Cem Garih

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Cem Garih

Cem Garih

@cemgarih

Formus Capital | Alarko Holding | Yenibirlider Derneği

London - Istanbul Katılım Mart 2012
652 Takip Edilen11.9K Takipçiler
Cem Garih
Cem Garih@cemgarih·
Our portfolio company, Deel, just launched a global competition with J.P. Morgan called The Pitch, putting up a $15M+ investment pool to find the best seed-stage founders globally!! 🏆$50,000 in investment for up to 100 regional winners 🌎$1,000,000 in investment for up to 10 global champions Apply 👉   deel.com/the-pitch-by-d…
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Y Combinator
Y Combinator@ycombinator·
Congrats to @LetterAI on their $40M Series B and the launch of Letter Compass! Letter Compass ensures the best of what your company knows—messaging, playbooks, product details, competitive intel—shows up when it can actually influence the deal. letter.ai/blog/announcin…
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Cem Garih
Cem Garih@cemgarih·
One of the best founders & CRO’s of our generation..
Shuooo Wang@shuooo

How to go from 0 to $1B in Sales w/out Sleaze When you think of sales, you picture The Wolf of Wall Street—slicked-back hair, cocaine confidence, ripping people off. This. Doesn't. Work. Sales = Problem Solving x Shamelessness x Clarity New model: 'Sales Engineer' The Sales Engineer doesn't rely on charm or manipulation. She doesn't memorize closing techniques. Instead, she obsesses over one thing: solving a painful problem so comprehensively that the product sells itself. The Wolf of Wall Street sells you something you don't need. The Sales Engineer builds something you can't live without. The first fundamental law of sales I used to sell scooters and ATVs at a flea market in Baltimore. I had just moved to America, was 16, and barely spoke English. I wasn't smooth enough to trick anyone. You might think selling motor vehicles with broken English at a flea market would be the hardest sale in the world. But it was actually simple. While everyone else was selling fruits and vegetables, we were the only ones selling motorcycles and ATVs. It was easy to start a conversation. We were selling a good product at a steep discount because we imported them from China. I didn't need smooth talk. I just needed to show them the product and the price. That experience taught me my first fundamental law of sales: If you have to use aggressive persuasion tactics, it means you are slinging a product that people don't want. I sold scooters and I didn't even know English! The product and the price did all the talking. This realization turned me from a reluctant seller into a Sales Engineer. I stopped viewing sales as an Art of Manipulation and started treating it as a Science of Alignment. When you think of sales from a product-first standpoint, the mystery disappears. It transforms into an engineering problem. Sales = Problem Solving × Shamelessness × Clarity Problem solving When the product is bad, the sales process becomes a game of manipulation. You have to trick people. You have to use psychological leverage to force a "yes." I’ll be honest—I am terrible at this. I don't know how to convince someone to buy something they don't want, and I never want to learn. As Alex and I built Deel, I learned that sales in the hyper-growth world of technology is completely different. Great sales begins with problem solving. When you have a great product, you don't have to trick anyone. You just have to shine a light on a Big Ugly Problem they are already facing and say, "I fixed this for you." Steve Jobs didn't have to trick anyone into buying an iPhone; he just showed us that mobile computing didn't have to be clunky. Instead of learning "persuasion" or "closing techniques," Jobs obsessed over identifying a painful friction and removing it. Getting rejected by the market just means you haven't solved a big enough problem. And the path to cracking that big problem is not linear. Toward the end of our time at Y-Combinator, I sent 100 cold emails every day. Only 2% of them responded. The problem was not my opener or the time that I sent the email. We just hadn't built the product people actually wanted. We hadn't solved the big problem yet. It took us lots of rejection, failure, and luck to finally stumble upon the big idea. One client came to us: "My Head of Engineering wants to move back to Croatia to be with his family, so can you help us?" This was when we realized that hiring international talent was a payroll, tax, and compliance nightmare. So we grinded away at building a slick solution and presented it. The "sale" happened automatically because the pain was real, and the medicine worked. We didn't build something and try to get people to buy it; we built the thing the customer asked for. We also use our own products at Deel; we eat our own cooking. This is the essence of sales: It is not about persuasion. It is about debugging a process for your customer. A sleazy salesman cannot do this. Only a Sales Engineer can. Shamelessness If problem-solving is the engine of the sales system, shamelessness is the turbocharger. It accelerated our growth during the early product iteration and selling phases. For most people, this is the hardest variable to solve for because of the fear of rejection. But to build product development and sales velocity, you have to decouple your ego from the outcome. I became numb to rejection at an early age. What's the absolute worst that could happen? They say no. So what? You're exactly where you were five seconds ago. But if they say "yes," great! Here's how shameless I am. At a conference, I spotted Ryan McInerney, the CEO of Visa. I didn't wait for a warm intro. I skipped the corporate courtship dance. I just walked up to him and said, "Hey Ryan, can I have your number?" He looked at me and said, "Sure." That interaction cut through months of red tape. That is the ROI of shamelessness. Clarity The last part that trips people up is communicating with clarity that you've solved this problem. This is especially hard for people with technical backgrounds. We fall into a trap of the "Engineer’s Curse." We are so proud of the difficult engineering or the intricate code we built, that we want to tell the customer all about it. We start explaining how it works. But the customer only cares that it works, not the process we took to built it. If you have a headache, you don’t want to hear about the chemical composition of aspirin or the manufacturing process of the pill. You just want to know: "Will this make the pain stop in 5 minutes?" Communicating your solution isn't about getting credit for working hard. It’s about clarity for the customer. You have to translate your complex solution into their simple reality. Bad Communication: "Our platform utilizes a multi-layered compliance engine to automate local tax withholdings across 150 jurisdictions." (Focuses on the how). Good Communication: "You can hire anyone, anywhere in the world, without worrying about getting fined." (Focuses on the solved problem). If you’ve truly solved the problem, you should be able to explain it simply. If you have to use jargon to explain why your solution matters, you haven't finished solving the problem yet. Sales is life Even if you've never had "Sales" in your job title, you are in the business of selling. A professor applying for grants is selling. An employee interviewing for a job is selling. A Hinge dating profile is selling. You must recognize the game and understand how to play it. If you view sales as manipulation, you will always be afraid of it. It will remain an ugly word and hold you back. You will hesitate to send that email or make that ask. But if you think of sales as Problem Solving × Shamelessness × Clarity, it will unlock doors you didn't know existed. If your product solves a problem, the sale is doing a favor to the customer. Don't be a slick salesman like the Wolf of Wall Street. Build a slick product like Steve Jobs instead.

