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Andrew Warner

๐Ÿ‘ค Speaker
824 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

And we should say what the business did.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

Heyo started out as a consulting company, then moved on to software under the name Lejour, then became Heyo.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

What you did was social media consulting, if I understand right.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

Then you moved on to creating web pages on Facebook, which is what Facebook encouraged companies to do.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

And then when Facebook said, sorry, we're not doing that anymore, you turned it into a contest business and that's what you sold.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

I forget which one.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

So-

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

Back to the question that I asked earlier, is it fair to say that the exit wasn't strong?

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

We're talking about your investors got shares in the new business that you sold to.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

And you, from what they've told me, got under six figures from the exit.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

I mean, there was- You took 2.5, right?

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

And so did you give back 2.5 in cash?

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

But you can say whether you've made them more money than they put in, right?

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

If they put in 2.5 million, you can say I gave them more than 2.5 million.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

Here's the bottom line.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

People are saying that you've lost the money.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

They got less cash out than they put into the business.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

And so here's the thing that I admire about what you've done.

SaaS Interviews with CEOs, Startups, Founders
EP 417 SPECIAL: Warner Interviews Latka: Con Artist or Brilliant Genius?

You had a run at this.