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Entrepreneurs on Fire

How This Tech Company Went from $100 to a 30 Million Dollar Valuation in Under 3 Years with Uyi Abraham

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.84.1K Ratings

🗓️ 7 August 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Uyi Abraham came to America with only $100 and a suitcase of clothes and founded Vonza.com, the first black owned all-in-one software for entrepreneurs and creators to create and sell online courses and easily grow their business online.

Top 3 Value Bombs

1. This is the best time to launch a business online. You just need to teach your knowledge, your story or your expertise.

2. The secret to everybody's success is in pain, frustration or something that they really feel like they can add value to or change.

3. Right now, we are seeing a big shift from just courses to community. We're seeing that people want more than courses. They want hand-holding, they want community, they want to network, they want to do live business entrepreneurship with likeminded people.

Vonza is the fast and easy way to create and sell online courses, products, coaching, memberships, funnels and more. Keep your online business simple and all-in-one place - Vonza

Sponsors

HubSpot HubSpot's integrated AI tech is helping teams of all types and sizes automate the more tedious parts of running a business. Learn more and get started today at HubSpot.com

Belay Get Belay's Ultimate Guide to Working with a Virtual Assistant today! Just text FIRE to 55123 to get started

Transcript

Click on a timestamp to play from that location

0:00.0

Light that spark fire nation JLD here and welcome to entrepreneurs on fire brought to you by the HubSpot podcast network the audio destination for business professionals with great shows like a billion dollar moves today will be breaking down how this tech company went from a hundred dollars to a thirty million dollar valuation in under three years to drop these value bombs I brought who ye Abraham and the EO fire studios who ye came to America with only a hundred dollars in a suitcase of clothes

0:30.0

and founded vanzha dot com the first black owned all in one software for entrepreneurs and creators to create and sell online courses and easily grow their business online and today we'll be chatting about this rags to rich story the importance of the unique proposition of value why you want to be the number one solution to a real problem in this world and so much more and a big thank you for sponsoring today's episode goes to who you in our sponsors

1:00.4

the gold digger podcast hosted by genocuture is brought to you by the HubSpot podcast network the audio destination for business professionals the gold digger podcast helps you discover your dream career with productivity tips social strategies business hacks inspirational stories and so much more one of my favorite recent episodes is titled how I've built an unmatched team culture and insanely important topic for all business owners to dive into listen to gold digger wherever you get your podcasts wondering how to leverage a virtual assistant to save you time and money all while growing your business

1:29.9

get blaze ultimate guide to working with a virtual assistant today just text fire that's f i r e to five five one two three to get started

1:42.3

we say what's up to fire nation and share something that you believe about becoming successful that most people this agree with

1:50.6

here fire nation is so good to be yet today so one thing that I believe about being successful a lot of people disagree on is that I know I believe that you don't need money to start a business in 2023

2:07.1

which a lot of people disagree about because now we are in the digital economy without anybody with the knowledge skill and expertise can take that information turning into a coaching program or an online course and they can literally start and build it to six seven even eight figures without spending a dime

2:28.8

boom fire nation and that's why we're going to be talking today about how this tech company went from a hundred dollars to a thirty million dollars

2:37.1

evaluation in under three years and who you are a modern day rags to riches story I mean you're showing everybody the American dream is still alive and well you came to America

2:51.1

with just that hundred dollars in your pockets and you built a successful tech company tell us that story.

2:57.4

Yeah thank you so much so I was born and raised in Nigeria so I came to America a few years ago with only one hundred dollars and a suitcase of clothes so I am pretty much the American dream so I came initially to go to school to become a medical doctor so my dream was to be a gynecologist I went to help women treat women and stuff like that so I came over here so I taking classes in you know in medicine and stuff I just lost love for medicine

3:27.4

and I found out that my true passion was entrepreneurship and to help people to actualize their own dreams you know so from a hundred dollars to not leading a tech company called Vanza and now we we're helping thousands of entrepreneurs to take their knowledge skills or

3:44.4

services and turn it into you know income and business but what was the real breakthrough like you just had a hundred dollars like how did you even start with that what was that first domino to fall very good question so with a hundred dollars and a suitcase of clothes of course my you know I have to start from the bottom my first job I was working out a movie theater and I was making about six dollars and 15 cents an hour but now if you compare that to what I was

4:14.4

work I could have been making an engineer which you know we survived it only about a hundred dollars a day you know it was like a big breakthrough for me because growing up in an engineer I remember that we only ate like a full leg or half chicken on Christmas Easter on all birthdays you know we went to bed many times without food we walked miles and

4:36.9

miles to school so I really kind of came from that humble beginning so coming to America even making six dollars 15 cents an hour was like a breakthrough to me so from there I started working one job to the other so it was when I got married and I noticed that the job thing was not going to cut it for me you know that was

4:53.8

giving me what I needed to be able to take care of myself and family I knew I need to understand this entrepreneurship thing so I did what everybody else told me I should do

5:05.7

which was get a storefront and try to start a business so I said designing websites for people I started you know do I wrote running a print shop and do like a FedEx

5:16.6

king who stepped in and then it was around 2010 that I began to have that breakthrough my mindset that the you know brick and

5:25.3

mortar type of business was not the easiest kind of business to start so I learned skill I said preparing taxes for people

5:32.5

and then people started coming to me and asking me to teach them on how to create or launch their own tax businesses

5:40.0

and that's how I started creating courses and coaching programs and then at about 2019 you know I launched the program online and I was using one

5:51.2

platform for my course in order for my email in order for my membership in order for my physical products and then using Zephyat

...

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