{"id":608309,"date":"2023-10-17T00:00:00","date_gmt":"2023-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/meet-our-founder-of-the-week-ali-elfakharany-vp-of-product-at-statsbomb\/"},"modified":"2023-10-17T00:00:00","modified_gmt":"2023-10-17T00:00:00","slug":"meet-our-founder-of-the-week-ali-elfakharany-vp-of-product-at-statsbomb","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/meet-our-founder-of-the-week-ali-elfakharany-vp-of-product-at-statsbomb\/","title":{"rendered":"Meet our founder of the week: Ali Elfakharany, VP of product at StatsBomb"},"content":{"rendered":"

OUR FOUNDER OF THE WEEK\u2013 <\/strong>Every Tuesday, Founder of the Week looks at how a successful member of Egypt\u2019s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Ali Elfakharany (LinkedIn<\/a>), VP of product for StatsBomb<\/a>. <\/p>\n

My name is Ali Elfakharany and I am the VP of Product for StatsBomb.<\/strong> Seven years ago, StatsBomb was a small UK startup that acquired a startup<\/a> I co-founded in Egypt called ArqamFC. StatsBomb provides data and analytics to help sports people make better decisions and improve performance. My degree was in finance, with a minor in economics and entrepreneurship. I spent my college years interning in the banking sector in private wealth management and investment banking. My first (and only) real job prior to starting the company was at BECO Capital, a regional VC firm. <\/p>\n

In hindsight, being around entrepreneurs all the time while I was working in VC was a big inspiration and gave me the courage needed to start.<\/strong> Doing that job, you very quickly realize that there is no right time or idea, and that the most important part is the courage and capacity to act and get started. When I left BECO, I left behind a job I enjoyed, working with people I respected, and a salary that was very competitive. <\/p>\n

Now, I really enjoy the creative process of building a new product or feature using new technology. <\/strong>Bouncing ideas off of customers, designers, engineers and finding solutions to our customers problems is always a challenging but fun journey. <\/p>\n

The worst part of my job is probably the grind of recruiting new people.<\/strong> Doing outreach, going through CVs, working hard on assessing and convincing people to join. It\u2019s an endless process, and it\u2019s difficult to figure out how well you\u2019re doing as the feedback loop is quite slow. <\/p>\n

If I could give someone who is thinking of starting their own business just one piece of advice<\/strong>, it would be to go read everything Paul Graham\u2019s ever written on the subject. <\/p>\n

We just recently launched our second sport, American football, and so we\u2019re excited about what the future holds for us<\/strong> as a multi-sport company capable of taking our tools and platforms to other sports. Long-term, our aim is to be the sports data provider for anyone interested in sports (from media to fantasy sports to analysts at teams) at whatever level from the pros all the way down to your local 5-a-side. <\/p>\n

The three most important KPIs that we look at<\/strong> are shipping cadence \u2014 how quickly we\u2019re getting technical features launched; data collection speed \u2014 how many matches we\u2019re able to collect data for per week; and customer churn \u2014 whether or not customers are renewing their annual contracts. <\/p>\n

We\u2019ve generally been quite capital efficient, as we\u2019ve only raised a couple USD mn from angel investors<\/strong> and high net worth individuals. We are always exploring ways to fund new growth avenues for the company, whether via debt or long-term equity partners who can help accelerate our growth. <\/p>\n

I\u2019m not sure we\u2019re quite bootstrapped or VC-backed \u2014 we\u2019re somewhere in the middle. But I definitely think fewer businesses should take VC money.<\/strong> The VC business model is highly dependent on achieving huge scale, and a lot of businesses end up failing trying to accomplish something that wasn\u2019t necessarily feasible. Extra money also distorts businesses and allows unprofitable businesses to survive for far longer than they should. <\/p>\n

I\u2019m blessed to have a great support system of mentors, a peer group, friends and family<\/strong> that I\u2019m constantly asking for tactical help. The hardest thing about doing anything is managing your own psychology, and I\u2019m grateful to have a full-time committee I live with (wife, sister and mother) who are encouraging me through my failures, helping me manage my psychology, and generally giving me a hard time.<\/p>\n

Being the founder of a startup is a lonely journey.<\/strong> It\u2019s a lonely job because you have nobody to blame but yourself when things are broken \u2014 and things are always broken, no matter how successful the company is. Very few people also have the context and information you have, which makes most advice you get irrelevant. <\/p>\n

My family has always been quite supportive of my career choices. <\/strong>I\u2019m lucky enough where my father has worked in tech companies his entire life and understands this universe quite well. He was a crucial part of encouraging me and making me feel safe enough to take these types of risks. My partner and her family have also been extremely supportive of some career choices that in hindsight were extremely risky.<\/p>\n

