Company Stats

• Founded: 2019
• Users: More than 200,000 users, with over 7,000 on the paid tier
• Employees: 12

Episode Highlights

• ✅ Hexact automates data collection and analysis, saving businesses valuable time.
• ✅ Stepan Aslanyan leverages 20 years of entrepreneurial experience to drive Hexact's success.
• ✅ Hexact's platform integrates with GPT, enhancing its data processing capabilities for users.

Episode Summary

In this episode, Stepan Aslanyan, co-founder of Hexact, shares his entrepreneurial journey and insights into building successful tech businesses. Hexact, founded in 2019, has grown to over 200,000 users, with 7,000 on the paid tier. The company specializes in workload automation, helping businesses with data scraping, collection, and analysis. Stepan discusses the challenges and successes of his various ventures, emphasizing the importance of adapting to market demands and the accidental nature of business exits. Hexact's integrates with advanced technologies like GPT to enhance its automation capabilities, making it a valuable tool for e-commerce and data-intensive businesses.

Notable Questions We Asked

Q: What inspired you to start Hexact?

A: My entry into the tech business was very accidental. I saw the dot-com boom and decided to start an online store in Armenia.

Q: How did you pivot from your first idea to focusing on web development?

A: After realizing the demand for websites, I shifted from e-commerce to selling websites. Over seven years, we became the biggest web development company in Armenia.

Q: What lessons did you learn from your initial e-commerce venture?

A: I learned that timing and market readiness are crucial. Launching an online shop in Armenia in 2001, with limited internet access, was premature.

Q: How do you identify when it's time to sell a business?

A: It's never planned. You start with an idea and a problem to solve. The decision to sell comes when you realize it's the right time to move on.

Q: What are the core problems that Hexact is solving?

A: Hexact allows users to delegate repetitive tasks related to data collection and data analytics, especially in e-commerce and research-intensive areas.

Chapters:

00:00 Intro

00:06 Company Stats

01:16 Stepan's Entrepreneurial Journey

04:03 Insights on Business and Exits

06:08 Contact Hexact

#Entrepreneurship #TechStartups #Automation #DataAnalytics #BusinessGrowth #Ecommerce #WorkflowAutomation #StartupSuccess #Innovation #TechSolutions