Friday Faces: Param Jaggi
What were you doing before you co-founded Hatch?
Before Hatch, I was working in the environmental sustainability space. When I was 18, I founded my first company called Ecoviate. The goal of the company was to commercialize some of the green technologies I was working on during my teenage years. Most notable was the EcoTube, a device that reduces carbon emissions from cars. During the process of working on Ecoviate, I started to do some freelance work to support myself (i.e. pay my rent). I came up with the idea for Hatch while I was freelancing as a software developer. After exit, I started Hatch.
What was the process of founding Hatch like?
Not easy. Although I had a technology background, I had no domain expertise in B2B (business-to-business) software. It took us over a year to build the first working prototype, figure out pricing, acquire the first batch of customers, and secure external funding.
It’s actually really funny— there are new challenges at every stage of starting a company. First you have to properly incorporate the business. Then you have to find the right business partners and initial team members. Then you have to figure out how to piece together a prototype to test in the market. And the list goes on. To the outside world, Hatch has seemed like a smooth journey. But to me, there’s been a learning curve every step of the way.
Can you walk us through a day-in-the-life as CEO?
I wake up at 8 am. I drink coffee while checking my email and getting caught up for the day.
I get into work around 9:30.
Between 9:30 am – 6 pm, I’m talking to investors, stress testing the product, doing demos to potential clients, strategizing next steps for the business, and reducing barriers for others at the company.
I work out from 6:30 pm – 8 pm.
I eat dinner, watch Netflix, and play online poker from 8 – 10 pm.
From 10 pm – 1 or 2 am I work (this is when I get my most creative work done)
Do you have a favorite part of your job?
The people I work with. Hands down. I’m fortunate to have a co-founder, Amelia Friedman, by my side (who’s also the smartest person I’ve ever met). The entire team at Hatch is passionate, brilliant, and hard working.
What do you think makes Hatch different from other software development solutions?
The economics. Adam Smith would be happy to know that Hatch is providing customers with price stability ($1k / month) and improved speed to market (machine automation that allows us to deploy apps in minutes). We’re able to do these things because the code is modular, not built from scratch every time a new customer needs an app.
We stand for democratization. Traditional software development firms, freelancers, and outsourcing firms have spent the last two decades scamming people who don’t fully understand the time and price associated with launching a product. We’re about to change all of that and bring transparency to the market.
What do you like to do outside of work?
Basketball. Poker. Travel. Sleep.
What is your vision for the future of Hatch?
Hatch is going to consolidate the world’s app development. Whether you’re a entrepreneur trying to get your idea off the ground or an engineer at a corporation, Hatch is going to be the starting point.