meta_pixel
Tapesearch Logo
Log in
The Foundr Podcast with Nathan Chan

236: Bootstrapping a $300M Cinema Company, With Grant Petty of Blackmagic Design

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 5 February 2019

⏱️ 55 minutes

🧾️ Download transcript

Summary

“I don’t think CEOs should be able to be CEOs if they can’t code,” says Grant Petty, founder and CEO of Blackmagic Design. That’s a bold statement, but Petty is a bold guy. Working as an engineer in the television industry, he realized the technology was overpriced. So he started a company that cut costs and put power into the hands of creators. “Really what I was doing was a protest against the way the TV industry was,” he says. And soon, Petty began to challenge the status quo of business in general. He runs his company a little differently: There are no spreadsheets, very little planning, and to him, metrics hardly matter. “In the Western world, business culture becomes so rigid and so inflexible,” he says. “If you’re a creative person, you can get destroyed by that because they don’t allow you to exist.” Today, Blackmagic Design boasts nearly $300 million in annual revenue and is still 100% bootstrapped. Its technology is used by 80% of modern day feature films. We sat down with Petty to discuss what he’s learned about how to run a meaningful business in the face of opposition. Key Takeaways How his frustrations with the TV industry inspired him to start Blackmagic The story behind Blackmagic’s first product and how he got it off the ground The challenges with getting funding and the struggles he faced when he decided to self-fund The “wave of hatred” that can come when you try to disrupt an industry How long it took to become an industry leader How to know when it’s the right time to add a new product to your line Balancing his creative side with the operational duties of being CEO One common thing that’s destroying creativity in businesses Blackmagic’s culture and how it fosters creativity What’s next for the company

Transcript

Click on a timestamp to play from that location

0:00.0

This is episode number 236 with Grant Petty of the Founder Podcast.

0:07.3

What you need is thirst.

0:09.1

You need to be a thirsty human.

0:10.9

Who is intent on learning.

0:13.1

It's a really fascinating exploration of human potential.

0:19.0

The Founder Podcast.

0:22.0

Even the greatest entrepreneurs had help.

0:24.9

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.6

Branson, Mark Cuban, Tony Robbins, Jim Ferris, Arianna Huffington, Seth, Steve Case, Gary V, Sophia Amorosa,

0:35.8

Barbara Corcoran, Damon John.

0:37.6

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:42.2

This is not your average entrepreneur podcast.

0:46.0

The Founder Podcast.

0:52.7

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.9

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.5

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.7

you name it. We put out so much content to help you.

1:13.9

And another interesting project that we're working on right now is partnering with world-class

1:18.7

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.7

skills like negotiation, finance, e-commerce, and so much more.

1:30.9

So if you'd like to get access to these free trainings with founders like this, which is 100%

1:37.2

free, just go to founder.com forward slash free.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Nathan Chan, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nathan Chan and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.