• E4: Brendan Schwartz - Building Wistia for 18 years to ~200 employees after buying out investors

  • May 3 2024
  • Duración: 1 h y 25 m
  • Podcast

E4: Brendan Schwartz - Building Wistia for 18 years to ~200 employees after buying out investors  Por  arte de portada

E4: Brendan Schwartz - Building Wistia for 18 years to ~200 employees after buying out investors

  • Resumen

  • (0:00) Intro

    (1:55) Early entrepreneurial influences

    (5:20) Starting Wistia

    (8:11) Shredding business plans and burning thru savings

    (11:02) The portfolio website for artists that didn't pay the bills

    (12:44) The first business customer

    (15:22) Going up against YouTube and Vimeo

    (18:50) The Starbucks barista healthcare backup plan

    (21:00) Raising an angel round

    (24:50) Closing a $12/month deal after a summer of sorrow with no sales

    (27:15) 5 years of work with just 4 people to get to profitability

    (33:59) Growing the business more aggressively while having trouble reinvesting the profits

    (38:54) One of their biggest mistakes building Wistia

    (48:24) Getting 3 offers to buy the business

    (55:55) Raising debt to buy out investors and early employees

    (1:04:50) Switching from options to profit sharing with employees

    (1:12:36) Switching back to options away from profit sharing with employees

    (1:18:30) Wistia today and what's next for Brendan and Wistia

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