188: Big A$$ Fans: How Carey Smith Sold it for $500MM & How he‘s Helping Startups Today... ⭐

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.7 • 2K Ratings

🗓️ 1 January 2021

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carey Smith founded Big Ass Fans in 1999 and served as its Chief Big Ass until the company's sale in 2017. Under his guidance, Big Ass Fans grew an average of 30% a year, with offices across the globe. It made the Inc. 5000 list of fastest-growing private companies 11 consecutive years — a feat achieved by only 34 others — and expanded from industrial products to include a line of chic, silent commercial fans. In less than two decades, he took the company from 0 to $250 million in revenue, without the help of investors. Join our 🔥 Facebook Group to meet other listeners of the podcast: facebook.com/groups/mipvips. This Episode is Sponsored By: Fiverr connects businesses with freelancers who offer hundreds of digital services. Receive 10% off your first order by using code MILLIONAIRE. Just visit: millionaire-interviews.com/fiverr LinkedIn Jobs makes it easy to get a match with quality candidates, who make the most sense for your role. LinkedIn Jobs uses knowledge of both hard skills and soft skills to match you with the people who fit your role the best. Get $50 your first job post at: millionaire-interviews.com/linkedin-jobs Ashanti from Milwaukee loves the fact that Austin doesn’t just let his guests ease around. She particularly enjoyed the patreon episode where the guest was not making sense of what she’s saying and the interview became awkward. If you want to listen to that awkward interview episode, sign up now at: millionaire-interviews.com/patreon Raine from San Diego feels that he owes Austin a lot because he has gotten a lot of value by being a member of the Patreon group. Come be a part of our nice little community by joining us at: millionaire-interviews.com/patreon Want to Support the Show? Well we'd love for you to join our Patreon Group! What's in it for you? Well you'll instantly get a scheduled call from Austin, where he'll help you with your current or future business... Sign-Up Now at millionaire-interviews.com/patreon. 😀😎😍 *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Carey Smith Interview. *** Support this Podcast via Patreon Feedback? Questions? Comments? We would love to hear from you! Hollar at us via: Facebook Group (@MiPViPs), or Twitter (@acpeek or @millionairepod), Instagram (@millionaire_interviews), LinkedIn (@austincpeek), Facebook (@millionaireinterviews), or Email: [email protected]. 😎😍😀

Transcript

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0:00.0	So we painted him on the side or her.
0:04.7	We had to change it to her because donkeys are incredibly well endowed and you just can't
0:09.3	take good pictures of him without doing some work.
0:12.2	That's what my wife says about me too.
0:14.2	Yeah, and I've heard that.
0:16.3	So not being the sharpest knives in the droid took us a little bit of time to ship the
0:23.8	name.
0:24.8	It took me 19 years to get from zero to 500 million.
0:29.8	I think that having done that, the secret is in order to be in business, we had to make
0:38.0	money, but we weren't in business to make money.
0:40.1	I mean, there was more to it than that.
0:42.3	The intellectual rigor that it requires to start a business and run a business and grow
0:48.7	a business.
0:49.7	It's quite involving and it's a cool venture.
0:52.5	It's the coolest thing in the world as far as I know.
0:57.1	My name is James Carey Smith.
0:59.1	I'm 67 years old and I'm in Austin, Texas.
1:03.6	And what's your business?
1:04.7	The business that we have here is a VC business, venture capital business.
1:10.0	But you weren't always a venture capital business, right?
1:12.5	Oh, that's correct.
1:14.0	I had a fan company.
	...

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