A $20m Business with No Meetings, Deadlines or Full-Time Employees

Founder's Journal

Morning Brew

Careers, Business, Entrepreneurship

4.8 • 1.1K Ratings

🗓️ 1 January 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Episode 88: Today, I’m highlighting a nearly $20m per year business that is run in a pretty unconventional way. This business has no meetings, no deadlines, and no full-time employees. The business is Gumroad, an e-commerce platform for creators, and to break it down I chat with Sahil Lavingia the company’s founder & CEO. While the way Sahil runs Gumroad may be too unorthodox for how you run your company, I have no doubt that this episode is going to push you to think more critically & creatively about what it looks like to build a business in 2024. Gumroad’s Website: https://gumroad.com/ Gumroad’s Public Updates: https://www.youtube.com/watch?v=OY2PgZMR2cI&list=PL_DfN-mKCGNuswqERc6sIA8urYAKARc6s Sahil’s Twitter: https://twitter.com/shl Send us an email and let us know what you think of the idea! [email protected] #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	What's up everyone? Welcome back to another episode of Founders Journal. I'm Alex Lieberman,
0:05.0	co-founder and executive chairman of Morning Brew. Before we start, I just want to thank
0:09.9	you all for being such amazing listeners to this podcast. In 2023, hundreds of
0:15.5	thousands of you tuned into the show, thousands of you wrote into my email, and I
0:20.4	had the opportunity to do what I love which is help entrepreneurs increase their odds of success.
0:27.0	I want 2024 to be absolutely massive and to do that I need to hear from you.
0:32.0	How do you want to see this show evolve?
0:34.2	What would make you listen to every single episode that drops in the new year?
0:38.8	Do you want more or less guests? Do you want more tactical episodes or less tactical episodes?
0:44.4	Do you have any crazy ideas for content that I should try out that I haven't yet done?
0:48.3	Shoot me an email to Alex at morningbrew.com and let me know what you want to see for me and Founders Journal in the new year.
0:55.6	Now for today's episode I am highlighting a nearly 20 million dollar a year business that is run in a pretty unconventional way. This business has no
1:05.2	meetings, no deadlines, and no full-time employees. The business is Gum Road
1:10.3	an e-commerce platform for creators and to break it down I chat with
1:13.9	Sahil Lavingia, the company's founder and CEO. While the way Sahil runs
1:18.5	Scum Road may be too unorthodox for how you run your company, I have no doubt that this episode is going to push you to think more critically and
1:26.9	creatively about what it looks like to build a business in 2024. With that, let's hop into the episode. Entrepreneers know that after end of year starts yet another crucial season, beginning of year.
1:49.4	Don't waste time by manually sending out invoices and following up on overdue payments
1:55.0	and definitely don't throw away your hard-earned profit on transaction fees.
2:00.0	Avoid expensive payment processors and start off 2024 strong with a little help from Finley.
2:06.5	Finley is a digital back office platform that helps businesses manage all of the time-consuming operations that come with well running a business
2:15.7	no need to hire a team of employees to send out invoices in quotes follow-up on
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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