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Joe Lemay: How We Went From -$400k To A $50 Million Exit Selling Reusable Notebooks
Manage episode 403734631 series 3306537
Konten disediakan oleh Shamus Madan and The Dealroom with Shamus Madan. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Shamus Madan and The Dealroom with Shamus Madan 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.
In 2016, Joe Lemay's balance sheet for Rocketbook was -$400k, and no VC would touch him. Bootstrapping was his only option. After four years of sweat and tears, he and his co-founder, Jake, built the company to a +$50M exit. This is the story of Rocketbook.
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Connect with Joe Lemay here: https://www.linkedin.com/in/lemayjoe/
Follow the host: https://twitter.com/shamusmadan
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(0:00) Introduction: Joe Lemay's journey and the conception of Rockabook (4:24) Importance of Crowdfunding and the development of Rocket Book (9:01) Joe's experience at the launch festival and meeting Jason Calacanis (15:51) Innovative marketing strategies and launching a new product: The Rocket Book Core (20:33) Overcoming technical and financial struggles in product development (29:56) Advice to a younger self and strategies to grow sales and revenue (36:54) Decision and process of selling the company to BIC (45:45) The strategic importance of Rocketbook to BIC and building champions within the acquiring company (49:37) Lessons learned from the acquisition and the best piece of advice Joe Lemay has received (51:53) Wrapping up the interview with Joe Lemay131 episode
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