.
- 20:39But I think a lot of people, most of the people,
- 20:41most of the successful founders,
- 20:43they don't come from the same background.
- 20:44They come from different backgrounds.
- 20:46obviously in the US, right, where there is no obligatory military service,
- 20:49most of the people don't go through through that experience and they still build
- 20:53amazing, unbelievable companies,
- 20:56right? And I don't think it's necessary.
- 20:58in my view,
- 20:58One should have in order to be a successful founder is dedication and agility.
- 21:03You have to be very adaptable.
- 21:05You have to be able to be responsive to the market,
- 21:07especially what happens today with the AI market,
- 21:10it's moving so fast that you have to like really reinvent yourself every six months,
- 21:15so you really have to be very adaptable and you have to be dedicated.
- 21:18And everything else is secondary.
- 21:20Okay. All right. and that's a good segue into your next company,
- 21:23which is Band AI. So talk about what that is and why you decided
- 21:28to start this company.
- 21:29Yeah, so basically the reason I decided to start this company because it's gonna
- 21:32be much easier to explain what we're doing compared to my previous companies
- 21:36in cybersecurity.
- 21:36Yeah.
- 21:37but we believe that the world is going agentic.
- 21:39There are gonna be AI agents all around us,
- 21:42obviously in the enterprise doing a lot of work that humans are doing today,
- 21:45but also supporting us as consumers.
- 21:47We're gonna have like ten different,
- 21:49digital type of assistance focused on different types of work that we have to do,
- 21:53right?
- 21:53And in order for this amazing,
- 21:55vision of agentic economy to really come true,
- 21:58agents need the capability of collaborating with each other,
- 22:02just like humans do. and we have these human collaboration platforms whether it's
- 22:07signal or whatsapp or telegram for our personal use or if it's Teams or Slack.
- 22:13in the enterprise space, agents don't have any of that.
- 22:16And actually agents need that more than we are,
- 22:18because if you think about what an AI agent is,
- 22:21they are not social beings. We carry millions of years of evolution,
- 22:26hundreds of thousands of years of you know society and and social interactions that
- 22:31made us social beings.
- 22:33Agents are not social beings. They were not trained to be social,
- 22:36They were trained to, fast answer complex questions,
- 22:39that's what they were built for.
- 22:41if you want agents to really be able to work together,
- 22:44there are a lot of engineering challenges that you have
- 22:46to solve cross-communication, how they speak to each other,
- 22:49and how you enable that, collaboration,
- 22:52how they work together, and on top of that,
- 22:55the control.
- 22:56and management primitives that we need to introduce because you don't want them
- 23:00to do whatever they want. We all saw what happens when you let a bunch
- 23:04of agents run freely, they go around and and hack places like Hugging Face,
- 23:08etc. Right? So we don't want that on one hand,
- 23:11but on the other hand, us as managing team of agents,
- 23:14we want to be able to manage them effectively,
- 23:15right? If I have a team of agents working for me,
- 23:18I want to know what they're working on.
- 23:20I wanna be able to guide them,
- 23:21I wanna be able to direct them,
- 23:23I wanna be able to steer them into the right direction,
- 23:26give them feedback, improve their work,
- 23:28etc. Right? So
- 23:29in order to us for us to make this dream of the agenic economy come true,
- 23:34agents need that ability to work together and collaborate.
- 23:37And this is what we have built here at Band Band is basically
- 23:40the collaboration platform for AI agents and
- 23:43It's a place where agents can come to and once they connect to the platform,
- 23:48they can see other agents who are on the platform that they are obviously allowed
- 23:53to see, right? And that's where the human control kicks in.
- 23:55And once they see other agents,
- 23:57they can invite them into channels,
- 23:59they can start full duplics, stateful,
- 24:02peer-to-peer, but also multi-peer conversations,
- 24:04delegate tasks, receive tasks,
- 24:07discuss.
- 24:08work right and on top of that we as humans have full visibility into
- 24:12how these agents are working, we're able to improve their collaboration
- 24:17and their work together and we can guide them into the right direction.
- 24:22right. And then so where is this company in terms of its life cycle?
- 24:25Yeah, so we are, a young company,
- 24:27but in AI everyone is a young company,
- 24:29right? even anthropic are our young company.
