How I Reverse Engineered A $100 Million Exit - Jason Lemkin

If you want to reverse engineer things, you have to have a model with economies of scale that get you to three to four hundred thousand dollars per employee, or your model is not real. Ідез на скалібо. What's going on, man? How are you? I'm so excited to be here. Uh and talk about all my first millions. Um, talk about the millions I lost, uh, a few learnings on scaling and whatever you want, Sam. It's great to be here. I love you for many th reasons. One of them is like you're so catchy. And you're so good at summarizing important things, but in explain it in a very simple to way, in simple to understand ways. But before we get into that, I need to like talk about background because we have to to the OG software guys, you are the guy. So like if we talk to like the founders of HubSpot or uh

I mean like Guys who run multi or tens of billions of dollars companies, they say if you want to learn about software, Jason's the guy. But we have a bunch of like sometimes 20 year old uh kids listening to this, and I wanna like give a little background. And so we don't I don't wanna spend too much time on this, but basically what I know about you is you started a few software companies, including Echo Sign, which you sold for nine figures. I don't know the exact amount, but you've said nine figures. then you've been investing in s in startups as a V C for like since two thousand thirteen, which you said I think you said you 10x your fund. Or something like that.

Is that right? That is about that is about right. Um, and then what else did you do besides echo side? Before that. Um, before that I had a a startup where I made my first million. Um uh between when the internet died for a while, I actually founded a startup making implantable batteries from nanomaterials, which I knew nothing about, which is interesting, and we sold it for fifty million after twelve and a half months.

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