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BuildFire

8 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 20, 2024 by Ian Blair · said 6 times in 1 episodes since 2024 · across every show →

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brought up most by Andrew Gazdecki (6)

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2024 6 mentions in 1 episode

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Everything said about BuildFire, oldest first

Nov 20, 2024
Insight
Ian Blair: Continuous feature addition creates an endless treadmill for scaling
“One thing that I've learned is like simple system scale. And, you know, when you have to add tons and tons of new features, it just becomes like this endless treadmill that you're on.”
Ian Blair Nov 20, 2024 ▶ 6:07 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024 neutral
Insight
Ian Blair: Venture-backed founders must provide shareholder liquidity by year ten
“When you raise capital, I mean, at a certain point, you have to return capital to shareholders. So You know, kind of around the 10 year mark, you know, they're looking for liquidity.”
Ian Blair Nov 20, 2024 ▶ 9:09 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024
Insight
Ian Blair regrets not selling BuildFire when markets were hot and frothy
“When things are like really hot and frothy and, you know, the future's looking bright, I mean, that's really the time that you want to sell. So I wish, you know, we had made those moves at the time.”
Ian Blair Nov 20, 2024 ▶ 14:49 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024
Assertion Not checkable as stated
Ian Blair: BuildFire's acquisition due diligence completed in just 30 days
“There's only a 30 day due diligence process.”
Ian Blair Nov 20, 2024 ▶ 12:28 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024
Disclosure
Ian Blair closed the acquisition of BuildFire with zero escrow holdback
“Yeah, we did no escrow.”
Ian Blair Nov 20, 2024 ▶ 13:06 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024 neutral
Disclosure
Ian Blair: BuildFire's initial attempt to sell via investment bank failed
“So we started working with an investment bank early on and unfortunately did not get a transaction across the finish line.”
Ian Blair Nov 20, 2024 ▶ 10:51 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024
Assertion Not checkable as stated
Ian Blair: BuildFire published over 15,000 apps in 10 years
“Spent a little over 10 years building that company and published over 15,000 apps to the app store.”
Ian Blair Nov 20, 2024 ▶ 1:45 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
Nov 20, 2024
Assertion Not checkable as stated
Ian Blair scaled BuildFire to $30K MRR while still in college
“Like, I had four months off just to work on the business, and it was growing, and I don't know, we probably got it to, like, 20, 30,000 a month in recurring revenue.”
Ian Blair Nov 20, 2024 ▶ 7:44 How Ian Blair Jumped From Building Apps to Selling Laundry Sauce With Acquire.com
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