88: How 5x Founder David Cancel Builds & Sells Companies at Record Speeds - Founder of Drift

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 20 April 2016

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As the son of hardworking immigrants, David Cancel saw his parents working seven days a week to support their family. As an adult, he realized that not all people worked the way his parents did, which sparked in him a desire to make a living without getting a “job.” Cancel always knew that he wanted to be an entrepreneur, even if he wasn’t quite sure what that meant. As a kid, he found that flipping through the pages of Inc. Magazine and other early entrepreneurial publications didn’t offer much insight. He saw ads for get-rich-quick schemes and stories of businessmen who had reached amazing heights. Although he wasn’t quite sure what it meant to be an entrepreneur, he knew he wanted in. The term “serial entrepreneur” gets thrown around a lot, but few have lived a life that defines it as well as David Cancel. Building and selling companies has become a way of life; his obsessions around ideas or problems quickly snowball into companies. He has started and exited five companies in the past 16 years and is currently an advisor, investor, and/or consultant to several more, including BigCommerce, HelpScout, Rapportive, and Yieldbot. In this interview you will learn: What it takes to create a successful product How to listen to your customer and what you can learn from it What kind of feedback you should listen to and what you should ignore The secret to iterating effectively and how you can start improving your own products Where to find the right audience and what it means to serve them & much more!

Transcript

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0:00.0	This is episode number 88 with David Cantal of the Founder Podcast.
0:06.1	Discover exactly what it takes to become a successful entrepreneur and what's possible
0:11.2	through entrepreneurship from the greatest minds in business today.
0:15.0	Welcome to the Founder Podcast.
0:17.2	Here's your host, Nathan Chan.
0:25.0	Thank you. Here's your host, Nathan Chan. Hello and welcome to another episode of the founder podcast.
0:29.2	My name is Nathan Chan, and I'm coming to you from Melbourne, Australia.
0:34.3	So thank you so much for taking the time to share your earbuds with me.
0:39.5	What's been happening in my world? We're working on this awesome product that we've had in
0:45.8	beta for the past, oh, close to five months now called Founders Club. And essentially it's
0:53.0	a way that we're going to be able to connect our community
0:57.2	together because we've got all these amazing people in the founder community that read the
1:01.9	magazine you know listen to our podcast you know follow us on social read our blog part of our
1:07.8	newsletter and we want to connect those people. We want to,
1:11.3	we want a way for our community to get together and just make a ruckus. And it's so important
1:17.1	to be surrounded by like-minded entrepreneurs. And it's even more important to learn from
1:22.5	other entrepreneurs. And that's why, you know, we're bringing in monthly mentors. We're doing
1:26.2	all sorts of crazy things with this product. So I'm really, really excited about that. That you know we're bringing in monthly mentors we're doing all sorts of crazy things with
1:27.9	this product so i'm really really excited about that that's what we're really focused on at the
1:32.9	moment and uh the team is growing really fast which is cool uh we'll be close to uh seven people now
1:40.7	part of the team awful time which is is super exciting that things are growing really
1:47.1	fast and, you know, this wouldn't be possible if it wasn't for you. And, you know, I'm talking to you
	...

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