172: Finding A-Grade Talent on a Bootstrapped Budget with Cyan Ta'eed of Envato

172: Finding A-Grade Talent on a Bootstrapped Budget with Cyan Ta'eed of Envato

For any startup to be successful, it's going to need an amazing team. It's why Fortune 500 companies are willing to pay their executives so much, and invest millions of dollars into finding and hiring the right people. For the founders of startups, though, especially those that are bootstrapping, there's barely enough money to pay themselves, let alone hire anyone anyone else. The challenge of finding the right person to bring onto your team becomes that much harder. It's a position most founders find themselves in when they need to start bringing on new staff, and Cyan Ta'eed was no exception. In the beginning of Envato, one of the world's leading digital marketplaces with over 1.5 million active customers, it was just Ta'eed and her two other co-founders. It was a 100% bootstrapped operation, and still is today, and for a while, the three-person team was enough. But they soon quickly realized that if they were to grow any further, they needed to grow their team. "We couldn't offer above market, because so many startups who had taken funding to get these amazing, sort of, guns. These people who can command these incredibly high salaries," Ta'eed says. "So instead we would look for people with great potential, people who were entrepreneurial themselves, people who we knew could take the ball and run with it." Ta'eed hit the pavement and began the seemingly impossible task of finding that unicorn who's driven, entrepreneurial, and a problem-solver. In the end, though, she found a system that made finding and hiring exceptional talent, exceptionally easy. In this interview you'll learn: Where to look for when hunting for A-grade talent How to know whether your new employee is really going to help you grow What a highly effective founding team should look like How to juggle building multiple products without losing focus How Ta'eed disrupts an entire industry & much more!

Episoder(572)

473: From Internet Sensation to Category Contender with the Co-founders of HiSmile

473: From Internet Sensation to Category Contender with the Co-founders of HiSmile

In just nine years, Nik Mirkovic and Alex Tomic built their smile care brand into a category disruptor on track to earn over a billion in annual revenue by next year. Mirkovic and Tomic don’t want shortcuts, so they’ve remained bootstrapped since they started Hismile at ages 19 and 20. Hismile’s teeth-whitening kit has become an internet sensation, making the brand a favorite among influencers and celebrities. But the co-founders aren’t resting on success. They want to make Hismile a category champion and take on businesses with an extra century of experience. Listen to Nathan, Nik, and Alex discuss:  Why living on the Gold Coast keeps them focused Growing up together and having a passion for competition  Narrowing in on teeth whitening as a problem to solve Formulating their first product and its overnight success Bringing R&D in-house and shifting their business model Why character matters more than experience Taking on category giants like Colgate and Crest Why they have no plans to sell And much more product development advice... Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

18 Aug 20231h 5min

472: Feel Worthy of Your Business with Amy Porterfield

472: Feel Worthy of Your Business with Amy Porterfield

Amy Porterfield’s first two years of starting her own business were brutal. She was burnt out, confused, and contemplating going back to her job working for Tony Robbins. 14 years later, her marketing business has earned more than $82 million in revenue, she’s served more than 50,000 students in her online courses, and her Online Marketing Made Easy Podcast receives over one million monthly downloads. Then she decided to write the book she wished she had after going off alone. In the New York Times bestselling book, Two Weeks Notice, Porterfield walks you through how to leave your 9 to 5 job and create a flourishing business.  Listen to Nathan and Amy discuss: How to “unboss” yourself and build boundaries  Why the death of an entrepreneur is starting from scratch Why your email list is the most important tool in your business Trending marketing tools like generative AI and DMs  Overcoming the fear of leaving your job  How she almost lost her business  Why you need a high capacity for zero How she learned to feel worthy of success  And much more entrepreneurial mindset advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazin

11 Aug 202349min

471: Why Entrepreneurs Will Benefit from AI with Linden Tibbets of IFTTT

471: Why Entrepreneurs Will Benefit from AI with Linden Tibbets of IFTTT

Linden Tibbets believes that with each new tech wave, problems will arise for entrepreneurs to solve. He says the recent AI frenzy will create opportunities for startups, creators, and early-stage businesses to differentiate and scale faster. In 2010, Tibbets rode the wave of API technology by creating IFTTT (if now, then later), an online platform that empowers you to do more with your favorite apps and smart devices by helping them automate and integrate so they can work together seamlessly. IFTTT is used by the world’s biggest brands, Google, Discord, Slack, Dropbox, Alexa, Fitbit, Stripe, Ring, and even foundr.  Listen to Nathan and Linden discuss:  How he started IFTTT with design-centric thinking The emerging gap in entrepreneurship opportunities Using AI to reach more audiences How to start an AI business Leading a tech company in tough economic climates How to reuse tools to develop a new business idea Why you should work with people who care And much more AI and automation advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

4 Aug 20231h 9min

470: Why Passion Is Your Advantage with Holly Thaggard of Supergoop!

470: Why Passion Is Your Advantage with Holly Thaggard of Supergoop!

