Episode 55

Why Upwardli CEO Aaron Gregory Took the Leap from GC to Founder

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Episode 55

Why Upwardli CEO Aaron Gregory Took the Leap from GC to Founder

Here’s how Adam Becker at Cockroach Labs turned AI from experiment into daily legal ops power.

Summary

Introduction: 0:00

  • Introducing Aaron Gregory, co-founder and CEO of Upwardli. 
  • Formerly serving as GC of Remitly and VP, Law & Public Policy at SmartSenseCom.
  • Started his career in federal regulatory matters at Dentons and Kelley Drye & Warren.

Forging a career in highly regulated industries: 1:25

  • Trying to become a corporate lawyer during the great recession and finding work at a law firm.
  • Recognizing and acting on enormous changes in telecom created by industry consolidation. 
  • Becoming a fintech specialist before it was a dominant field.

Advice to law students considering a JD-MBA: 7:20

  • Recognizing his classmates’ passion for legal work and realizing he wanted to take a different path.
  • Making difficult business decisions in areas of uncertainty.
  • Overcoming fear to accept business-related risks.

Teaching yourself to become comfortable with uncertainty: 9:57

  • Understanding that even a failing business can teach you a lot.
  • Founding a company in order to live life to the fullest. 
  • Viewing negative experiences as an asymmetric upside.

Leaving Remitly right before it went public to found a start-up: 15:10

  • Feeling that the business functions you oversee have narrowed in the GC role.
  • Identifying a problem in the credit market that inspired him to found a credit-focused start-up.

Unpacking Upwardli: 18:42

  • Solving the challenge of credit invisibility that affects fifty million people in the United States.
  • Serving as a bridge between companies who need to offer credit products and customers with limited access to credit, like recent immigrants, gig workers, and 18-25 year olds.
  • Building a simple platform that offers a positive credit experience.

Bringing your business to a start-up accelerator: 22:26

  • Receiving valuable education and mentorship at Techstars.
  • Creating a reliable network of business leaders experiencing parallel issues.
  • Getting a mark of approval and credibility by participating in a trusted accelerator.

Fundraising for your start-up: 27:05

  • Learning to pitch effectively.
  • Fully devoting yourself to fundraising instead of splitting your time on other tasks.
  • Looking for people who believe in your idea and are willing to take a risk on you.
  • Moving on quickly from people who aren’t sure about your business.

Making an effective pitch: 33:15

  • Taking important lessons from bad pitch meetings.
  • Needing to be able to share most important info verbally on cue.
  • Learning how to pitch well via trial by fire.

Growing into the CEO role: 36:16

  • Controlling for risk in all aspects of the business.
  • Going beyond legal advisory to incorporate business needs into your decision-making.
  • Mitigating the mindset shift from lawyer to leader.
  • Finding healthy outlets for dealing with stress in a position of accountability.

Building Upwardli in Milwaukee, Wisconsin: 44:43

  • Standing by the conviction that great companies and great talent can come from anywhere.
  • Understanding that starting a tech company outside of the Bay Area or Seattle requires you to swim upstream.
  • Allowing skilled people who left their hometowns for their careers to return and work for a great company.

Bonus questions: 48:48

  • Favorite part of your daily routine.
  • Professional pet peeves.

Book recommendations: 51:29

  • High Output Management by Andy Grove.
  • The Right It: Why So Many Ideas Fail and How to Make Sure Yours Succeed by Alberto Savoia.

What you wish you’d known as a young lawyer: 53:02

  • Taking smart risks and understanding that you can always pivot when necessary.

View AI generated transcript

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