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Shuooo Wang
Shuooo Wang@shuooo·
I don't share my personal story often, but we really get into it on this podcast. My story is one of being a forever outsider - 1. I moved to the US at 16 - not an easy age to try and learn English. But, my accent is daily reminder of how far I've come, and why setbacks shouldn't outweigh the benefits of a global team. 2. Got into MIT, but spent my entire 1st semester hospitalized after a bus accident. It's also what inspired me to get into robotics, building exoskeletons for the US military. 3. And eventually, the robotics experience led me to founding my first company. After school, I built & sold hardware company against all conventional odds. 4. Got into YC, just to pivot 3 times, get rejected by every VC fund in seed round, and have to raise from angels. Today? Deel is valued at $17.3b. 5. @Bouazizalex and I didn’t know anyone in Silicon Valley when we first arrived, but we turned our outsider status into an advantage. We just thought different than peers. We weren't insular and always believed global talent was worth exploration. That's how we tackled a decades-old system with a global-first mindset. 6. When the world changed, we changed the world. When the pandemic meant widespread chaos and business uncertainty, we jumped in to help companies hire global talent, unlock economic mobility, and navigate complex regulatory systems to take advantage of the changing work landscape. 7. Deel pioneered seamless global payroll, operating in 165+ countries, used by 37,000 businesses, and paying 1.5 million people every month.And that's just to date. We're always pushing ourselves to think outside of the box, because of who we are. Let's see where being different takes us now.
Ti Morse@ti_morse

My first interview with Shuo Wang (@shuooo), Co-Founder & CRO of @Deel. 1:08 Designing Deel To Scale Quickly 3:28 Why Companies Should Go Global Early 7:30 Building Deel’s Sales Team 10:33 Why Shuo Loves Sales 14:44 Pivoting 3 Times During YC & Being Shameless 19:06 Dreaming About Intercom 22:04 Solving Payment Delays Early On 25:11 Joining YC As A Crypto Payment Platform For Content Creators 32:37 How To Make Decisions Before You Have Data 36:30 Why It Was So Painful To Open Corporate Entities During Covid 39:57 Thinking Outside The Box 44:15 Why Covid Was “A Lifetime Opportunity” For Deel 46:11 Deel Speed 47:55 Argentina & Brazil 50:07 Interviewing Deel’s First 400 Employees 51:33 Screening For Happiness 52:59 Creating Ghost Busters (Special Projects Team) 59:16 Having A Co-Founder You Can Rely On 1:03:31 Why Offsites Are Important 1:06:07 Torturing Yourself Into Greatness 1:07:20 Learning How To Run A Business From Her Mom 1:11:26 Growing Up In China With Her Grandparents 1:15:51 Moving To The United States At 16 1:24:13 Building An Air Purifier Company In China 1:30:18 Being An Outsider In Silicon Valley 1:31:08 Focusing On One Product vs. Building Multiple Products 1:32:46 What PMF Was Like At Deel 1:34:46 How Shuo Thinks About Risk 1:37:18 Understand The Problem, Not The Solution 1:42:08 Creating An 11-Star Customer Experience 1:43:44 What Makes Alex Special 1:46:00 Poker 1:46:43 Always Look At The Positives Even In Tough Situations