- 24:31We started a year ago. we raised so far almost twenty million dollars
- 24:35in in funding from leading investors.
- 24:38we have close to thirty people on the team.
- 24:40we work with a lot of different organizations,
- 24:43mostly obviously tech,
- 24:45friendly organizations. These are either,
- 24:47you know, some of the largest chip manufacturers in the world.
- 24:51that are very important to the AI space,
- 24:53with some of the leading tech forward financial institutions.
- 24:57we work with cybersecurity companies,
- 24:59we work with insurance companies,
- 25:01And in all these companies what we do,
- 25:03we basically help them scale and manage their multi agent systems.
- 25:08we help them bring different agents from across the enterprise,
- 25:11allow these agents work together on different tasks,
- 25:14etc.
- 25:14Okay. All right. And so given your previous two experiences too,
- 25:19with the short timeline with the exit and the kind of some very action packed
- 25:23entrepreneurial stints, right,
- 25:25with those previous two companies,
- 25:26what's it like now with this new company in a different space and kind
- 25:30of running things yourself?
- 25:31So first of all, I have to admit I after my two exits,
- 25:35you know, one straight after the other,
- 25:37I wasn't that excited about starting a new company so soon,
- 25:40that wasn't a plan. but part of my dream was to play a role or maybe
- 25:45to contribute to the AI revolution that we are under.
- 25:50And I truly believe that humanity is undergoing a revolution.
- 25:53It's something probably gonna be similar to the industrial revolution.
- 25:56Just instead of taking a hundred years,
- 25:58it's gonna take us ten years. And the impact on you know where the humanity
- 26:03is gonna be ten years from now is gonna be huge.
- 26:06And I thought that, standing on the sidelines,
- 26:08taking an outsider view on that,
- 26:10It's not something that I can allow.
- 26:11myself to do like I I'm privileged to be able to play in this space right
- 26:15and contribute to that and I said okay let's let's do it and this area
- 26:20of agentic collaboration my co-founder and I quickly identified that
- 26:23as like the missing layer in the agentic step and we said okay this
- 26:27is our opportunity to make something very very meaningful here and that's
- 26:31how we got into the space
- 26:32It's unbelievably exciting to be able to be part of that today and to
- 26:37be part of where this industry is going and to be part of how fast this industry
- 26:42is evolving.
- 26:43right. And Arick, when you look back on your whole journey,
- 26:45right, with the military service and then the McKinsey stint and then these
- 26:50two exits and then now you right you weren't even in a hurry
- 26:54to start another company, but like you said,
- 26:56you really feel strongly about this.
- 26:58We're in the AI revolution and you want to contribute in a meaningful way.
- 27:02Looking back on your whole entrepreneurial journey,
- 27:04what's been the best part of it for you?
- 27:06the need to learn new stuff and to reinvent yourself over and over and over again.
- 27:11That I think was the most exciting part,
- 27:13Because you're transitioning from the army to McKinsey,
- 27:16so you have to learn what the private sector looks like and what's working
- 27:20for a multinational consultancy firm looks like,
- 27:23in a central financial hub like London.
- 27:25And then going from that to a small startup and learning how do
- 27:29you sell services and how do you incident response and then again starting from
- 27:34a clean slate over again and learning what it means to go and build a business
- 27:39in a product company and then you know starting something new now in
- 27:43a totally new field of AI and agentic AI and also in a new role of a CEO,
- 27:49right? So
- 27:49had to learn again and reinvent myself and the company,
- 27:53I think that's the most exciting part of the journey.
- 27:55All right. And Arick, if people want to learn more about band AI or connect with
- 27:59you personally for any reason,
- 28:01what's the best way people can find you online?
- 28:02Yeah, very easy. We're at www.band.ai.
- 28:06please go there or you know, hit me on LinkedIn,
- 28:09Arick Goomanovsky band AI. we would love to hear from you.
- 28:13Okay. All right. Well, Arick, thank you so much for taking the time to
- 28:16be here and sharing all this incredible wisdom from your journey with our listeners.
- 28:20We greatly appreciate it.
- 28:22Thank you, Dave. Thank you for having me.
- 28:23It's a pleasure.