WEBVTT

1
00:00:13.439 --> 00:00:17.719
<v Speaker 1>Everyone, Welcome to a brand new episode of Startups Still Say,

2
00:00:18.679 --> 00:00:22.719
<v Speaker 1>hope you're all doing well. Today's episode I'm actually super

3
00:00:22.760 --> 00:00:25.120
<v Speaker 1>excited about because of the first episode be doing it

4
00:00:25.160 --> 00:00:28.120
<v Speaker 1>in person with our guests. And today's guest happens to

5
00:00:28.160 --> 00:00:33.359
<v Speaker 1>be Lucas Josephi from widget Book. He happens to be

6
00:00:33.600 --> 00:00:35.799
<v Speaker 1>someone whom I know for the last two years, someone

7
00:00:35.799 --> 00:00:39.520
<v Speaker 1>whom I've admired for doing his startup at a very

8
00:00:39.560 --> 00:00:43.320
<v Speaker 1>young age, took on a big risk and jumped in

9
00:00:43.320 --> 00:00:47.000
<v Speaker 1>into the world of startups. So we'll be talking to

10
00:00:47.079 --> 00:00:51.399
<v Speaker 1>Lucas today about his journey, what widget Book does, and

11
00:00:51.840 --> 00:00:54.479
<v Speaker 1>some of the inputs that he can share with the

12
00:00:54.479 --> 00:00:57.079
<v Speaker 1>world of startups. So Lucas, first of all, welcome to

13
00:00:57.159 --> 00:00:59.759
<v Speaker 1>Startups Still Say.

14
00:01:01.039 --> 00:01:03.119
<v Speaker 2>Thanks. I love for having me Anthony.

15
00:01:05.319 --> 00:01:09.799
<v Speaker 1>It's a pleasure, So Lucas, so let's get things kicked off.

16
00:01:09.840 --> 00:01:12.120
<v Speaker 1>I mean, I know you for a couple of years now.

17
00:01:13.040 --> 00:01:16.599
<v Speaker 1>For those of you who don't know about the Flutter community,

18
00:01:16.680 --> 00:01:20.799
<v Speaker 1>Flutter is a technology or an open source framework from

19
00:01:21.200 --> 00:01:23.280
<v Speaker 1>Google which I used to be part of. I'm still

20
00:01:23.319 --> 00:01:27.120
<v Speaker 1>I am, and I ran into Lucas while we were

21
00:01:27.120 --> 00:01:31.920
<v Speaker 1>collaborating on with both of our companies, and I happen

22
00:01:32.000 --> 00:01:35.799
<v Speaker 1>to be here at a conference called flutter Con in Berlin.

23
00:01:36.079 --> 00:01:39.359
<v Speaker 1>Lucas was kind enough to be part of this particular

24
00:01:39.359 --> 00:01:42.159
<v Speaker 1>podcast and tell us about his journey. So, Lucas, I

25
00:01:42.599 --> 00:01:45.359
<v Speaker 1>know you as the CEO of widget Book. I know

26
00:01:45.480 --> 00:01:49.840
<v Speaker 1>you as this smart, exuberant CEO of a company, a

27
00:01:49.879 --> 00:01:53.840
<v Speaker 1>guy who loves outdoors from all your adventures in California

28
00:01:54.480 --> 00:01:57.760
<v Speaker 1>and here as well. And I know you'll like to

29
00:01:58.040 --> 00:02:01.000
<v Speaker 1>party a bit as well. But other than that, I

30
00:02:01.040 --> 00:02:03.040
<v Speaker 1>don't know anything else about you. So tell us a

31
00:02:03.079 --> 00:02:06.079
<v Speaker 1>little bit about yourself and maybe tell us about what

32
00:02:06.200 --> 00:02:07.879
<v Speaker 1>led you to start visit book as well.

33
00:02:10.120 --> 00:02:13.120
<v Speaker 2>Yeah, happy, happy to share it. Thanks for the kind words.

34
00:02:13.159 --> 00:02:16.800
<v Speaker 3>So, as you already said, I'm Lucas, co founder and

35
00:02:16.879 --> 00:02:18.680
<v Speaker 3>CEO of ridget Book.

36
00:02:20.240 --> 00:02:22.080
<v Speaker 2>I'm an entrepreneur and.

37
00:02:22.599 --> 00:02:26.919
<v Speaker 3>I'm really curious and in general about a lot of things.

38
00:02:27.360 --> 00:02:31.000
<v Speaker 3>I think that's curiosity and then led me into the

39
00:02:31.039 --> 00:02:35.719
<v Speaker 3>part of on the part of entrepreneurship. Other than that

40
00:02:36.080 --> 00:02:39.000
<v Speaker 3>I already mentioned, I really love to spend time outdoors

41
00:02:39.800 --> 00:02:43.639
<v Speaker 3>away from the laptop as well. Helps me to relax

42
00:02:43.680 --> 00:02:48.199
<v Speaker 3>and get a clear head. But to answer your question,

43
00:02:48.599 --> 00:02:51.800
<v Speaker 3>how I am got in the world of startups. How

44
00:02:51.840 --> 00:02:55.639
<v Speaker 3>I got through what I'm doing today is I was

45
00:02:56.199 --> 00:02:59.319
<v Speaker 3>inspired and mainly by my by my uncle and so

46
00:03:00.560 --> 00:03:04.120
<v Speaker 3>my ankle's not an entrepreneur, but he also took a

47
00:03:04.120 --> 00:03:08.000
<v Speaker 3>big risk because he moved with his family away from Germany.

