Sept. 17, 2024

Teja Yenamandra - Gun.io

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Teja Yenamandra - Gun.io

Teja and Kyle discuss the early days of building a startup and the mindset required to be successful. They talk about the challenges of starting a business with limited resources and the need to be scrappy and resourceful. 

Teja shares his experience of burning through savings and taking on personal debt to fund the business. They also discuss the importance of having a strong support system and a team that can cover different areas of the business. 

Despite the challenges and doubts that arise along the way, Teja emphasizes the need to stay focused on the long-term vision and make decisions based on the potential for success rather than the probabilistic likelihood of failure. Teja reflects on his journey as the CEO of Gun.io and shares his vision for the fu

Meet Teja Yenamandra
Founder & CEO of Gun.io
( @gunio )

Transcript

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Hey, look.

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Look who it is.

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sorry.

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Look what I just.

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Look,

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look what I got for you.

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That looks great,

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That looks. Yeah.

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Yeah. I'm feeling.

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I'm feeling

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very Joe Rogan right

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now, dude.

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So. So. Yeah.

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So what part of New York

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are you in right now?

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I have been all over

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the island,

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and I like, I'm

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staying in the Lower

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East Side.

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I've been up on 59th,

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and then I went down

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to Irving Place,

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and then I had to

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go to Balthazar.

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Like,

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I basically

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it's all just sort of

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wherever the Uber driver,

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is, is currently taking me.

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and I, I'm,

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I like I've been planning it

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so much

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so that it's, it's

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literally within minutes.

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And Matt, who's running

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this whole show is amazing.

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And I, I

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what do I walk in like

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12 minutes

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before I start doing this.

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So I'm in that I'm in that

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is this founder mode ?

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I read that I

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read that article.

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I fucking believe it.

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That's real.

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I know it's

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getting a lot of heat,

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but I 100% agree with no,

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no, no.

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But I also have lived

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so long in

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whatever the opposite is,

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which is like,

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I need you in the office.

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There are levels

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in hierarchy.

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You just need to like,

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I need everyone

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to come in here.

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I have things to say. Yeah.

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Now I want you all to go

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have separate,

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smaller meetings

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and talk about

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what I talked about.

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You know what I mean? Versus,

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you know, versus

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the thing that I

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and I'm not

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I want to talk to you,

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but like,

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I literally this moment

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is, this week

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we did we released

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an, iPhone two days ago.

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Android's getting submitted

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as we speak.

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It's Chrome,

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Firefox, edge, and,

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and Mac is next week.

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And PCs,

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we have two that I like.

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I think it's

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one of those things

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that like

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if you were to release

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an extension

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in a sort of normal,

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we would have

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we would have focus

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groups about it.

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We would sort of talk

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about like

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how this is going to work

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and it's just so different

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when you're like, no, no, no,

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no, this what we do

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this, let's ship

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it, let's get it out. Yeah.

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So do this.

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So I'll be in New York

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tonight.

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I'm flying in tonight.

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Yeah.

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I have to go to

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a conference tomorrow.

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so, yeah.

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That's it. I have your.

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I’ll try to ping you

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see if we can like

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gather tonight.

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Let's do it.

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Let's do it.

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That sounds good.

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So let's rewind

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for a second.

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I was on your podcast

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and you said

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you should have a podcast,

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and now I have a podcast.

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And now that you're on it,

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let's go.

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Well, yeah, let's do it.

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Yeah, let's do it.

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So

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all right, let's go back to

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there was

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there was such good stuff

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that you talked about when we

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when we talked last time.

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And I want to sort of circle

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back to that.

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And that's,

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you know, one of the things

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that you mentioned

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in the early Gun.io era that

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I resonated so much with

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and the idea of Zero to Umm,

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is sort of like,

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I get 0 to 1,

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I get it, that sounds great.

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What what is one

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like when you're

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first starting right,

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you just want some clients.

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We can have enough money

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and you got to get some

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people and like,

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where is one?

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And I love the gray space

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of those early days.

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And that's what

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I want to sort of talk

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about and start with was,

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you know, is,

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is that early,

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you know,

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what was the idea

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or when did it start

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that you,

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you had that switch flip

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and you were like,

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this is it.

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I'm a I'm a builder thing.

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Like, you know, like take

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take me back to the early,

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the early Gun

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era in that moment

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when you sort of started

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putting pieces together.

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Yeah.

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I mean, I've like, given

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different sanitized

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versions of the story.

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And so I'll try to, like,

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maybe quickly summarize,

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so my friends and I,

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one that I met in China

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and then one that

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I knew from college,

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we were always

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like, entrepreneurial

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and we always, like,

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had some interesting things,

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like cooking,

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like, separately, like,

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not even together.

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And, you know, I think,

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so one of my buddies

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and I,

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we were working on

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a separate business,

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basically, like,

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have off campus

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listing, like, for colleges.

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Right. And so we were.

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Yeah,

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this is a long story,

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but it'll tie back

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to what you're asking.

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Like, we were using WordPress

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basically as a directory

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to, like,

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put these listings on

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for like Realtors

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that were in small

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college towns.

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We would charge them a fee,

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and we basically ran

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up to the limits of what

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the tech could do.

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So we needed to find

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a PHP developer.

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And because you know,

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we could tinker with it.

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We were also working

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with a firm

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like in Pennsylvania

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at the time,

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and I think

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we were just like,

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like, this is a lot

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and like vicious,

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like so much.

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So many people

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have that threshold

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where they're like,

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should I be continuing

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to do this on WordPress?

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It's so Frankenstein

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now that it's like,

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I think it's time

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to leave for something else.

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Yeah, totally.

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So, you know, do

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we build our own, okay.

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What's that going

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to look like?

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You know, how do we do that?

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And so we basically

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reached out to my,

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to my third buddy,

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and I was like, hey,

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we need to do this.

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And he was like,

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oh, that's

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that's interesting.

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You know, it's

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going to cost X, Y, and Z.

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And I was like,

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that's interesting.

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You know,

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I don't know, like

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I would have to pre-sell

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a bunch

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more to be able

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to afford to do this build.

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And I was like,

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maybe I need to

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take on freelance

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work to like,

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go basically support us

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building this thing.

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And so after a series

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of conversations,

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what we basically came

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to is we were like,

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the actual idea

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is probably

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somewhere and like,

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we should just

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build a business

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that enables people

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to find like

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vetted developers,

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because that actually

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seems like

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way more of a pain point

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because I we

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that was like

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the critical choke point

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for us

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to be able to do our thing

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like as a company. Right.

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Wait, what?

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And what was that

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period between we

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we bought a domain,

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we set up word WordPress

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and then

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and then we sort of pivoted

294
01:01:35,708 --> 01:01:36,833
to, to developers.

295
01:01:36,833 --> 01:01:37,916
What was that

296
01:01:37,916 --> 01:01:39,083
times a good question.

297
01:01:39,083 --> 01:01:42,833
It was about a year

298
01:01:43,250 --> 01:01:45,000
into building that off

299
01:01:45,000 --> 01:01:46,000
campus business.

300
01:01:46,000 --> 01:01:48,500
And so like I,

301
01:01:48,500 --> 01:01:50,500
I'm a sales person at heart.

302
01:01:50,500 --> 01:01:53,416
Like my first like action

303
01:01:53,416 --> 01:01:54,500
with the off campus

304
01:01:54,500 --> 01:01:55,458
listing thing

305
01:01:55,458 --> 01:01:55,916
was like

306
01:01:55,916 --> 01:01:56,916
we just one cold

307
01:01:56,916 --> 01:01:57,625
called a bunch of

308
01:01:57,625 --> 01:01:59,208
realtors, right?

309
01:01:59,208 --> 01:02:00,416
And that was it, right?

310
01:02:00,416 --> 01:02:00,958
You just like,

311
01:02:00,958 --> 01:02:02,125
did that eight hours a day.

312
01:02:02,125 --> 01:02:02,583
You funnel

313
01:02:02,583 --> 01:02:03,583
this one after like,

314
01:02:03,583 --> 01:02:04,833
hey, yeah, this thing,

315
01:02:04,833 --> 01:02:05,375
do you want to do

316
01:02:05,375 --> 01:02:06,583
business with us?

317
01:02:06,583 --> 01:02:08,041
I think markets have gotten

318
01:02:08,041 --> 01:02:09,166
more saturated today,

319
01:02:09,166 --> 01:02:09,875
so it's probably

320
01:02:09,875 --> 01:02:10,916
harder to do that.

321
01:02:12,041 --> 01:02:12,958
it's my observation,

322
01:02:12,958 --> 01:02:13,666
but yeah,

323
01:02:13,666 --> 01:02:15,125
I was about a year into that

324
01:02:15,125 --> 01:02:16,000
and we had generated

325
01:02:16,000 --> 01:02:18,083
some revenue. Not much.

326
01:02:18,083 --> 01:02:19,708
and so we

327
01:02:19,708 --> 01:02:20,666
kind of made a decision,

328
01:02:20,666 --> 01:02:22,666
like as a group like, hey,

329
01:02:22,666 --> 01:02:23,333
we should try

330
01:02:23,333 --> 01:02:24,166
this other thing

331
01:02:24,166 --> 01:02:25,916
with vetted developers.

332
01:02:25,916 --> 01:02:26,416
And there were a

333
01:02:26,416 --> 01:02:27,625
couple of companies, like,

334
01:02:27,625 --> 01:02:29,375
kind of doing this already,

335
01:02:29,375 --> 01:02:31,583
like on a very small scale.

336
01:02:31,583 --> 01:02:33,083
the space has since,

337
01:02:33,083 --> 01:02:33,291
you know,

338
01:02:33,291 --> 01:02:34,375
gotten more mature

339
01:02:34,375 --> 01:02:35,875
and people have rebranded

340
01:02:35,875 --> 01:02:37,708
and blah, blah, blah, but,

341
01:02:37,708 --> 01:02:38,416
yeah,

342
01:02:38,416 --> 01:02:39,833
that was this about a year

343
01:02:39,833 --> 01:02:40,666
into operation

344
01:02:40,666 --> 01:02:41,875
that we just basically shut

345
01:02:41,875 --> 01:02:43,583
that concern down,

346
01:02:43,583 --> 01:02:45,166
then basically

347
01:02:45,166 --> 01:02:46,666
made a new concern,

348
01:02:46,666 --> 01:02:49,000
like a new C-Corp

349
01:02:49,000 --> 01:02:51,500
or a C-Corp had the domain

350
01:02:51,500 --> 01:02:53,041
and then, you know,

351
01:02:53,041 --> 01:02:55,333
built a V1 and got after it.

352
01:02:55,333 --> 01:02:56,708
So that's

353
01:02:56,708 --> 01:02:58,541
But who's, who's working

354
01:02:58,541 --> 01:02:59,416
other jobs, who's

355
01:02:59,416 --> 01:03:00,291
doing other things

356
01:03:00,291 --> 01:03:00,916
during this period?

357
01:03:00,916 --> 01:03:01,625
Is everyone

358
01:03:01,625 --> 01:03:01,916
sort of

359
01:03:01,916 --> 01:03:02,708
have a job as an

360
01:03:02,708 --> 01:03:03,625
or how much

361
01:03:03,625 --> 01:03:05,000
what was the focus

362
01:03:05,000 --> 01:03:06,166
during that that year?

363
01:03:06,166 --> 01:03:07,375
And then also into the pivot?

364
01:03:07,375 --> 01:03:08,916
That's a great question. So

365
01:03:11,750 --> 01:03:12,125
at the

366
01:03:12,125 --> 01:03:14,125
time I did

367
01:03:14,125 --> 01:03:15,916
not have another job.

368
01:03:15,916 --> 01:03:18,500
I had some money

369
01:03:18,500 --> 01:03:19,708
that I had saved up

370
01:03:19,708 --> 01:03:20,500
from working

371
01:03:20,500 --> 01:03:23,000
overseas in China.

372
01:03:23,000 --> 01:03:24,708
same with my same

373
01:03:24,708 --> 01:03:26,625
with my other buddy

374
01:03:26,625 --> 01:03:28,416
and then my third buddy,

375
01:03:28,416 --> 01:03:29,958
our, our CTO at the time.

376
01:03:29,958 --> 01:03:31,458
He,

377
01:03:31,458 --> 01:03:32,708
I think he was working on

378
01:03:32,708 --> 01:03:34,166
some freelance contracts.

379
01:03:34,166 --> 01:03:35,625
So he had some

380
01:03:35,625 --> 01:03:36,666
income coming in,

381
01:03:36,666 --> 01:03:39,666
but we were basically like,

382
01:03:39,833 --> 01:03:41,000
we were basically like, hey,

383
01:03:41,000 --> 01:03:41,583
we're going to

384
01:03:41,583 --> 01:03:42,125
like burn

385
01:03:42,125 --> 01:03:43,000
through our savings

386
01:03:43,000 --> 01:03:44,000
for like a year

387
01:03:44,000 --> 01:03:45,666
to get this business scaled.

388
01:03:45,666 --> 01:03:47,000
and like, that was it

389
01:03:47,000 --> 01:03:48,000
you know,

390
01:03:48,000 --> 01:03:49,625
so the definition of all in.

391
01:03:49,625 --> 01:03:52,416
Yeah, yeah, yeah.

392
01:03:52,416 --> 01:03:53,666
Because at the time

393
01:03:53,666 --> 01:03:55,250
we were just like, well,

394
01:03:55,250 --> 01:03:56,416
we'll like bookend it

395
01:03:56,416 --> 01:03:57,833
to a year, right?

396
01:03:57,833 --> 01:03:59,208
And I was pretty confident

397
01:03:59,208 --> 01:03:59,666
that, like,

398
01:03:59,666 --> 01:04:01,458
I could get revenue

399
01:04:01,458 --> 01:04:02,375
into the business

400
01:04:02,375 --> 01:04:04,166
in like two months.

401
01:04:04,166 --> 01:04:04,541
Right.

402
01:04:04,541 --> 01:04:05,958
And so I wasn't

403
01:04:05,958 --> 01:04:07,750
I wasn't worried about

404
01:04:07,750 --> 01:04:11,041
like, is this, is this,

405
01:04:12,333 --> 01:04:13,250
our adventure?

406
01:04:13,250 --> 01:04:14,250
I was more so like,

407
01:04:14,250 --> 01:04:16,833
when will us burning through

408
01:04:16,833 --> 01:04:18,791
like 60 grand of savings

409
01:04:18,791 --> 01:04:21,375
each start to yield,

410
01:04:21,375 --> 01:04:22,875
and generate an income.

411
01:04:22,875 --> 01:04:23,375
But I

412
01:04:23,375 --> 01:04:24,291
kind of figured that, like,

413
01:04:24,291 --> 01:04:27,041
in the first couple of months

414
01:04:27,041 --> 01:04:28,666
into Gun, we could

415
01:04:28,666 --> 01:04:29,666
we could

416
01:04:29,666 --> 01:04:32,416
make enough to where, like,

417
01:04:32,416 --> 01:04:33,708
hey, we should get a grand,

418
01:04:33,708 --> 01:04:34,250
two grand

419
01:04:34,250 --> 01:04:35,541
coming in

420
01:04:35,541 --> 01:04:37,625
that pays for eating,

421
01:04:37,625 --> 01:04:39,375
maybe not rent, you know.

422
01:04:39,375 --> 01:04:41,541
right.

423
01:04:41,541 --> 01:04:42,458
So that's

424
01:04:42,458 --> 01:04:43,041
that's just how

425
01:04:43,041 --> 01:04:44,250
we thought about it.

426
01:04:44,250 --> 01:04:44,541
This is

427
01:04:44,541 --> 01:04:45,833
this was a long time ago,

428
01:04:45,833 --> 01:04:46,958
I think, like,

429
01:04:46,958 --> 01:04:48,500
the markets have changed

430
01:04:48,500 --> 01:04:49,041
tremendously.

431
01:04:49,041 --> 01:04:49,291
Like, it's

432
01:04:49,291 --> 01:04:50,208
very hard to live off

433
01:04:50,208 --> 01:04:51,708
two grand a month.

434
01:04:51,708 --> 01:04:53,000
Yeah. Yeah, totally.

435
01:04:53,000 --> 01:04:55,250
You know, but where did that.

436
01:04:55,250 --> 01:04:56,375
But where did that come from

437
01:04:56,375 --> 01:04:57,583
from a mindset perspective

438
01:04:57,583 --> 01:04:58,625
like and we'll go back

439
01:04:58,625 --> 01:05:00,916
a little bit further but like

440
01:05:00,916 --> 01:05:02,333
is that

441
01:05:02,333 --> 01:05:03,166
have you always sort of

442
01:05:03,166 --> 01:05:04,083
been like what

443
01:05:04,083 --> 01:05:05,166
what got to that place

444
01:05:05,166 --> 01:05:05,875
where you

445
01:05:05,875 --> 01:05:07,000
decided to go into it

446
01:05:07,000 --> 01:05:07,583
and you were like,

447
01:05:07,583 --> 01:05:08,166
let's burn, I'm

448
01:05:08,166 --> 01:05:09,166
going to burn through 60

449
01:05:09,166 --> 01:05:10,791
grand worth of savings

450
01:05:10,791 --> 01:05:11,541
because I know this is going

451
01:05:11,541 --> 01:05:12,750
to work versus that.

452
01:05:12,750 --> 01:05:13,791
Like,

453
01:05:13,791 --> 01:05:14,333
let me test

454
01:05:14,333 --> 01:05:15,041
a little something.

455
01:05:15,041 --> 01:05:15,666
Let me put a little

456
01:05:15,666 --> 01:05:16,500
POC out there.

457
01:05:16,500 --> 01:05:17,583
Let me ask a few customers

458
01:05:17,583 --> 01:05:18,541
if they want it.

459
01:05:18,541 --> 01:05:19,833
Maybe before

460
01:05:19,833 --> 01:05:21,000
I start to dive into it

461
01:05:21,000 --> 01:05:22,041
versus like,

462
01:05:22,041 --> 01:05:23,083
no, I know this is the thing

463
01:05:23,083 --> 01:05:23,833
and I'm going to go do it

464
01:05:23,833 --> 01:05:24,250
and burnout

465
01:05:24,250 --> 01:05:25,041
and burn through all that.