I\u2019m currently reading <\/strong>Killers of The Flower Moon, which is the book that the new Leonardo DiCaprio movie is based on.<\/strong> It\u2019s about a Native American tribe that discovers oil underneath their land, become the richest people in America in the 1920s, and slowly start getting murdered away. I think it\u2019s an interesting look at what happens when people stumble into resources or wealth and have a target on their back, and the parallels between the MENA region are interesting. <\/p>\n

I read a lot of internet blogs\/substacks for inspiration.<\/strong> My favorite two are Simon Sarris and @visakanv\u2019s blog. I\u2019d highly recommend them both for curious readers. Visa has two books that I\u2019ve really enjoyed. The My First Mn podcast is also a fun one I listen to for inspiration on business. I also like reading lots of sci-fi for inspiration. Ted Chiang and Andy Weir are two of my favorite authors. <\/p>\n

In my down time, I watch & play sports, enjoy puzzles and board games<\/strong>, and read lots of random sci-fi novels. <\/p>\n

My favorite two startups are Replit and Driveline Baseball.<\/strong> Replit\u2019s goal is to make the ability to write code as easy as the ability to write. I\u2019ve written a blog post<\/a> about why I think companies like Replit are super exciting. Driveline is a data-driven performance training center \u2014 helping baseball players pitch and hit better using state of the art technology. <\/p>\n

If I wasn\u2019t doing what I\u2019m currently doing, I\u2019d definitely work at Replit or Driveline Baseball, as I\u2019m a big believer in their missions.<\/strong> I\u2019d also definitely enjoy starting something new in industries I\u2019m excited about, like skill development for athletes, independent media, or DTC brands. <\/p>\n","protected":false},"excerpt":{"rendered":"

In 2020, StatsBomb acquired ArqamFC, which Elfakharany co-founded in 2017<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7357],"tags":[4324,4268,633,1530,123,10232],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608309","post","type-post","status-publish","format-standard","hentry","category-founder-of-the-week","tag-ali-elfakharany","tag-arqamfc","tag-enterprisepm","tag-founder-of-the-week","tag-startups","tag-statsbomb","wpautop","entry"],"acf":{"mongo_id":"560d4550-7903-4338-9388-2b3e8520b3ef","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/11\/184.jpg,https:\/\/www.linkedin.com\/in\/ali-elfakharany-48314992","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[608293],"teaser":"In 2020, StatsBomb acquired ArqamFC, which Elfakharany co-founded in 2017","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.333ec38b-33d2-427a-8f89-78f72ae12dd0.mp3"},"yoast_head":"\nMeet our founder of the week: Ali Elfakharany, VP of product at StatsBomb - 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While the details of the transaction were not disclosed,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571483,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/13\/uks-statsbomb-services-acquires-egyptian-sports-data-startup-arqam-fc\/","url_meta":{"origin":608309,"position":3},"title":"UK\u2019s Statsbomb Services acquires Egyptian sports data startup Arqam FC","author":"enterpriseam admin","date":"13 May 2020","format":false,"excerpt":"M&A WATCH- UK\u2019s Statsbomb Services acquires Arqam FC: British football analytics company StatsBomb Services has completed their acquisition of Cairo-based sport data startup Arqam FC, Statsbomb said without disclosing the value of the transaction. The acquisition was announced last year. Arqam FC collects and analyzes thousands of data points during\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/what-were-tracking-on-12-november-2020\/","url_meta":{"origin":608309,"position":4},"title":"What we\u2019re tracking on 12 November 2020","author":"enterpriseam admin","date":"12 November 2020","format":false,"excerpt":"The big news of the morning: Pfizer\u2019s breakthrough on Monday seems to have escalated the superpower competition for a covid-19 vaccine, with both the Russians and Chinese yesterday coming out to tout their recent successes with their respective vaccines. First up: Russia\u2019s Sputnik V. Russia said yesterday that phase 3\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565143,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/why-are-football-teams-signing-hedgies-and-physicists\/","url_meta":{"origin":608309,"position":5},"title":"Why are football teams signing hedgies and physicists?","author":"enterpriseam admin","date":"22 March 2021","format":false,"excerpt":"Manchester City FC\u2019s key winter signing has a doctorate in astrophysics: The English Premier League team famous for lavish spending in pursuit of championships made headlines in the winter transfer window when they opted for signing a hedge fund veteran by the name of Laurie Shaw in the latest escalation\u2026","rel":"","context":"In "Sports"","block_context":{"text":"Sports","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/_newspack_sports\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/519.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=608309"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608309\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/608293"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=608309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=608309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=608309"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=608309"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=608309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}