Answered raw tape
D 4 · C 4 · P 4 · Cm 4 4.00
Q You had a marketing agency and you sold it, right? We're taking a step back. That's how you got the money to invest in these startups. What was the agency doing? How long did you run it for? How did you grow it? What was the sales process like for, for exiting?
A I was a contractor for this marketing agency. It was, it was three people or four people back in early mid 2000. And we worked so well together that I joined them as an equity partner, minority stake in it, but I was a basically director of marketing, uh, and, or VP of marketing slash owner of the business. And it was, You know, we worked with fortune, 500 companies. We also went in the vertical field of going after like home improvement and going after certain vertical markets to, to work with a lot of local companies and roll them up in that way or, or roll up the services and. That went, it went really well. So, so we, you know, one client would tell two clients, would tell three clients, and suddenly we were just, we were signing contracts once a week with, with people who would replace the windows on your house, or, um, sometimes with big companies, they just come through and be like, Hey, we're, we want to work with you. And so, um, we went from like a half a million dollar, a little bit less than a million dollar business. When I, when I was contracting with them, um, when I joined the first full year together, we were at like 1.8 million. Then we are, You know, five years later, we were at seven and a half million dollars, and it was pretty remarkable to see that ride, and it was really just, um, One riding a wave of, of new services. Like this is when Google ads was re…
AI assessment note: “we went from like a half a million dollar... five years later, we were at seven and a half million”
Answered raw tape
D 4 · C 4 · P 3 · Cm 3 3.60
Q trust my advice. Plus they're in their own headspace. And so they need time to accept that. Maybe their idea might not be right and mine might be right. Um, but when you start to pay for something like that, Then you're much more open to making a change because you're trading something that you find valuable for something else that someone has. Um, what do you think about that?
A Yeah, I think there's a certain element to that for sure. And I've, I've been the same boat, you know, um, and part of it is I think People want money or they want advice. They don't usually don't want advice with money or they don't want money with advice as a caveat to it. They want, they just want the money in that case. Perhaps they, they just, they look at you as a money person. So that's their way of looking at, at the person is that I'm just getting money, but I, the advice is secondary. That's not what I asked this person to invest for. So it might, you know, might be a little bit upset that that's not how they're using you, but that might be how they looked at you. Um, and, and that's been, that's been the case with some businesses that I've I, you know, I'm getting smarter with my investments. There's a company that I was gonna invest in. And as I was talking to him, I was like, what are you gonna do with the money? And he didn't really have a plan for it. And, and they, and I was like, well, what are you gonna grow? And he's like, yeah, we're just gonna keep on doing what we're doing. I was like, well, you realize that if somebody's gonna invest in your company, they have to have an expected return and you're not telling the investors that there's any chance of a return. So it's like, all I'm doing is locking up my money with you without really a big plan. And it's j…
AI assessment note: “Yeah, I think there's a certain element to that for sure.”