48
00:03:08.080 --> 00:03:12.520
<v Speaker 3>So I'm originally from from Germany. My my uncle as well,

49
00:03:12.960 --> 00:03:16.960
<v Speaker 3>and he moved to Canada and with his family. I

50
00:03:16.960 --> 00:03:20.319
<v Speaker 3>think he was like his late twenties or early thirties,

51
00:03:21.400 --> 00:03:24.319
<v Speaker 3>twenty or something years ago. And then just when I

52
00:03:24.360 --> 00:03:27.479
<v Speaker 3>finished high school, I visited him in Canada and it

53
00:03:27.639 --> 00:03:31.840
<v Speaker 3>was an amazing experience being abroad really for the first time.

54
00:03:32.000 --> 00:03:35.520
<v Speaker 3>I spent a few weeks there, I had another internship

55
00:03:35.840 --> 00:03:38.520
<v Speaker 3>and the first time away from home, away from the family,

56
00:03:38.599 --> 00:03:40.759
<v Speaker 3>and so I could really see, okay, what kind of

57
00:03:41.800 --> 00:03:46.800
<v Speaker 3>other life you could also live. And then when I

58
00:03:46.840 --> 00:03:50.240
<v Speaker 3>started studying, and it was just very very quickly, Okay,

59
00:03:50.360 --> 00:03:53.719
<v Speaker 3>entrepreneurship is the path I am I really.

60
00:03:53.520 --> 00:03:57.319
<v Speaker 2>Like to go for. And so I actually have a

61
00:03:57.360 --> 00:03:58.199
<v Speaker 2>business background.

62
00:03:58.840 --> 00:04:05.000
<v Speaker 3>So I studied international business, so business with like German,

63
00:04:05.199 --> 00:04:07.560
<v Speaker 3>English and French, so I had some languages with it

64
00:04:07.599 --> 00:04:12.280
<v Speaker 3>as well, and I didn't particularly like my studies too much.

65
00:04:13.120 --> 00:04:14.800
<v Speaker 3>It was it was good that you kind of learned

66
00:04:14.960 --> 00:04:17.720
<v Speaker 3>how to sell yourself and how to talk, but I

67
00:04:17.759 --> 00:04:20.480
<v Speaker 3>also wanted to at some point then have some real skills,

68
00:04:20.879 --> 00:04:22.120
<v Speaker 3>and that's why on the side.

69
00:04:21.920 --> 00:04:23.399
<v Speaker 2>I also learned how to code.

70
00:04:23.879 --> 00:04:25.800
<v Speaker 3>I have to say, I'm not the best developer, so

71
00:04:25.879 --> 00:04:29.279
<v Speaker 3>I can't get things to work. But I'm very happy

72
00:04:29.279 --> 00:04:32.079
<v Speaker 3>that today have a team that does it a lot better.

73
00:04:31.879 --> 00:04:32.959
<v Speaker 2>Than when I can.

74
00:04:33.759 --> 00:04:37.279
<v Speaker 3>But very early in my studies, I founded the corporate startup,

75
00:04:38.439 --> 00:04:42.199
<v Speaker 3>which basically was a company that came to the university

76
00:04:42.519 --> 00:04:47.079
<v Speaker 3>and they had a challenge prepared for the students. So

77
00:04:47.160 --> 00:04:49.279
<v Speaker 3>what they did is I think they brought like twenty

78
00:04:49.279 --> 00:04:54.480
<v Speaker 3>people with twenty employees from that corporate, twenty students together

79
00:04:54.519 --> 00:04:58.360
<v Speaker 3>in one room and you had teams of fours always

80
00:04:58.439 --> 00:05:02.079
<v Speaker 3>two students and two people from the corporate and two

81
00:05:02.160 --> 00:05:06.000
<v Speaker 3>days of solving the challenge. And my team did quite well,

82
00:05:06.639 --> 00:05:09.279
<v Speaker 3>and I then gave a representation of what we did.

83
00:05:09.959 --> 00:05:11.680
<v Speaker 3>The corporate liked it a lot, and we're like, hey, Lucas,

84
00:05:11.800 --> 00:05:13.439
<v Speaker 3>would you like to help us on the project. I

85
00:05:13.519 --> 00:05:16.000
<v Speaker 3>was like, sure, let's do it didn't have much to lose,

86
00:05:16.040 --> 00:05:20.800
<v Speaker 3>and I was like eighteen nineteen years old. It actually

87
00:05:21.279 --> 00:05:24.079
<v Speaker 3>became quite successful in that in the corporate, and I

88
00:05:24.199 --> 00:05:26.319
<v Speaker 3>was very excited because we were supposed to get shares

89
00:05:26.319 --> 00:05:29.639
<v Speaker 3>as well and first handed sales. At some point we

90
00:05:29.720 --> 00:05:32.000
<v Speaker 3>had a webpap as well, and I was like curious.

91
00:05:32.040 --> 00:05:35.240
<v Speaker 3>I was like, sure, I learned hard the code A

92
00:05:35.279 --> 00:05:39.920
<v Speaker 3>bit can also build that WebP I suppose, and turned

93
00:05:39.959 --> 00:05:43.040
<v Speaker 3>out to work really well. I hold that corporate, but

94
00:05:43.279 --> 00:05:48.279
<v Speaker 3>unfortunately that corporate went into financial struggles which led to

95
00:05:48.600 --> 00:05:51.959
<v Speaker 3>the CEO being the CEO being fired. New CEO came

96
00:05:52.319 --> 00:05:57.040
<v Speaker 3>basically erased the entire board, and then it was decided

97
00:05:58.000 --> 00:06:06.439
<v Speaker 3>that all innovation projects that don't exist for more than

98
00:06:06.519 --> 00:06:09.680
<v Speaker 3>two years are going to be spinned into the company. Again,

99
00:06:10.560 --> 00:06:12.920
<v Speaker 3>not a spin off that I and also the team

100
00:06:13.000 --> 00:06:16.720
<v Speaker 3>was looking for, soa no shares. Instead, they offered me

101
00:06:17.600 --> 00:06:20.439
<v Speaker 3>quite a good compensation for that for that young age,

102
00:06:20.480 --> 00:06:22.480
<v Speaker 3>but I declined because I was like, no, I really

103
00:06:22.519 --> 00:06:25.040
<v Speaker 3>want to do my own stuff at that age.

