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The James Altucher Show

How Sahil Lavingia created the multi-million dollar company, Gumroad.

The James Altucher Show

James Altucher

Business, Education

4.62.7K Ratings

🗓️ 18 August 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Gumroad has been around 11 years and more, and people have made tens of thousands of dollars selling digital products on Gumroad! But do you know, how Gumroad was founded?In this episode, the founder and CEO of Gumroad, Sahil Lavingia who also invested in Clubhouse, Republic, and more, joined me to talk about his origin story and his road to creating Gumroad!Sahil's origin story is fascinating, he was young and wanted to buy some Xbox games, so he started learning how to build websites to make money on the side. He then fell in love with building sites and apps, and eventually landed as the number 2 employee on Pinterest.Like every great entrepreneur and inventor, Sahil built Gumroad because he had a problem selling his digital goods and services online, he saw the pain that the world need to be solved, so he took it upon himself and started Gumroad in  hope to help others to help their product online! And then, the rest is history!Listen to this episode and find out more about Sahil!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Imagine if you have an idea and you can create that idea real quickly and now you want

0:15.7

to sell it.

0:16.7

Well, how do you create an online store to sell it?

0:19.3

Most people don't know.

0:20.3

They can do this within a matter of minutes, whether it's an online course, a book, a special

0:25.6

report, or even like a t-shirt or something you make.

0:29.5

If you go to gumroad.com, this is not an ad, by the way.

0:33.2

The creator of Gumroad is coming on the podcast right now, but if you go to gumroad.com, within

0:37.5

minutes, you could start selling whatever you want.

0:41.1

It's been a long road for Gumroad, a long road of ups and downs.

0:44.2

It's a really great entrepreneur story, but it's also a really great story about how

0:49.1

the so-called creator economy is being developed.

0:52.1

You can create things and now make a living based on what you create and all the tools

0:56.5

are in place.

0:57.5

Thanks to people like Sehill Lavinjia, who's the creator of Gumroad, and here he is.

1:06.2

This isn't your average business podcast, and he's not your average host.

1:11.1

This is the James Altiger show.

1:16.5

Well, Sehill, thanks for coming on.

1:24.5

When I was doing the research for this, I think I found out I'm actually indirectly

1:29.0

invested in Gumroad.

1:30.0

I didn't even realize that when I asked you on it because I'm in Kamal Revacon's fund.

1:33.9

Oh, awesome.

...

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