Sold 5 Companies Before Age of 30, Now Side Stream Income is $500k/Year with Lane Campbell EP 218
SaaS Interviews with CEOs, Startups, Founders
Nathan Latka
4.6 • 683 Ratings
🗓️ 2 April 2016
⏱️ 18 minutes
🧾️ Download transcript
Summary
Listen as Lane Campbell shares his insight on the importance of partnerships for rapid growth, the challenges of finding quality technical talent, and his plans for the future.
Famous 5
Favorite Book? – The Hard Thing About Hard Things
What CEO do you follow?— Mark Zuckerberg
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Leave college early.
Time Stamped Show Notes:
01:06 – Nathan’s introduction
01:28 – Welcoming Lane to the show
01:33 – The 5 companies Lane sold before he was 30
02:20 – Lifetime value of exits was south of $10M
02:45 – Lane’s current projects
03:51 – His #1 focus right now is TBD
04:44 – Lane’s #1 income stream is Create.ly
05:39 -- $20-$40K is Lane’s consulting fee
07:25 – Use partnerships and incentives to grow rapidly
08:18 – Even if you’re a name brand you can still decline in revenue year of year
09:05 – Create.ly did roughly $500K in 2015
09:52 – The challenge of attracting top technical talent
11:26 – The cost of hiring an $80K salaried employee in the U.S. is $26K
13:43 – www.LaneCambell.com
3 Key Points:
Take advantage of partnerships and incentivize your offerings to grow quickly.
Just because you’re a household name/brand doesn’t mean you’re infallible.
Top technical talent is hard to find and harder to lock up—if you find it put a vice on it.
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Host Gator - Powerful web hosting made easy and affordable.
Create.Ly – Lane’s current income generator
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
Transcript
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| 0:00.0 | This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base. |
| 0:09.0 | You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. |
| 0:16.0 | I'm now at $20,000 per talk. |
| 0:18.0 | Five and six million. |
| 0:19.0 | He is hell-bent on global domination. We just broke our 100,000 units sold mark Five and six million. He is hell bent on global domination. |
| 0:21.2 | We just broke our 100,000 unit sole mark. |
| 0:23.9 | And I'm your host, Nathan Latka. |
| 0:27.3 | Okay, Top Tribe, this week's winner of the Hunter Bucks is Daniel Al-Soudini. |
| 0:31.7 | He's based overseas. |
| 0:33.8 | He's an employee at a current company and can't wait to break free. For your chance to win |
| 0:39.1 | $100, Top Tribe, simply subscribe to the podcast now and then text the word Nathan to 3344 to prove |
| 0:46.3 | that you did it. Again, text the word Nathan to 33444 to prove that you did it. I give away |
| 0:52.2 | $100 every Monday. Coming up tomorrow morning, |
| 0:56.3 | Top Tribe, you're going to hear from Fizan Ali. He's 26 and is managing $8.4 million in ad |
| 1:02.3 | spend with his business Ad Send Media. Okay, Top Tribe, good morning to everyone. I hope you |
| 1:08.4 | having a great jog or commute into work. And you're |
| 1:11.2 | going to really enjoy our guest this morning. His name is Lane Campbell. And he's a serial |
| 1:15.4 | entrepreneur. By the time he was 25, he had managed IT for companies that cumulatively did |
| 1:21.1 | $300 million in revenue. By the time he was 30, he had sold five companies. Folks, it's going to be a good one lane are you ready |
| 1:29.2 | to take us to the top absolutely let's do this okay so first things first just name the name of the |
| 1:35.4 | company and the exit price of the five companies you sold before 30 oh well i can't disclose all the |
| 1:42.7 | exit prices but but i can say the five companies first first one that I sold was named ZigZap, it was the telecom, second one, and the third one shared the same name, separate entities, but the brand remained with me after the first sale. |
... |
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