104
00:06:25.439 --> 00:06:31.160
<v Speaker 2>And I then started to build web apps because I

105
00:06:31.800 --> 00:06:33.800
<v Speaker 2>enjoyed doing it. And when I was at the startup,

106
00:06:34.160 --> 00:06:35.279
<v Speaker 2>and then.

107
00:06:35.240 --> 00:06:39.439
<v Speaker 3>I stumbled upon something that I like JavaScript developers, it

108
00:06:39.560 --> 00:06:43.079
<v Speaker 3>must be familiar with it. Suppose the storybook tas one

109
00:06:43.120 --> 00:06:46.680
<v Speaker 3>of the most popular packages in the JavaScript.

110
00:06:46.240 --> 00:06:47.120
<v Speaker 2>Or React each system.

111
00:06:47.839 --> 00:06:50.800
<v Speaker 3>And at some point I then met today my C

112
00:06:51.160 --> 00:06:56.680
<v Speaker 3>my CTO and co found agains at basically the University

113
00:06:56.839 --> 00:07:00.319
<v Speaker 3>incubator and immediately clicked with quite a good connection, and

114
00:07:00.439 --> 00:07:02.959
<v Speaker 3>Yes told me about fluttery and YenS was super passionate

115
00:07:02.959 --> 00:07:06.079
<v Speaker 3>about flattery, basically predicted its going to be the Future's

116
00:07:06.079 --> 00:07:09.120
<v Speaker 3>gonna be huge, and I checked it out and I

117
00:07:09.279 --> 00:07:13.839
<v Speaker 3>was like, Yin's yeah, copy right, sounds sounds really interesting.

118
00:07:14.800 --> 00:07:16.680
<v Speaker 2>And then we started building Flutter apps.

119
00:07:17.279 --> 00:07:20.480
<v Speaker 3>And as I told you, I'm not the best developer,

120
00:07:21.120 --> 00:07:23.879
<v Speaker 3>so I always try to stick to the things I know.

121
00:07:25.000 --> 00:07:28.600
<v Speaker 2>And there was no storybook for Flutter, so we first

122
00:07:28.600 --> 00:07:30.439
<v Speaker 2>of all the build it just for ourselves.

123
00:07:30.920 --> 00:07:34.120
<v Speaker 3>And then at some point some of our web development

124
00:07:34.199 --> 00:07:36.480
<v Speaker 3>friends switched to Flutter as well, and they were like, hey,

125
00:07:36.560 --> 00:07:39.720
<v Speaker 3>lucas we build a storybook for flatter.

126
00:07:39.519 --> 00:07:42.720
<v Speaker 2>Can we share with us. We're like, sure, let's do it.

127
00:07:42.800 --> 00:07:45.839
<v Speaker 3>Let's oversource it, and we immediately build a Discord server

128
00:07:46.399 --> 00:07:49.399
<v Speaker 3>as well to support the few users that.

129
00:07:49.480 --> 00:07:51.279
<v Speaker 2>We thought we're gonna we're gonna get.

130
00:07:51.560 --> 00:07:53.800
<v Speaker 3>Pretty much overnight, people kept swarming in the server and

131
00:07:53.839 --> 00:07:56.879
<v Speaker 3>we were like, oh, okay, it's something that not only we.

132
00:07:57.000 --> 00:07:59.800
<v Speaker 2>Need, but that also other people are looking forward to

133
00:08:00.680 --> 00:08:00.920
<v Speaker 2>to have.

134
00:08:01.279 --> 00:08:07.319
<v Speaker 3>And then we started interviewing our discord server and asked them, Hey,

135
00:08:07.560 --> 00:08:08.199
<v Speaker 3>how would.

136
00:08:07.959 --> 00:08:10.439
<v Speaker 2>You like us to improve the product for you? And

137
00:08:11.639 --> 00:08:14.040
<v Speaker 2>I immediately also had the idea of.

138
00:08:15.519 --> 00:08:20.079
<v Speaker 3>Building something more than just this source package around it

139
00:08:20.439 --> 00:08:23.360
<v Speaker 3>because storybook for everyone that is not familiar with it,

140
00:08:24.000 --> 00:08:28.720
<v Speaker 3>it allows you to catalog all of your widgets from

141
00:08:28.759 --> 00:08:31.560
<v Speaker 3>your website and my overview, it allows you basically to

142
00:08:31.600 --> 00:08:35.200
<v Speaker 3>build your design system in code, and it's a great

143
00:08:35.200 --> 00:08:39.440
<v Speaker 3>developer tool, but it's also only developer tool, so it

144
00:08:39.519 --> 00:08:44.519
<v Speaker 3>doesn't allow any collaboration with designers product managers. Qtas is

145
00:08:44.559 --> 00:08:47.080
<v Speaker 3>basically only for developers, and I was looking for something

146
00:08:47.200 --> 00:08:51.399
<v Speaker 3>more holistically, and we interviewed the discord.

147
00:08:51.120 --> 00:08:55.080
<v Speaker 2>Server for it and they were like, yeah, amazing, do it.

148
00:08:55.919 --> 00:08:59.639
<v Speaker 3>And then around two years ago we decided to quit

149
00:08:59.639 --> 00:09:01.879
<v Speaker 3>our job do it full time and.

150
00:09:03.440 --> 00:09:08.679
<v Speaker 1>Here we are today, awesome Lucas, so glad I could

151
00:09:08.799 --> 00:09:12.600
<v Speaker 1>understand the entire story behind widget book. I knew you

152
00:09:12.679 --> 00:09:16.639
<v Speaker 1>were adventurous, Like I said, I mean amazing story. And

153
00:09:16.720 --> 00:09:18.240
<v Speaker 1>I was also going to ask you about, I mean,

154
00:09:18.279 --> 00:09:21.320
<v Speaker 1>how you found your co founder. You already answered that question.

