Everything Josh Kim said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kim: Founders should focus on solving personal problems, not monetization ideas
“The number one question that my mentor shared with me, and that I came to, came back to over and over again, it was, what is a problem I can solve? And what is the biggest problem in my life? It wasn't, what is your idea? What is the business you want to grow?…”
Kim tested 50% transaction fees on his manual campus marketplace MVP
“Like, I was making money, and I was actually implementing manual transaction fees just to see. I, we actually played, I played around transaction fees to a point where I would get 50% transaction fee, and it was crazy because, like, these students wouldn't car…”
Kim: Founders should build personal friendships with their prospective acquirers
“Be friends with your, with the person who's going to acquire you, with the group that's going to acquire you, whoever your main correspondence is.”
Kim: The Cubby eventually gave 100% of marketplace sales fees to students
“We gave a hundred percent of the fee to the college student and allowed them to showcase and sell their work to the public.”
Kim: Acquire.com listing generated 10 to 12 buyer inquiries on day one
“The first day we were approved, I had, like, 10, like, 10 to 12 different people reach out, like, immediately”
Kim: Defining non-negotiables and nice-to-haves accelerates acquisition talks
“Know what you want, and really define that, and I didn't do that for the first two months of my journey, so know what you want and the conversation just gets so much faster and so much more efficient after that.”
Josh Kim self-invested $5,000 of personal savings to build The Cubby
“And so I think I self-invested like five grand At the time, and that was almost all the money I had, but I truly believed in it.”
Kim: Finding a buyer on Acquire.com took roughly six months
“Like I you know, like I said, it was like around six months it took me for on a car.”