436: I Exited My Company for $250M, Here’s The Mistakes I Won’t Repeat Again with Ankur Nagpal

the bossbabe podcast

Natalie Ellis

Education, Entrepreneurship, Marketing, Business, Self-improvement

4.9 • 2.3K Ratings

🗓️ 21 November 2024

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ever wondered what it’s really like to build a business in your twenties, ride the rollercoaster of entrepreneurship, and come out the other side? In this episode, Natalie sits down with Teachable founder Ankur Nagpal to spill all the tea on the evolution of online education and the booming creator economy. Together, they take a trip down memory lane, sharing the highs and lows of startup life (spoiler: it’s not always pretty). Ankur also dives into the juicy details of navigating market saturation, using AI to shake up course creation, what happens to your identity after a big business exit, and how he really spends his money after the $250M buy out. If you’re obsessed with entrepreneurship, creating impact, or staying ahead of the trends in online learning, this episode is packed with value— plus, you’ll learn what his second venture is, why he couldn’t just “live the travel life” + what he’s doing differently in business this time around. TIMESTAMPS 00:00 The Journey Begins: From Teachable to New Ventures 03:13 The Evolution of Online Courses and the Creator Economy 05:51 Navigating Identity and Growth in Entrepreneurship 08:53 The Decision to Sell: Reflections on Success and Freedom 11:49 Financial Freedom: The Shift After Selling Teachable 14:53 Building Again: Lessons from the First Venture 17:58 Hiring and Team Dynamics: The Balancing Act 21:00 The Challenges of Industry and Team Management 24:03 Personal Finance for Business Owners: Key Insights 27:09 The Importance of Mindset in Business Ownership 30:12 Maximizing Financial Benefits: Tax Strategies for Entrepreneurs 32:53 The Psychology of Spending: Balancing Wealth and Humility 35:54 The Impact of Upbringing on Mindset 39:08 Understanding Financial Management for Business Owners 43:47 The Importance of Recurring Revenue 46:53 Navigating the Challenges of Building a Fintech Company 49:57 Marketing Strategies and Audience Engagement 52:17 Getting Started with Financial Tools 54:37 Balancing Personal Life and Work 01:06:04 Redefining Success Beyond Money RESOURCES + LINKS Use this link to grab your special offer from Ankur on carry.com Black Friday at Bossbabe is coming! Join the Waitlist Here to be the First to Know What Our Secret Offer is. Learn Natalie’s Proven Method for Building a Profitable, Predictable, Freedom-Based Business and Get Back to WHY you Became an Entrepreneur in this FREE 90-Minute Training. Join The Société: Our Exclusive Membership Where You Can Access All of Natalie’s Keynotes & Unlock The Best Systems + Tools To Help You Build A Freedom-Based Business. Get Our Weekly Newsletter & Get Insights From Natalie Every Single Week On All Things Strategy, Motherhood, Business Growth + More. Drop Us A Review On The Podcast + Send Us A Screenshot & We’ll Send You Natalie’s 7-Figure Operating System Completely FREE (value $1,997) FOLLOW bossbabe: @bossbabe.inc Natalie Ellis: @iamnatalie Ankur Nagpal: @ankurna

Transcript

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0:00.0	Welcome back to the Boss Babe podcast. So today we have Anka Nagpal on the podcast. And this was a really
0:09.1	interesting conversation. So I'm going to give you a little bit of context on who he is and then talk
0:14.8	about some of the things you need to listen out for in this episode. So Anker previously founded Teachable,
0:23.0	which is a platform that enables creators to monetize their expertise. It was actually where I had my first ever course. And I remember
0:29.8	getting invited to meet him when I lived in New York at the time. This was maybe nine, 10 years ago
0:35.5	because I was a creator on the platform. So he scaled
0:38.8	teachable to 60 million in annual recurring revenue, one billion in creator earnings, and he
0:46.5	exited for a quarter of a billion dollars at 31 and he owned approximately half of the
0:53.8	company. Now he's the founder of carry,
0:56.9	carry.com, which is a platform to help business owners grow their net worth by saving money
1:01.6	on taxes. I want to be super transparent. I'm actually an investor in Carrie and I really believe
1:08.0	in what they're doing as a company. I've been an investor for over a year now, I think it is.
1:13.0	And I really, really love what they're doing.
1:15.4	This episode was so interesting in so many ways because Anka's not the kind of person
1:20.9	that exited for quarter of a billion dollars and then went and lived this flashy lifestyle. In fact, he'll share,
1:29.2	he does not do the private jet thing. He is so low key and he's already back into building
1:36.7	his next startup at the age of 35. And the way that he thinks about money, the way he thinks about
1:42.6	growing businesses, freedom, all of it was
1:46.0	really inspiring. And I got to dive into a lot of the lessons that he is not going to repeat
1:52.0	the second time round. And I think being able to get that hindsight from other business owners
1:56.8	is so invaluable. I know your apps that you're going to love this one. So let's jump in.
2:11.5	Welcome to the podcast. Thanks for having me. excited to be here. So we met how long ago?
	...

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