466
01:05:25,041 --> 01:05:27,083
Like, what was is that a

467
01:05:27,083 --> 01:05:28,041
is that how you're built?

468
01:05:28,041 --> 01:05:28,500
Is that something

469
01:05:28,500 --> 01:05:29,416
you learn from a family

470
01:05:29,416 --> 01:05:30,666
perspective or ?

471
01:05:30,666 --> 01:05:32,250
Yeah, that's a good question.

472
01:05:32,250 --> 01:05:33,916
no. No family.

473
01:05:33,916 --> 01:05:34,541
I mean, my

474
01:05:34,541 --> 01:05:35,958
my parents to this day

475
01:05:35,958 --> 01:05:36,583
still think I'm

476
01:05:36,583 --> 01:05:37,583
under-educated

477
01:05:37,583 --> 01:05:38,541
for only having

478
01:05:38,541 --> 01:05:39,291
a bachelor's degree,

479
01:05:39,291 --> 01:05:40,250
which is funny, right?

480
01:05:40,250 --> 01:05:41,291
Because you did

481
01:05:41,291 --> 01:05:43,125
so when you grow up

482
01:05:43,125 --> 01:05:44,000
around Indian people

483
01:05:44,000 --> 01:05:44,416
that like

484
01:05:44,416 --> 01:05:45,625
if you have a masters,

485
01:05:45,625 --> 01:05:46,208
then you're like

486
01:05:46,208 --> 01:05:46,708
starting to be

487
01:05:46,708 --> 01:05:47,583
educated anyway.

488
01:05:47,583 --> 01:05:49,166
So yeah, there's no

489
01:05:49,166 --> 01:05:50,208
entrepreneurial path

490
01:05:50,208 --> 01:05:52,833
in my family generally. So

491
01:05:53,958 --> 01:05:56,791
I think,

492
01:05:56,791 --> 01:05:57,458
this is here on

493
01:05:57,458 --> 01:05:59,958
on the question, it was like,

494
01:05:59,958 --> 01:06:00,458
where did the

495
01:06:00,458 --> 01:06:01,458
mindset come from

496
01:06:01,458 --> 01:06:03,250
of being all in?

497
01:06:03,250 --> 01:06:05,458
I think,

498
01:06:05,458 --> 01:06:08,166
you know, I didn't see like

499
01:06:08,166 --> 01:06:10,291
an, like another alternative.

500
01:06:10,291 --> 01:06:11,416
Like I just in my head

501
01:06:11,416 --> 01:06:11,958
I was like,

502
01:06:11,958 --> 01:06:12,833
I think that we

503
01:06:12,833 --> 01:06:14,333
can make this work.

504
01:06:14,333 --> 01:06:14,833
And I know

505
01:06:14,833 --> 01:06:15,583
I'm gonna work hard

506
01:06:15,583 --> 01:06:16,625
at making it work.

507
01:06:16,625 --> 01:06:18,416
And I mentioned this on,

508
01:06:18,416 --> 01:06:19,916
on another podcast,

509
01:06:19,916 --> 01:06:20,333
but it's like

510
01:06:20,333 --> 01:06:20,916
I was like, man,

511
01:06:20,916 --> 01:06:22,125
if Mark Zuckerberg,

512
01:06:22,125 --> 01:06:23,208
who went to Harvard, like,

513
01:06:23,208 --> 01:06:24,625
can build $1 billion company,

514
01:06:24,625 --> 01:06:25,833
I want his fucking safety

515
01:06:25,833 --> 01:06:26,208
school.

516
01:06:26,208 --> 01:06:26,875
Like, I could build

517
01:06:26,875 --> 01:06:28,375
$1 million business,

518
01:06:28,375 --> 01:06:29,583
like, take me twice as long,

519
01:06:29,583 --> 01:06:30,750
but I know I could do it.

520
01:06:30,750 --> 01:06:31,750
You know what? I'm totally.

521
01:06:31,750 --> 01:06:32,375
Yeah, yeah.

522
01:06:32,375 --> 01:06:33,458
Good team with you.

523
01:06:33,458 --> 01:06:34,958
You got two cool founders

524
01:06:34,958 --> 01:06:35,750
that are good friends.

525
01:06:35,750 --> 01:06:36,583
Like, I don't know, like,

526
01:06:36,583 --> 01:06:37,750
you can make it happen

527
01:06:37,750 --> 01:06:38,541
with three people.

528
01:06:38,541 --> 01:06:42,083
And so, yeah, I think

529
01:06:42,333 --> 01:06:43,875
as far as the implementation,

530
01:06:43,875 --> 01:06:45,166
like POC versus

531
01:06:45,166 --> 01:06:45,833
putting it out there

532
01:06:45,833 --> 01:06:47,541
versus testing,

533
01:06:47,541 --> 01:06:47,791
you know,

534
01:06:47,791 --> 01:06:49,583
I just had a meeting today

535
01:06:49,583 --> 01:06:50,041
and we were

536
01:06:50,041 --> 01:06:50,958
talking about this.

537
01:06:50,958 --> 01:06:52,125
But in a startup,

538
01:06:52,125 --> 01:06:53,208
I kind of think like it's

539
01:06:53,208 --> 01:06:54,083
so important

540
01:06:54,083 --> 01:06:55,125
to like

541
01:06:55,125 --> 01:06:56,125
hold in your head

542
01:06:56,125 --> 01:06:58,208
multiple possibilities.

543
01:06:58,208 --> 01:06:58,625
Right.

544
01:06:58,625 --> 01:07:00,916
And so we basically built

545
01:07:00,916 --> 01:07:01,916
to go to market.

546
01:07:01,916 --> 01:07:04,125
We built the smallest version

547
01:07:04,125 --> 01:07:04,583
of what

548
01:07:04,583 --> 01:07:05,166
I thought

549
01:07:05,166 --> 01:07:06,125
we could sell

550
01:07:06,125 --> 01:07:08,041
to customers at the time,

551
01:07:08,041 --> 01:07:09,416
just like we were like,

552
01:07:09,416 --> 01:07:10,708
what is the smallest

553
01:07:10,708 --> 01:07:12,333
amount of development costs

554
01:07:12,333 --> 01:07:13,083
we can bear,

555
01:07:13,083 --> 01:07:14,750
measured in time

556
01:07:14,750 --> 01:07:15,916
to go to market with,

557
01:07:15,916 --> 01:07:17,125
to generate revenue?

558
01:07:17,125 --> 01:07:17,791
And I knew that.

559
01:07:19,375 --> 01:07:20,125
I knew that if we

560
01:07:20,125 --> 01:07:21,750
could generate revenue,

561
01:07:21,750 --> 01:07:22,708
I could unlock

562
01:07:22,708 --> 01:07:23,500
a whole series

563
01:07:23,500 --> 01:07:24,333
of other things,

564
01:07:24,333 --> 01:07:25,083
like I could get people

565
01:07:25,083 --> 01:07:26,416
excited about it,

566
01:07:26,416 --> 01:07:27,791
I could raise investment,

567
01:07:27,791 --> 01:07:30,333
I could, you know, get debt.

568
01:07:30,333 --> 01:07:31,250
You know, at the time,

569
01:07:31,250 --> 01:07:31,708
I didn't know that

570
01:07:31,708 --> 01:07:32,791
to get company debt, you

571
01:07:32,791 --> 01:07:34,041
and have a personal guarantee

572
01:07:34,041 --> 01:07:34,458
all that stuff

573
01:07:34,458 --> 01:07:35,250
to find out later.

574
01:07:35,250 --> 01:07:36,791
But I was just like, yeah,

575
01:07:36,791 --> 01:07:38,333
if I could get a dollar

576
01:07:38,333 --> 01:07:39,500
out of this business,

577
01:07:39,500 --> 01:07:42,416
I know I could like, sell the

578
01:07:42,416 --> 01:07:43,791
the value to be able

579
01:07:43,791 --> 01:07:44,208
to get the

580
01:07:44,208 --> 01:07:45,250
resources to scale.

581
01:07:45,250 --> 01:07:46,208
So

582
01:07:46,208 --> 01:07:47,875
basically I just try to like

583
01:07:47,875 --> 01:07:48,541
we try to laser

584
01:07:48,541 --> 01:07:49,583
focus on that.

585
01:07:49,583 --> 01:07:50,791
I think

586
01:07:50,791 --> 01:07:52,791
it took us about like

587
01:07:52,791 --> 01:07:53,500
a couple weeks

588
01:07:53,500 --> 01:07:54,166
to get to something,

589
01:07:54,166 --> 01:07:55,166
commercializable

590
01:07:55,166 --> 01:07:56,750
and then we just

591
01:07:56,750 --> 01:07:57,666
kind of the phones.

592
01:07:57,666 --> 01:07:59,041
So it was a very short

593
01:07:59,041 --> 01:07:59,958
turnaround time

594
01:07:59,958 --> 01:08:01,041
to like me being like,

595
01:08:01,041 --> 01:08:01,375
all right,

596
01:08:01,375 --> 01:08:02,375
idea,

597
01:08:02,375 --> 01:08:04,041
let's get this done, let's

598
01:08:04,041 --> 01:08:05,291
execute and scale.

599
01:08:05,291 --> 01:08:06,458
And then

600
01:08:06,458 --> 01:08:08,291
as we got customer feedback,

601
01:08:09,250 --> 01:08:10,166
then we would

602
01:08:10,166 --> 01:08:10,750
we would put

603
01:08:10,750 --> 01:08:11,625
that into the product.

604
01:08:11,625 --> 01:08:12,208
We would iterate

605
01:08:12,208 --> 01:08:13,500
on the product

606
01:08:13,500 --> 01:08:15,000
to try to like

607
01:08:15,000 --> 01:08:16,916
get more revenue. Right.

608
01:08:16,916 --> 01:08:18,500
so like really fast

609
01:08:18,500 --> 01:08:21,500
cycle times between

610
01:08:21,625 --> 01:08:22,708
go to market,

611
01:08:22,708 --> 01:08:23,458
convincing people

612
01:08:23,458 --> 01:08:25,250
to do business with us

613
01:08:25,250 --> 01:08:28,166
and, generating revenue.

614
01:08:28,166 --> 01:08:29,166
So,

615
01:08:29,166 --> 01:08:30,750
that first year,

616
01:08:30,750 --> 01:08:31,333
I think we did like

617
01:08:31,333 --> 01:08:32,708
60 grand in revenue,

618
01:08:32,708 --> 01:08:33,625
something like that.

619
01:08:33,625 --> 01:08:34,541
Amazing.

620
01:08:34,541 --> 01:08:37,333
So yeah.

621
01:08:37,333 --> 01:08:39,166
so 20 grand each basically.

622
01:08:39,166 --> 01:08:39,916
Or like maybe

623
01:08:39,916 --> 01:08:41,916
it was like 15 grand each

624
01:08:41,916 --> 01:08:43,541
plus 20 to the business,

625
01:08:43,541 --> 01:08:43,750
you know,

626
01:08:43,750 --> 01:08:44,708
something like that.

627
01:08:44,708 --> 01:08:45,875
So you can see it,

628
01:08:45,875 --> 01:08:47,250
you can see where it's going.

629
01:08:47,250 --> 01:08:49,166
And even my by covering,

630
01:08:49,166 --> 01:08:49,625
like I said,

631
01:08:49,625 --> 01:08:50,958
some of the personal costs

632
01:08:50,958 --> 01:08:51,541
and expenses

633
01:08:51,541 --> 01:08:52,041
and stuff like that,

634
01:08:52,041 --> 01:08:52,333
you're like,

635
01:08:52,333 --> 01:08:52,750
oh, I can,

636
01:08:52,750 --> 01:08:54,083
I can taste it if we just do,

637
01:08:54,083 --> 01:08:54,416
you know,

638
01:08:54,416 --> 01:08:55,500
if we do twice this,

639
01:08:55,500 --> 01:08:56,875
then that. I'm pretty good.

640
01:08:56,875 --> 01:08:57,625
If we do three times

641
01:08:57,625 --> 01:08:58,666
this, I'm amazing.

642
01:08:58,666 --> 01:08:59,666
Yeah, yeah.

643
01:08:59,666 --> 01:09:01,583
And like, you know, I mean,

644
01:09:01,583 --> 01:09:04,041
it's funny, like, even like,

645
01:09:04,041 --> 01:09:05,125
that's all it is, right?

646
01:09:05,125 --> 01:09:06,208
It's just you and like,

647
01:09:06,208 --> 01:09:07,041
your co-founders

648
01:09:07,041 --> 01:09:08,041
like getting after it,

649
01:09:08,041 --> 01:09:09,250
covering all the bases,

650
01:09:09,250 --> 01:09:09,916
trying to make sure

651
01:09:09,916 --> 01:09:10,791
you guys are focused

652
01:09:10,791 --> 01:09:12,416
on getting revenue.

653
01:09:12,416 --> 01:09:13,250
That's it.

654
01:09:13,250 --> 01:09:13,833
You know.

655
01:09:13,833 --> 01:09:15,750
So that's when it's great.

656
01:09:15,750 --> 01:09:16,791
So it's great

657
01:09:16,791 --> 01:09:17,875
you had a support system

658
01:09:17,875 --> 01:09:19,208
like turn that in your

659
01:09:19,208 --> 01:09:20,708
in your co-founders like yeah

660
01:09:20,708 --> 01:09:21,166
you know

661
01:09:21,166 --> 01:09:21,750
did did

662
01:09:21,750 --> 01:09:22,916
everyone have a little

663
01:09:22,916 --> 01:09:25,041
bit of a role or

664
01:09:25,041 --> 01:09:25,458
you know,

665
01:09:25,458 --> 01:09:27,416
how did that work from,

666
01:09:27,416 --> 01:09:28,916
from sort of emotional

667
01:09:28,916 --> 01:09:30,500
and psychological support

668
01:09:30,500 --> 01:09:32,166
going through the like,

669
01:09:32,166 --> 01:09:33,500
is this going to work?

670
01:09:33,500 --> 01:09:34,208
So, you know, you know,

671
01:09:34,208 --> 01:09:35,333
what's funny is like,

672
01:09:35,333 --> 01:09:37,458
I so I considered myself,

673
01:09:37,458 --> 01:09:38,666
like the least qualified

674
01:09:38,666 --> 01:09:39,916
to be the chief executive,

675
01:09:39,916 --> 01:09:41,125
but I knew both of them

676
01:09:41,125 --> 01:09:41,666
better than they

677
01:09:41,666 --> 01:09:42,500
knew each other.

678
01:09:42,500 --> 01:09:43,583
So I think

679
01:09:43,583 --> 01:09:44,916
they were happy

680
01:09:44,916 --> 01:09:45,458
with me

681
01:09:45,458 --> 01:09:47,875
being in that role, like,

682
01:09:47,875 --> 01:09:49,250
but not either of them,

683
01:09:49,250 --> 01:09:50,125
because they didn't have

684
01:09:50,125 --> 01:09:52,041
that trust yet. Now

685
01:09:53,291 --> 01:09:54,083
maybe they'd tell

686
01:09:54,083 --> 01:09:54,833
it differently.

687
01:09:54,833 --> 01:09:55,666
Maybe they'd be

688
01:09:55,666 --> 01:09:57,000
more charitable and be like,

689
01:09:57,000 --> 01:09:58,250
no, you were fit for it.

690
01:09:58,250 --> 01:09:59,000
But I think, like,

691
01:09:59,000 --> 01:09:59,958
that's just how

692
01:09:59,958 --> 01:10:01,000
things shook out.

693
01:10:01,000 --> 01:10:05,958
but as far as the duties

694
01:10:05,958 --> 01:10:07,458
and not the title goes,

695
01:10:07,458 --> 01:10:08,541
I mean, basically

696
01:10:08,541 --> 01:10:10,250
me and JP, we were

697
01:10:10,250 --> 01:10:12,125
we were on the sales and

698
01:10:12,125 --> 01:10:13,125
I think actually

699
01:10:13,125 --> 01:10:14,833
he was more marketing,

700
01:10:14,833 --> 01:10:16,375
like getting content,

701
01:10:16,375 --> 01:10:17,208
trying to promote

702
01:10:17,208 --> 01:10:18,000
distribution,

703
01:10:18,000 --> 01:10:19,375
trying to increase traffic.

704
01:10:19,375 --> 01:10:21,250
I was more sales and,

705
01:10:21,250 --> 01:10:22,333
and then rich,

706
01:10:22,333 --> 01:10:23,750
who was our CTO

707
01:10:23,750 --> 01:10:24,708
like founding CTO,

708
01:10:24,708 --> 01:10:27,041
he was more technical.

709
01:10:27,041 --> 01:10:27,666
And so we've

710
01:10:27,666 --> 01:10:28,416
kind of covered

711
01:10:28,416 --> 01:10:29,958
different areas.

712
01:10:29,958 --> 01:10:31,333
both me and JP

713
01:10:31,333 --> 01:10:32,125
would be involved in

714
01:10:32,125 --> 01:10:33,291
like the business shit,

715
01:10:33,291 --> 01:10:36,166
like doing our annual filings

716
01:10:36,166 --> 01:10:37,041
and like making sure

717
01:10:37,041 --> 01:10:38,250
we're paying our taxes.

718
01:10:38,250 --> 01:10:38,458
Yeah.

719
01:10:38,458 --> 01:10:39,208
Setting up our

720
01:10:39,208 --> 01:10:40,416
stripe, you know what I mean?

721
01:10:41,750 --> 01:10:42,291
stuff.

722
01:10:42,291 --> 01:10:43,083
And Rich would be

723
01:10:43,083 --> 01:10:44,541
more like in the code.

