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Earn Your Leisure

EYL #24 Part 2: All Money In

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 5 July 2019

⏱️ 57 minutes

🧾️ Download transcript

Summary

In episode 24, Part 2 we had a conversation about launching an App. We spoke with Cole Midkiff who is the co-founder of Quiktract. Quiktract is one of the hottest apps in the legal space and has the potential to see a nine figure valuation very quickly. Cole gave us insight on building an app, finding developers, cost, putting together a team, how to monetize an app, the process of meeting and finding VC firms, finding founding, and more. This conversation is billion dollar language. Click this link to support the podcast https://www.patreon.com/earnyourleisure--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/earnyourleisure/support Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

Alright, so now we're gonna talk about apps, right? This is this is a conversation that is near and dear to our heart because

0:08.1

So we are

0:10.0

We try to do everything we want money in every yeah, and that's key to like we've tried and we failed a bunch of times

0:16.8

Yeah, got to so we had that we had an idea

0:20.8

Told you with social media page you started

0:23.0

We did a lot of different stuff and but one idea that we had was to have an app

0:27.4

Yeah, and it was the idea was pretty good and I guess it was good in contact but it was about

0:36.2

Music for DJs. Yeah, it was it was kind of like getting rid of like the traditional way of people DJ when people bore crates

0:43.6

today sets and

0:45.6

Had to find records

0:47.0

We had like an idea to create a cloud service for DJs where they could create their sets and all they needed was

0:53.3

Wi-Fi at the venue right and they could pull up their sets wherever they went it was no

0:57.5

Serato right exactly and like now that's happening right off of that but like a few years ago

1:03.9

Nobody was doing it right right. Oh, we got an idea that can work and it was on myself a shot

1:09.9

Jamal Mike again in a pull shout the pull

1:13.2

and

1:14.7

It uh it started off as a great idea right and we wanted to jump and app is still in that app

1:20.7

I believe drop drop is the name and

1:23.6

We learned some some very valuable lessons during that process. So the problem the problem with all right

1:28.6

I'll give you a quick version the problem with us trying to develop the app is that we have no idea what we're doing

1:33.5

Oh, yeah, no, that's a very

1:36.2

Welcome to the club. That's a problem one

...

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