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James Marks

๐Ÿ‘ค Speaker
134 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And it was finally in 2011 where I had to make a management change there, give some equity to my top guys, and then just step back and say, OK, VG Kids is your ship, and I'm going to focus on Whiplash.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

So that was kind of all gradually happening in 2011, 2012.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And by the way, they have done incredible work with it.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

I could not be happier with the way with what they've done with that company.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And it is terrifying because they do things differently.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

But what I've actually learned through the process is that I'm good at growing companies.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

I'm also expensive to have around, not just in my personal salary, but just in the decisions I make and going after growth.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And they're running a much stabler, much more profitable company than I ever was.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And so it's interesting to watch just how those different personalities play and to understand what I'm good at and what I'm not good at.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

I'm not good at running a stable company profitably.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

That's not what I do.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

So in the beginning, the very first conversation was my partner, Sean Hurley, came to me with an opportunity.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

He was working for Modest Mouse, the indie rock band at the time.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And he was able to say, hey, I've got this opportunity to run this web store.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

If you want to do it with me, we could partner.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And we both felt like that was 50-50.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

There was no discussion about it.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And then once we were running that, we were running this web store for Modest Mouse, which we still do, but we realized there wasn't quite a company to build around it, and that's when we figured out that there was a company to build around shipping for e-commerce.

SaaS Interviews with CEOs, Startups, Founders
How To Build an 8 Figure Business Fast with James Marks of WhipLash

And we brought in our third co-founder, Mark Dixon, and that conversation has been tricky at times, and his equity has actually changed over time because he came in kind of early, and then you're like, well, wait a minute, he's been around for all these years, and his equity doesn't really...