724
01:10:44,541 --> 01:10:45,791
but we all contributed,

725
01:10:45,791 --> 01:10:46,666
like, across the business,

726
01:10:46,666 --> 01:10:47,791
you know, if, like,

727
01:10:47,791 --> 01:10:49,458
something needed,

728
01:10:49,458 --> 01:10:50,875
like, some copy on the site

729
01:10:50,875 --> 01:10:52,333
needed to be changed

730
01:10:52,333 --> 01:10:53,541
based on what a customer told

731
01:10:53,541 --> 01:10:54,500
us, I would go in there

732
01:10:54,500 --> 01:10:56,208
and I would try to adjust it.

733
01:10:56,208 --> 01:10:57,625
If Rich got an email

734
01:10:57,625 --> 01:10:58,916
with a company,

735
01:10:58,916 --> 01:10:59,208
you know,

736
01:10:59,208 --> 01:11:00,541
he would talk to the account

737
01:11:00,541 --> 01:11:01,666
or he would forward it to me

738
01:11:01,666 --> 01:11:03,000
and JP like we were just,

739
01:11:03,000 --> 01:11:04,500
you know, it's

740
01:11:04,500 --> 01:11:06,083
overlapping concerns

741
01:11:06,083 --> 01:11:06,708
because you're all trying

742
01:11:06,708 --> 01:11:08,333
to grow the business, so.

743
01:11:08,333 --> 01:11:11,208
Right. yeah.

744
01:11:11,208 --> 01:11:11,750
Nice.

745
01:11:11,750 --> 01:11:12,875
What about like

746
01:11:12,875 --> 01:11:14,083
during those early periods

747
01:11:14,083 --> 01:11:15,708
did you have I mean, it

748
01:11:15,708 --> 01:11:17,416
sound like you,

749
01:11:17,416 --> 01:11:18,500
you were pretty confident

750
01:11:18,500 --> 01:11:19,666
in being able to do this.

751
01:11:19,666 --> 01:11:21,000
Did you have

752
01:11:21,000 --> 01:11:21,958
obviously there's there's

753
01:11:21,958 --> 01:11:22,375
the tape

754
01:11:22,375 --> 01:11:23,458
playing in your head,

755
01:11:23,458 --> 01:11:24,208
you know, every now

756
01:11:24,208 --> 01:11:24,791
and then of like,

757
01:11:24,791 --> 01:11:25,666
is this going to work?

758
01:11:25,666 --> 01:11:27,083
Is this what am I doing?

759
01:11:27,083 --> 01:11:27,958
Or like

760
01:11:27,958 --> 01:11:28,958
there's a little bit of that,

761
01:11:28,958 --> 01:11:29,958
but did you ever have

762
01:11:29,958 --> 01:11:30,625
sort of the

763
01:11:30,625 --> 01:11:31,666
the valley periods

764
01:11:31,666 --> 01:11:32,333
where you were like,

765
01:11:32,333 --> 01:11:33,750
I, I really don't know

766
01:11:33,750 --> 01:11:34,291
if this is going

767
01:11:34,291 --> 01:11:34,958
to work or not?

768
01:11:34,958 --> 01:11:35,750
or did

769
01:11:35,750 --> 01:11:37,708
it always feel pretty,

770
01:11:37,708 --> 01:11:39,333
pretty laser focus on like,

771
01:11:39,333 --> 01:11:41,291
I think if I just keep going,

772
01:11:41,291 --> 01:11:42,041
then it's

773
01:11:42,041 --> 01:11:42,875
going to turn into something.

774
01:11:42,875 --> 01:11:43,916
Oh, every year.

775
01:11:43,916 --> 01:11:44,416
I mean, we've been

776
01:11:45,416 --> 01:11:46,458
every year I have

777
01:11:46,458 --> 01:11:48,166
probably a month

778
01:11:48,166 --> 01:11:49,208
where I'm like,

779
01:11:49,208 --> 01:11:52,208
like, f#!%, we're f*%!ed.

780
01:11:52,458 --> 01:11:53,750
I just that's it.

781
01:11:53,750 --> 01:11:54,958
What else should I get into?

782
01:11:54,958 --> 01:11:56,833
Should I do do something else

783
01:11:56,833 --> 01:11:57,750
if that happens?

784
01:11:57,750 --> 01:11:59,000
But I think like

785
01:11:59,000 --> 01:11:59,833
and like also

786
01:11:59,833 --> 01:12:00,416
that happens

787
01:12:00,416 --> 01:12:02,083
in the span of a day

788
01:12:02,083 --> 01:12:03,125
to like you like

789
01:12:03,125 --> 01:12:03,833
get out of a meeting.

790
01:12:03,833 --> 01:12:04,916
You're like super frustrated.

791
01:12:04,916 --> 01:12:05,125
Like,

792
01:12:05,125 --> 01:12:06,375
why isn't this going well?

793
01:12:06,375 --> 01:12:07,208
Like, what's happening?

794
01:12:07,208 --> 01:12:08,333
We have this role,

795
01:12:08,333 --> 01:12:10,166
like a lot of people,

796
01:12:10,166 --> 01:12:11,333
you know, what's

797
01:12:11,333 --> 01:12:12,333
this is

798
01:12:12,333 --> 01:12:15,000
buggy on launch X, Y, Z.

799
01:12:15,000 --> 01:12:15,833
You know, we're

800
01:12:15,833 --> 01:12:17,000
spending too much here.

801
01:12:17,000 --> 01:12:18,083
How did this happen? Why?

802
01:12:18,083 --> 01:12:18,750
They're not financial

803
01:12:18,750 --> 01:12:19,583
controls in place.

804
01:12:19,583 --> 01:12:21,708
Like as a company scales

805
01:12:21,708 --> 01:12:22,166
you just

806
01:12:22,166 --> 01:12:23,708
you still have those moments

807
01:12:23,708 --> 01:12:25,833
and like,

808
01:12:25,833 --> 01:12:26,875
I'm working on this,

809
01:12:26,875 --> 01:12:27,875
but I have a tendency

810
01:12:27,875 --> 01:12:29,125
probably to be like

811
01:12:29,125 --> 01:12:30,708
really reactive.

812
01:12:30,708 --> 01:12:32,458
Honestly,

813
01:12:32,458 --> 01:12:33,625
you have to manage that.

814
01:12:33,625 --> 01:12:34,208
Like,

815
01:12:34,208 --> 01:12:35,000
you have to control

816
01:12:35,000 --> 01:12:35,875
your impulse there.

817
01:12:35,875 --> 01:12:37,083
But this is how I am,

818
01:12:37,083 --> 01:12:38,750
you know, I think you mean.

819
01:12:38,750 --> 01:12:39,458
So you see,

820
01:12:39,458 --> 01:12:40,166
something comes up

821
01:12:40,166 --> 01:12:41,750
and you just want to dig in

822
01:12:41,750 --> 01:12:42,500
and fix it.

823
01:12:42,500 --> 01:12:43,291
I'll take care of this.

824
01:12:43,291 --> 01:12:45,125
I'll say 100% honest.

825
01:12:45,125 --> 01:12:46,041
Yeah, yeah,

826
01:12:46,041 --> 01:12:47,041
it's good in a way.

827
01:12:47,041 --> 01:12:47,750
Like you have to

828
01:12:47,750 --> 01:12:49,916
be like that. But sometimes,

829
01:12:51,083 --> 01:12:52,208
anyway, sometimes

830
01:12:52,208 --> 01:12:53,000
when you do that,

831
01:12:53,000 --> 01:12:54,416
you probably rob people

832
01:12:54,416 --> 01:12:55,583
of being able to do that

833
01:12:55,583 --> 01:12:57,041
and they'll work, you know?

834
01:12:57,041 --> 01:12:58,333
right.

835
01:12:58,333 --> 01:12:58,791
But yeah,

836
01:12:58,791 --> 01:12:59,833
there are always moments,

837
01:12:59,833 --> 01:13:01,041
I mean,

838
01:13:01,041 --> 01:13:02,666
I mean, I remember,

839
01:13:02,666 --> 01:13:04,041
I remember one time

840
01:13:04,041 --> 01:13:06,125
and the journey

841
01:13:06,125 --> 01:13:06,500
is like

842
01:13:06,500 --> 01:13:07,666
maybe year two or year

843
01:13:07,666 --> 01:13:10,666
three of the company, like

844
01:13:10,750 --> 01:13:12,083
we had like

845
01:13:12,083 --> 01:13:13,333
20 K in the bank

846
01:13:13,333 --> 01:13:14,875
or something, maybe,

847
01:13:14,875 --> 01:13:16,208
maybe less actually.

848
01:13:16,208 --> 01:13:19,541
And but we had outstanding

849
01:13:20,208 --> 01:13:22,708
receivable bills of like 70.

850
01:13:22,708 --> 01:13:23,166
Right.

851
01:13:23,166 --> 01:13:24,791
And so

852
01:13:24,791 --> 01:13:26,541
then we also had

853
01:13:26,541 --> 01:13:28,375
outstanding payables

854
01:13:28,375 --> 01:13:31,208
of like 50 or something.

855
01:13:31,208 --> 01:13:32,083
So like right.

856
01:13:32,083 --> 01:13:33,708
How do you manage.

857
01:13:33,708 --> 01:13:35,000
You may have some money

858
01:13:35,000 --> 01:13:35,750
coming in.

859
01:13:35,750 --> 01:13:36,583
You have some money

860
01:13:36,583 --> 01:13:37,750
going out.

861
01:13:37,750 --> 01:13:39,583
You have very little cash.

862
01:13:39,583 --> 01:13:40,458
You have to make your

863
01:13:40,458 --> 01:13:41,875
internal payroll.

864
01:13:41,875 --> 01:13:43,666
And I'm pretty sure

865
01:13:43,666 --> 01:13:44,750
we we pull down

866
01:13:44,750 --> 01:13:46,250
like a couple like

867
01:13:46,250 --> 01:13:48,166
like basically users

868
01:13:48,166 --> 01:13:49,958
interest rate loans

869
01:13:49,958 --> 01:13:52,958
and, you know, just like 20%.

870
01:13:53,416 --> 01:13:55,166
Right? Right. Yeah.

871
01:13:55,166 --> 01:13:56,333
So, you know,

872
01:13:56,333 --> 01:13:57,125
I just need a month.

873
01:13:57,125 --> 01:13:58,333
I just need two months

874
01:13:58,333 --> 01:13:59,333
to like. Yeah.

875
01:13:59,333 --> 01:14:00,583
So many of those moments,

876
01:14:00,583 --> 01:14:01,041
you know,

877
01:14:01,041 --> 01:14:01,708
but that one

878
01:14:01,708 --> 01:14:02,625
moment in particular was like

879
01:14:02,625 --> 01:14:04,708
pretty pretty nerve wracking.

880
01:14:04,708 --> 01:14:06,625
But we've had, you know,

881
01:14:06,625 --> 01:14:08,583
we've had moments like that

882
01:14:08,583 --> 01:14:09,250
through the years.

883
01:14:09,250 --> 01:14:11,375
Now as the business matures,

884
01:14:11,375 --> 01:14:13,041
like one thing

885
01:14:13,041 --> 01:14:14,541
that I've learned is like,

886
01:14:14,541 --> 01:14:16,000
if you have a track record

887
01:14:16,000 --> 01:14:17,541
of like strong and stable

888
01:14:17,541 --> 01:14:19,250
business performance,

889
01:14:19,250 --> 01:14:22,250
like banks, investment firms,

890
01:14:22,250 --> 01:14:23,250
VCs like,

891
01:14:23,250 --> 01:14:24,333
they'll give you money

892
01:14:24,333 --> 01:14:25,166
to execute

893
01:14:25,166 --> 01:14:26,291
as long as you have, like,

894
01:14:26,291 --> 01:14:27,291
proved your mettle

895
01:14:27,291 --> 01:14:28,458
and and your ability

896
01:14:28,458 --> 01:14:30,208
to, like, maneuver.

897
01:14:30,208 --> 01:14:31,958
Thankfully those concerns

898
01:14:31,958 --> 01:14:33,416
as our company has scaled

899
01:14:33,416 --> 01:14:35,041
like like

900
01:14:35,041 --> 01:14:36,416
if you got a good business,

901
01:14:36,416 --> 01:14:37,541
you always have access

902
01:14:37,541 --> 01:14:38,125
to capital.

903
01:14:38,125 --> 01:14:38,666
Now, you may not

904
01:14:38,666 --> 01:14:40,083
like the terms,

905
01:14:40,083 --> 01:14:40,708
but yeah,

906
01:14:40,708 --> 01:14:42,375
like the capital access

907
01:14:42,375 --> 01:14:43,375
to be able to invest

908
01:14:43,375 --> 01:14:44,750
in the company

909
01:14:44,750 --> 01:14:45,458
that stops

910
01:14:45,458 --> 01:14:47,083
being a concern over time.

911
01:14:47,083 --> 01:14:49,166
over time in the early days,

912
01:14:49,166 --> 01:14:49,416
as you're

913
01:14:49,416 --> 01:14:51,416
proving out the business

914
01:14:51,416 --> 01:14:53,000
model, that's tricky.

915
01:14:53,000 --> 01:14:53,541
And you just got

916
01:14:53,541 --> 01:14:54,416
to be scrappy,

917
01:14:54,416 --> 01:14:54,958
you know, pulled

918
01:14:54,958 --> 01:14:56,000
that part of cards,

919
01:14:56,000 --> 01:14:57,500
that whole shit.

920
01:14:57,500 --> 01:14:58,583
Yeah. So, yeah.

921
01:14:58,583 --> 01:15:00,750
So you pay this one off,

922
01:15:00,750 --> 01:15:01,625
and then this one ends up

923
01:15:01,625 --> 01:15:02,291
emailing you

924
01:15:02,291 --> 01:15:03,416
that you can get a zero.

925
01:15:03,416 --> 01:15:04,625
And then you take this one

926
01:15:04,625 --> 01:15:06,291
and then just move out here

927
01:15:06,291 --> 01:15:07,416
and then like it's

928
01:15:07,416 --> 01:15:08,083
the shell game

929
01:15:08,083 --> 01:15:08,833
and I'm sure I'm

930
01:15:08,833 --> 01:15:10,208
sure the shell game

931
01:15:10,208 --> 01:15:11,875
happens at all levels.

932
01:15:11,875 --> 01:15:12,166
Right.

933
01:15:12,166 --> 01:15:12,750
Is I just want to

934
01:15:12,750 --> 01:15:13,666
take a little bit of lesson

935
01:15:13,666 --> 01:15:14,833
and move it to here

936
01:15:14,833 --> 01:15:15,833
and then like,

937
01:15:15,833 --> 01:15:16,083
you know,

938
01:15:16,083 --> 01:15:17,250
until you get the

939
01:15:17,250 --> 01:15:18,000
momentum going.

940
01:15:18,000 --> 01:15:19,041
Yeah, we've done all that.

941
01:15:19,041 --> 01:15:20,541
All that's what we've done.

942
01:15:20,541 --> 01:15:21,291
I've done.

943
01:15:21,291 --> 01:15:22,375
You know, I've

944
01:15:22,375 --> 01:15:24,541
personally guaranteed

945
01:15:24,541 --> 01:15:26,000
I've personally guaranteed

946
01:15:26,000 --> 01:15:26,750
more money

947
01:15:26,750 --> 01:15:29,750
than I ever had in cash.

948
01:15:29,875 --> 01:15:30,625
And I didn't have

949
01:15:30,625 --> 01:15:31,583
any other assets.

950
01:15:31,583 --> 01:15:33,250
So you just do that

951
01:15:33,250 --> 01:15:34,250
stuff to scale.

952
01:15:34,250 --> 01:15:35,333
That's just how it is,

953
01:15:35,333 --> 01:15:35,750
you know.

954
01:15:35,750 --> 01:15:37,791
So and it's so funny.

955
01:15:37,791 --> 01:15:38,208
You know,

956
01:15:38,208 --> 01:15:39,000
we were talking

957
01:15:39,000 --> 01:15:39,791
we were joking earlier

958
01:15:39,791 --> 01:15:40,916
about about founder mode

959
01:15:40,916 --> 01:15:41,791
and that idea.

960
01:15:41,791 --> 01:15:42,375
But I think there's

961
01:15:42,375 --> 01:15:44,208
something to the fact that

962
01:15:44,208 --> 01:15:45,291
if you just

963
01:15:45,291 --> 01:15:46,666
look at it on paper,

964
01:15:47,625 --> 01:15:49,916
someone, a CFO or a

965
01:15:49,916 --> 01:15:51,250
controller, might go

966
01:15:51,250 --> 01:15:53,958
this whole thing is, is not.

967
01:15:53,958 --> 01:15:54,583
No thank you.

968
01:15:54,583 --> 01:15:55,916
Like but still

969
01:15:55,916 --> 01:15:56,666
but in your head,

970
01:15:56,666 --> 01:15:57,291
you sort of you

971
01:15:57,291 --> 01:15:58,416
still you have that vision,

972
01:15:58,416 --> 01:15:58,708
you know where

973
01:15:58,708 --> 01:15:59,291
it's going to go.

974
01:15:59,291 --> 01:16:00,416
You sort of see that roadmap.

975
01:16:00,416 --> 01:16:01,458
You know where you're going

976
01:16:01,458 --> 01:16:03,041
and you don't.

977
01:16:03,041 --> 01:16:04,333
Those things

978
01:16:04,333 --> 01:16:04,958
where it's like

979
01:16:04,958 --> 01:16:06,166
you're guaranteeing more

980
01:16:06,166 --> 01:16:09,166
than you have and is is just

981
01:16:09,375 --> 01:16:11,000
sort of little speed bumps

982
01:16:11,000 --> 01:16:12,833
on, on the road versus

983
01:16:12,833 --> 01:16:13,625
if you were to make

984
01:16:13,625 --> 01:16:15,083
logical decisions

985
01:16:15,083 --> 01:16:16,583
on every single one of those,

986
01:16:16,583 --> 01:16:17,041
then it probably

987
01:16:17,041 --> 01:16:17,833
would have been like,

988
01:16:17,833 --> 01:16:18,666
you should shut it down.

989
01:16:18,666 --> 01:16:19,041
Yeah.

990
01:16:19,041 --> 01:16:20,000
And go work

991
01:16:20,000 --> 01:16:21,041
at a restaurant or, you know.

