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E4: Brendan Schwartz - Building Wistia for 18 years to ~200 employees after buying out investors
Manage episode 416305157 series 3552988
Konten disediakan oleh Adam Blake & Max Faingezicht, Adam Blake, and Max Faingezicht. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Adam Blake & Max Faingezicht, Adam Blake, and Max Faingezicht atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
(0:00) Intro
(1:55) Early entrepreneurial influences
(5:20) Starting Wistia
(8:11) Shredding business plans and burning thru savings
(11:02) The portfolio website for artists that didn't pay the bills
(12:44) The first business customer
(15:22) Going up against YouTube and Vimeo
(18:50) The Starbucks barista healthcare backup plan
(21:00) Raising an angel round
(24:50) Closing a $12/month deal after a summer of sorrow with no sales
(27:15) 5 years of work with just 4 people to get to profitability
(33:59) Growing the business more aggressively while having trouble reinvesting the profits
(38:54) One of their biggest mistakes building Wistia
(48:24) Getting 3 offers to buy the business
(55:55) Raising debt to buy out investors and early employees
(1:04:50) Switching from options to profit sharing with employees
(1:12:36) Switching back to options away from profit sharing with employees
(1:18:30) Wistia today and what's next for Brendan and Wistia
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