• E4: Brendan Schwartz - Building Wistia for 18 years to ~200 employees after buying out investors
    May 3 2024

    (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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    1 hr and 25 mins
  • E3: Mike Salguero - Bootstrapping ButcherBox to $600M in ARR while working 4 days/week...
    Apr 5 2024

    (0:00) Intro

    (3:45) Buying CustomMade - relaunching and making every mistake in the book

    (7:09) Raising VC for CustomMade and getting on the VC train

    (11:24) CustomMade failing

    (17:17) Starting ButcherBox as a hobby business while collecting unemployment

    (21:56) The 3 core decisions that led to ButcherBox success

    (28:06) Growth hacking to Go To Market success

    (36:47) Starting 3 businesses at the same time to land on ButcherBox

    (41:30) The psychological state that led to ButcherBox being launched

    (43:43) Spotting trends and getting ahead of the Covid curveball

    (48:10) How to finance inventory

    (55:20) Working 4 days a week and work life balance

    (1:03:57) How to work effectively, vivid visions, annual personal goal setting

    (1:07:39) Mentorship, coaching, enneagram personality test, peer groups, YPO

    (1:15:02) Long term ButcherBox plans

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    1 hr and 25 mins
  • E2: Art Papas tells Bullhorn Founding Story to Almost $500M in ARR, VC vs. PE & Startup Profitably
    Mar 6 2024

    (0:00) Intros

    (1:50) Growing up in a family of doctors

    (5:13) Getting his first software job at Thompson Financial during the original internet boom

    (7:26) Writing software to automate himself and all the interns out of a job

    (11:40) Building and launching one of the first SaaS products in 1997

    (16:09) Making a mistake leaving his first job for more money

    (18:33) Quitting after 2 weeks without any planning

    (19:40) New startup job and a painful lesson on listening to the customer

    (23:00) Starting Bullhorn

    (32:05) Market collapse and raising a really painful series A

    (39:47) Burning the boats and becoming completely unemployable to make Bullhorn work

    (42:02) Deciding to build a profitable company that didn't need anymore venture capital

    (45:31) Switching from VC to PE backing

    (50:19) Should tech startups be profitable?

    (56:39) Right now is the best time to startup a business

    (57:04) Art loves private equity - why he thinks it's so great

    (1:00:21) Despite 25 years in the same company Art is still having fun at Bullhorn

    (1:06:12) AI impact on staffing industry

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    1 hr and 10 mins
  • Larry Kim - Founder Story, Early Google Days with Eric Schmidt, Reverse Engineering to a $130M exit
    Feb 9 2024

    (0:00) Entrepreneurship as a kid, starting a business in high school that won a $50,000 contract (6:57) Role models: Mom with her home based piano teaching business was earning 4x his father (12:49) Paying for his own college education with the money he earned in high school (15:42) Getting a job in Silicon Valley in the late 90's (17:53) Timing matters: Chamath Palihapitiya was just 1 year ahead in college - "you can crash your car into a goldmine" (18:54) Getting a job as a PM at Allaire (28:05) Switching from engineering to marketing and placing the largest ad order of the year with Google (37:54) Getting a green card and starting a business in Boston, meeting Sergey Brin and Eric Schmidt and getting turned down for a job at Google (43:10) Getting a services business off the ground and earning enough cash to start buying houses and one car a month while getting no's from VCs (57:56) Getting the first VC funding for WordStream (1:02:20) Stepping down as CEO (1:10:18) Scaling Go To Market and dealing with Product Market Fit issues at WordStream (1:20:00) Getting to $55M in ARR and selling WordStream for $130M (1:24:30) Starting Customers.ai and motivation to do the next company (1:38:10) Doing things differently as a second time founder (1:45:50) Everyone should pursue entrepreneurship

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    1 hr and 51 mins