992
01:16:21,041 --> 01:16:21,208
Yeah.

993
01:16:21,208 --> 01:16:22,791
I mean, what but like,

994
01:16:22,791 --> 01:16:23,250
I don't know,

995
01:16:23,250 --> 01:16:24,375
what is logic

996
01:16:24,375 --> 01:16:26,333
like all new businesses

997
01:16:26,333 --> 01:16:27,708
are basically conditioned

998
01:16:27,708 --> 01:16:29,416
to fail the success rate

999
01:16:29,416 --> 01:16:30,416
is very low.

1000
01:16:30,416 --> 01:16:31,416
Like if you just look

1001
01:16:31,416 --> 01:16:32,833
at the numbers of like

1002
01:16:32,833 --> 01:16:34,041
how many you companies

1003
01:16:34,041 --> 01:16:35,083
succeed

1004
01:16:35,083 --> 01:16:36,291
probabilistically

1005
01:16:36,291 --> 01:16:36,958
it's oriented

1006
01:16:36,958 --> 01:16:37,791
towards failure.

1007
01:16:37,791 --> 01:16:39,833
So if you're just data driven

1008
01:16:39,833 --> 01:16:40,791
and you're approach

1009
01:16:40,791 --> 01:16:41,916
for making decisions

1010
01:16:41,916 --> 01:16:43,000
at an early company,

1011
01:16:43,000 --> 01:16:45,291
like at the macro level,

1012
01:16:45,291 --> 01:16:46,958
you will reason yourself into

1013
01:16:46,958 --> 01:16:48,291
never starting

1014
01:16:48,291 --> 01:16:49,000
you just well,

1015
01:16:49,000 --> 01:16:50,916
because probabilistically

1016
01:16:50,916 --> 01:16:52,041
it's not going to turn out

1017
01:16:52,041 --> 01:16:52,333
well.

1018
01:16:52,333 --> 01:16:53,916
But like

1019
01:16:53,916 --> 01:16:55,375
part of the experience

1020
01:16:55,375 --> 01:16:56,666
of being an entrepreneur,

1021
01:16:56,666 --> 01:16:57,291
at least in

1022
01:16:57,291 --> 01:16:59,250
my experience, is like

1023
01:16:59,250 --> 01:17:00,708
you have to bend

1024
01:17:00,708 --> 01:17:03,083
that likelihood curve, right?

1025
01:17:03,083 --> 01:17:03,416
That's

1026
01:17:03,416 --> 01:17:04,083
what you're trying to do

1027
01:17:04,083 --> 01:17:04,833
every day

1028
01:17:04,833 --> 01:17:06,250
by making good decisions

1029
01:17:06,250 --> 01:17:07,416
every day.

1030
01:17:07,416 --> 01:17:08,333
And, you know,

1031
01:17:08,333 --> 01:17:09,666
you wake up ten years later

1032
01:17:09,666 --> 01:17:10,750
or five years later,

1033
01:17:10,750 --> 01:17:11,833
you know, or two years

1034
01:17:11,833 --> 01:17:12,833
later, like,

1035
01:17:12,833 --> 01:17:14,166
and you're like, okay, cool.

1036
01:17:14,166 --> 01:17:14,666
Like we're on the

1037
01:17:14,666 --> 01:17:16,083
right trajectory for now,

1038
01:17:16,083 --> 01:17:17,458
but markets change.

1039
01:17:17,458 --> 01:17:19,541
Like they evolve.

1040
01:17:19,541 --> 01:17:20,291
So like what

1041
01:17:20,291 --> 01:17:21,291
your strategy is going in

1042
01:17:21,291 --> 01:17:22,250
that year may be different.

1043
01:17:22,250 --> 01:17:23,000
You got to reinvent

1044
01:17:23,000 --> 01:17:23,708
like all that stuff.

1045
01:17:23,708 --> 01:17:24,166
That's true.

1046
01:17:24,166 --> 01:17:25,916
So yeah. Yeah.

1047
01:17:25,916 --> 01:17:27,291
I'll tell you a funny story.

1048
01:17:27,291 --> 01:17:29,208
I once hired a CFO, hired

1049
01:17:29,208 --> 01:17:30,708
a CFO, big name guy,

1050
01:17:30,708 --> 01:17:32,000
and he was recommended

1051
01:17:32,000 --> 01:17:33,958
by, like, one of our staff.

1052
01:17:33,958 --> 01:17:35,083
Cool guy.

1053
01:17:35,083 --> 01:17:37,166
But I was like, okay,

1054
01:17:37,166 --> 01:17:39,166
we hired this big boy CFO.

1055
01:17:39,166 --> 01:17:40,666
He's making a lot of money.

1056
01:17:40,666 --> 01:17:41,666
He's going to make sure

1057
01:17:41,666 --> 01:17:43,125
that we don't fuck up

1058
01:17:43,125 --> 01:17:44,333
and, like, run out of money.

1059
01:17:44,333 --> 01:17:44,666
I'm like,

1060
01:17:44,666 --> 01:17:45,333
that's that's

1061
01:17:45,333 --> 01:17:46,000
job number

1062
01:17:46,000 --> 01:17:47,291
one of a CFO is like,

1063
01:17:47,291 --> 01:17:49,375
I stare at the cash balance.

1064
01:17:49,375 --> 01:17:50,000
I make sure

1065
01:17:50,000 --> 01:17:51,958
all my outflows are good,

1066
01:17:51,958 --> 01:17:53,458
all the inflows are good.

1067
01:17:53,458 --> 01:17:54,125
I make sure

1068
01:17:54,125 --> 01:17:55,250
my options are good.

1069
01:17:55,250 --> 01:17:56,125
As a company,

1070
01:17:56,125 --> 01:17:57,125
you do all the things

1071
01:17:57,125 --> 01:17:58,083
and you tell me,

1072
01:17:58,083 --> 01:17:59,416
is it this or is it this?

1073
01:17:59,416 --> 01:18:00,250
That's all I want to know.

1074
01:18:00,250 --> 01:18:02,000
Is it this or this?

1075
01:18:02,000 --> 01:18:02,583
And like

1076
01:18:02,583 --> 01:18:03,250
and it's funny,

1077
01:18:03,250 --> 01:18:04,750
like I was

1078
01:18:04,750 --> 01:18:05,333
at the time,

1079
01:18:05,333 --> 01:18:07,166
I was like living in New York

1080
01:18:07,166 --> 01:18:07,958
and like,

1081
01:18:07,958 --> 01:18:08,291
you know,

1082
01:18:08,291 --> 01:18:09,416
the team was basically

1083
01:18:09,416 --> 01:18:11,458
still distributed and,

1084
01:18:12,958 --> 01:18:13,875
you know, so

1085
01:18:13,875 --> 01:18:14,333
but I

1086
01:18:14,333 --> 01:18:14,541
was a

1087
01:18:14,541 --> 01:18:15,291
little bit disconnected,

1088
01:18:15,291 --> 01:18:16,333
I think from like the,

1089
01:18:16,333 --> 01:18:18,416
the daily goings on.

1090
01:18:18,416 --> 01:18:20,333
And, you know, my,

1091
01:18:20,333 --> 01:18:21,291
one of my business partners

1092
01:18:21,291 --> 01:18:22,791
calls me, it's like, hey,

1093
01:18:22,791 --> 01:18:26,916
like like X, Y and Z we have

1094
01:18:26,916 --> 01:18:27,625
I don't even remember

1095
01:18:27,625 --> 01:18:28,541
what the issue was,

1096
01:18:28,541 --> 01:18:28,916
but he

1097
01:18:28,916 --> 01:18:29,541
I think he told me

1098
01:18:29,541 --> 01:18:30,416
our cash balance

1099
01:18:30,416 --> 01:18:31,000
and like what

1100
01:18:31,000 --> 01:18:32,541
we were spending that month.

1101
01:18:32,541 --> 01:18:33,000
And he's like,

1102
01:18:33,000 --> 01:18:34,000
I'm kind of concerned.

1103
01:18:34,000 --> 01:18:35,583
And I'm like, wait, what?

1104
01:18:35,583 --> 01:18:35,791
Like,

1105
01:18:35,791 --> 01:18:36,833
why don't you call this

1106
01:18:36,833 --> 01:18:38,166
dude and like, tell him this?

1107
01:18:38,166 --> 01:18:39,625
Like, does he know?

1108
01:18:39,625 --> 01:18:40,125
All right, well,

1109
01:18:40,125 --> 01:18:41,041
I tried to talk to him,

1110
01:18:41,041 --> 01:18:41,750
but he doesn't seem to be

1111
01:18:41,750 --> 01:18:42,833
doing anything about it.

1112
01:18:42,833 --> 01:18:44,333
And I'm like, okay,

1113
01:18:44,333 --> 01:18:46,000
so we did like a meeting

1114
01:18:46,000 --> 01:18:46,750
and I was like, bro, like,

1115
01:18:46,750 --> 01:18:47,708
what is going on?

1116
01:18:47,708 --> 01:18:47,833
Like,

1117
01:18:47,833 --> 01:18:48,458
you're not looking

1118
01:18:48,458 --> 01:18:49,541
at this stuff.

1119
01:18:49,541 --> 01:18:49,875
Yeah.

1120
01:18:49,875 --> 01:18:50,875
And he's like, oh, like,

1121
01:18:50,875 --> 01:18:52,000
I think it'll be fine.

1122
01:18:52,000 --> 01:18:52,958
And I'm like, yeah,

1123
01:18:52,958 --> 01:18:54,333
definitely not. So

1124
01:18:55,708 --> 01:18:56,625
we, you know.

1125
01:18:56,625 --> 01:18:57,625
So needless to say,

1126
01:18:57,625 --> 01:18:58,875
we made some adjustments.

1127
01:18:58,875 --> 01:19:01,625
But,

1128
01:19:01,625 --> 01:19:03,125
even if you bring on a CFO,

1129
01:19:03,125 --> 01:19:04,791
that stuff doesn't go away.

1130
01:19:04,791 --> 01:19:06,708
Like as a, as entrepreneur,

1131
01:19:06,708 --> 01:19:07,833
like you're gonna

1132
01:19:07,833 --> 01:19:08,333
you're going to know

1133
01:19:08,333 --> 01:19:09,416
the context the best

1134
01:19:09,416 --> 01:19:10,375
for what type of risk

1135
01:19:10,375 --> 01:19:10,916
you can take

1136
01:19:10,916 --> 01:19:12,125
that makes sense.

1137
01:19:12,125 --> 01:19:12,583
You know.

1138
01:19:12,583 --> 01:19:13,375
Yeah. That's my belief.

1139
01:19:13,375 --> 01:19:15,583
So all those equations

1140
01:19:15,583 --> 01:19:16,000
that you do

1141
01:19:16,000 --> 01:19:17,375
in your head all the time,

1142
01:19:17,375 --> 01:19:19,833
what is the

1143
01:19:19,833 --> 01:19:22,833
does the ten year ago to,

1144
01:19:25,166 --> 01:19:25,958
Like,

1145
01:19:25,958 --> 01:19:27,083
could you see where

1146
01:19:27,083 --> 01:19:27,916
you're at now?

1147
01:19:27,916 --> 01:19:28,875
Like, is it one of those

1148
01:19:28,875 --> 01:19:29,291
that you would

1149
01:19:29,291 --> 01:19:30,416
imagine yourself and,

1150
01:19:30,416 --> 01:19:31,666
and what you're doing now

1151
01:19:31,666 --> 01:19:32,875
from a CEO perspective

1152
01:19:32,875 --> 01:19:33,500
and because obviously

1153
01:19:33,500 --> 01:19:34,583
the ten year ago

1154
01:19:34,583 --> 01:19:36,375
version was not

1155
01:19:36,375 --> 01:19:38,000
CEO qualified. Yeah.

1156
01:19:38,000 --> 01:19:39,166
And so like getting

1157
01:19:39,166 --> 01:19:39,666
to the place

1158
01:19:39,666 --> 01:19:40,750
you're at like,

1159
01:19:40,750 --> 01:19:42,333
you know, what would

1160
01:19:42,333 --> 01:19:44,000
what would today

1161
01:19:44,000 --> 01:19:45,166
tell the ten year

1162
01:19:45,166 --> 01:19:47,083
ago version of you?

1163
01:19:52,625 --> 01:19:54,125
Ten, ten

1164
01:19:54,125 --> 01:19:54,708
years ago,

1165
01:19:54,708 --> 01:19:56,041
I think, like,

1166
01:19:56,041 --> 01:19:58,833
I had no expectations of,

1167
01:19:58,833 --> 01:19:59,625
like, what

1168
01:19:59,625 --> 01:20:00,583
I would be doing

1169
01:20:00,583 --> 01:20:02,000
in ten years.

1170
01:20:02,000 --> 01:20:02,416
I didn't

1171
01:20:02,416 --> 01:20:03,625
I didn't really know.

1172
01:20:03,625 --> 01:20:06,500
and I think,

1173
01:20:06,500 --> 01:20:07,416
you know,

1174
01:20:07,416 --> 01:20:08,875
I would probably be proud of,

1175
01:20:08,875 --> 01:20:10,000
like, what we've built,

1176
01:20:10,000 --> 01:20:11,000
like, as a team,

1177
01:20:11,000 --> 01:20:12,416
you know, ten years later,

1178
01:20:12,416 --> 01:20:14,000
like, pretty proud of, like,

1179
01:20:14,000 --> 01:20:14,875
you know, what we've done

1180
01:20:14,875 --> 01:20:17,875
for companies and developers?

1181
01:20:19,208 --> 01:20:20,958
but our CTO, by the way,

1182
01:20:20,958 --> 01:20:23,958
sorry, our CTO, by the way,

1183
01:20:24,625 --> 01:20:27,625
first interview with Gun.

1184
01:20:27,708 --> 01:20:28,250
All done.

1185
01:20:28,250 --> 01:20:28,708
Awesome.

1186
01:20:28,708 --> 01:20:30,333
And and Martina has,

1187
01:20:30,333 --> 01:20:31,541
has built an elegant

1188
01:20:31,541 --> 01:20:32,208
machine now.

1189
01:20:32,208 --> 01:20:33,375
So I also think

1190
01:20:33,375 --> 01:20:33,916
thank you for that.

1191
01:20:33,916 --> 01:20:35,333
Tell tell the ten year

1192
01:20:35,333 --> 01:20:37,291
ten year ago version.

1193
01:20:37,291 --> 01:20:38,041
Yeah I will

1194
01:20:38,041 --> 01:20:39,083
thank you that that

1195
01:20:39,083 --> 01:20:40,000
oh hearing that

1196
01:20:40,000 --> 01:20:41,375
because like you know

1197
01:20:41,375 --> 01:20:42,083
one of the,

1198
01:20:42,083 --> 01:20:42,791
one of the

1199
01:20:42,791 --> 01:20:43,916
like reasons why we started

1200
01:20:43,916 --> 01:20:45,333
the company is like

1201
01:20:45,333 --> 01:20:46,666
I didn't grow up

1202
01:20:46,666 --> 01:20:46,916
with like

1203
01:20:46,916 --> 01:20:47,416
a lot of

1204
01:20:47,416 --> 01:20:48,708
economic opportunity.

1205
01:20:48,708 --> 01:20:49,583
So it was

1206
01:20:49,583 --> 01:20:50,416
cool to be able

1207
01:20:50,416 --> 01:20:51,583
to build a business

1208
01:20:51,583 --> 01:20:53,541
that like is fundamentally

1209
01:20:53,541 --> 01:20:55,250
predicated on creating

1210
01:20:55,250 --> 01:20:56,291
economic value

1211
01:20:56,291 --> 01:20:57,791
for like founders

1212
01:20:57,791 --> 01:20:58,833
people scaling companies,

1213
01:20:58,833 --> 01:20:59,666
and for a talent

1214
01:20:59,666 --> 01:21:01,166
that they're hiring

1215
01:21:01,166 --> 01:21:01,791
and working with

1216
01:21:01,791 --> 01:21:02,250
and scaling

1217
01:21:02,250 --> 01:21:03,041
their companies with.

1218
01:21:03,041 --> 01:21:04,833
So it's like we make money.

1219
01:21:04,833 --> 01:21:05,625
If people

1220
01:21:05,625 --> 01:21:06,750
make money together.

1221
01:21:06,750 --> 01:21:07,416
And that's

1222
01:21:07,416 --> 01:21:08,916
that's a really good feeling.

1223
01:21:08,916 --> 01:21:10,208
yeah. So

1224
01:21:11,458 --> 01:21:12,208
yeah, I don't know.

1225
01:21:12,208 --> 01:21:14,333
I mean, I it's funny, like,

1226
01:21:14,333 --> 01:21:15,625
I actually

1227
01:21:15,625 --> 01:21:16,583
I feel like CEO

1228
01:21:16,583 --> 01:21:17,875
is just a role that I play

1229
01:21:17,875 --> 01:21:19,708
for like half my day.

1230
01:21:19,708 --> 01:21:20,750
You know, I don't

1231
01:21:20,750 --> 01:21:21,291
that's not like

1232
01:21:21,291 --> 01:21:22,583
a big part of my identity.

1233
01:21:22,583 --> 01:21:24,083
Like being successful

1234
01:21:24,083 --> 01:21:25,958
and doing my best every day.

1235
01:21:25,958 --> 01:21:27,083
That's important to me.

1236
01:21:27,083 --> 01:21:28,083
But like,

1237
01:21:28,083 --> 01:21:28,416
to me,

1238
01:21:28,416 --> 01:21:31,416
CEO is just like a job title,

1239
01:21:31,500 --> 01:21:32,666
you know?

1240
01:21:32,666 --> 01:21:33,166
that's it.

1241
01:21:33,166 --> 01:21:33,458
I don't

1242
01:21:33,458 --> 01:21:34,291
I don't think too much

1243
01:21:34,291 --> 01:21:35,416
about it, honestly.

1244
01:21:35,416 --> 01:21:35,666
Yeah.