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Kalshi
Kalshi@Kalshi·
We've crossed $100B in annualized volume Next stop: $1T
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Alex Bouaziz
Alex Bouaziz@Bouazizalex·
Today, we’re launching @deel Founder Hours. 1-on-1 sessions with our exec team to help founders tackle the problems you can’t Google (ask Chatgpt?). As you scale, the hardest decisions don’t come with playbooks. They come from people who’ve been there. Deel is now 7,000+ people, 15+ products, and $1B+ in revenue - but none of that happened alone. We leaned heavily on founders, operators, and investors who gave us their time and hard-earned lessons. Now it’s time to give back! Twice a year, Deel execs (COO, CTO, CRO, and more) will spend a full day talking directly with founders ~10–20 deep, honest conversations. No pitches. Just real problems, real stories, and practical advice. I’m kicking it off and hosting the first Founder Hours on Jan 5. If you’re wrestling with something hard and want a 1-on-1, apply in the comments - We won't be able to help everyone but will do our best! Let’s pay it forward 💜
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Justin Mateen
Justin Mateen@justinmateen·
This is a photo of the most expensive plaque in the world. It sits on my desk as a quiet reminder. It cost $2 to make, but the story behind it has cost me more than $2 billion. Kalshi, the regulated event contract prediction market, was just valued at $11B. I first invested at a $10M valuation and doubled down in the seed. My conviction was so strong I pushed to lead the Series A and take my ownership above 25%. After three weeks of drafting and negotiating the term sheet with Tarek, we had agreed on every point. It was going to be the largest check I had ever written. On signing day, they went with Sequoia. I don’t blame them. Alfred Lin and Sequoia have been incredibly helpful to the company, but it still stung. I believed in Kalshi so much I even offered to work there one day a week. I could genuinely see myself building the company. A few days later, Tarek sent me a handwritten apology note and this plaque. It was his way of saying the friendship mattered more than the deal. When the Series B came around, he gave me allocation without me asking. I swallowed my pride and took it. The allocation was a fraction of what I would’ve had leading the A and had to come from JAM Fund, but my personal seed position could still end up as one of the great early stage wins in tech. And I’m grateful for all of it. Tarek and Luana are relentless generational founders. Once you see that, you can’t unsee it. That $2 plaque reminds me of something simple: In venture, one great investment pays for every other one many times over. You just have to keep taking the shots, even when you get pushed a little further back from the rim. The long game rewards the people who keep shooting.
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Cem Garih
Cem Garih@cemgarih·
Invested in Kalshi for the first time during their pre-seed in 2019 together with @aneelr , @justinmateen & my partner @fethikamisli.. At the time it was just Tarek, Luana & a dream. They weren’t the first to conceive the idea of a prediction market but they are the first to bring it to reality- essentially creating the category & paving the way for mainstream adoption. Incredible to see Tarek & Luana’s unwavering commitment to bring their dream into existence.. Can’t imagine where Kalshi will be in another 7 years from now. Congrats guys! Proud of you @mansourtarek_ @luanalopeslara
Tarek Mansour@mansourtarek_

Kalshi raised $1B at an $11B valuation. A decade ago, only a few thousand people knew what a prediction market was. Eighteen months ago, most prediction markets were banned - until we overcame the government to set them free. Over the past seven years, our community has opened up an entirely new category. Today, Kalshi is trusted, used, and loved by millions of people. It’s a part of everyday culture, and it’s driving one of the most important shifts in consumer behavior in recent history. The time has finally come for prediction markets to achieve their full potential and we are intent on making that happen. To all the believers and the early adopters: thank you.

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Philippe Bouaziz
Philippe Bouaziz@pbouaziz·
From startup to global leader - it’s been an incredible ride with @Deel. Proud of what we’ve achieved and excited for what’s ahead under @thejoekauffman’s leadership as President & CFO. I’ll continue as Executive Chairman and Chief Strategy Officer. deel.com/blog/new-cfo-a…
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Cem Garih
Cem Garih@cemgarih·
Great advice for founders & CEOs 📈🧿
Alex Bouaziz@Bouazizalex

