The founder's mindset podcast
Irrepressibles | EP.
03
Pluvo
Part
1

Rewiring Careers: Government Workers Turned Innovators

Released on
Out 
Dec 2
December 2, 2024

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Pluvo leverages financial data to reveal the impact of cultural trends, weather, and global events on business performance—shedding light on the unseen factors driving success or explaining tough times.

The Resilient Journey of Alex and Vanessa: How Pluvo is Changing the Game

In the dynamic world of startups, resilience and adaptability are often the difference between success and failure. For Alex and Vanessa, the co-founders of Pluvo, these qualities became the cornerstone of their journey as they transformed a small idea into a thriving five-year-old software company that’s redefining financial insights for businesses.

Humble Beginnings: A Federal Contract and a Bold Leap

Alex's entrepreneurial journey began early, securing a federal contract at the age of 20. While impressive, the endeavour proved unscalable and highlighted the need for fresh perspective. Enter Vanessa, a rising star in the corporate world who made the bold decision to leave her secure, high-paying job to join Alex’s nascent venture.

Alex working out of Pluvo's first office (a spare Lab at the university) - working on the very first prototype
Alternate view of Pluvo's first office space

Together, they found their footing in the government sector, navigating the complexities of bureaucracy. However, their youth and the low cost of their product often led to skepticism. “We were seen as kids with a school project,” Vanessa recalls. Despite daily rejections, they persisted, building resilience and learning invaluable lessons about perseverance.

A Pivotal Pivot

As Alex and Vanessa refined their approach, it became clear that staying in the public sector wasn’t sustainable. To attract investors, they pivoted to the private sector—an environment brimming with competition and a vastly different set of challenges.

The team meeting at a library to plan software architecture.

“We realized quickly that our product wasn’t meeting the market’s needs,” Alex explains. Their strategy? Turn to their clients for guidance. Over the course of several months, they interviewed more than 300 CFOs, uncovering a glaring pain point: a lack of accessibility and personality in financial data.

The Spark of Innovation: Humanizing the Numbers

The breakthrough came during a difficult moment when they were running out of funding. Sitting in a diner, overwhelmed and unsure of their next step, the idea of “humanizing the numbers” took shape.

“What if we could transform spreadsheets into something more intuitive?” Vanessa wondered. The vision was to extract qualitative patterns hidden in financial data, making it understandable for anyone—regardless of their financial literacy.

This epiphany marked the beginning of a gruelling yet exhilarating period. Late nights, brainstorming sessions, and endless whiteboarding followed as they brought their idea to life. The result? A cutting-edge product that made financial data more accessible, actionable, and, above all, human.

Planning session with our Software engineers at our World Exchange office

Betting on Conviction

The road to success wasn’t easy. Alex and Vanessa took multiple pay cuts to ensure their vision could thrive. Even when unexpected setbacks threatened to derail their progress, their mindset kept them grounded.

“When things went wrong, we told ourselves, ‘We always figure it out,’” Vanessa shares. The duo credits their emotional regulation and visualization techniques for helping them weather the toughest storms.

Alex and Vanessa at "AccelerateGOV" in 2023 - a conference for GovTech
Alex and Vanessa at "Collision 2024" in Toronto

“You turn your mind away from money, and money comes,” Alex says, reflecting on the lessons learned. For Pluvo’s founders, success isn’t just about financial gain; it’s about creating a product that genuinely helps businesses.

Turning Setbacks into Success

Today, Pluvo stands as a testament to Alex and Vanessa’s relentless drive and unwavering belief in their idea. Their story is one of grit, innovation, and an unshakable mindset.

Recently, just as they were grappling with some discouraging news,  an unexpected opportunity emerged. In the midst of their most despairing setback, a surprising prospect came their way—one that will set Pluvo on a trajectory that could change everything for the better.

What is this game-changing opportunity? Where is Pluvo heading next?

In this episode of Irrepressibles, Alex and Vanessa pull back the curtain on their most pivotal moments, the lessons that reshaped their future,  the powerful mindset shift that turned everything around, and the story behind their latest turn of events.

Tune in now to uncover the secret behind their success!

The Pluvo team at their 2nd Best Ottawa Business Award win
Releasing on
December 2, 2024

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