1245
01:21:35,666 --> 01:21:38,625
so yeah, I look at it

1246
01:21:38,625 --> 01:21:38,875
like I'm

1247
01:21:38,875 --> 01:21:39,416
the company's

1248
01:21:39,416 --> 01:21:40,541
chief evangelist.

1249
01:21:40,541 --> 01:21:41,666
You know, I try to.

1250
01:21:41,666 --> 01:21:43,750
Yeah. That's it. So. Yeah.

1251
01:21:43,750 --> 01:21:44,333
And it's funny

1252
01:21:44,333 --> 01:21:45,625
if you, if you take we

1253
01:21:45,625 --> 01:21:46,208
we were talking

1254
01:21:46,208 --> 01:21:47,166
back to the founder mode

1255
01:21:47,166 --> 01:21:48,291
versus sort of manager mode.

1256
01:21:48,291 --> 01:21:48,541
If you,

1257
01:21:48,541 --> 01:21:49,416
if you think about it,

1258
01:21:49,416 --> 01:21:50,083
if you take away

1259
01:21:50,083 --> 01:21:51,375
all the titles

1260
01:21:51,375 --> 01:21:52,791
and all the hierarchy

1261
01:21:52,791 --> 01:21:53,458
and stuff like that, it's

1262
01:21:53,458 --> 01:21:54,333
really just

1263
01:21:54,333 --> 01:21:55,833
for a specific thing.

1264
01:21:55,833 --> 01:21:58,416
You have the most context

1265
01:21:58,416 --> 01:22:00,000
of anyone

1266
01:22:00,000 --> 01:22:01,500
in this area

1267
01:22:01,500 --> 01:22:02,458
for this company.

1268
01:22:02,458 --> 01:22:03,625
So it's like, yeah,

1269
01:22:03,625 --> 01:22:04,375
if we're going to go,

1270
01:22:04,375 --> 01:22:04,958
if we're going to

1271
01:22:04,958 --> 01:22:06,083
make a decision,

1272
01:22:06,083 --> 01:22:07,375
I have the most context.

1273
01:22:07,375 --> 01:22:07,583
Here's

1274
01:22:07,583 --> 01:22:08,458
what we're going to do.

1275
01:22:08,458 --> 01:22:09,666
you know,

1276
01:22:09,666 --> 01:22:10,708
and so it's

1277
01:22:10,708 --> 01:22:11,750
interesting to sort of,

1278
01:22:11,750 --> 01:22:12,625
I think take away

1279
01:22:12,625 --> 01:22:13,666
sometimes all those

1280
01:22:13,666 --> 01:22:14,541
like how

1281
01:22:14,541 --> 01:22:15,625
we think about levels

1282
01:22:15,625 --> 01:22:16,458
and, and,

1283
01:22:16,458 --> 01:22:17,916
and, and career advancement

1284
01:22:17,916 --> 01:22:18,333
and all those,

1285
01:22:18,333 --> 01:22:18,916
especially from

1286
01:22:18,916 --> 01:22:20,500
an entrepreneur perspective,

1287
01:22:20,500 --> 01:22:23,125
that, you know, Mark,

1288
01:22:23,125 --> 01:22:24,166
when when he started

1289
01:22:24,166 --> 01:22:25,208
Facebook and Mark

1290
01:22:25,208 --> 01:22:26,041
and you know what I mean?

1291
01:22:26,041 --> 01:22:26,375
Like, it's

1292
01:22:26,375 --> 01:22:27,375
one of those that it's

1293
01:22:27,375 --> 01:22:28,916
just the most context,

1294
01:22:28,916 --> 01:22:32,708
and, and the mixture of to,

1295
01:22:32,750 --> 01:22:33,583
to your point around

1296
01:22:33,583 --> 01:22:34,208
sort of vision

1297
01:22:34,208 --> 01:22:35,750
and determination and,

1298
01:22:35,750 --> 01:22:36,625
and some of the other

1299
01:22:36,625 --> 01:22:37,416
pieces, but,

1300
01:22:37,416 --> 01:22:39,291
but getting away from,

1301
01:22:39,291 --> 01:22:39,958
from sort of

1302
01:22:39,958 --> 01:22:41,583
what a role should be,

1303
01:22:41,583 --> 01:22:42,875
and just growing into,

1304
01:22:42,875 --> 01:22:44,125
into what you become.

1305
01:22:44,125 --> 01:22:45,083
Yeah, totally.

1306
01:22:45,083 --> 01:22:46,833
I mean, I'm like different

1307
01:22:46,833 --> 01:22:49,125
skill sets for CEOs matter

1308
01:22:49,125 --> 01:22:50,000
at different parts

1309
01:22:50,000 --> 01:22:50,791
of the journey.

1310
01:22:50,791 --> 01:22:51,583
Like, you know,

1311
01:22:51,583 --> 01:22:52,583
if you're a public company

1312
01:22:52,583 --> 01:22:53,416
CEO, like,

1313
01:22:53,416 --> 01:22:54,625
you have to be pretty good,

1314
01:22:54,625 --> 01:22:55,083
I think,

1315
01:22:55,083 --> 01:22:55,708
like managing

1316
01:22:55,708 --> 01:22:56,750
competing interests

1317
01:22:56,750 --> 01:22:57,958
and like

1318
01:22:57,958 --> 01:22:59,000
thinking strategically,

1319
01:22:59,000 --> 01:22:59,750
but performing

1320
01:22:59,750 --> 01:23:01,666
to quarterly expectations,

1321
01:23:01,666 --> 01:23:02,333
right?

1322
01:23:02,333 --> 01:23:03,458
As, as

1323
01:23:03,458 --> 01:23:04,416
as like private

1324
01:23:04,416 --> 01:23:05,583
companies, CEOs,

1325
01:23:05,583 --> 01:23:07,458
startups, CEOs,

1326
01:23:07,458 --> 01:23:09,083
we get the benefit of like

1327
01:23:10,041 --> 01:23:11,125
like we get to

1328
01:23:11,125 --> 01:23:12,708
invest in like a two year,

1329
01:23:12,708 --> 01:23:14,666
three year strategy. Right?

1330
01:23:14,666 --> 01:23:15,291
And so you can

1331
01:23:15,291 --> 01:23:16,875
tolerate the ups and downs.

1332
01:23:16,875 --> 01:23:17,500
And I don't have

1333
01:23:17,500 --> 01:23:18,375
to be political

1334
01:23:18,375 --> 01:23:19,250
with our investors.

1335
01:23:19,250 --> 01:23:20,333
I can be all right.

1336
01:23:20,333 --> 01:23:21,625
This is going shit.

1337
01:23:21,625 --> 01:23:22,958
This is going really well.

1338
01:23:22,958 --> 01:23:24,083
I'm excited about this.

1339
01:23:24,083 --> 01:23:26,125
I need more money over here.

1340
01:23:26,125 --> 01:23:27,333
Like we need to kill

1341
01:23:27,333 --> 01:23:28,458
this part of the work.

1342
01:23:28,458 --> 01:23:29,125
Like I can be

1343
01:23:29,125 --> 01:23:30,041
very straightforward.

1344
01:23:30,041 --> 01:23:30,666
And there, like,

1345
01:23:30,666 --> 01:23:31,875
it sounds good.

1346
01:23:31,875 --> 01:23:33,125
If you're a public company

1347
01:23:33,125 --> 01:23:34,375
CEO, like,

1348
01:23:34,375 --> 01:23:34,791
your board

1349
01:23:34,791 --> 01:23:35,875
can just vote you out

1350
01:23:35,875 --> 01:23:36,416
if, like,

1351
01:23:36,416 --> 01:23:37,125
they're not happy

1352
01:23:37,125 --> 01:23:38,250
with the worst performance

1353
01:23:38,250 --> 01:23:39,166
from multiple quarters

1354
01:23:39,166 --> 01:23:40,833
performance. Right? Right.

1355
01:23:40,833 --> 01:23:41,666
I do think that's

1356
01:23:41,666 --> 01:23:42,875
one of the privileges.

1357
01:23:42,875 --> 01:23:43,750
Like we're like,

1358
01:23:43,750 --> 01:23:44,333
as you say,

1359
01:23:44,333 --> 01:23:44,875
we get to have

1360
01:23:44,875 --> 01:23:45,708
a lot of context

1361
01:23:45,708 --> 01:23:47,250
and make decisions

1362
01:23:47,250 --> 01:23:48,291
about the company

1363
01:23:48,291 --> 01:23:48,916
and it's

1364
01:23:48,916 --> 01:23:50,041
it feels pretty good.

1365
01:23:50,041 --> 01:23:51,083
I'd say that

1366
01:23:51,083 --> 01:23:51,708
that's pretty

1367
01:23:51,708 --> 01:23:52,916
it's pretty dope.

1368
01:23:52,916 --> 01:23:55,916
nice jobs I like so so

1369
01:23:56,416 --> 01:23:58,583
so so coming to present day,

1370
01:23:58,583 --> 01:23:59,833
what is the next

1371
01:23:59,833 --> 01:24:00,500
to that point?

1372
01:24:00,500 --> 01:24:00,958
What's the next

1373
01:24:00,958 --> 01:24:02,000
2 to 3 years look like?

1374
01:24:02,000 --> 01:24:02,416
Like what are

1375
01:24:02,416 --> 01:24:03,083
some of the things

1376
01:24:03,083 --> 01:24:03,833
that you're, you're

1377
01:24:03,833 --> 01:24:04,750
sort of pushing towards.

1378
01:24:04,750 --> 01:24:05,750
Yeah, I mean

1379
01:24:05,750 --> 01:24:07,458
I think from a, from a vision

1380
01:24:07,458 --> 01:24:09,583
standpoint, like,

1381
01:24:09,583 --> 01:24:10,125
at least this is

1382
01:24:10,125 --> 01:24:11,875
the way I see our space

1383
01:24:11,875 --> 01:24:12,291
and like,

1384
01:24:12,291 --> 01:24:13,041
maybe you can,

1385
01:24:13,041 --> 01:24:14,375
you can share

1386
01:24:14,375 --> 01:24:15,833
how your experience has been,

1387
01:24:15,833 --> 01:24:17,125
but it's like

1388
01:24:17,125 --> 01:24:18,375
we have built the company

1389
01:24:18,375 --> 01:24:20,000
basically as an agency first,

1390
01:24:20,000 --> 01:24:21,250
then as a platform.

1391
01:24:21,250 --> 01:24:22,791
And so like we're

1392
01:24:22,791 --> 01:24:24,833
we're building into more

1393
01:24:24,833 --> 01:24:27,041
of a self-serve model.

1394
01:24:27,041 --> 01:24:27,750
And one of the things

1395
01:24:27,750 --> 01:24:29,041
that I notice about,

1396
01:24:29,041 --> 01:24:30,458
like when I go to conferences

1397
01:24:30,458 --> 01:24:30,833
and I meet

1398
01:24:30,833 --> 01:24:31,916
with different leaders

1399
01:24:31,916 --> 01:24:32,958
who are like,

1400
01:24:32,958 --> 01:24:33,291
you know,

1401
01:24:33,291 --> 01:24:36,083
hiring people in this market,

1402
01:24:36,083 --> 01:24:38,250
they are like, hey,

1403
01:24:38,250 --> 01:24:39,958
we want like we like your end

1404
01:24:39,958 --> 01:24:41,166
to end solution.

1405
01:24:41,166 --> 01:24:42,250
But I just want to talk

1406
01:24:42,250 --> 01:24:43,125
to some people.

1407
01:24:43,125 --> 01:24:43,458
I'm like,

1408
01:24:43,458 --> 01:24:44,583
I don't need you to do

1409
01:24:44,583 --> 01:24:46,250
like all this

1410
01:24:46,250 --> 01:24:48,166
a payments compliance.

1411
01:24:48,166 --> 01:24:48,875
I don't need that shit.

1412
01:24:48,875 --> 01:24:49,916
I just want to

1413
01:24:49,916 --> 01:24:50,916
meet some people.

1414
01:24:50,916 --> 01:24:51,625
Maybe I want you to

1415
01:24:51,625 --> 01:24:52,291
vet some of them,

1416
01:24:52,291 --> 01:24:53,333
maybe I don't.

1417
01:24:53,333 --> 01:24:54,916
I have 3 or 4 engineers.

1418
01:24:54,916 --> 01:24:55,958
That will be a part

1419
01:24:55,958 --> 01:24:57,458
of the interview process.

1420
01:24:57,458 --> 01:24:57,958
So I just say

1421
01:24:57,958 --> 01:24:59,583
applicants or,

1422
01:24:59,583 --> 01:25:01,958
hey, I want to hire somebody.

1423
01:25:01,958 --> 01:25:02,708
I need you guys

1424
01:25:02,708 --> 01:25:05,125
to help support cross border.

1425
01:25:05,125 --> 01:25:06,041
I need you to do

1426
01:25:06,041 --> 01:25:07,958
all the compliance for me.

1427
01:25:07,958 --> 01:25:09,083
And so thinking about

1428
01:25:09,083 --> 01:25:10,291
the business is a little bit

1429
01:25:10,291 --> 01:25:11,416
more modular.

1430
01:25:11,416 --> 01:25:12,166
And the next

1431
01:25:12,166 --> 01:25:13,375
arc of the company

1432
01:25:13,375 --> 01:25:14,000
is something

1433
01:25:14,000 --> 01:25:15,166
that like we're working

1434
01:25:15,166 --> 01:25:16,250
through workshopping,

1435
01:25:16,250 --> 01:25:19,375
I would say, just so we can

1436
01:25:20,125 --> 01:25:21,291
we can support more

1437
01:25:21,291 --> 01:25:24,291
use cases, across

1438
01:25:24,500 --> 01:25:27,291
like the hiring landscape

1439
01:25:27,291 --> 01:25:30,083
because H.R recruiting is a

1440
01:25:30,083 --> 01:25:30,708
is a very

1441
01:25:30,708 --> 01:25:32,208
interesting industry

1442
01:25:32,208 --> 01:25:33,666
to be like.

1443
01:25:33,666 --> 01:25:34,166
It is.

1444
01:25:34,166 --> 01:25:34,833
Yeah.

1445
01:25:34,833 --> 01:25:36,416
It's all relationship based.

1446
01:25:36,416 --> 01:25:37,291
There's like very little

1447
01:25:37,291 --> 01:25:38,875
competitive differentiation.

1448
01:25:38,875 --> 01:25:39,750
Right.

1449
01:25:39,750 --> 01:25:40,958
That's that's right

1450
01:25:40,958 --> 01:25:42,291
about recruiting.

1451
01:25:42,291 --> 01:25:44,250
because what we do

1452
01:25:44,250 --> 01:25:46,250
another recruiter can do,

1453
01:25:46,250 --> 01:25:48,500
if they have relationships

1454
01:25:48,500 --> 01:25:48,916
with our,

1455
01:25:48,916 --> 01:25:49,625
with our network,

1456
01:25:49,625 --> 01:25:50,333
I think the strength

1457
01:25:50,333 --> 01:25:50,958
of our business

1458
01:25:50,958 --> 01:25:52,583
is our network and our brand

1459
01:25:52,583 --> 01:25:53,541
and how much developers

1460
01:25:53,541 --> 01:25:54,500
like working with us

1461
01:25:54,500 --> 01:25:55,166
and companies

1462
01:25:55,166 --> 01:25:56,625
like, like y'all

1463
01:25:56,625 --> 01:25:58,958
enjoy working with us, but

1464
01:25:58,958 --> 01:26:00,166
trying to make the business

1465
01:26:00,166 --> 01:26:01,041
more modular

1466
01:26:01,041 --> 01:26:02,250
so we can

1467
01:26:02,250 --> 01:26:02,875
like so

1468
01:26:02,875 --> 01:26:04,791
as you guys scale, like,

1469
01:26:04,791 --> 01:26:05,583
you probably don't

1470
01:26:05,583 --> 01:26:06,916
need a full platform

1471
01:26:06,916 --> 01:26:08,625
and you probably just want

1472
01:26:08,625 --> 01:26:09,958
a couple of developers

1473
01:26:09,958 --> 01:26:10,708
to look at,

1474
01:26:10,708 --> 01:26:12,416
maybe decide to interview.

1475
01:26:12,416 --> 01:26:13,750
Or maybe you're like, hey,

1476
01:26:13,750 --> 01:26:14,250
I want to work

1477
01:26:14,250 --> 01:26:16,708
with a Latin American shop,

1478
01:26:16,708 --> 01:26:18,000
but I don't want to handle

1479
01:26:18,000 --> 01:26:19,000
the compliance piece,

1480
01:26:19,000 --> 01:26:19,916
or I want an audit

1481
01:26:19,916 --> 01:26:20,750
of the work they're doing.

1482
01:26:20,750 --> 01:26:21,791
We want to be a plug

1483
01:26:21,791 --> 01:26:22,500
in and support

1484
01:26:22,500 --> 01:26:23,416
that, basically.

1485
01:26:23,416 --> 01:26:24,625
So that's

1486
01:26:24,625 --> 01:26:25,416
what the next couple of years

1487
01:26:25,416 --> 01:26:26,666
looks like.

1488
01:26:26,666 --> 01:26:27,208
I think it's

1489
01:26:27,208 --> 01:26:28,000
I think it's great.

1490
01:26:28,000 --> 01:26:29,875
And I've actually worked with

1491
01:26:29,875 --> 01:26:30,833
and for and partnered

1492
01:26:30,833 --> 01:26:32,041
with other like,

1493
01:26:32,041 --> 01:26:35,375
hiring and recruiting firms

1494
01:26:35,375 --> 01:26:36,791
and in past lives.

1495
01:26:36,791 --> 01:26:39,125
And so I, I know it

1496
01:26:39,125 --> 01:26:41,750
fairly well and it

1497
01:26:41,750 --> 01:26:43,833
I love the, the modular piece

1498
01:26:43,833 --> 01:26:45,208
because being able to also

1499
01:26:45,208 --> 01:26:46,083
there are times where

1500
01:26:46,083 --> 01:26:47,750
I just want to sort of search

1501
01:26:47,750 --> 01:26:48,625
and get an idea

1502
01:26:48,625 --> 01:26:49,500
of what things

1503
01:26:49,500 --> 01:26:50,208
are looking like.