Holly Thaggard is passionate about sun protection. That passion drove her to create her multimillion-dollar skincare company, Supergoop!, which started turning the world of suncare products on its end when it launched in 2007. Last year, Supergoop! reached $250 million in sales. She combined her sunscreen with a curriculum on the importance of sun protection, which she launched in private schools. At the same time, she kept building a luxurious yet fun brand that consumers really wanted to make a part of their morning routines—both for themselves and their children. Listen to Nathan and Holly discuss:  Her background in education Starting Supergoop! in response to her friend's cancer diagnosis Writing a curriculum instead of a business plan Speaking to the U.S. Congress about skin protection  Pitching her products door to door at private schools The unexpected partnership with Sephora Solving a problem for a customer that they didn’t know existed Having the founder of Burt's Bees as a mentor   Why you can't manufacture authenticity And much more beauty industry advice...  Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

28 Jul 202359min

469: How to Beat a Monopoly with James Chin Moody of Sendle

469: How to Beat a Monopoly with James Chin Moody of Sendle

James Chin Moody became an entrepreneur by accident. While on sabbatical from his engineering career, he developed a donate marketplace inspired by trying to donate outgrown baby clothes to those in need. While optimizing local delivery logistics, he unintentionally created a model that rivaled the national post office. In 2014, out of that happy accident, Sendle was born, unlocking the power of big business delivery networks for small businesses to make delivery simple, reliable, and affordable. Moody is an expert and thought leader on the interface between sustainability and innovation and is the co-author of The Sixth Wave: How to Succeed in a Resource-Limited World. Listen to Nathan and James discuss:  The accidental origin story of Sendle Commercializing an untapped logistics solution  Value creation milestones Creating an eco-friendly business  Why Sendles can compete with delivery monopolies  The three levels of product market fit  The philosophy of one-way decisions The 5 “H’s” of Sendle’s virtues  “Hell yeah” recruiting  The competitive advantage of value-driven business And much more business innovation advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

21 Jul 20231h 1min

468: How to Fall in Love with a Problem with Uri Levine of Waze

468: How to Fall in Love with a Problem with Uri Levine of Waze

There are not many interviews where Nathan Chan is speechless, but this is one of them. If you want to learn how to find product market fit, build a successful team, and create a lasting business, then Uri Levine has the map. Levine is the co-founder of two unicorn startups–Waze and Moovit. He’s been a founder, investor, and chairman for more than ten successful startups focusing on solving big problems. His new book “Fall In Love with the Problem, Not the Solution-a Handbook for Entrepreneurs” was called “The Bible for entrepreneurs” by Apple co-founder Steve Wozniak.  Listen to Nathan and Uri discuss…or Nathan learn:  How to start with solving a problem Why it took four years to get Waze right  Why you need to learn how to fire before you hire Why value creation is the purpose of entrepreneurship How to measure product market fit Convincing the “holy grail” of customers  Why most startups fail Why there are only right decisions And much more product market fit wisdom… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

14 Jul 20231h 2min

467: Accelerate Your Marketing Efficiency with Manuel Mueller of Emma

467: Accelerate Your Marketing Efficiency with Manuel Mueller of Emma

Manuel Mueller started his first mattress company when he was 19 years old, and since then, he has never stopped iterating to create the perfect mattress. In 2013, he launched sleepwear company Emma, one of Europe’s fastest-growing sleep innovation companies, with mattresses, beds, and pillows sold in over 30 countries to 4 million customers. Learn the marketing strategies and mindset that allowed Emma to endure the DTC mattresses boom and continually have 30% year-over-year growth.  Listen to Nathan and Manuel discuss:  Starting his first mattress company at 19 years old  Finding product market fit by doing customer service  Standing out in the competitive DTC mattress boom Approaching product development research as a startup Why you shouldn’t raise money to raise money Advice on entering a new national market  Marketing attribution hacks for small businesses How your mindset can overcome your competition And much more DTC marketing advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

7 Jul 202344min

466: Reshape Free Products into Revenue-Generators with Ali Ghosdi of Databricks

466: Reshape Free Products into Revenue-Generators with Ali Ghosdi of Databricks

Ali Ghosdi was a reluctant founder. He planned to become an academic researcher and professor, not lead a successful tech startup. In 2013, alongside six other co-founders, Ghosdi helped build an open-source data product called Apache Spark, a best-of-breed future predicting code. The research project eventually became a business called Databricks. In 2016, he was picked as CEO and helped transform the open-source startup into a technology enterprise with a $38 billion valuation. Databricks boasts investors like Andreessen Horowitz, Microsoft, and Amazon.  Nathan and Ali discuss: Being a reluctant startup co-founder Partnering with Andreessen Horowitz as their first investor The pros and cons of having co-founders The pressure of living up to early success Transforming an open-source startup into a revenue enterprise  The difference between professional and founder CEOs How startups and small businesses can use AI tools right now. Why product market fit is an art How to work backward in your business  Why you shouldn’t listen to the consensus  And much more data, AI, and product advice… Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode. Wait, there's more… If you enjoy the Foundr podcast, check out our free trainings. Get exclusive, actionable advice from some of the world's best entrepreneurs.  Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now...  For more Foundr content, follow us on your favorite platform:  Foundr.com Instagram YouTube Facebook Twitter LinkedIn Magazine

30 Jun 202349min

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