Foundr Magazine Podcast | Learn From Successful Founders & Proven Entrepreneurs, The Ultimate Startup Podcast For Business

506: I Ignored Investors and Built a $975M Company | Joe Thomas

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Sinopsis

An investor told Joe Thomas and his co-founders that they could exit to Salesforce for millions if they made their video recording software for sales teams. Thomas and his co-founder said no. Instead, they built Loom into a globally used tool with five million users in 230+ countries. In November of 2023, Atlassian acquired Loom for $975 million. Learn how Thomas trusted his gut and made Loom a must-have for the digital workforce.  In this episode, you’ll learn:  The 8-year overnight success story of building Loom   Loom’s key differentiator in the market  How to not bury the lede of your product market fit  Why early-stage founders need to maximize their learnings The value of a weekly Sunday dinner About making a product customers will like and pay for The product-led growth trap  Why every 90 days are different as an entrepreneur  How Thomas monetization Loom  To create a max diff survey for product upselling Choosing the uncertain path  And much more product development advice… Who do you w