1504
01:26:50,208 --> 01:26:53,000
And I may sort of like flag

1505
01:26:53,000 --> 01:26:53,875
a couple of people and go,

1506
01:26:53,875 --> 01:26:55,500
this could be interesting.

1507
01:26:55,500 --> 01:26:56,708
but then there are

1508
01:26:56,708 --> 01:26:57,541
other periods

1509
01:26:57,541 --> 01:26:58,500
where, you know,

1510
01:26:58,500 --> 01:27:00,125
if we scale up

1511
01:27:00,125 --> 01:27:00,500
and there's a,

1512
01:27:00,500 --> 01:27:01,375
there's a big curve

1513
01:27:01,375 --> 01:27:02,208
and I need to add,

1514
01:27:02,208 --> 01:27:03,708
you know, get 4 or 5 people.

1515
01:27:03,708 --> 01:27:05,416
by the way, shout,

1516
01:27:05,416 --> 01:27:06,750
shout out to Carrie.

1517
01:27:06,750 --> 01:27:07,291
Amazing.

1518
01:27:07,291 --> 01:27:08,041
yeah,

1519
01:27:08,041 --> 01:27:09,916
I would totally slack

1520
01:27:09,916 --> 01:27:10,958
Carrie and be like,

1521
01:27:10,958 --> 01:27:12,291
I have a need.

1522
01:27:12,291 --> 01:27:13,291
I cannot write you

1523
01:27:13,291 --> 01:27:14,333
all the job descriptions,

1524
01:27:14,333 --> 01:27:15,958
but if I can just loom myself

1525
01:27:15,958 --> 01:27:17,583
talking for a minute, like,

1526
01:27:17,583 --> 01:27:17,916
and that's

1527
01:27:17,916 --> 01:27:19,125
that's literally what we've,

1528
01:27:19,125 --> 01:27:20,333
we've done a couple of times

1529
01:27:20,333 --> 01:27:24,375
and I think total with Gun,

1530
01:27:24,666 --> 01:27:25,791
I've had three interviews

1531
01:27:25,791 --> 01:27:26,666
with three people

1532
01:27:26,666 --> 01:27:27,916
and two of them we hired.

1533
01:27:27,916 --> 01:27:28,666
That's it.

1534
01:27:28,666 --> 01:27:29,250
And so

1535
01:27:29,250 --> 01:27:30,708
and so being able to

1536
01:27:30,708 --> 01:27:32,416
and I know that running

1537
01:27:32,416 --> 01:27:34,375
HR at larger firms

1538
01:27:34,375 --> 01:27:34,875
where I was,

1539
01:27:34,875 --> 01:27:36,083
I was in charge of operations

1540
01:27:36,083 --> 01:27:37,208
and hiring,

1541
01:27:37,208 --> 01:27:38,458
I would go through those.

1542
01:27:38,458 --> 01:27:38,916
It was a

1543
01:27:38,916 --> 01:27:40,166
it was a two month cycle,

1544
01:27:40,166 --> 01:27:40,666
having someone

1545
01:27:40,666 --> 01:27:41,416
come into the office.

1546
01:27:41,416 --> 01:27:42,500
And so nice to meet you.

1547
01:27:42,500 --> 01:27:43,375
Can I get you some water

1548
01:27:43,375 --> 01:27:43,750
and why don't you

1549
01:27:43,750 --> 01:27:44,333
sit down here,

1550
01:27:44,333 --> 01:27:45,416
whatever it is,

1551
01:27:45,416 --> 01:27:46,416
and to be able to sort of

1552
01:27:46,416 --> 01:27:48,375
get more into this like,

1553
01:27:48,375 --> 01:27:49,916
no, just

1554
01:27:49,916 --> 01:27:50,666
help me sort of

1555
01:27:50,666 --> 01:27:51,416
figure this out

1556
01:27:51,416 --> 01:27:52,791
or let me sort of

1557
01:27:52,791 --> 01:27:53,750
figure it out for a minute.

1558
01:27:53,750 --> 01:27:54,625
And to be able to flex

1559
01:27:54,625 --> 01:27:56,625
in that is, is is so great

1560
01:27:56,625 --> 01:27:58,583
because it's never just one

1561
01:27:58,583 --> 01:27:59,083
or the other.

1562
01:27:59,083 --> 01:28:00,083
there's,

1563
01:28:00,083 --> 01:28:00,583
there's always

1564
01:28:00,583 --> 01:28:01,750
different cycles.

1565
01:28:01,750 --> 01:28:03,041
And sometimes, like I said,

1566
01:28:03,041 --> 01:28:04,250
it may be like, I'm

1567
01:28:04,250 --> 01:28:04,666
going to send you

1568
01:28:04,666 --> 01:28:06,750
a video of what I need,

1569
01:28:06,750 --> 01:28:07,250
or I'm going to

1570
01:28:07,250 --> 01:28:08,625
just send you a big write up.

1571
01:28:08,625 --> 01:28:09,750
And if you can just help me

1572
01:28:09,750 --> 01:28:10,250
solve this,

1573
01:28:10,250 --> 01:28:10,958
that would be great.

1574
01:28:10,958 --> 01:28:11,958
And then other times

1575
01:28:11,958 --> 01:28:13,000
that, like, I want to,

1576
01:28:13,000 --> 01:28:13,416
you know, I'm

1577
01:28:13,416 --> 01:28:14,125
looking for something

1578
01:28:14,125 --> 01:28:15,083
very specific

1579
01:28:15,083 --> 01:28:16,416
and I want to sort of pick

1580
01:28:16,416 --> 01:28:17,208
through it myself.

1581
01:28:17,208 --> 01:28:19,000
And so I like that

1582
01:28:19,000 --> 01:28:19,916
and I like that approach.

1583
01:28:19,916 --> 01:28:21,000
That's awesome. Yeah.

1584
01:28:21,000 --> 01:28:21,958
You mean like

1585
01:28:21,958 --> 01:28:22,750
even before

1586
01:28:22,750 --> 01:28:23,750
you look at people,

1587
01:28:23,750 --> 01:28:24,833
you may want to look at like

1588
01:28:24,833 --> 01:28:25,791
what's compensation

1589
01:28:25,791 --> 01:28:26,375
looking like.

1590
01:28:26,375 --> 01:28:26,958
Like how much do

1591
01:28:26,958 --> 01:28:27,750
I need to budget.

1592
01:28:27,750 --> 01:28:28,708
And so

1593
01:28:28,708 --> 01:28:29,875
yeah, you know, we

1594
01:28:29,875 --> 01:28:31,000
we have a database

1595
01:28:31,000 --> 01:28:32,500
of all of the compensation

1596
01:28:32,500 --> 01:28:34,125
of all everybody that's ever

1597
01:28:34,125 --> 01:28:34,791
gotten hired

1598
01:28:34,791 --> 01:28:35,791
across the world.

1599
01:28:35,791 --> 01:28:37,125
And so I'm

1600
01:28:37,125 --> 01:28:38,750
just exposing that to you

1601
01:28:38,750 --> 01:28:39,208
before

1602
01:28:39,208 --> 01:28:40,916
you're even ready to hire

1603
01:28:40,916 --> 01:28:41,500
like that

1604
01:28:41,500 --> 01:28:43,416
will help you size and budget

1605
01:28:43,416 --> 01:28:44,041
and then

1606
01:28:44,041 --> 01:28:45,250
see when you can time

1607
01:28:45,250 --> 01:28:45,958
certain things

1608
01:28:45,958 --> 01:28:47,875
before you even enter into

1609
01:28:47,875 --> 01:28:48,500
a hiring motion,

1610
01:28:48,500 --> 01:28:49,291
because that's costly.

1611
01:28:49,291 --> 01:28:50,666
That takes

1612
01:28:50,666 --> 01:28:52,166
time away from other stuff.

1613
01:28:52,166 --> 01:28:54,041
And so that's some of the.

1614
01:28:54,041 --> 01:28:55,041
Yeah, I mean, to your point,

1615
01:28:55,041 --> 01:28:55,666
that's some of the

1616
01:28:55,666 --> 01:28:56,333
thinking around

1617
01:28:56,333 --> 01:28:58,041
the modularity piece.

1618
01:28:58,041 --> 01:28:58,875
At least,

1619
01:28:58,875 --> 01:28:59,666
you know, the way we'll do it

1620
01:28:59,666 --> 01:29:00,625
is when we put together

1621
01:29:00,625 --> 01:29:01,791
our annual roadmap

1622
01:29:01,791 --> 01:29:02,958
every year,

1623
01:29:02,958 --> 01:29:04,166
we'll budget in roles

1624
01:29:04,166 --> 01:29:05,666
at certain times of the year.

1625
01:29:05,666 --> 01:29:06,375
Right.

1626
01:29:06,375 --> 01:29:08,083
So if you're layering

1627
01:29:08,083 --> 01:29:09,416
in a cost,

1628
01:29:09,416 --> 01:29:09,833
let's say

1629
01:29:09,833 --> 01:29:11,541
in April of the next year,

1630
01:29:11,541 --> 01:29:12,416
you want to know what

1631
01:29:12,416 --> 01:29:13,750
that ongoing cost is,

1632
01:29:13,750 --> 01:29:14,833
because you need to be able

1633
01:29:14,833 --> 01:29:15,458
to put that

1634
01:29:15,458 --> 01:29:16,375
in your financial plan.

1635
01:29:16,375 --> 01:29:17,708
Right. So, right.

1636
01:29:17,708 --> 01:29:19,958
yeah.

1637
01:29:19,958 --> 01:29:21,916
that's cool.

1638
01:29:21,916 --> 01:29:23,125
You guys would loom

1639
01:29:23,125 --> 01:29:24,166
like your Rex.

1640
01:29:24,166 --> 01:29:25,416
That's cool, that's awesome.

1641
01:29:25,416 --> 01:29:26,208
I don't know that.

1642
01:29:26,208 --> 01:29:27,625
Well, I, I,

1643
01:29:27,625 --> 01:29:28,791
I think in this,

1644
01:29:28,791 --> 01:29:29,625
you know, it's interesting,

1645
01:29:29,625 --> 01:29:31,208
this return back to office

1646
01:29:31,208 --> 01:29:31,666
kind of like

1647
01:29:31,666 --> 01:29:32,583
everyone needs like

1648
01:29:32,583 --> 01:29:33,375
the office.

1649
01:29:33,375 --> 01:29:34,083
I really think

1650
01:29:34,083 --> 01:29:34,625
it's one of those

1651
01:29:34,625 --> 01:29:36,541
that that we still have

1652
01:29:36,541 --> 01:29:37,833
a level of management

1653
01:29:37,833 --> 01:29:39,083
that is just used to like

1654
01:29:39,083 --> 01:29:39,708
seeing people

1655
01:29:39,708 --> 01:29:40,583
and having meetings

1656
01:29:40,583 --> 01:29:41,583
and talking and being like,

1657
01:29:41,583 --> 01:29:42,000
I know

1658
01:29:42,000 --> 01:29:43,750
that things are working

1659
01:29:43,750 --> 01:29:44,708
in the,

1660
01:29:44,708 --> 01:29:45,916
you know, with using

1661
01:29:45,916 --> 01:29:46,958
tools appropriately.

1662
01:29:46,958 --> 01:29:47,958
Thinking about slack,

1663
01:29:47,958 --> 01:29:48,708
I use slack

1664
01:29:48,708 --> 01:29:50,333
audio messages all the time.

1665
01:29:50,333 --> 01:29:50,625
Right.

1666
01:29:50,625 --> 01:29:51,333
I'll just like,

1667
01:29:51,333 --> 01:29:52,041
I'm in the car,

1668
01:29:52,041 --> 01:29:52,583
I'm on the go, I'm

1669
01:29:52,583 --> 01:29:53,125
picking up the kids

1670
01:29:53,125 --> 01:29:53,916
from school

1671
01:29:53,916 --> 01:29:55,166
and I'll record something.

1672
01:29:55,166 --> 01:29:56,125
I've done this for Carrie.

1673
01:29:56,125 --> 01:29:56,625
I she could

1674
01:29:56,625 --> 01:29:57,666
she can attest, I'll.

1675
01:29:57,666 --> 01:29:58,500
I'll just record

1676
01:29:58,500 --> 01:30:00,333
like a minute as I'm driving.

1677
01:30:00,333 --> 01:30:01,125
I'll hit it. I'll go.

1678
01:30:01,125 --> 01:30:01,750
Hey, so

1679
01:30:01,750 --> 01:30:02,541
this is what I was thinking.

1680
01:30:02,541 --> 01:30:03,500
If we could look for

1681
01:30:03,500 --> 01:30:04,625
somebody like this

1682
01:30:04,625 --> 01:30:05,750
and then this.

1683
01:30:05,750 --> 01:30:06,833
But I want to make sure

1684
01:30:06,833 --> 01:30:07,791
that this and this

1685
01:30:07,791 --> 01:30:08,333
and send it

1686
01:30:08,333 --> 01:30:09,750
and slack transcribes it,

1687
01:30:09,750 --> 01:30:10,708
and then she can basically

1688
01:30:10,708 --> 01:30:12,041
just read it and goes, cool,

1689
01:30:12,041 --> 01:30:12,416
sounds good.

1690
01:30:12,416 --> 01:30:13,916
I'll look for it tomorrow.

1691
01:30:13,916 --> 01:30:14,791
And then she sends over

1692
01:30:14,791 --> 01:30:15,833
a few things like, it's

1693
01:30:15,833 --> 01:30:17,125
so different than I think

1694
01:30:17,125 --> 01:30:17,958
traditionally,

1695
01:30:17,958 --> 01:30:18,916
especially even

1696
01:30:18,916 --> 01:30:20,041
five years ago or more,

1697
01:30:20,041 --> 01:30:21,375
where it was very

1698
01:30:21,375 --> 01:30:22,250
I had an email

1699
01:30:22,250 --> 01:30:23,583
from a recruiter.

1700
01:30:23,583 --> 01:30:24,625
Do you have time to meet

1701
01:30:24,625 --> 01:30:25,041
this week?

1702
01:30:25,041 --> 01:30:26,083
I'd love to meet with you.

1703
01:30:26,083 --> 01:30:26,708
And then I'm going

1704
01:30:26,708 --> 01:30:27,166
to send over

1705
01:30:27,166 --> 01:30:29,333
a stack of resumes.

1706
01:30:29,333 --> 01:30:29,708
If you can,

1707
01:30:29,708 --> 01:30:30,791
please review those.

1708
01:30:30,791 --> 01:30:31,208
You know what I mean?

1709
01:30:31,208 --> 01:30:32,250
It was just this long

1710
01:30:32,250 --> 01:30:33,500
sort of cycle

1711
01:30:33,500 --> 01:30:34,166
to get to where

1712
01:30:34,166 --> 01:30:35,000
I wanted to get to,

1713
01:30:35,000 --> 01:30:36,833
which was just like,

1714
01:30:36,833 --> 01:30:37,916
send a couple of people over

1715
01:30:37,916 --> 01:30:39,666
and let us talk like this.

1716
01:30:39,666 --> 01:30:40,375
And this is how

1717
01:30:40,375 --> 01:30:41,333
I ended up doing it anyway,

1718
01:30:41,333 --> 01:30:42,250
because from a resume

1719
01:30:42,250 --> 01:30:43,250
perspective,

1720
01:30:43,250 --> 01:30:44,083
you know, things

1721
01:30:44,083 --> 01:30:45,458
kind of blur sometimes,

1722
01:30:45,458 --> 01:30:47,000
but you really start to,

1723
01:30:47,000 --> 01:30:48,333
to meet someone,

1724
01:30:48,333 --> 01:30:50,125
you know, over video chat

1725
01:30:50,125 --> 01:30:51,416
or in person, and,

1726
01:30:51,416 --> 01:30:52,833
and it goes much quicker,

1727
01:30:52,833 --> 01:30:54,041
but basically compressing

1728
01:30:54,041 --> 01:30:54,708
that time

1729
01:30:54,708 --> 01:30:55,833
of all the formalities

1730
01:30:55,833 --> 01:30:56,666
that we do as

1731
01:30:56,666 --> 01:30:58,000
a, you know, as a large

1732
01:30:58,000 --> 01:30:59,833
recruiting firm versus

1733
01:30:59,833 --> 01:31:00,625
let's just sort of use

1734
01:31:00,625 --> 01:31:01,250
the tools that we have.

1735
01:31:01,250 --> 01:31:02,333
Now, let's cut to the chase,

1736
01:31:02,333 --> 01:31:03,375
let's get right down to it,

1737
01:31:03,375 --> 01:31:04,166
and I'll give you that.

1738
01:31:04,166 --> 01:31:05,125
And then

1739
01:31:05,125 --> 01:31:05,750
and it saves

1740
01:31:05,750 --> 01:31:06,916
from a company perspective,

1741
01:31:06,916 --> 01:31:07,458
it saves us

1742
01:31:07,458 --> 01:31:09,416
both overhead hours. Yeah.

1743
01:31:09,416 --> 01:31:11,000
of of all

1744
01:31:11,000 --> 01:31:12,083
the sort of formalities

1745
01:31:12,083 --> 01:31:12,708
that go into things

1746
01:31:12,708 --> 01:31:13,375
sometimes. Yeah.

1747
01:31:13,375 --> 01:31:14,500
A time, you know,

1748
01:31:14,500 --> 01:31:15,708
the cool thing is actually,

1749
01:31:15,708 --> 01:31:16,666
I'm pretty excited

1750
01:31:16,666 --> 01:31:17,208
about this

1751
01:31:17,208 --> 01:31:18,250
last scheduling

1752
01:31:18,250 --> 01:31:20,750
in the app, like tomorrow.

1753
01:31:20,750 --> 01:31:21,958
So if you need to schedule

1754
01:31:21,958 --> 01:31:22,791
your interviews,

1755
01:31:22,791 --> 01:31:23,791
that's all done,

1756
01:31:23,791 --> 01:31:25,666
like automatically

1757
01:31:25,666 --> 01:31:26,666
which yeah,

1758
01:31:26,666 --> 01:31:28,791
I have log time want that

1759
01:31:28,791 --> 01:31:29,416
because I hate

1760
01:31:29,416 --> 01:31:31,250
scheduling stuff in-store.

