EP 112: He Quit Google Now Serial Entrepreneur

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 16 November 2015

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

3 Key Points:

Understand your customer pain points and alleviate them—it’s the quickest way to success.
Know your growth story and paint the vision.
Don’t waste a moment in a day—once time ticks past, it’s gone forever.

Time Stamped Show Notes:

01:01 – Nathan’s introduction to today’s show
01:55 – Ethan loves product because it’s all about understanding what the customer needs to make their life easier
02:28 – What it’s like working at Google and why Ethan left
03:55 – The Google video team was floored when YouTube was bought
04:55 – The story behind Red Beacon
- 07:00 – Red Beacon made money by taking a percentage of service provide bids
- 08:15 – The problem with Red Beacon was an absence of usage frequency
- 10:15 – Companies don’t get sold, they get bought

11:30 – The original concept of MyTime was to become the Amazon of local services
12:45 – MyTime Marketplace gets 1M visitors per month
13:50 – 2/3 business still use pen and paper
15:20 – Time is precious—once it’s gone, it’s gone
16:10 – MyTime is a multimillion dollar business with the potential to become a billion dollar business
17:00 – MyTime rolls with a churn rate that’s less than 10% per month
18:24 – Be able to tell the growth story and paint the vision to investors
19:30 – www.MyTime.com @Ethan_Anderson
20:24 – Famous Five

Transcript

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0:00.0	This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.
0:09.4	You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.
0:16.1	I'm now at $20,000 per talk.
0:18.3	Five and six million.
0:19.3	He is hell bent on global domination. We just broke our $100,000 unit sold mark Five and six million. He is hell bent on global domination.
0:21.2	We just broke our 100,000 unit sole mark.
0:23.9	And I'm your host, Nathan Latka.
0:27.7	Okay, Top Tribe, every Monday I give one of you $100 to invest in your idea and get to the top.
0:34.0	To enter, for your chance to $100 hundred bucks, simply subscribe to the podcast on iTunes
0:38.6	right now and then text the word Nathan to 33444 to prove that you did it. This week's
0:45.3	winner was Matt Walt in Chicago at the DDB agency. Coming up tomorrow morning, we're going to hear
0:51.9	from Bill Hanks, who went from zero to 6% market share in three months with the former Microsoft being director.
1:01.0	Okay, Top Tribe, good morning.
1:02.7	You know, you've started off your morning with a warm cup of coffee, or maybe you're jogging, you just put your headphones in and buckle up.
1:08.8	You're going to love our guest today.
1:10.0	His name is Ethan Anderson, and he's the founder and CEO of My Time, a startup that allows consumers to find
1:16.5	and book appointments from over 2.5 million nearby businesses. He was also the co-founder and CEO of
1:21.8	Red Beacon, which allowed consumers to request bids for home services. Red Beacon was venture-backed and acquired by Home Depot
1:29.6	back in, I believe, 2010. Now, prior to Red Beacon, Ethan worked at Google as product manager for
1:36.2	image, search, and Google video. It's going to be a good one. Ethan, are you ready to take us to the top?
1:41.5	I sure am, Nathan. It's great to be here. Thank you for having me.
1:44.5	Thank you for having me. So first off, I want to talk about first. You graduated from Harvard.
	...

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