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My First Million

Asking The Founder Of Grammarly How He Built A $13 Billion Company

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.7 • 2.9K Ratings

šŸ—“ļø 16 February 2022

ā±ļø 32 minutes

šŸ§¾ļø Download transcript

Summary

Sam Parr (@theSamParr) sits down with Max Lytvyn (@Max_lytvyn), co-founder and head of revenue at Grammarly, to talk about the founding story of the company, how he grew it from 0 to $13B in revenue, why he decided to hire an outside CEO, and much more. ----- Show Notes: (00:00) - Max's background (05:15) - Why people underestimate Grammarly (12:00) - Grammarly's breakthrough moment (24:40) - Business ideas that go with Grammarly ----- Links: * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. * Grammarly.com ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0

All right, QuickBag to tell you about another podcast that we're interested in right now.

0:04.4

Hosepot just launched a Shark Tank rewatch podcast called Another Bite.

0:08.9

Every week, the host relived the latest and greatest pitches from Shark Tank, from Squatty

0:13.1

Potty, to the Mention a Bench, to Ring Doorbell, and they break down why these pitches were

0:18.6

winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.

0:24.2

Basically, all the things you want to know about how to survive the tank and scale your

0:28.4

company on your own.

0:29.6

If you want to give it a listen, you can find another bite on whatever podcast that you

0:32.9

listen to, like Apple or Spotify, or whatever you're using right now.

0:36.2

All right, back to the show.

0:37.2

I feel like I could rule the world, I know I could be what I want to.

0:45.5

I put my all in it like a day's all.

0:48.5

I'm on a road, let's travel, never looking back.

0:51.3

So basically, we have our Facebook friends down, so we talk a little bit there, but I first

0:56.6

met you at HustleCon, I think this event that I hosted in 2019.

1:02.8

And you're one of the best people we've ever had.

1:05.8

We've had hundreds of people, and I'll tell you why, two things.

1:09.8

The first, I think you spoke right when, so this is Max, he started Grammarly, we'll

1:15.5

do an intro in a second, but I think you spoke when you guys had just raised maybe $100

1:21.4

million at a billion dollar valuation, or something like that, is that right?

1:25.4

Yeah, that was 120, and we didn't disclose valuation at the time.

1:33.1

But if I had to get, yeah, you didn't, but I think I'd heard rumors and like I just am

...

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