EP 112: He Quit Google Now Serial Entrepreneur

3 Key Points:

1. Understand your customer pain points and alleviate them—it’s the quickest way to success.
2. Know your growth story and paint the vision.
3. 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