4.9 • 654 Ratings
🗓️ 3 February 2023
⏱️ 45 minutes
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0:00.0 | Yo, technology. |
0:02.9 | What is it all about? |
0:04.5 | And I think that's actually a really important lesson. |
0:06.8 | Like finding the right business partner, like two great people with an average idea can do incredible things. |
0:13.7 | An amazing idea with average team has no chance of success. |
0:36.6 | Hello and welcome to Danny in the Valdeer Weekly podcast from behind the scenes and inside the minds of the top people in tech this week. |
0:40.1 | We're going to take a deep dive. |
0:42.0 | Inside the world of small business, trust me, you'll want to hear this one. |
0:49.4 | What we're doing is how one company is trying to keep lots and lots and lots and lots of businesses |
0:54.8 | from quote unquote growing out of business, not going out of business, growing out of business. |
0:59.8 | What am I talking about? |
1:01.7 | I'm talking about how small businesses typically don't get paid for their goods or services for |
1:07.0 | anywhere from 30 to 60, even 90 days. |
1:10.0 | And then when the economy slows down, it gets even worse. |
1:13.4 | Sometimes suppliers can take months and months and months before they pay for anything. |
1:20.4 | And for a lot of small businesses, this can mean a lot of pain or even just lead to total collapse. |
1:26.1 | And this week's guest is Laura Hodgson, and she's setting out to fix that. |
1:31.9 | She is the co-founder of a company called Now, a company that, as you might guess, |
1:38.2 | pays companies immediately. |
1:39.8 | And they take a small fee and they basically wait to get paid for the suppliers. |
1:44.7 | So they basically front you the money, take a small fee and then they get paid on the back end. |
1:49.4 | And Lara's got a really kind of amazing backstory because her business partner is Stacey Abrams, |
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