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The Foundr Podcast with Nathan Chan

85: Creating a $100m+ Marketplace that Dominates Your Industry with Martin Hosking of Redbubble

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 29 March 2016

⏱️ 42 minutes

🧾️ Download transcript

Summary

“Lean Startup” has become a popular concept in the world of entrepreneurship. All founders and founders-to-be have phrases like “pivot” and “fail fast” on the tips of their tongues. But for Martin Hosking, lean isn’t just a fashionable trend. He’s lived it. And after applying and experiencing lean methods over decades of launching and running tech startups, the methodology has gained a more sophisticated meaning in Hosking’s mind. It is not just a clever strategy for testing markets, but rather staying nimble to truly fulfill the needs of the customer, something that drives him today. “What I really like about lean is it puts the customer at the center,” Hosking says, adding a caveat. “You need to have lean, but you need to have a good strategic orientation. The customer doesn’t always know what they want." Hosking’s nuanced understanding of lean startup methodology highlights the deep expertise he’s developed over the course his career. And it’s paid off. After experiencing more than his share of 1990s dot-com boom and bust, Hosking is now CEO of Redbubble, an Etsy-like online marketplace for artists that’s become highly successful. But as any successful entrepreneur will tell you, it’s not just smarts and experience that get you there. Passion is the vital ingredient that needs to be present to keep a company going during the hard times and bring it out of the shadows to phenomenal success. It’s a kind of passion that can’t be reeled in or held back. It comes out immediately when you meet a true entrepreneur. Martin Hosking is a prime example; the passion and dedication he has for his work spills out from his fast and excited manner of speaking. In this interview you will learn: What it really means to go lean and how to get there The secrets to developing a passionate group of users How to be prepared when the unexpected arises The processes that Martin goes through in order to make sure that his business is always running in top shape What goes into building a successful online business & much more!

Transcript

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0:00.0

This is episode number 85 with Martin Hosking of the Founder Podcast.

0:07.3

What you need is thirst.

0:09.1

You need to be a thirsty human.

0:11.0

Who is intent on learning.

0:13.2

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

0:29.4

place.

0:30.6

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Huffington, SETCO, Steve Case,

0:34.5

Gary V. Sophia Amorosa, Barbara Corcoran, Damon John.

0:37.7

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.

0:53.0

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

0:59.1

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

1:04.7

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

1:13.6

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

1:18.8

And another interesting project that we're working on right now is partnering with world-class founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.9

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

1:31.1

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

1:37.4

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

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