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Nov 16, 2015
3 Key Points:
- Understand your customer pain points and alleviate them—it’s the quickest way to success.
- Know your growth story and paint the vision.
- Don’t waste a moment in a day—once time ticks past, it’s gone forever.
Time Stamped Show Notes:
- 01:01 – Nathan’s introduction to today’s show
- 01:55 – Ethan loves product because it’s all about understanding what the customer needs to make their life easier
- 02:28 – What it’s like working at Google and why Ethan left
- 03:55 – The Google video team was floored when YouTube was bought
- 04:55 – The story behind Red Beacon
- 07:00 – Red Beacon made money by taking a percentage of service provide bids
- 08:15 – The problem with Red Beacon was an absence of usage frequency
- 10:15 – Companies don’t get sold, they get bought
- 11:30 – The original concept of MyTime was to become the Amazon of local services
- 12:45 – MyTime Marketplace gets 1M visitors per month
- 13:50 – 2/3 business still use pen and paper
- 15:20 – Time is precious—once it’s gone, it’s gone
- 16:10 – MyTime is a multimillion dollar business with the potential to become a billion dollar business
- 17:00 – MyTime rolls with a churn rate that’s less than 10% per month
- 18:24 – Be able to tell the growth story and paint the vision to investors
- 19:30 – www.MyTime.com @Ethan_Anderson
- 20:24 – Famous Five
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