155
00:09:21.600 --> 00:09:24.399
<v Speaker 1>So it's for two years since you started, now, twenty

156
00:09:24.559 --> 00:09:25.840
<v Speaker 1>twenty two since you started.

157
00:09:26.240 --> 00:09:27.600
<v Speaker 2>Yeah, yeah, exactly.

158
00:09:27.600 --> 00:09:30.000
<v Speaker 3>I mean the open source package is something that we

159
00:09:30.120 --> 00:09:35.000
<v Speaker 3>started around twenty twenty one already, but it wasn't full

160
00:09:35.039 --> 00:09:37.720
<v Speaker 3>time then, so back then we were still doing other

161
00:09:37.879 --> 00:09:42.120
<v Speaker 3>things on the side, and we then incorporated the company

162
00:09:42.360 --> 00:09:43.960
<v Speaker 3>in twenty two.

163
00:09:45.639 --> 00:09:49.799
<v Speaker 1>Great. So obviously you had a plan when you started

164
00:09:49.879 --> 00:09:53.080
<v Speaker 1>widget book, when you quitated jobs and jumped into this.

165
00:09:53.639 --> 00:09:56.840
<v Speaker 1>Has everything gone, asked per plan? Or how many times

166
00:09:56.879 --> 00:10:00.480
<v Speaker 1>have you had to start and stop and start art again?

167
00:10:03.639 --> 00:10:03.840
<v Speaker 2>Yeah?

168
00:10:03.840 --> 00:10:08.480
<v Speaker 3>I mean everyone is saying startup, it's like a roller coaster,

169
00:10:08.799 --> 00:10:15.039
<v Speaker 3>and I have to say, yeah, quite quite accurate. So

170
00:10:15.480 --> 00:10:19.279
<v Speaker 3>a lot of times. But the question is always, let's say,

171
00:10:19.600 --> 00:10:23.200
<v Speaker 3>how often you really have to throw anything away and

172
00:10:23.320 --> 00:10:29.159
<v Speaker 3>start fully fun scratch And fortunately, to that extent we

173
00:10:29.360 --> 00:10:32.759
<v Speaker 3>we didn't have to do it. But of course we

174
00:10:32.919 --> 00:10:36.279
<v Speaker 3>had a lot of stuff that we tried that didn't work,

175
00:10:37.080 --> 00:10:41.159
<v Speaker 3>but fortunately we had more stuff that that worked in

176
00:10:41.240 --> 00:10:41.519
<v Speaker 3>the end.

177
00:10:41.559 --> 00:10:45.759
<v Speaker 2>That's why I'm I'm still sitting here and it can

178
00:10:45.879 --> 00:10:49.399
<v Speaker 2>talk to you about which book but two.

179
00:10:51.080 --> 00:10:54.080
<v Speaker 3>In the end give you give you just uh some

180
00:10:54.279 --> 00:10:59.440
<v Speaker 3>examples for for us, for example, we we thought that

181
00:11:00.120 --> 00:11:06.480
<v Speaker 3>building the first paid version of widget books, so in

182
00:11:06.480 --> 00:11:09.200
<v Speaker 3>the end you also in the end you need to

183
00:11:09.799 --> 00:11:12.519
<v Speaker 3>have money to have food in your fridge and to

184
00:11:12.639 --> 00:11:15.399
<v Speaker 3>pay our rent, and building just an over source package

185
00:11:15.480 --> 00:11:17.360
<v Speaker 3>doesn't do the trick. And that's why for us it

186
00:11:17.440 --> 00:11:19.000
<v Speaker 3>was quite clear, okay, we have to come up with

187
00:11:19.039 --> 00:11:24.399
<v Speaker 3>a paid version of widget book. And what is quite

188
00:11:24.440 --> 00:11:27.519
<v Speaker 3>obvious to do for us is I mean, I already

189
00:11:27.559 --> 00:11:30.399
<v Speaker 3>told you you can build your own design system with

190
00:11:30.519 --> 00:11:33.679
<v Speaker 3>widget book, and you can just host the widget book

191
00:11:33.879 --> 00:11:39.440
<v Speaker 3>made accessible for everyone, so that also designers, create testers,

192
00:11:39.480 --> 00:11:41.720
<v Speaker 3>product managers, everyone can look at it.

193
00:11:42.000 --> 00:11:45.840
<v Speaker 2>And just hosting is something you can also easily do yourself.

194
00:11:46.840 --> 00:11:49.120
<v Speaker 3>And that's why we thought initially, okay, it might take

195
00:11:49.240 --> 00:11:54.279
<v Speaker 3>us quite long until we get the first revenue because

196
00:11:54.320 --> 00:11:57.240
<v Speaker 3>you can just host it yourself. But we very quickly

197
00:11:57.279 --> 00:11:59.720
<v Speaker 3>found out, okay, there are a lot of companies that

198
00:11:59.840 --> 00:12:02.519
<v Speaker 3>are just interested in hosting, they just don't want to

199
00:12:02.559 --> 00:12:06.159
<v Speaker 3>do it themselves. And that's why we were able to

200
00:12:06.919 --> 00:12:10.799
<v Speaker 3>capture some revenue a lot sooner than we expected, and

201
00:12:10.879 --> 00:12:13.600
<v Speaker 3>we were like, okay, great that to raise venture capital

202
00:12:13.840 --> 00:12:17.399
<v Speaker 3>and scaly immediately, and we did manage to raise venture

203
00:12:17.399 --> 00:12:23.320
<v Speaker 3>capital then quite quite soon basically to get to a

204
00:12:23.440 --> 00:12:27.480
<v Speaker 3>state where our customers were really happy with the cloud.