1761
01:31:31,250 --> 01:31:31,458
Yeah.

1762
01:31:31,458 --> 01:31:32,708
And so

1763
01:31:32,708 --> 01:31:33,541
you know,

1764
01:31:33,541 --> 01:31:34,625
like how do we not have

1765
01:31:34,625 --> 01:31:35,666
a calendar integration

1766
01:31:35,666 --> 01:31:36,500
in this app.

1767
01:31:36,500 --> 01:31:37,208
That's crazy.

1768
01:31:37,208 --> 01:31:38,958
So I'm a big I'm

1769
01:31:38,958 --> 01:31:40,125
a big calendly.

1770
01:31:40,125 --> 01:31:40,791
I have like

1771
01:31:40,791 --> 01:31:42,250
five different calendars

1772
01:31:42,250 --> 01:31:42,750
and they're all

1773
01:31:42,750 --> 01:31:43,666
sort of set up. Right.

1774
01:31:43,666 --> 01:31:44,458
But it is one of those

1775
01:31:44,458 --> 01:31:44,916
that like

1776
01:31:44,916 --> 01:31:46,458
I love more than anything.

1777
01:31:46,458 --> 01:31:47,125
If someone said

1778
01:31:47,125 --> 01:31:47,833
we should totally meet

1779
01:31:47,833 --> 01:31:48,500
about that,

1780
01:31:48,500 --> 01:31:49,458
take about three seconds

1781
01:31:49,458 --> 01:31:50,250
and you got my link,

1782
01:31:50,250 --> 01:31:50,750
I'm like,

1783
01:31:50,750 --> 01:31:51,708
you know, find a time

1784
01:31:51,708 --> 01:31:52,541
that works. Yeah.

1785
01:31:52,541 --> 01:31:53,875
Like just compressing

1786
01:31:53,875 --> 01:31:54,625
that versus going

1787
01:31:54,625 --> 01:31:56,208
is Tuesday afternoon.

1788
01:31:56,208 --> 01:31:57,083
Let me let me get my,

1789
01:31:57,083 --> 01:31:58,416
you know, or whatever. Yeah.

1790
01:31:58,416 --> 01:32:00,333
yeah.

1791
01:32:00,333 --> 01:32:02,666
So, amazing.

1792
01:32:02,666 --> 01:32:04,083
So let's go,

1793
01:32:04,083 --> 01:32:05,041
let's let's hit,

1794
01:32:05,041 --> 01:32:07,583
your one, so 0 to 1.

1795
01:32:08,666 --> 01:32:09,833
When, when did you

1796
01:32:09,833 --> 01:32:11,125
feel like you hit that?

1797
01:32:11,125 --> 01:32:12,125
Sort of like.

1798
01:32:12,125 --> 01:32:14,541
I'm not I'm not wondering.

1799
01:32:14,541 --> 01:32:15,916
I'm not guessing.

1800
01:32:15,916 --> 01:32:17,541
Was it was it post

1801
01:32:17,541 --> 01:32:19,041
first raise second raise.

1802
01:32:19,041 --> 01:32:19,541
Was it

1803
01:32:19,541 --> 01:32:20,958
like a certain milestone

1804
01:32:20,958 --> 01:32:21,500
that you got to

1805
01:32:21,500 --> 01:32:22,791
where you went like,

1806
01:32:22,791 --> 01:32:25,791
okay, waters are are calm.

1807
01:32:26,708 --> 01:32:27,750
I can see forward.

1808
01:32:27,750 --> 01:32:29,041
I'm not really worried about,

1809
01:32:29,041 --> 01:32:30,666
you know, covering payroll

1810
01:32:30,666 --> 01:32:31,333
by moving around

1811
01:32:31,333 --> 01:32:32,250
the shell game or whatever

1812
01:32:32,250 --> 01:32:32,958
like heavy.

1813
01:32:32,958 --> 01:32:33,875
Was there a period

1814
01:32:33,875 --> 01:32:34,666
where you got to that

1815
01:32:34,666 --> 01:32:35,541
and you were like, okay,

1816
01:32:35,541 --> 01:32:36,458
I can breathe for a second

1817
01:32:36,458 --> 01:32:37,458
now it's time to grow. Yeah.

1818
01:32:37,458 --> 01:32:38,291
I think,

1819
01:32:38,291 --> 01:32:38,500
it was

1820
01:32:38,500 --> 01:32:41,375
when we probably hit like,

1821
01:32:41,375 --> 01:32:41,916
you know,

1822
01:32:41,916 --> 01:32:43,666
so our revenue is like

1823
01:32:43,666 --> 01:32:44,541
so, you know, recruiting

1824
01:32:44,541 --> 01:32:45,583
from some, like a gross

1825
01:32:45,583 --> 01:32:47,125
top line revenue, right.

1826
01:32:47,125 --> 01:32:48,291
Which basically

1827
01:32:48,291 --> 01:32:50,083
market like they call it

1828
01:32:50,083 --> 01:32:50,666
GMP in

1829
01:32:50,666 --> 01:32:52,500
marketplace businesses.

1830
01:32:52,500 --> 01:32:53,958
And then we have a split

1831
01:32:53,958 --> 01:32:55,625
that's like to the business

1832
01:32:55,625 --> 01:32:57,166
not to the developers. Right.

1833
01:32:57,166 --> 01:32:58,583
And so

1834
01:32:58,583 --> 01:32:59,541
we call that line

1835
01:32:59,541 --> 01:33:00,583
item net revenue.

1836
01:33:00,583 --> 01:33:02,208
So from a net revenue basis

1837
01:33:02,208 --> 01:33:03,750
I think we were doing like

1838
01:33:04,791 --> 01:33:08,416
15200

1839
01:33:08,416 --> 01:33:09,208
a year,

1840
01:33:09,208 --> 01:33:10,250
something like this

1841
01:33:10,250 --> 01:33:11,875
probably year

1842
01:33:11,875 --> 01:33:12,916
like probably halfway

1843
01:33:12,916 --> 01:33:15,916
in the year three I think.

1844
01:33:16,250 --> 01:33:19,958
and that was the year

1845
01:33:19,958 --> 01:33:21,083
that I,

1846
01:33:21,083 --> 01:33:23,000
and I set up the team on 50

1847
01:33:23,000 --> 01:33:24,666
K, your salaries.

1848
01:33:24,666 --> 01:33:26,750
I was like, cool.

1849
01:33:26,750 --> 01:33:27,666
They have employment

1850
01:33:27,666 --> 01:33:28,833
contracts,

1851
01:33:28,833 --> 01:33:30,166
we have salaries

1852
01:33:30,166 --> 01:33:33,041
as a payroll provider.

1853
01:33:33,041 --> 01:33:34,458
Real money. Yeah. Yeah.

1854
01:33:34,458 --> 01:33:36,708
I was like, yeah, I think so.

1855
01:33:36,708 --> 01:33:37,958
That's like that maybe a year

1856
01:33:37,958 --> 01:33:38,500
two and a half.

1857
01:33:38,500 --> 01:33:40,083
And so that was the time

1858
01:33:40,083 --> 01:33:40,625
when I was like,

1859
01:33:40,625 --> 01:33:42,125
you know what.

1860
01:33:42,125 --> 01:33:44,041
And this all goes to shit.

1861
01:33:44,041 --> 01:33:46,250
Like I knew that we could go

1862
01:33:46,250 --> 01:33:47,916
and make salaries.

1863
01:33:47,916 --> 01:33:49,000
And I also like, knew

1864
01:33:49,000 --> 01:33:49,625
that we could go

1865
01:33:49,625 --> 01:33:50,833
build something else

1866
01:33:50,833 --> 01:33:51,625
because we've done it

1867
01:33:51,625 --> 01:33:53,375
once before

1868
01:33:53,375 --> 01:33:56,041
and also at that time, like,

1869
01:33:56,041 --> 01:33:57,666
this is how I've always been.

1870
01:33:57,666 --> 01:33:59,166
and the pandemic

1871
01:33:59,166 --> 01:34:00,333
is just a little bit harder.

1872
01:34:00,333 --> 01:34:02,125
But I'll take every meeting

1873
01:34:02,125 --> 01:34:03,291
like somebody wants to meet.

1874
01:34:03,291 --> 01:34:04,375
I'll take that meeting.

1875
01:34:04,375 --> 01:34:04,875
I don't even know

1876
01:34:04,875 --> 01:34:05,958
what the fuck I'm doing it.

1877
01:34:05,958 --> 01:34:08,958
But like all things of it,

1878
01:34:09,083 --> 01:34:10,041
yeah, it will be value

1879
01:34:10,041 --> 01:34:10,916
add for them, value

1880
01:34:10,916 --> 01:34:12,083
add for us. Right?

1881
01:34:12,083 --> 01:34:13,625
And so

1882
01:34:13,625 --> 01:34:14,125
it just take

1883
01:34:14,125 --> 01:34:14,875
a lot of meetings

1884
01:34:14,875 --> 01:34:16,083
and I think,

1885
01:34:16,083 --> 01:34:17,416
you know, and the

1886
01:34:17,416 --> 01:34:18,416
it's still true today.

1887
01:34:18,416 --> 01:34:18,916
But if you're

1888
01:34:18,916 --> 01:34:19,708
running a business

1889
01:34:19,708 --> 01:34:21,000
and you're an entrepreneur

1890
01:34:21,000 --> 01:34:22,166
like companies

1891
01:34:22,166 --> 01:34:23,250
want to meet with

1892
01:34:23,250 --> 01:34:24,375
you just to explore,

1893
01:34:24,375 --> 01:34:25,333
see what's interesting.

1894
01:34:25,333 --> 01:34:26,416
And like, yeah,

1895
01:34:26,416 --> 01:34:28,250
they will give you an offer,

1896
01:34:28,250 --> 01:34:28,583
right.

1897
01:34:28,583 --> 01:34:28,916
Maybe

1898
01:34:28,916 --> 01:34:29,875
it's like an offer

1899
01:34:29,875 --> 01:34:31,250
for 25 grand

1900
01:34:31,250 --> 01:34:32,791
for the whole business.

1901
01:34:32,791 --> 01:34:33,541
Maybe it's like,

1902
01:34:33,541 --> 01:34:35,666
hey, come take a job with us.

1903
01:34:35,666 --> 01:34:36,791
What if you've turned

1904
01:34:38,000 --> 01:34:38,541
nothing

1905
01:34:38,541 --> 01:34:40,166
into something that is, like,

1906
01:34:40,166 --> 01:34:41,666
impressive in its own right?

1907
01:34:41,666 --> 01:34:43,916
And by then, like, by year,

1908
01:34:43,916 --> 01:34:45,083
maybe by a year or two,

1909
01:34:45,083 --> 01:34:45,208
like,

1910
01:34:45,208 --> 01:34:46,416
we've already had those

1911
01:34:46,416 --> 01:34:47,541
validation points

1912
01:34:47,541 --> 01:34:48,208
where, like, people like,

1913
01:34:48,208 --> 01:34:49,083
oh, that's interesting.

1914
01:34:49,083 --> 01:34:50,875
You just come do this for us,

1915
01:34:50,875 --> 01:34:51,416
you know,

1916
01:34:51,416 --> 01:34:52,708
we'll take care of a team,

1917
01:34:52,708 --> 01:34:53,541
blah, blah, blah.

1918
01:34:53,541 --> 01:34:55,791
And so I think like

1919
01:34:55,791 --> 01:34:56,875
we got that,

1920
01:34:56,875 --> 01:34:58,166
like since I've taken

1921
01:34:58,166 --> 01:34:59,541
every possible meeting

1922
01:34:59,541 --> 01:35:00,916
that ever comes across

1923
01:35:00,916 --> 01:35:02,250
or I meet with somebody

1924
01:35:02,250 --> 01:35:02,583
like, hey,

1925
01:35:02,583 --> 01:35:03,625
you should talk to so-and-so.

1926
01:35:03,625 --> 01:35:05,083
I talked to that person.

1927
01:35:05,083 --> 01:35:05,583
They're like me

1928
01:35:05,583 --> 01:35:06,250
with this person,

1929
01:35:06,250 --> 01:35:07,833
and you do all that.

1930
01:35:07,833 --> 01:35:08,625
Somebody along

1931
01:35:08,625 --> 01:35:09,166
the way is like,

1932
01:35:09,166 --> 01:35:10,041
hey, this is interesting.

1933
01:35:10,041 --> 01:35:10,666
Why don't you just come

1934
01:35:10,666 --> 01:35:12,166
do this for our company?

1935
01:35:12,166 --> 01:35:14,208
You just end up

1936
01:35:14,208 --> 01:35:15,708
like you get the validation.

1937
01:35:15,708 --> 01:35:16,250
I think,

1938
01:35:16,250 --> 01:35:17,375
even if the financials

1939
01:35:17,375 --> 01:35:18,541
don't reflect it yet.

1940
01:35:18,541 --> 01:35:19,625
so. Right.

1941
01:35:19,625 --> 01:35:20,583
So my viewpoint is

1942
01:35:20,583 --> 01:35:22,583
I maybe the extractable

1943
01:35:22,583 --> 01:35:24,375
principle is like,

1944
01:35:24,375 --> 01:35:25,250
people advise you

1945
01:35:25,250 --> 01:35:26,291
to stay focused

1946
01:35:26,291 --> 01:35:28,166
and to stay, like, on a path

1947
01:35:28,166 --> 01:35:28,958
that you really have

1948
01:35:28,958 --> 01:35:30,291
conviction in.

1949
01:35:30,291 --> 01:35:30,916
But I tend to

1950
01:35:30,916 --> 01:35:31,625
just think, like,

1951
01:35:31,625 --> 01:35:33,416
meet with everybody,

1952
01:35:33,416 --> 01:35:34,791
share what you're working

1953
01:35:34,791 --> 01:35:36,000
on, you know,

1954
01:35:36,000 --> 01:35:37,500
talk about what's exciting,

1955
01:35:37,500 --> 01:35:38,250
spend some time

1956
01:35:38,250 --> 01:35:39,083
and framing it in

1957
01:35:39,083 --> 01:35:40,083
a way that they care.

1958
01:35:40,083 --> 01:35:42,333
But generally if you do that,

1959
01:35:42,333 --> 01:35:43,041
like you will

1960
01:35:43,041 --> 01:35:44,250
develop confidence

1961
01:35:44,250 --> 01:35:45,458
or you'll pivot

1962
01:35:45,458 --> 01:35:46,958
really quickly into something

1963
01:35:46,958 --> 01:35:48,708
that is maybe

1964
01:35:48,708 --> 01:35:49,583
more interesting.

1965
01:35:49,583 --> 01:35:50,833
so yeah,

1966
01:35:50,833 --> 01:35:52,041
by the time

1967
01:35:52,041 --> 01:35:54,750
we were on year three, we,

1968
01:35:54,750 --> 01:35:55,750
I was like,

1969
01:35:55,750 --> 01:35:56,583
this something,

1970
01:35:56,583 --> 01:35:56,958
I don't know

1971
01:35:56,958 --> 01:35:58,416
how big it will be.

1972
01:35:58,416 --> 01:35:59,083
Yeah, like

1973
01:35:59,083 --> 01:36:01,208
but it's something for sure.

1974
01:36:01,208 --> 01:36:02,083
Yeah, yeah

1975
01:36:02,083 --> 01:36:03,291
I'm sure, I'm sure there's a,

1976
01:36:03,291 --> 01:36:04,458
there's also a moment of

1977
01:36:04,458 --> 01:36:05,750
just like exhale

1978
01:36:05,750 --> 01:36:07,166
where to your point.

1979
01:36:07,166 --> 01:36:09,833
Like payrolls just running

1980
01:36:09,833 --> 01:36:11,625
not getting paid

1981
01:36:11,625 --> 01:36:12,500
and you know what I mean.

1982
01:36:12,500 --> 01:36:13,666
And and that you get

1983
01:36:13,666 --> 01:36:14,916
to sort of take a breath

1984
01:36:14,916 --> 01:36:15,791
that you got to that point.

1985
01:36:15,791 --> 01:36:16,666
And I could see that

1986
01:36:16,666 --> 01:36:18,083
as just a big chapter change.

1987
01:36:18,083 --> 01:36:19,583
Also that probably yes,

1988
01:36:19,583 --> 01:36:20,833
propelled you to go, okay.

1989
01:36:20,833 --> 01:36:21,666
Now. Now what?

1990
01:36:21,666 --> 01:36:22,250
You know what I mean.

1991
01:36:22,250 --> 01:36:23,041
Like, let's take this

1992
01:36:23,041 --> 01:36:23,666
and run with it.

1993
01:36:23,666 --> 01:36:24,250
I'm not having to

1994
01:36:24,250 --> 01:36:24,708
sort of walk

1995
01:36:24,708 --> 01:36:26,041
uphill the whole time,

1996
01:36:26,041 --> 01:36:26,583
which is.

1997
01:36:26,583 --> 01:36:27,458
That's awesome. Yeah.

1998
01:36:27,458 --> 01:36:30,291
The and this depends on

1999
01:36:30,291 --> 01:36:31,041
this depends

2000
01:36:31,041 --> 01:36:33,250
on like every industry.

2001
01:36:33,250 --> 01:36:35,125
But what I have found is like

2002
01:36:36,166 --> 01:36:37,958
VCs in particular,

2003
01:36:37,958 --> 01:36:39,416
they really care about

2004
01:36:39,416 --> 01:36:40,291
like what is your

2005
01:36:40,291 --> 01:36:42,500
competitive differentiation,

2006
01:36:42,500 --> 01:36:43,458
what is unique

2007
01:36:43,458 --> 01:36:44,666
about your product.

