EP 117 How to Build a Great Tech Company Without VC Funding

May 17, 2021 · 1h 9m 12s
EP 117 How to Build a Great Tech Company Without VC Funding
Description

Does a tech startup really need venture capital to grow and scale? Our guest, Ethan Anthony, shares his advice and insights to show how you can build your tech business...

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Does a tech startup really need venture capital to grow and scale?

Our guest, Ethan Anthony, shares his advice and insights to show how you can build your tech business without traditional funding.

Ethan is the Founder & CEO of CrankChart, a company using conversational AI and behavioral sciences to seamlessly keep decision makers lockstep with data professionals - with the goal of using data to drive business success.

Ethan can be best described as a self-taught voracious reader and highly motivated problem solver. He spent half of his adult life in the Fareast, fully immersed in the Chinese culture and language.

While a grad student at Harvard, Ethan became a published author of 3 technical books. He has also spent over 10 years serving the world with his technical visionary and problem solving brilliance, and is an authority on combining behavioral psychology and behavioral economics with emerging tech to solve big problems at scale.

Ethan dives deep into how you can bootstrap your tech startup and he dissolves the fear many non-tech founders have about not having a tech co-founder.

00:00 - meet Ethan!
00:09 - how to build a great tech company without VC funding
11:50 – if you don’t focus on solving the problem and get it right without external funding, you are not going to know what do or how to drive your business with external funding.
13:30 – Ethan’s MVP bootstrapped minimalist strategy
23:40 – VC Agenda – Ethan drops the truth bombs here
28:00 – Ethan addresses the recent explosion of VC funds cropping up everywhere you look
33:40 – Excellent advice for non-tech founders!
41:10 – Clubhouse case study for using VC funding to scale quickly for a fast acquisition
46:00 – Ethan shares the huge amount of SAAS companies making a ton of money that we never hear about because they’re not being hyped to increase valuation for VCs.
48:00 – Ethan explains why you need to give the product for free during beta, and how to transition into a paid version.
50:30 – It’s all about experimentation folks!
55:20 – Stitch that on a Pillow Moment: your chances of success are astronomically higher if you bootstrap.
58:00 – Ethan shares how entrepreneurship has served him personally (wonderful!) and professionally (a lot more challenging given pattern matching).
1:01:55 – YOU have to define success – whatever it is, you’ll hit it.

To learn more about CrankChart visit: https://crankchart.com/
Please connect with Ethan on LinkedIn here: https://www.linkedin.com/in/uberdatag...

Watch Igor Belagorudsky share How Not to Waste Time and Money on Product Development: https://bit.ly/StartupLifeLIVEMVP

Here's the link to for Top Bootstrapped SAAS Companies: https://getlatka.com/saas-companies/m...

Thank you carving out time to improve your Founder Game - when you do better, your business will do better - cheers!

Ande Lyons
http://andelyons.com


STREAMYARD OVERLAYS AND GRAPHIC DESIGN
Nicky Pasquier
https://www.virtuosoassistant.co.uk/

GET VIDEO/AUDIO TRANSCRIBED WITH OTTER.AI
https://bit.ly/StartupLifeOtter

CONNECT WITH ME ONLINE:
https://andelyons.com
https://twitter.com/AndeLyons
https://www.facebook.com/StartupLifew...
https://www.linkedin.com/in/andelyons/
https://www.instagram.com/ande_lyons/
https://www.pinterest.com/andelyons/
https://angel.co/andelyons
TikTok: @andelyons
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Author Startup Life Show - Ande Lyons
Organization Startup Life Show - Ande Lyons
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