205
00:12:27.720 --> 00:12:30.360
<v Speaker 3>That then took a lot longer than we expected because

206
00:12:30.639 --> 00:12:35.360
<v Speaker 3>Justice hosting it's nice, but the current product so basically

207
00:12:35.759 --> 00:12:38.559
<v Speaker 3>now nearly two years in the future. Now the product

208
00:12:38.639 --> 00:12:40.679
<v Speaker 3>is great. Now our customers are really happy with it,

209
00:12:41.480 --> 00:12:45.600
<v Speaker 3>but it really took us some time to build the

210
00:12:45.720 --> 00:12:49.399
<v Speaker 3>features that our customers were actually looking for. And that's

211
00:12:49.399 --> 00:12:53.519
<v Speaker 3>why it's always kind of hard to predict. And so

212
00:12:53.759 --> 00:12:57.039
<v Speaker 3>whenever you're building something that didn't exist before, it's quite

213
00:12:57.039 --> 00:13:00.679
<v Speaker 3>difficult to predict how long will it take you to

214
00:13:00.799 --> 00:13:05.799
<v Speaker 3>build it versus if you're just building just now in

215
00:13:05.919 --> 00:13:10.600
<v Speaker 3>parenthesis here, if you're just building something that already just before,

216
00:13:10.600 --> 00:13:12.879
<v Speaker 3>if you're building just another app, and then you might

217
00:13:13.000 --> 00:13:15.519
<v Speaker 3>have the challenge of finding.

218
00:13:15.559 --> 00:13:16.519
<v Speaker 2>A better business model.

219
00:13:16.559 --> 00:13:19.279
<v Speaker 3>But for us, it was basically okay, the business model

220
00:13:19.279 --> 00:13:22.759
<v Speaker 3>is quite straightforward and also quite straightforward and finding customers

221
00:13:22.799 --> 00:13:25.840
<v Speaker 3>for it. It's really difficult to build it, and it

222
00:13:25.960 --> 00:13:26.679
<v Speaker 3>took longer.

223
00:13:26.519 --> 00:13:29.679
<v Speaker 2>Than expected for the Cloud awesome.

224
00:13:29.960 --> 00:13:34.120
<v Speaker 1>So you've talked a little bit about you know, mentor

225
00:13:34.240 --> 00:13:37.960
<v Speaker 1>funding so to speaks. I mean, what stage of the

226
00:13:38.120 --> 00:13:40.799
<v Speaker 1>company are you in two years in I mean, did

227
00:13:40.840 --> 00:13:43.679
<v Speaker 1>you have to bootstrap and start the company and you

228
00:13:43.799 --> 00:13:46.960
<v Speaker 1>found funding along the way. I mean, you know, for

229
00:13:47.120 --> 00:13:49.559
<v Speaker 1>those people who are listening to this, I mean, what

230
00:13:49.720 --> 00:13:53.440
<v Speaker 1>sort of help do you need at all with any funding?

231
00:13:53.720 --> 00:13:55.279
<v Speaker 1>Funding at all? Reading a stand right now.

232
00:13:58.120 --> 00:14:00.960
<v Speaker 2>So what we did, and.

233
00:14:02.559 --> 00:14:04.759
<v Speaker 3>That is something that is specific for the country that

234
00:14:04.840 --> 00:14:07.399
<v Speaker 3>we started in, but I'm quite sure also exists in

235
00:14:07.440 --> 00:14:08.039
<v Speaker 3>other countries.

236
00:14:08.320 --> 00:14:12.759
<v Speaker 2>In Germany, we can get government brands if.

237
00:14:12.720 --> 00:14:15.559
<v Speaker 3>You're if you're starting out as as a young entrepreneur,

238
00:14:15.639 --> 00:14:18.879
<v Speaker 3>well for us, for example, in German it's called Germany,

239
00:14:18.919 --> 00:14:25.279
<v Speaker 3>it's called the Exist Founders Grant, And basically you're writing

240
00:14:25.320 --> 00:14:30.480
<v Speaker 3>a business plan for the idea that you're having, and

241
00:14:31.039 --> 00:14:35.159
<v Speaker 3>then you're submitting it. It gets approved or rejected, and

242
00:14:35.639 --> 00:14:38.240
<v Speaker 3>then you have enough money to fill your fridge and

243
00:14:39.440 --> 00:14:40.039
<v Speaker 3>pay your rent.

244
00:14:40.240 --> 00:14:41.240
<v Speaker 2>But it's of course not.

245
00:14:41.320 --> 00:14:44.000
<v Speaker 3>Much money, so it doesn't get you any further than this.

246
00:14:44.480 --> 00:14:47.960
<v Speaker 3>But the great thing is if you're young, you don't

247
00:14:48.039 --> 00:14:53.159
<v Speaker 3>have much responsibilities. For me, for example, I didn't have children,

248
00:14:53.720 --> 00:14:56.840
<v Speaker 3>I didn't have a wife, I didn't have a mortgage

249
00:14:56.879 --> 00:14:59.440
<v Speaker 3>to pay, so it was it was good enough for me.

250
00:14:59.679 --> 00:15:04.600
<v Speaker 3>And then we basically had one year time so we

251
00:15:05.159 --> 00:15:09.399
<v Speaker 3>are three founders, and that grant allowed us to pay

252
00:15:09.440 --> 00:15:14.720
<v Speaker 3>ourselves a small salary and also to buy a MacBooks

253
00:15:15.399 --> 00:15:19.600
<v Speaker 3>with with with good performance to actually build a product

254
00:15:20.279 --> 00:15:22.879
<v Speaker 3>in a in a good enough way.

255
00:15:24.000 --> 00:15:28.240
<v Speaker 2>And that's how we started out. But as I said,

256
00:15:29.159 --> 00:15:30.879
<v Speaker 2>might be different for other countries.

