
126: Joe Thomas Took Loom From 14 Days of Runway to a $1B Acquisition [ENCORE]
How did Joe Thomas and his co-founders keep building Loom when they had maxed-out credit cards and only 14 days of runway left?
Before Loom became one of the most recognizable asynchronous video platforms, Joe Thomas, Vinay Hiremath, and Shahed Khan spent nine months testing ideas, making major pivots, and listening closely to early users. Their persistence eventually transformed a struggling user-feedback product into a new way for people to communicate at work.
In this encore episode of From Start-Up to Grown-Up, executive coach and bestselling author Alisa Cohn sits down with Joe to explore Loom’s earliest days, the approximately 100 fundraising rejections that strengthened his pitch, and the leadership lessons he learned while scaling the company.
Joe also reveals why Loom defined its values when the team had only seven people, how meditation helped him make better decisions, and why founders must become comfortable doing the work they would naturally rather avoid.
This is a candid conversation about resilience, fundraising, company culture, asynchronous leadership, and what it takes to grow from founder to CEO.
You’ll learn:
- How Joe Thomas and his co-founders discovered the idea for Loom
- How Joe improved his fundraising skills after approximately 100 rejections
- Why founders often avoid the responsibilities that make them uncomfortable
- How Loom defined its company values with only seven employees
- Why values become most important during difficult decisions
- How meditation helped Joe become less reactive as a leader
- Why giving difficult feedback can be an act of belief
- How leaders can protect their energy while building a company
- When to communicate asynchronously and when to hold a meeting
- Why discomfort is an unavoidable part of growing into a leader
We talk about:
00:00 Meet Joe Thomas, co-founder of Loom
01:27 The original idea behind video communication at work
04:20 Nine months of experimentation, customer conversations, and pivots
10:17 Starting the company with $25,000 and a mattress on the floor
12:20 Reaching the final 14 days of runway
16:17 Learning to fundraise after approximately 100 rejections
19:44 Choosing investors for a long-term relationship
22:01 Tracking time and prioritizing a founder’s responsibilities
31:43 Defining Loom’s values with only seven employees
42:13 How meditation improved Joe’s decision-making
46:13 Balancing empathy with difficult feedback
50:33 Becoming friends with hard times
51:28 Why taking care of yourself makes you a better CEO
57:10 When to use asynchronous communication instead of a meeting
01:01:04 Learning to live with imposter syndrome
01:03:28 What Joe wishes he had understood earlier
01:05:16 Joe’s advice for founders growing into leaders
Follow Joe on
- LinkedIn: https://www.linkedin.com/in/joethomasx/
Connect with Alisa!
Follow Alisa Cohn on
- Instagram: @alisacohn
- Twitter: @alisacohn
- Facebook: facebook.com/alisa.cohn
- LinkedIn: https://www.linkedin.com/in/alisacohn/
- Website: http://www.alisacohn.com
Download her 5 scripts for delicate conversations (and 1 to make your life better)
Grab a copy of From Start-Up to Grown-Up by Alisa Cohn from Amazon
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