Dan Fleyshman
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's an evolution as you're building and scaling a company. And you're hearing it here with the RepeatMD story, And even now, things are going to change along the way because you learn. You bring in new data. You get partnerships. You raise more capital. You get smart people around you. What if we did this? What if we had this feature? What if we had this bell and whistle?
Think about Instagram. When we all first started Instagram, what could you do there? A photo. That was it. Then they all of a sudden get bought for a billion dollars in less than a year. They had like 11 employees, which sounded crazy, right? Sounds insane.
Think about Instagram. When we all first started Instagram, what could you do there? A photo. That was it. Then they all of a sudden get bought for a billion dollars in less than a year. They had like 11 employees, which sounded crazy, right? Sounds insane.
A billion dollars for a photo app. There was over 200 photo apps at the time, by the way. So why this one? Well, now they do over a billion dollars revenue every 14 days. Yeah. Just to be clear. And that number is going to get faster and bigger as we, you know. And so it went from a photo app to then, oh my God, you can do a 15 second video clip. Oh my God, you can do a 60 second video clip.
A billion dollars for a photo app. There was over 200 photo apps at the time, by the way. So why this one? Well, now they do over a billion dollars revenue every 14 days. Yeah. Just to be clear. And that number is going to get faster and bigger as we, you know. And so it went from a photo app to then, oh my God, you can do a 15 second video clip. Oh my God, you can do a 60 second video clip.
We all just think of it like, oh yeah, they always did videos. No, they didn't. It's an evolution over time as you bring in more money, more capital, smart people around you, and you're getting advice from people that are above you, alongside of you, and your customers along the way. They're telling you they want longer videos. Okay. They're telling you they want other options. Okay.
We all just think of it like, oh yeah, they always did videos. No, they didn't. It's an evolution over time as you bring in more money, more capital, smart people around you, and you're getting advice from people that are above you, alongside of you, and your customers along the way. They're telling you they want longer videos. Okay. They're telling you they want other options. Okay.
They're telling you they want to show short-form, quick stories. Okay. They're just learning.
They're telling you they want to show short-form, quick stories. Okay. They're just learning.
and along the way they tried to buy snapchat as soon as evan spiegel said no guess what instagram stories became the biggest the biggest thing in all social media history we get more requested elevator studio for instagram stories than any platform itself even though it's just like a subsection of a platform And so the point of this is the story you've heard about to get to repeat MD.
and along the way they tried to buy snapchat as soon as evan spiegel said no guess what instagram stories became the biggest the biggest thing in all social media history we get more requested elevator studio for instagram stories than any platform itself even though it's just like a subsection of a platform And so the point of this is the story you've heard about to get to repeat MD.
Now we're going to go along the way. Once repeat MD started day one and you started to get your first few hundred salons and spas on board and medical spas, et cetera. Tell us how that evolved along the way.
Now we're going to go along the way. Once repeat MD started day one and you started to get your first few hundred salons and spas on board and medical spas, et cetera. Tell us how that evolved along the way.
Okay, so someone out there listening, they want to either work with repeat MD or recommend it to one of their friends who they recommend it to who is the ideal client to use repeat MD?
Okay, so someone out there listening, they want to either work with repeat MD or recommend it to one of their friends who they recommend it to who is the ideal client to use repeat MD?
So on the make money side, how does someone that has a spa salon, med spa, et cetera, how do they make more money by having repeat MD?
So on the make money side, how does someone that has a spa salon, med spa, et cetera, how do they make more money by having repeat MD?
Got it. That's super cool. All right. So we talked a bit about the make money side and general story to get to where we are. Let's talk about investing. Why is it important to invest into people for your company as you're scaling?
Got it. That's super cool. All right. So we talked a bit about the make money side and general story to get to where we are. Let's talk about investing. Why is it important to invest into people for your company as you're scaling?
So next part about investing I want to ask you about outside investing in people is buying companies or acquiring companies to fast forward your scale. Why is it useful to, as you're building a business, to potentially acquire competitors or companies that are smaller than you or midsize that you can acquire to help speed up the process of your growth?