We grew to $1B ARR faster than Stripe, Salesforce, and Palantir, while being 100% remote This was a combination of a lot of luck, focus and an excellent team Looking back, I can our team's success boils down some key principles I'm sharing in a 700-word long post: I hope that it will help every startup as much as it helped us: 1. Everything is sales. Recruiting is sales. Fundraising is sales. Retaining your best talent is sales. Dating is sales. And sales is sales. A founder’s effectiveness = (technical skill × ability to sell). 2. You need to be in the details. The best founders can zoom all the way in and out. If someone tells you to “scale yourself” by pulling back too early - they’re wrong. Being in the details is important to understand what org structure best fits your company's goals. Every 'in the weeds' founder designs their org structure from first principles. Jensen: 40 direct reports, Elon: Engineers in charge of everything, Jobs: Creative Dictatorship with Directly Responsible Individuals. Zuck: The first growth-hacking team with @chamath Founders not in the details forget what makes their products great and eventually recede into designing a standard org with standard departments which lead to standard results. 3. Your company's fate is 70% sealed by the first 20 hires Ben Horowitz: "I got this advice like 27 times. They said 'Look, here's the key: Hire A players:' and I was like ok yeah, my plan was to hire a bunch of morons but now I'm going to hire A players" The hard part isn’t intent, it’s judgment. The problem is you can't spot a top 1% engineer if you're not a top 10% engineer yourself. This applies to everything. Your definition of great is just what you've seen. Founders have some blind spots. Technical founders usually build bad marketing orgs. Sales-focused founders sometimes build mediocre product teams. You need the right eyes to be able to spot genius. Ego aside, bring on a technical expert and have them vet talent for you. Your first hires are your culture, your standard, your work environment. They are the company. Get the first 20 hires right. 4. Live with your customers. You can’t know what’s working if you’re not talking to them - all the time. Be where they are: WhatsApp, calls, DMs, in person. The closer you are to customers, the fewer mistakes you make. "The customer is the boss. They can fire everybody by choosing to spend their money elsewhere." - Sam Walton 5. Be extremely responsive. If I reply in 30 seconds, what usually takes a day gets done in hours. What takes hours gets done now. Speed compounds. 6. Your TAM is limited by your imagination, not by the market. Constantly rethink the pod, find other big issues that need solving and are valuable, and solve them exceptionally well. We went from contracts ($100M) to Employer of Record ($300M) to Payroll ($200M). Each 3x'd the TAM. 7. Never run out of cash. The only way a business dies is by running out of cash. Profitability = power. You call the shots, not investors. You can always act in the company's long-term interest because you know you are safe. We reached Series A after spending <10% of our seed. We have been profitable for the last 3 years. Cash discipline buys freedom. 8. Over-index on angels early. Angels are your best shot at making important people care - when it matters. They might not be involved day to day, but when you really need help, they’ll show up. If you don't know how to solve a problem, you should know at least a person who knows the person who can. Pick the right ones, and time your asks well. 9. There's always something out there that can kill your company. Your job is to de-risk the company. Capital, talent, and products are all a small part of a larger effort to de-risk your startup and build an enduring business. Covid-induced work from home grew our payroll and EOR business. And it seemed like RTO might kill it. But we were prepared. If you worry, you won't have to worry. 10. Stay focused. Fundraises, competitors, headlines - all noise. Focus on your customers. Focus on your product. Keep executing. In the long run, the most relentless team wins. 11. Trust your instinct. If something feels off - it probably is. Dig deeper. Courage in your convictions matters, especially as the team grows. Don’t let “performative democracy” slow you down. As long as you’re in the seat, lead decisively - and unapologetically.

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Shuooo Wang
Shuooo Wang@shuooo·
It’s Oct 16. Half past October. Which means it’s end of October. End of Q4. End of 2025. Let’s close the year strong 💪 @deel And we’re at $1B+ ARR, $17.3B valuation, profitable.
Nabeel Alamgir@alamgir_nabeel

FOUNDER MODE. @shuooo and team just raised $300M at a $17.3B valuation for @deel and instead of celebrating, she’s on zoom signing new customers.

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Alex Bouaziz
Alex Bouaziz@Bouazizalex·
Deel has raised $300M at a $17.3B valuation We started about 6 years ago, struggling to even make $10K. I've never shared this before because of how embarrassing our start was. The story of how we went from $1K to $1B and the advice I'd give to my younger self:
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Tarek Mansour
Tarek Mansour@mansourtarek_·
Kalshi recently raised $300M+ at $5B from Sequoia, a16z, Paradigm and others. Since then, we've grown over 3x, hit $50B of annualized volume, and became the largest prediction market in the world. And today…Kalshi goes global. 140+ countries. 1 liquidity pool.
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Alarko Holding
Alarko Holding@alarkoholding·
Lider kimliği ve güçlü vizyonuyla bizlere hâlâ ilham veren, değerli kurucularımızdan Dr. Üzeyir Garih’i sevgi, saygı ve özlemle anıyoruz. #AlarkoŞirketlerTopluluğu #ÜzeyirGarih
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Alex Bouaziz
Alex Bouaziz@Bouazizalex·
2026 is going to be fun!
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