
The founder of AI-powered social services platform Beam shares how two firings in his 20s led to entrepreneurial success, resilience, and a new mission.
Alex Stephany, the founder of AI-powered social services platform Beam, said being fired twice before he turned 30 was the best thing that happened to his career. In an essay published by Business Insider, Stephany described his early struggles after graduating from Oxford University.
Stephany started as a lawyer. Within two years, his contract was not renewed. He moved into management consulting, but after about four years he was fired again. He said he felt like a fish out of water in the corporate world. The second firing left him afraid he was bad at adulting, he told the publication.
Stephany moved back in with his parents and did some writing work. He said he had dark moments in the months after each firing. He felt embarrassed being underemployed in his early 30s.
Things changed when he got a smartphone. He started going to tech events and applying to startups. He forced himself to ask people for coffee. That led to a job in the startup space, and he eventually became CEO of JustPark, an app for parking in London.
In 2017, he founded Beam, which uses AI to help social service workers. The company has about 200 employees and operates in five countries. Stephany said years of underemployment built resilience and adaptability that help him as a CEO. People who have only known success, he said, are not suited to startup life because failure is constant.
Stephany said he now knows he is not bad at adulting, but just not wired for corporate roles. He said his role model is not Elon Musk but his great-grandfather, a businessman who helped Jews resettle in London before World War II. Stephany called himself a social entrepreneur, following that path.
He said he names the bosses who fired him among the people who helped him most.
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