Patrick Campbell: The Billion $ Quilting Industry And Using Spy Secrets To Gain A Competitive Edge
My First Million
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4.8 ā¢ 2.7K Ratings
šļø 7 July 2022
ā±ļø 72 minutes
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| 0:00.0 | It has a bunch of factors that individually are strong characters of like potentially good businesses, |
| 0:05.8 | but when you stack them, it becomes even more valuable. So it's like this is a stacking of trends. |
| 0:11.1 | So you have the trend of DIY and crafts at home, right? Then you have the trend of oddly satisfying. |
| 0:17.8 | Then you add on community and it's like, oh yeah, people get together and they do this together. |
| 0:22.4 | And so you start stacking these on top of each other, then it's like nostalgia. And it's like, |
| 0:26.6 | that means something to our family because she made it, right? It's like a memory of her. |
| 0:30.4 | So you stack all these things on top of each other and now you have this like, you know, |
| 0:33.7 | lung island iced tea of a business where you stack all these different, you know, things into one |
| 0:38.6 | cocktail and it's just a strong, you know, set up a bitch. |
| 0:41.6 | Yeah. |
| 0:53.9 | All right, we are live. What's going on, man? How are you? |
| 0:57.7 | What's going on, gentlemen? |
| 1:00.0 | So we have Patrick Campbell. The company was profit well. |
| 1:04.2 | Yeah, so start originally it was, it was something else for first, right? |
| 1:08.4 | Yeah, we called it price intelligently. So we did a little piece of pricing software, morphed into |
| 1:13.2 | pricing software and service, a lot of service actually and then started building this metrics tool |
| 1:18.5 | and all that kind of fun stuff and then recently sold the paddle, which is a payments infrastructure |
| 1:23.3 | product. If that means. And the headline, the headline price was $200 million and you bootstrapped |
| 1:28.6 | the company and I think at a tweet you said you owned, I don't know if it was you and your |
| 1:32.3 | co-founder or company owned, but like you guys owned almost all of it, right? Yeah, we were |
| 1:37.3 | a bus driver, so we owned 100% of it. And so we, yeah, but we were pretty generous. I think |
| 1:42.3 | it tweeted about the fact that we were pretty generous about giving out equity. So it wasn't like I |
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