He Sue's Cell Phone Companies that Pray on You with Jon Colgan of Cellbreaker

Ep 131 Jon Colgan of CellBreaker.com joins Nathan.

Jon Colgan is founder of www.CellBreaker.com , an NC IDEA grant recipient (2013) and 500 Startups accelerant (2015). Fun fact: To talk about CellBreaker, Jon was the last scheduled interviewee with Diane Sawyer before she retired as ABC World News nightly anchor in 2014. Funner fact: Jon hasn’t brushed his hair since the 7th grade. As a lifelong entrepreneur and former UNC ethics debate captain, Jon’s mission is simple: give consumers confidence to veto bills they don’t owe.

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3 Key Points:

1. Play the strength of your hand, not your bank account.
2. Large companies can’t keep up with the changes they make to their own contracts.
3. Justice as a Service businesses are growing and growing rapidly.

Episode Notes: 

• 01:00 – Nathan’s introduction to today’s show
• 01:39 – Jon Colgan joins the podcast
• 02:20 – What CellBreaker means
• 02:40 – Helps people OUT of cell phone contracts they don’t want
• 03:15 – The Cell Breaker revenue model
• 03:40 – A real-life sample of how Cell Breaker works
• 04:40 – Cell Breaker is a REALLY efficient way to enforce the contract as written
• 05:50 – In August of 2015, Cell Breaker say 13,000 customers pass through
• 07:00 – Determinants for fulfillment
• 07:20 – The fall rate for Cell Breaker
• 07:45 – Cell Breaker’s success rate is 100%–They’ve never lost a case
• 08:15 – The highest density of hatred for any carrier is tied between Verizon and Sprint
• 09:15 – Prior to 2011, state consumer protection laws allowed people to band together and forge class action lawsuits against consumer goods providers
• 10:45 – As a business, Cell Breaker is all about efficiency
• 11:16 – Cell Breaker’s competition?—“Justice as a Service” businesses
• 12:40 — @JonColgan or FredoParedo.com
• 13:00 – The Cell Breaker Team
• 14:08 – Cell Breaker is hoping to raise $1.5M in equity
• 15:38 – Famous Five

Resources Mentioned:

• Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
• @JonColgan – Jon Colgan’s Twitter handle
• Fredo Pareto – Jon’s blog
• Zero to One – Jon’s favorite business book
• Gyazo – Jon’s favorite online tool

Famous 5

• Favorite Book?— Zero to One
• What CEO do you follow?— Sylvain Dufour
• What is your favorite online tool?— Gyazo
• Do you get 8 hours of sleep?—No
• If you could let your 20 year old self know one thing, what would it be?— Play the strength of your hand, not the strength of your bank account.

 

 

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Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

 

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