257
00:15:32.240 --> 00:15:34.720
<v Speaker 1>Awesome, man. I'm also assuming you don't put too much

258
00:15:34.759 --> 00:15:36.840
<v Speaker 1>in your fridge either, so you have a lot less

259
00:15:36.960 --> 00:15:37.799
<v Speaker 1>to buy in your flesh.

260
00:15:39.320 --> 00:15:42.879
<v Speaker 3>Yeah, that's that's true, even though i'm as as you know,

261
00:15:43.679 --> 00:15:46.440
<v Speaker 3>I'm two meters tall or in a six feet six

262
00:15:46.559 --> 00:15:48.879
<v Speaker 3>so I actually have to eat a lot.

263
00:15:51.759 --> 00:15:54.320
<v Speaker 1>Awesome, So I know for a fact, Lucas, I mean

264
00:15:54.360 --> 00:15:57.399
<v Speaker 1>in the last two years, I mean, you know, you've

265
00:15:57.519 --> 00:16:01.120
<v Speaker 1>grown in confidence. Like you said, you know, you had

266
00:16:01.200 --> 00:16:05.360
<v Speaker 1>some stops and starts, and yesterday in floodat On your

267
00:16:05.399 --> 00:16:08.519
<v Speaker 1>presentation was a testament to your growth. You had three

268
00:16:08.679 --> 00:16:11.799
<v Speaker 1>live customers on the stage with you to talk about

269
00:16:12.440 --> 00:16:15.559
<v Speaker 1>how they're using bridget Book, the impact you had on

270
00:16:16.080 --> 00:16:19.840
<v Speaker 1>you know, their app development journey. Can you tell us

271
00:16:19.879 --> 00:16:23.480
<v Speaker 1>a little bit more about the growth you growth path

272
00:16:23.559 --> 00:16:26.919
<v Speaker 1>here on and what you're expecting to do before I

273
00:16:27.000 --> 00:16:27.960
<v Speaker 1>say the end of this year.

274
00:16:31.080 --> 00:16:32.200
<v Speaker 2>Yeah, happy, happy to share it.

275
00:16:32.320 --> 00:16:34.120
<v Speaker 3>So I mean, first of all, you talked about the

276
00:16:34.159 --> 00:16:40.960
<v Speaker 3>presentation yesterday, and anyone here that is building their own tool,

277
00:16:41.039 --> 00:16:44.519
<v Speaker 3>I can highly recommend when you're giving a presentation at

278
00:16:44.559 --> 00:16:49.799
<v Speaker 3>some conference, bring customer literary stage. It gives not only

279
00:16:49.879 --> 00:16:54.559
<v Speaker 3>you and your team a great confidence boost and quite

280
00:16:54.559 --> 00:17:01.679
<v Speaker 3>a proud moment, but it also shows other potential customers

281
00:17:01.759 --> 00:17:04.160
<v Speaker 3>in the audience that what you're building is quite legit.

282
00:17:05.240 --> 00:17:07.720
<v Speaker 3>Because you, as a founder of course always biased and

283
00:17:07.799 --> 00:17:09.720
<v Speaker 3>will always say, yeah, my product is great. I mean,

284
00:17:10.119 --> 00:17:11.880
<v Speaker 3>no founder will ever go to stations with like, yeah,

285
00:17:11.920 --> 00:17:15.200
<v Speaker 3>my product is ship don't don't use it. But when

286
00:17:15.240 --> 00:17:19.200
<v Speaker 3>customers are saying it outside is they basically they're not

287
00:17:19.359 --> 00:17:21.240
<v Speaker 3>paid to do so in the end they are paying

288
00:17:21.319 --> 00:17:24.920
<v Speaker 3>you for for for the product that is.

289
00:17:25.200 --> 00:17:29.759
<v Speaker 2>That is just more molegit. So quick tip here. But

290
00:17:30.119 --> 00:17:34.440
<v Speaker 2>other than that, I already.

291
00:17:34.400 --> 00:17:36.240
<v Speaker 3>Said that we have an open source package in the

292
00:17:36.319 --> 00:17:39.039
<v Speaker 3>core and our source package really made it in the

293
00:17:39.119 --> 00:17:45.759
<v Speaker 3>Flutter community. So our open source package is really popular.

294
00:17:46.079 --> 00:17:49.839
<v Speaker 3>So we have a few thousand companies that are using

295
00:17:50.160 --> 00:17:53.119
<v Speaker 3>the open source package to build their own design system,

296
00:17:53.240 --> 00:17:58.279
<v Speaker 3>and these are from the range from startups to enterprises.

297
00:17:58.880 --> 00:18:02.279
<v Speaker 3>Agencies do it as well. On every content the continent

298
00:18:02.319 --> 00:18:04.759
<v Speaker 3>and Wichi book is is being used so not only

299
00:18:04.759 --> 00:18:08.039
<v Speaker 3>in Europe, heavily in the US by big companies as well,

300
00:18:08.920 --> 00:18:13.839
<v Speaker 3>also in Asia, even in Africa. Basically every everywhere in

301
00:18:13.880 --> 00:18:16.880
<v Speaker 3>the world, whichibook is being used already in the over

302
00:18:16.960 --> 00:18:22.839
<v Speaker 3>source packet and then on the cloud. We also have

303
00:18:23.279 --> 00:18:27.400
<v Speaker 3>a lot of companies that already trust us there. And

304
00:18:27.680 --> 00:18:31.359
<v Speaker 3>the amazing thing here is in the past, which a

305
00:18:31.400 --> 00:18:34.920
<v Speaker 3>book was available in close beta, so you could sign

306
00:18:35.039 --> 00:18:37.720
<v Speaker 3>up for the access to wigi balalk Cloud, but you

307
00:18:37.799 --> 00:18:41.039
<v Speaker 3>had to answer eight questions and depending on how you

308
00:18:41.079 --> 00:18:45.240
<v Speaker 3>answer those questions, you either were allowed to already get