2008
01:36:44,666 --> 01:36:46,041
And like you will spend

2009
01:36:46,041 --> 01:36:48,000
a lot of cycles

2010
01:36:48,000 --> 01:36:49,916
thinking about the market,

2011
01:36:49,916 --> 01:36:52,208
thinking about what to build,

2012
01:36:52,208 --> 01:36:53,500
spending cycles

2013
01:36:53,500 --> 01:36:55,083
on, how it's being built.

2014
01:36:55,083 --> 01:36:56,083
Exactly,

2015
01:36:56,083 --> 01:36:56,875
and at least

2016
01:36:56,875 --> 01:36:57,875
for our business.

2017
01:36:57,875 --> 01:36:59,000
And I probably came to this

2018
01:36:59,000 --> 01:37:00,333
like a couple years too late.

2019
01:37:00,333 --> 01:37:01,000
Like, you remember this

2020
01:37:01,000 --> 01:37:01,625
in the early days

2021
01:37:01,625 --> 01:37:02,541
and you forget as you're

2022
01:37:02,541 --> 01:37:04,208
scaling and like, reemerges.

2023
01:37:04,208 --> 01:37:05,375
But yeah,

2024
01:37:05,375 --> 01:37:07,000
what I found is like,

2025
01:37:07,000 --> 01:37:09,000
if you just meet with people

2026
01:37:09,000 --> 01:37:09,708
and they like

2027
01:37:09,708 --> 01:37:11,291
what you're up to,

2028
01:37:11,291 --> 01:37:12,375
they will find a way

2029
01:37:12,375 --> 01:37:13,791
to tell you how you need

2030
01:37:13,791 --> 01:37:14,750
to improve your product

2031
01:37:14,750 --> 01:37:16,375
to get their business

2032
01:37:16,375 --> 01:37:17,083
for asset.

2033
01:37:17,083 --> 01:37:18,375
And the differentiation

2034
01:37:18,375 --> 01:37:18,833
piece, like,

2035
01:37:18,833 --> 01:37:21,125
kind of takes care of itself.

2036
01:37:21,125 --> 01:37:22,916
If you're a customer focused,

2037
01:37:22,916 --> 01:37:24,541
like customer value focused.

2038
01:37:25,958 --> 01:37:27,708
so

2039
01:37:27,708 --> 01:37:28,750
yeah, I mean,

2040
01:37:28,750 --> 01:37:29,000
it's like,

2041
01:37:29,000 --> 01:37:29,500
what's the difference

2042
01:37:29,500 --> 01:37:31,708
between OpenAI

2043
01:37:31,708 --> 01:37:33,500
and any of the other labs?

2044
01:37:33,500 --> 01:37:34,375
There's no difference.

2045
01:37:34,375 --> 01:37:34,958
They just from

2046
01:37:34,958 --> 01:37:35,666
a lot of money,

2047
01:37:35,666 --> 01:37:36,708
they were first to market.

2048
01:37:36,708 --> 01:37:37,666
They have the relationships

2049
01:37:37,666 --> 01:37:38,208
to scale it.

2050
01:37:38,208 --> 01:37:39,583
Like that's it. Yeah.

2051
01:37:39,583 --> 01:37:40,125
You know,

2052
01:37:40,125 --> 01:37:40,916
no,

2053
01:37:40,916 --> 01:37:43,791
that's how I think about it.

2054
01:37:43,791 --> 01:37:44,916
So what's

2055
01:37:44,916 --> 01:37:45,250
so let's

2056
01:37:45,250 --> 01:37:45,791
go to the,

2057
01:37:45,791 --> 01:37:47,458
the let's go to the beyond

2058
01:37:47,458 --> 01:37:48,375
the 2 to 3 years.

2059
01:37:48,375 --> 01:37:50,666
Can you see

2060
01:37:50,666 --> 01:37:52,458
can you see yourself,

2061
01:37:52,458 --> 01:37:53,041
you know,

2062
01:37:53,041 --> 01:37:55,416
either, 10

2063
01:37:55,416 --> 01:37:55,916
or 20 years

2064
01:37:55,916 --> 01:37:56,916
in the future, like,

2065
01:37:56,916 --> 01:37:58,666
either beyond Gun or,

2066
01:37:58,666 --> 01:38:00,375
you know, or retirement.

2067
01:38:00,375 --> 01:38:01,041
Can you see yourself

2068
01:38:01,041 --> 01:38:02,208
retiring at any point,

2069
01:38:02,208 --> 01:38:03,416
or would you see yourself

2070
01:38:03,416 --> 01:38:04,708
just doing this again?

2071
01:38:04,708 --> 01:38:05,958
Or,

2072
01:38:05,958 --> 01:38:06,666
what does the future

2073
01:38:06,666 --> 01:38:07,500
look like?

2074
01:38:07,500 --> 01:38:08,583
sort of beyond

2075
01:38:08,583 --> 01:38:09,416
ten years from now?

2076
01:38:09,416 --> 01:38:09,708
Yeah.

2077
01:38:09,708 --> 01:38:10,791
I mean, I would say like,

2078
01:38:10,791 --> 01:38:12,166
I've been

2079
01:38:12,166 --> 01:38:13,875
I've been pretty lucky.

2080
01:38:13,875 --> 01:38:14,875
Like, our team is,

2081
01:38:14,875 --> 01:38:15,708
pretty lucky, like,

2082
01:38:15,708 --> 01:38:17,375
from a financial dimension.

2083
01:38:17,375 --> 01:38:18,833
Like, we've kind of.

2084
01:38:18,833 --> 01:38:21,041
We've rode the remote wave.

2085
01:38:21,041 --> 01:38:21,750
We operated

2086
01:38:21,750 --> 01:38:23,541
during the Covid boom

2087
01:38:23,541 --> 01:38:24,541
this last year.

2088
01:38:24,541 --> 01:38:25,041
And I would say

2089
01:38:25,041 --> 01:38:25,916
this year is a little bit

2090
01:38:25,916 --> 01:38:26,666
more challenging

2091
01:38:26,666 --> 01:38:28,000
and staffing.

2092
01:38:28,000 --> 01:38:28,500
But, you know,

2093
01:38:28,500 --> 01:38:29,625
you have to take a broad,

2094
01:38:29,625 --> 01:38:30,791
broad view on these things.

2095
01:38:30,791 --> 01:38:32,333
I think I mean, for me,

2096
01:38:33,375 --> 01:38:34,375
you know, I do this

2097
01:38:34,375 --> 01:38:35,250
not because of the

2098
01:38:35,250 --> 01:38:37,458
financial reasons.

2099
01:38:37,458 --> 01:38:38,708
I do this because it's fun.

2100
01:38:38,708 --> 01:38:40,041
But there will probably be

2101
01:38:40,041 --> 01:38:41,583
a point

2102
01:38:41,583 --> 01:38:43,166
in the next couple of years

2103
01:38:43,166 --> 01:38:44,500
where, like,

2104
01:38:44,500 --> 01:38:45,625
either

2105
01:38:45,625 --> 01:38:47,416
I am not well suited to

2106
01:38:47,416 --> 01:38:48,291
like work

2107
01:38:48,291 --> 01:38:48,916
12 hours

2108
01:38:48,916 --> 01:38:49,875
a day

2109
01:38:49,875 --> 01:38:51,208
or, you know,

2110
01:38:51,208 --> 01:38:52,708
like the company gets bigger

2111
01:38:52,708 --> 01:38:53,708
than, like what

2112
01:38:53,708 --> 01:38:55,375
I'm able to

2113
01:38:55,375 --> 01:38:57,291
add value to and like.

2114
01:38:57,291 --> 01:38:59,625
And then maybe it's time to,

2115
01:38:59,625 --> 01:39:00,416
you know,

2116
01:39:00,416 --> 01:39:01,833
bring in somebody

2117
01:39:01,833 --> 01:39:03,958
from another background or,

2118
01:39:03,958 --> 01:39:04,250
you know,

2119
01:39:04,250 --> 01:39:05,333
consider a transition

2120
01:39:05,333 --> 01:39:06,250
or something like that.

2121
01:39:06,250 --> 01:39:07,916
But like my

2122
01:39:07,916 --> 01:39:09,166
but I will tell you, like,

2123
01:39:09,166 --> 01:39:10,333
this is dude,

2124
01:39:10,333 --> 01:39:13,458
who runs SoftBank.

2125
01:39:14,000 --> 01:39:15,250
And like they've gone

2126
01:39:15,250 --> 01:39:16,083
in the process

2127
01:39:16,083 --> 01:39:16,791
for like making

2128
01:39:16,791 --> 01:39:17,875
some poor investments.

2129
01:39:17,875 --> 01:39:20,000
But I like the founder.

2130
01:39:20,000 --> 01:39:22,166
founders worldview

2131
01:39:22,166 --> 01:39:23,000
where he's like,

2132
01:39:23,000 --> 01:39:24,833
he wants to build like a 100

2133
01:39:24,833 --> 01:39:27,125
year business, right.

2134
01:39:27,125 --> 01:39:27,875
and that's the way

2135
01:39:27,875 --> 01:39:28,291
that I think

2136
01:39:28,291 --> 01:39:30,291
about our company as, like,

2137
01:39:30,291 --> 01:39:31,458
whether or not I'm

2138
01:39:31,458 --> 01:39:33,708
at the helm of that company.

2139
01:39:33,708 --> 01:39:35,958
no matter what shape

2140
01:39:35,958 --> 01:39:37,666
the company takes,

2141
01:39:37,666 --> 01:39:38,291
I feel like

2142
01:39:38,291 --> 01:39:39,666
I owe it to the market

2143
01:39:39,666 --> 01:39:41,666
based on what we do

2144
01:39:41,666 --> 01:39:43,125
to set up the company

2145
01:39:43,125 --> 01:39:45,708
to be an ongoing concern

2146
01:39:45,708 --> 01:39:47,708
for the next 90 years.

2147
01:39:47,708 --> 01:39:48,291
So that's

2148
01:39:48,291 --> 01:39:48,916
that's what I try

2149
01:39:48,916 --> 01:39:49,750
to spend my day

2150
01:39:49,750 --> 01:39:50,416
thinking about.

2151
01:39:50,416 --> 01:39:50,791
Generally,

2152
01:39:50,791 --> 01:39:51,250
when I make

2153
01:39:51,250 --> 01:39:52,958
strategic decisions,

2154
01:39:52,958 --> 01:39:54,166
I think about it like,

2155
01:39:55,166 --> 01:39:56,541
like this is

2156
01:39:56,541 --> 01:39:57,916
a 2 to 3 year

2157
01:39:57,916 --> 01:39:59,541
arc that we're pivoting

2158
01:39:59,541 --> 01:40:01,375
to, to realize an opportunity

2159
01:40:01,375 --> 01:40:02,666
that I see based on

2160
01:40:02,666 --> 01:40:04,375
market conditions.

2161
01:40:04,375 --> 01:40:05,666
Now we're going to execute on

2162
01:40:05,666 --> 01:40:08,083
for like a three year period,

2163
01:40:08,083 --> 01:40:11,083
but directionally sets us up

2164
01:40:11,291 --> 01:40:11,916
to continue

2165
01:40:11,916 --> 01:40:12,625
to operate

2166
01:40:12,625 --> 01:40:15,000
against a 100 year vision.

2167
01:40:15,000 --> 01:40:16,041
so that that's just how

2168
01:40:16,041 --> 01:40:16,750
I think about it.

2169
01:40:16,750 --> 01:40:17,791
Like,

2170
01:40:17,791 --> 01:40:19,916
I yeah, I just

2171
01:40:19,916 --> 01:40:20,875
I want the company around

2172
01:40:20,875 --> 01:40:21,625
for a long time

2173
01:40:21,625 --> 01:40:22,791
whether or not I'm involved,

2174
01:40:22,791 --> 01:40:23,208
whether or not

2175
01:40:23,208 --> 01:40:24,166
my family is involved,

2176
01:40:24,166 --> 01:40:25,833
whether or not my coworkers

2177
01:40:25,833 --> 01:40:26,708
today are involved.

2178
01:40:26,708 --> 01:40:26,875
Like,

2179
01:40:26,875 --> 01:40:28,583
I want the company to

2180
01:40:28,583 --> 01:40:29,583
continue on,

2181
01:40:29,583 --> 01:40:30,333
at least

2182
01:40:30,333 --> 01:40:31,333
for the next ninety years.

2183
01:40:31,333 --> 01:40:33,291
So nice. Yeah.

2184
01:40:33,291 --> 01:40:34,041
Amazing.

2185
01:40:34,041 --> 01:40:35,666
Well, that's a that's a

2186
01:40:35,666 --> 01:40:36,791
that's a good vision to have.

2187
01:40:36,791 --> 01:40:38,916
And, you know,

2188
01:40:38,916 --> 01:40:39,416
that's a good,

2189
01:40:39,416 --> 01:40:40,833
that's a good,

2190
01:40:41,958 --> 01:40:43,083
thought to

2191
01:40:43,083 --> 01:40:44,000
leave people with is,

2192
01:40:44,000 --> 01:40:45,625
is that 90 or 100 year vision

2193
01:40:45,625 --> 01:40:45,875
when you,

2194
01:40:45,875 --> 01:40:47,000
when you start into it.

2195
01:40:47,000 --> 01:40:48,208
And I love

2196
01:40:48,208 --> 01:40:49,375
I love that ten years ago

2197
01:40:49,375 --> 01:40:50,541
you were like, okay, I'm

2198
01:40:50,541 --> 01:40:50,833
all in

2199
01:40:50,833 --> 01:40:51,125
and I'm going

2200
01:40:51,125 --> 01:40:51,875
to start doing this.

2201
01:40:51,875 --> 01:40:53,416
And you know,

2202
01:40:53,416 --> 01:40:53,833
you've gotten to

2203
01:40:53,833 --> 01:40:54,916
where you're at now.

2204
01:40:54,916 --> 01:40:56,041
And I love the company.

2205
01:40:56,041 --> 01:40:57,583
and,

2206
01:40:57,583 --> 01:40:58,375
and I love that

2207
01:40:58,375 --> 01:40:59,666
that you're setting up for,

2208
01:40:59,666 --> 01:41:00,791
for the long term success.

2209
01:41:00,791 --> 01:41:03,250
So, amazing.

2210
01:41:03,250 --> 01:41:03,541
And you're

2211
01:41:03,541 --> 01:41:04,458
coming into New York.

2212
01:41:04,458 --> 01:41:06,416
Yeah. tonight.

2213
01:41:06,416 --> 01:41:07,458
So, yeah,

2214
01:41:07,458 --> 01:41:09,083
I leave that

2215
01:41:09,083 --> 01:41:10,916
640 Nashville time,

2216
01:41:10,916 --> 01:41:11,958
so I'll ping you

2217
01:41:11,958 --> 01:41:12,500
when I'm there.

2218
01:41:12,500 --> 01:41:13,458
I may

2219
01:41:13,458 --> 01:41:14,208
I may

2220
01:41:14,208 --> 01:41:15,625
go directly to the hotel,

2221
01:41:15,625 --> 01:41:16,750
but I'll see where you're at

2222
01:41:16,750 --> 01:41:17,000
and see

2223
01:41:17,000 --> 01:41:17,875
if we're going to break

2224
01:41:17,875 --> 01:41:18,666
or something.

2225
01:41:18,666 --> 01:41:20,958
Totally. So amazing.

2226
01:41:20,958 --> 01:41:21,916
Yeah. Cool.

2227
01:41:21,916 --> 01:41:22,166
Well,

2228
01:41:22,166 --> 01:41:23,916
thanks for for coming on the

2229
01:41:23,916 --> 01:41:24,583
the podcast.

2230
01:41:24,583 --> 01:41:25,458
That was your idea.

2231
01:41:27,083 --> 01:41:28,000
You know,

2232
01:41:28,000 --> 01:41:29,291
you totally you were like

2233
01:41:29,291 --> 01:41:29,875
you were like,

2234
01:41:29,875 --> 01:41:30,708
you should have one.

2235
01:41:30,708 --> 01:41:31,166
You should have it.

2236
01:41:31,166 --> 01:41:32,125
You should have podcast

2237
01:41:32,125 --> 01:41:33,625
like, okay, as here we go.

2238
01:41:33,625 --> 01:41:36,125
Well now now you're on it.

2239
01:41:36,125 --> 01:41:37,041
that you're doing it,

2240
01:41:37,041 --> 01:41:37,291
you know,

2241
01:41:37,291 --> 01:41:38,000
I think the world

2242
01:41:38,000 --> 01:41:39,208
needs to hear your voice.

2243
01:41:39,208 --> 01:41:40,041
And I think you

2244
01:41:40,041 --> 01:41:42,041
bring a unique perspective,

2245
01:41:42,041 --> 01:41:43,875
to just the world.

2246
01:41:43,875 --> 01:41:44,416
So I'm

2247
01:41:44,416 --> 01:41:45,333
glad that you're doing it.

2248
01:41:45,333 --> 01:41:46,416
But it's not.

2249
01:41:46,416 --> 01:41:47,375
It's not my doing.

2250
01:41:47,375 --> 01:41:48,583
It's your doing. So. Yeah.

2251
01:41:48,583 --> 01:41:50,583
I'm happy that I'm here.

2252
01:41:50,583 --> 01:41:52,000
And,

2253
01:41:52,000 --> 01:41:53,416
to the extent that I could

2254
01:41:53,416 --> 01:41:53,875
maybe say

2255
01:41:53,875 --> 01:41:54,750
something interesting,

2256
01:41:54,750 --> 01:41:56,875
like I'm honored to have. So.

2257
01:41:56,875 --> 01:41:58,958
Yeah. Amazing. Cool.

2258
01:41:58,958 --> 01:42:00,708
Well, thank you man.

2259
01:42:00,708 --> 01:42:01,208
All right.

2260
01:42:01,208 --> 01:42:01,791
We'll talk soon.

2261
01:42:01,791 --> 01:42:02,958
Yeah, maybe. See you soon.

2262
01:42:02,958 --> 01:42:03,500
Who knows?

2263
01:42:03,500 --> 01:42:04,583
Up. Totally.

2264
01:42:04,583 --> 01:42:05,958
Yeah, that'd be great. Yeah.

2265
01:42:05,958 --> 01:42:07,000
See you.