30: Developing One of the Largest Marketplaces Online with Collis Ta'eed

30: Developing One of the Largest Marketplaces Online with Collis Ta'eed

This episode is proudly sponsored by DesignHill - The World's #1 Marketplace for Custom Designs. If you go to designhill.com/promo/foundrmag, foundr listeners will get $40 off the contest posting fee and $50 worth power upgrade of services for free. There aren’t too many startups on the planet that regularly make millionaires of their community members. Or who have doubled user, traffic, and revenue numbers consistently for the better part of a decade. The story of Envato going from a modest Flash design resource to a multi-site, multi-million dollar, online heavy-hitteris the essence of startup success. In fact, as a case study, it should probably be taught in business school. Except for the small fact that the journey of CEO and Cofounder Collis Ta’eed has been anything but textbook. Since its inception in 2006, Envato has boomed. Actually, you would have to say it has BOOMED. One and a half million active buyers, eight thriving marketplaces, 250 employees and over $215 million paid out to authors to date — all born from an idea to start a business that could support the travel aspirations of Ta’eed and his wife Cyan. “We had just got married and we had a lot of freelance clients. It was beginning to feel like a drag! Cyan said, ‘Let’s go traveling!’ I had always wanted to start a business and we had some ideas about how it would work, so we just thought, let’s go for it. Even though we had to keep freelancing for a long time to keep living as we built the company,” Ta’eed recalls. Since Envato launched FlashDen, its first digital marketplace that sells content created with Adobe Flash, the company has grown to include eight online marketplaces. There’s a good chance you’ve heard of at least one of them. The Largest of the Marketplaces is ThemeForest, which sells website themes and plug-ins. ThemeForest, is to digital creatives what Home Depot is to DIYers, The Envato Market also includes GraphicRiver, CodeCanyon, VideoGive, PhotoDune, 3DOcean, AudioJungle and ActiveDen (formerly FlashDen), while the broader Envato group is also home to freelance hub Studio and learning platform, Tuts+. Phew. In this interview you will learn: - How Collis validates his business ideas for marketplaces and how he chooses the right ones to pursue amongst the hundreds - How he has rapidly grown Envato - Raising capital vs Boostrapping - How he got his first 1000 customers - Marketing tactics and strategies for growth - What it takes to manage a large team and becoming a leader I Need Your Help! If you haven’t already, I would love if you could be awesome and take a minute to leave a quick rating and review of the podcast on iTunes by clicking on the link below. It’s the most amazing way to help the show grow and reach more people! Leave a review for the Foundr Podcast!

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461: Adrian Grenier’s Evolution from Movie Star to Social-Impact Entrepreneur

461: Adrian Grenier’s Evolution from Movie Star to Social-Impact Entrepreneur

Adrian Grenier was a rebellious artist before he was known for his acting roles in Entourage, Devil Wears Prada, and Clickbait. Now he’s a rebellious entrepreneur, investor, and activist. Learn how Grenier’s disenchantment with fame and wealth led him to start and support social impact businesses through DuContra Ventures and Earth Speed Media with co-founder and co-CEO Bia Carminati.  Listen to Nathan and Adrian discuss: His trajectory from punk rebel artist to movie star How mortality drives our need to keep achieving  How to let go of your business to let it grow  Ba Minuzz, the business mind behind DuContra Ventures  Building trust with business partners  What he learned from his failed beer company Why sometimes you need to let go of a dream The mission of Earth Speed Media And much more social impact business 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

26 Maj 202340min

460: 4 Stories. 4 Founders. 4 Lives Changed.

460: 4 Stories. 4 Founders. 4 Lives Changed.

For ten years, we've interviewed hundreds of elite entrepreneurs who’ve started and grown the world's most successful businesses. The reason we connect with these dynamic founders is to break down their wisdom, experience, and inspirational stories to help accelerate your growth as an entrepreneur. In this episode of The Foundr Podcast, we're instead sharing the stories of everyday founders like you who are students in our foundr+ community. Foundr+ is our comprehensive platform designed to equip founders with everything they need to start and grow successful businesses. Listen to these student stories to learn:  How Maddison Danforth left her full-time job to start a social media agency servicing small businesses. How Mia Dickson used TikTok organically to build a loyal and diverse customer community.  How Mark Boxer's camera rig hack became a coveted product by content creators worldwide.  About Nicole Gaviria, the winner of the 2022 foundr startup challenge. And what Nathan Chan’s learned from a decade of student success stories at foundr. 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

19 Maj 202340min

459: Forging Meaningful Business Partnerships with Jean Oelwang of Virgin Unite

459: Forging Meaningful Business Partnerships with Jean Oelwang of Virgin Unite

Partnerships can be tricky, especially when you’re starting a business. For ​​Jean Oelwang, creating meaningful partnerships has been her focus for nearly 30 years. Oelwang is the founding CEO and President of Virgin Unite, an entrepreneurial foundation that builds collectives, incubates ideas, and re-invents systems for a better world. She’s worked with partners like Richard Branson and Peter Gabriel, Archbishop Desmond and Leah Tutu, Jimmy and Rosalynn Carter, Ben and Jerry, and the co-founders of AirBnB. In her new book Partnering: Forge the Deep Connections That Make Great Things Happen, she shares six principles that have forged 60 extraordinary partnerships and collaborations. Listen to Nathan and Jean discuss:  Pitching Richard Branson on the concept of Virgin Unite What’s it like to work with Richard Branson Why business partnerships fail How she chooses partners to invest into Why co-founders can provide joy  How to set up a board of advisors  The six principles of meaningful partnerships The fear of a partnership not working  Examples of meaningful partnerships And much more partnership 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

