SpotHero’s Mark Lawrence on Building a Marketplace Business

January 2, 2017

12:45 pm

Whether you're in a big city or a small town, parking is the worst. Fortunately, someone is trying to do something about it. Mark Lawrence is as the CEO and cofounder of SpotHero, an on-demand parking app and website that makes life easier for drivers by helping them find and reserve a parking sports for up to 50 percent off.

Mark Lawrence, along with his cofounders, started the company after managing to rack up thousands of dollars in parking tickets. After addressing the problem in a way that resonated with Chicago's hectic downtown parking environment, SpotHero has become one of Chicago's biggest consumer startup success stories. They raised $20 million in their Series B funding round last year, they're in 15 cities, and now they have a team of 120 employees.

In this episode, Mark will be talking about the evolution of SpotHero, acquiring their first customers, growing a marketplace business in the face of many competitors, how he deals with stress and when it comes to hiring he explains why “If it's not a f*** yes, it's a f*** no.”

Podcast is brought to you courtesy of Propllr: a Chicago public relations firm that helps startups and innovators build credibility and awareness for their companies, people, products and services.

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Colin Keeley is the founder and host of Tech In Chicago, an independent podcast with interviews from Chicago’s top startup founders and venture capitalists.