309
00:18:45.240 --> 00:18:49.839
<v Speaker 3>access to wigipook or not. And what Anthony mentioned, so

310
00:18:50.000 --> 00:18:56.400
<v Speaker 3>yesterday on stage I also could proudly announce that Wigi

311
00:18:56.440 --> 00:19:01.200
<v Speaker 3>book Cloud is now publicly generally available, so anyone can

312
00:19:01.279 --> 00:19:03.440
<v Speaker 3>now just go to the website, sign up for the

313
00:19:03.519 --> 00:19:06.799
<v Speaker 3>access to cloud and then sell on board and get

314
00:19:06.839 --> 00:19:09.240
<v Speaker 3>the excess. I mean, of course we're also happy to

315
00:19:09.319 --> 00:19:12.759
<v Speaker 3>help with democrats if you like, but no longer need it,

316
00:19:13.920 --> 00:19:18.319
<v Speaker 3>and that's why we're we will definitely see a lot

317
00:19:18.319 --> 00:19:21.759
<v Speaker 3>of growth now because a lot of companies that were not.

318
00:19:21.920 --> 00:19:24.920
<v Speaker 2>Able to try which Cloud in the past no fund we.

319
00:19:24.920 --> 00:19:29.440
<v Speaker 1>Can That is incredible. Yeah, I mean I could not

320
00:19:29.559 --> 00:19:32.039
<v Speaker 1>agree with you more about the fact that I mean,

321
00:19:32.079 --> 00:19:36.039
<v Speaker 1>you know you have a live customer testament on the stage.

322
00:19:36.079 --> 00:19:37.240
<v Speaker 1>I mean nothing can beat that.

323
00:19:37.599 --> 00:19:37.720
<v Speaker 2>Right.

324
00:19:37.880 --> 00:19:40.400
<v Speaker 1>You can put all you want within double quotes on

325
00:19:40.480 --> 00:19:45.359
<v Speaker 1>the website, but having them in front of your prospects

326
00:19:45.599 --> 00:19:49.119
<v Speaker 1>in the audience and saying here are my happy customers. Uh,

327
00:19:49.519 --> 00:19:54.960
<v Speaker 1>that is that is really nicely done. So great story locas.

328
00:19:55.039 --> 00:19:58.200
<v Speaker 1>I mean, obviously as a CEO, you continue to think

329
00:19:58.240 --> 00:20:02.119
<v Speaker 1>about not just today, You've got to think about what's tomorrow,

330
00:20:02.400 --> 00:20:04.880
<v Speaker 1>what's the next six months, what's the next two years,

331
00:20:04.960 --> 00:20:08.079
<v Speaker 1>three years? So with that in mind, I mean, what

332
00:20:08.279 --> 00:20:10.640
<v Speaker 1>keeps you up at night? I know you do a

333
00:20:10.720 --> 00:20:14.799
<v Speaker 1>lot of outdoors to relax, or what what keeps you

334
00:20:14.920 --> 00:20:16.480
<v Speaker 1>up at night to keep visiting book going?

335
00:20:20.920 --> 00:20:22.720
<v Speaker 2>Pretty much? What what doesn't keep you up at night?

336
00:20:22.839 --> 00:20:22.960
<v Speaker 1>Right?

337
00:20:23.480 --> 00:20:30.759
<v Speaker 3>So, in the end, as a as a CEO, you

338
00:20:31.480 --> 00:20:37.119
<v Speaker 3>like not everything is It's just nice because if you're

339
00:20:37.400 --> 00:20:41.599
<v Speaker 3>it's a regular employee, at some point at your day

340
00:20:41.799 --> 00:20:45.079
<v Speaker 3>you go home and then you can kind of turn

341
00:20:45.160 --> 00:20:47.400
<v Speaker 3>off your head, do something, do something else, and then

342
00:20:47.799 --> 00:20:48.359
<v Speaker 3>just come back.

343
00:20:48.279 --> 00:20:50.440
<v Speaker 2>To work and your your boss might tell you, Okay,

344
00:20:50.480 --> 00:20:52.079
<v Speaker 2>these are the priorities. You can work on them.

345
00:20:52.519 --> 00:20:59.240
<v Speaker 3>Fine, But if something doesn't work at Widget Book, ultimately

346
00:21:00.119 --> 00:21:05.920
<v Speaker 3>it's it's my responsibility. So I can never escalate something

347
00:21:07.519 --> 00:21:10.880
<v Speaker 3>to someone else. So I mean, the great thing is

348
00:21:10.960 --> 00:21:13.160
<v Speaker 3>that I have I have amazing co founders and that

349
00:21:13.319 --> 00:21:16.640
<v Speaker 3>have their own areas of responsibility. So for example, something

350
00:21:16.720 --> 00:21:19.559
<v Speaker 3>is broken in the product, again, this doesn't come to

351
00:21:19.640 --> 00:21:21.920
<v Speaker 3>me and it's like Lucas, you need to fix it.

352
00:21:22.000 --> 00:21:24.319
<v Speaker 3>So that's something that's good where I have the ends

353
00:21:25.079 --> 00:21:27.480
<v Speaker 3>on the on the on the technical side, or Julius

354
00:21:27.519 --> 00:21:33.920
<v Speaker 3>with with finance and illegal but if there's issues with customers,

355
00:21:33.960 --> 00:21:36.960
<v Speaker 3>with investors, those things that in the end could potentially

356
00:21:37.119 --> 00:21:42.160
<v Speaker 3>kill the company, I would say unfortunately, but also fortunately

357
00:21:42.640 --> 00:21:47.799
<v Speaker 3>my my responsibility. So I am in the end in UH,

358
00:21:48.440 --> 00:21:52.160
<v Speaker 3>in charge and can can just not say if the

359
00:21:52.240 --> 00:21:53.839
<v Speaker 3>if the house is burning, yeah I don't care.

