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SaaS Interviews with CEOs, Startups, Founders

1358 He's Put in $450k Before Turning on Paywall, Smart or Not?

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 13 April 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

In 2010, Drew Sheahan started a GPS Fleet Tracking Business from his up-stairs bedroom that would eventually rank #126 on the 2014 INC500 List. He sold that company in 2016 to pursue solving the #1 issue he encountered while scaling a business that generates website leads. That business became BirdSeed.io

Transcript

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0:00.0

If you guys love the podcast, you want to get the audible version of my new book,

0:05.6

How to Be a Capitalist Without Any Capital at Capitalistbook.com.

0:10.4

A user named just Jay on Amazon said this in a review, a four-hour workweek for 2019.

0:16.9

He goes on to say, I bought this book because I read somewhere that it was like a four-hour work

0:20.5

week of 2019 and it absolutely delivered.

0:23.1

The book delivered on both big ideas and has specific actionable templates, including unredacted and minimally redacted emails.

0:30.2

This book is not chalk full of self-promotion or useless platitudes, but has broken down into four key rules explained in solid detail and with specific and often amusing

0:38.3

anecdotes. Reading this really got my wheels and my head turning of how to be resourceful,

0:42.7

which many say is the ultimate trait of a successful entrepreneur. My favorite of the four

0:47.1

rules is blank. You have to go read the review to find out. But guys, thanks for supporting me

0:51.4

on the podcast. I hope you go grab the book on Audible today at Capitalistbook.com.

0:57.0

Tema7, birdseed.io, started building it in 2017.

1:00.9

He's put $450,000 of his own money in, got that money from his past sale of his past company.

1:04.9

Today, burning 10 grand per month, pre-revenue, competing with Drift Intercom,

1:08.7

and other conversational marketing platforms, hoping to

1:11.3

scale his first, you know, called 160 sign-ups, 700 to date, have really come from things like

1:16.5

the hustle newsletter, sent out to 650,000 people, 2,500 clicks to the website, 7% converting

1:20.6

to a free user.

1:22.1

Now the challenges can he monetized.

1:25.4

This is the top entrepreneurs podcast where founders share how they started their companies

1:31.3

and got filthy rich or crash and burn.

1:36.6

Each episode features revenue numbers, customer counts, and other insider information

...

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