12 Maj 202358min

458: Break One Rule and Break It Hard: David Lester of OLIPOP PBC

458: Break One Rule and Break It Hard: David Lester of OLIPOP PBC

David Lester learned a lot from his first venture. After spending a decade in the beverage marketing industry, he teamed up with his co-founder Ben Goodwin to work on formulating a soda that’s good for you. After three years, they sold their first business but didn’t feel they’d gotten the product correct. So, they returned to their research for two years and discovered the right product market fit. In 2016, Lester and Goodwin launched OLIPOP PBC–a new kind of soda with the benefits of plant-based fiber and prebiotics. OLIPOP started in 24 independent stores in Northern California and now is stocked in 20,000 stores nationally and endorsed by celebrities like Camilla Cabello, Gweynth Paltrow, Nick Jonas, and Priyanka Chopra. Listen to Nathan and David discuss:  What he learned from his first venture Obi Probiotic Soda Starting over to make a better product in OLIPOP How humility can give you confidence as a founder Spending two years perfecting the formula with academic research The manufacturing process for beverage startups  Why you should start with independent retailers first The break one rule and break it hard method  Authentic connection with celebrity partnerships   Why product market fit is more important than marketing And much more beverage startup 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

5 Maj 202352min

457: Why This Generation Will Be the Strongest Founders with David Shein of OHF Ventures

457: Why This Generation Will Be the Strongest Founders with David Shein of OHF Ventures

David Shein was an entrepreneur before it was in vogue. For over three decades, he’s founded, mentored, and invested in exceptional startups. He sold his first company, COMTECH, for over $1 billion–arguably Australia’s first tech unicorn. In 2021, he published his first book, The Dumbest Guy at the Table: How I Founded Australia’s First Unicorn, drawing on his experience and providing valuable advice to anyone looking to start a company. Listen to Nathan and David discuss: Leaving a stable job in 1987 to start a business  Why this current generation of founders will be the strongest The defining people in any business  Finding a pathway to profitability How to hire for attitude  Identifying the right business partners  Why your actions have to match your words How to make tough decisions Red flags when investing in startups And more lessons for founders… 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 Apr 20231h 8min

456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

Jim McKelvey was a glassblower when he created the idea for the payment platform Square (now Block, Inc.). He was furious that he couldn’t accept certain credit cards as an artist and contacted a former colleague and Twitter co-founder Jack Dorsey to solve the problem. What took three weeks to build became a three-year journey of creating Square into a banking disruptor inspired by McKelvey’s frustrations. In the 15 years since McKelvey teamed up with Dorsey, Square has grown into a billion-dollar business and beat the world’s best company at absorbing startups—Amazon.  Listen to Nathan and Jim discuss: Hitting it off with Dorsey when he was his summer intern Realizing how many laws they were breaking with Square Convincing the banking industry to accept Square  Taking on Amazon and winning Researching unbeatable companies throughout history  Why he wrote the book The Innovation Stack How to pitch a product Why it’s better to copy than innovate His new foundr course Plus, excerpts from our live community event  And much more 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 Apr 20231h 4min

455: How to Use the Metaverse for Your Business with Kirin Sinha of Illumix

455: How to Use the Metaverse for Your Business with Kirin Sinha of Illumix

Kirin Sinha never wanted to run a startup. She was on a secure path in academics when her research into augmented reality (AR) showed her a vision of the future. So, at 25 years old, Sinha launched Illumix, an AR technology and media company focused on developing immersive experiences for mobile. To date, Illumix has secured $31M in venture capital funding, including investment from acclaimed director Michael Bay. In this episode, you’ll learn how to invest in the metaverse and lead a business with a vision toward the future.  Listen to Nathan and Kirin discuss:  Why Illumix is “metaverse insurance”  How Star Wars inspired her research  Getting accepted into Disney’s accelerator Creating a Fright Night at Freddy’s prototype  The hype cycle around the metaverse  Why you should invest in 3D assets over 2D How digital twins can help ecommerce businesses How director Michael Bay became an investor  Why she thinks of fundraising as dating Framing goal setting as learning  Why you should give your opinion last  And much more metaverse business 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

14 Apr 202349min

454: How Founders Can Buy Back Time with Dan Martell of SaaS Academy

454: How Founders Can Buy Back Time with Dan Martell of SaaS Academy

Have you felt the pain yet? Eventually, all founders face a battle with burnout or anxiety. So, where do you go when the momentum is drained? How do you stop treading water every day? In this episode, Nathan Chan and Dan Martell open up about the pain they’ve experienced trying to build successful businesses. Martell is an entrepreneur, angel investor, thought leader, and founder of SaaS Academy, the No. 1 coaching program for SaaS companies. He’ll teach you healthy strategies from his new book BUY BACK YOR TIME, so you can learn to integrate your work and life.  Nathan and Dan discuss: How a rehab program saved his life How he first got into SaaS  The three levels of time trades Work/life integration and ​​emotional shrapnel  How to build a perfect week How to work through burnout  The “buyback” principle and loop  4 ways to create leverage in your time  The 1-3-1 method  And much more advice on founder health... 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 Apr 202355min

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