EP 112: He Quit Google Now Serial Entrepreneur

1. Understand your customer pain points and alleviate them—it’s the quickest way to success.
2. Know your growth story and paint the vision.
3. Don’t waste a moment in a day—once time ticks past, it’s gone forever.

Time Stamped Show Notes:

• 01:01 – Nathan’s introduction to today’s show
• 01:55 – Ethan loves product because it’s all about understanding what the customer needs to make their life easier
• 02:28 – What it’s like working at Google and why Ethan left
• 03:55 – The Google video team was floored when YouTube was bought
• 04:55 – The story behind Red Beacon
  • 07:00 – Red Beacon made money by taking a percentage of service provide bids
  • 08:15 – The problem with Red Beacon was an absence of usage frequency
  • 10:15 – Companies don’t get sold, they get bought

• 11:30 – The original concept of MyTime was to become the Amazon of local services
• 12:45 – MyTime Marketplace gets 1M visitors per month
• 13:50 – 2/3 business still use pen and paper
• 15:20 – Time is precious—once it’s gone, it’s gone
• 16:10 – MyTime is a multimillion dollar business with the potential to become a billion dollar business
• 17:00 – MyTime rolls with a churn rate that’s less than 10% per month
• 18:24 – Be able to tell the growth story and paint the vision to investors
• 19:30 – www.MyTime.com @Ethan_Anderson
• 20:24 – Famous Five