From Bootstrapping to Big Time: How to Scale Your Business Ideas with Gagan Biyani

The Chase Jarvis LIVE Show

Chase Jarvis

Celebrity, Art, Career, Creativity, Money, Entrepreneurship, Self-improvement, Education, Careers, Writing, Interview, Investment, Influencer, Business, Photography

4.8 • 641 Ratings

🗓️ 24 May 2023

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, I had the pleasure of chatting with Gagan Biyani, CEO and co-founder of Sprig, Udemy, and Maven, about the ins and outs of entrepreneurship and building a successful company. We delved into a variety of topics, ranging from the importance of having a big vision and painting a picture of the future, to the benefits of bootstrapping versus raising venture capital. We also explored the role of passion in the workplace and the challenges that come with scaling a company. Overall, it was a fascinating conversation that shed light on the highs and lows of being an entrepreneur and the importance of perseverance in the face of adversity.

Some topics discussed:

The importance of having a big vision
Painting a picture of the future
Building momentum over time
Bootstrapping versus raising venture capital
The importance of passion in the work you do
The process of scaling a company

Enjoy!

Transcript

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0:00.0	What I think is actually most important is having the passion bar.
0:04.2	You cannot just work on an idea because it's a good idea or because you think you would be a good fit for it.
0:10.3	Or because you just in your heart desperately really want to be an entrepreneur because you think that's what's going to make you fulfilled.
0:16.2	You have to actually meet the bar of, am I going to be passionate enough that when this gets really
0:22.2	hard, I'm going to keep doing it. And that's like one of multiple bars that you have to meet
0:26.4	to build a company. You have to have that bar. You also have to have the bar of it being a big
0:30.1	enough vision for it to become a company. You also have to have the bar of it being possible
0:34.8	to build. There are multiple bars, but the passion bar is one that
0:38.4	I think is really important to hold for things that you do. Because when you commit to starting
0:43.9	a company and you start hiring employees pretty soon, you know, or raise investment or any of
0:48.6	these things, pretty soon you're on a multi-year journey and that short-term passion is going to get dissipated and you're
0:55.8	going to need long-term fire in your belly passion.
0:59.0	Hey, everybody, what's up?
0:59.8	Welcome to another episode of the Chase Jarvis Live show.
1:02.3	My guest today is Gagan, Biani.
1:04.7	Gagan is a friend of mine who has done a lot of entrepreneur stuff.
1:17.1	Go way back to starting co-founding Udeme, which you are likely familiar with if you have paid any attention in the last decade to the online learning space.
1:21.7	Udeme is where tens of millions of users have gone to learn classes from coding to Photoshop. That company was started
1:31.0	very similarly in a similar time frame to Creative Live back in the 2009-10 world. Udemeet went on to
1:38.8	be become, you know, hit unicorn status and was taken public. In addition to co-founding Udeme,
1:47.2	Goggin has started two other startups, one in the learning space, which he's working on right
1:52.4	now, called Maven, which is an Andreessen-backed company where he is the CEO. And there was a
	...

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