Will Schroter
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I don't think there's enough people that are going to be willing to fund 20 of those for that to sustain.
And so it sounds cool, but I don't see the numbers adding up.
And it's not that we didn't believe in crowdfunding.
We just didn't see the growth arc that was going to be kind of our only ship to tie to.
Also, we really, you know, kind of going into this realized that people need help with lots of stuff, which is kind of where we were going with biz plan and things like that.
But what we ran into per your question about LaunchRock is we knew that in order to have a suite of products that were going to be well-developed, have existing market potential and in momentum, we couldn't possibly build all of those.
I mean, think about like how many people and how much focus and how much money it would take.
So we started looking at doing acquisitions.
At the time, I moved to San Francisco.
And I started- That time was 2013?
Yeah, probably 2013, 2014, if my numbers are right.
And I went there specifically to scout out companies to buy.
And we looked at, I mean, I probably talked to hundreds of founders, but we looked at 40 companies closely.
In other words, we did our diligence on 40 companies.
And we ended up acquiring six companies.
A few of the other ones that aren't really part of our portfolio in a meaningful way are like Zana, which is where all our video content came from.
Killer Startups, which is a lot of our just regular content that kind of got phased out.
There might be another.
I might be missing one.
So many acquisitions, but...