360
00:21:54.119 --> 00:21:58.599
<v Speaker 2>I just go home that that doesn't work. And then

361
00:21:58.640 --> 00:22:01.680
<v Speaker 2>it's also a question of your or of your mindset.

362
00:22:01.720 --> 00:22:08.880
<v Speaker 2>How much UH do you care about about the the product,

363
00:22:09.400 --> 00:22:11.319
<v Speaker 2>the startup that you're building, how much are you caring

364
00:22:11.319 --> 00:22:11.920
<v Speaker 2>about your team?

365
00:22:12.559 --> 00:22:19.480
<v Speaker 3>And for me the past two years, I've basically done

366
00:22:19.640 --> 00:22:24.119
<v Speaker 3>done nothing else than than than building widget Book.

367
00:22:25.640 --> 00:22:29.799
<v Speaker 2>In the end, it's a huge time commitment that that

368
00:22:29.880 --> 00:22:34.559
<v Speaker 2>I've been having. And the people that are.

369
00:22:34.640 --> 00:22:39.640
<v Speaker 3>Working at the wigit Book also are really really close

370
00:22:39.680 --> 00:22:43.880
<v Speaker 3>to me. So these other people I've seen more than

371
00:22:43.920 --> 00:22:46.880
<v Speaker 3>anyone else in my in my life.

372
00:22:47.279 --> 00:22:51.759
<v Speaker 2>And I really really really want to make this work.

373
00:22:51.839 --> 00:22:54.799
<v Speaker 2>And fortunately we are. We're on a good path.

374
00:22:55.960 --> 00:22:59.319
<v Speaker 3>But there have also been times where I've got a

375
00:22:59.440 --> 00:23:04.799
<v Speaker 3>bit harder, and we also had to take difficult decisions

376
00:23:04.960 --> 00:23:09.960
<v Speaker 3>that were just necessary for for the business. So we

377
00:23:10.519 --> 00:23:13.839
<v Speaker 3>for example, also had to lay off employees where it

378
00:23:14.400 --> 00:23:15.119
<v Speaker 3>didn't work.

379
00:23:16.640 --> 00:23:18.240
<v Speaker 2>Culturely anymore.

380
00:23:18.319 --> 00:23:23.119
<v Speaker 3>And Lisa, of course decisions that are necessary, but that

381
00:23:23.240 --> 00:23:26.000
<v Speaker 3>are the decison that you don't want to take. You know,

382
00:23:26.160 --> 00:23:31.359
<v Speaker 3>it's crucial for the business, but I would much rather

383
00:23:32.240 --> 00:23:36.200
<v Speaker 3>have enjoyed, i don't know two to go for workout

384
00:23:36.839 --> 00:23:40.599
<v Speaker 3>or to or to go outdoors than having to lay

385
00:23:40.640 --> 00:23:41.960
<v Speaker 3>off an employee for example.

386
00:23:44.480 --> 00:23:47.559
<v Speaker 1>Yeah, So my next question was is going to build

387
00:23:47.599 --> 00:23:50.559
<v Speaker 1>on something you said, which is culture? Right, as a

388
00:23:51.000 --> 00:23:56.119
<v Speaker 1>super young entrepreneur and maybe with very little experience of

389
00:23:56.240 --> 00:24:00.200
<v Speaker 1>building the company, where did you draw inspiration from? What

390
00:24:00.440 --> 00:24:03.160
<v Speaker 1>sort of culture you wanted in the company? You know

391
00:24:03.319 --> 00:24:06.480
<v Speaker 1>how to keep everybody's moral high. And like you said,

392
00:24:06.519 --> 00:24:08.440
<v Speaker 1>I mean, if it's not a culture fit, I mean

393
00:24:08.640 --> 00:24:11.559
<v Speaker 1>you got to identify that quickly and fix that they

394
00:24:11.640 --> 00:24:15.440
<v Speaker 1>for it becomes a bigger problem. But I mean as

395
00:24:15.480 --> 00:24:18.079
<v Speaker 1>a CEO, I mean, what sort of culture did you

396
00:24:18.160 --> 00:24:19.079
<v Speaker 1>want to put together?

397
00:24:22.559 --> 00:24:26.319
<v Speaker 3>Yeah, so I think here you you don't get an

398
00:24:26.319 --> 00:24:29.279
<v Speaker 3>answer that that fits for for everyone. So I think

399
00:24:30.759 --> 00:24:34.160
<v Speaker 3>you just have to be authentic as a person and

400
00:24:34.640 --> 00:24:37.519
<v Speaker 3>in the end as a team. And so for for us,

401
00:24:37.599 --> 00:24:40.880
<v Speaker 3>for example, I mentioned I have I have two more

402
00:24:41.160 --> 00:24:45.279
<v Speaker 3>co founders, and I mentioned already is our CEO, and

403
00:24:45.359 --> 00:24:48.079
<v Speaker 3>then we also get Julius, and Julius and I already

404
00:24:48.160 --> 00:24:53.799
<v Speaker 3>know each other for what is it now, eight years,

405
00:24:54.039 --> 00:24:57.599
<v Speaker 3>So we basically started studying together the first day and

406
00:24:57.680 --> 00:25:01.480
<v Speaker 3>it immediately clicked. So we are very similar our personality wise.

407
00:25:02.920 --> 00:25:06.640
<v Speaker 3>With the ends it also clicked very very easily. So

408
00:25:07.000 --> 00:25:10.839
<v Speaker 3>we three get along really well. And for us it

409
00:25:11.039 --> 00:25:16.640
<v Speaker 3>was pretty much easy to work together personality wise, and

410
00:25:16.759 --> 00:25:19.440
<v Speaker 3>we were then just looking for people that are meeting

411
00:25:19.880 --> 00:25:24.160
<v Speaker 3>the same energy, shared the same values, and it was

412
00:25:24.240 --> 00:25:27.079
<v Speaker 3>something that was very important for us early on.

413
00:25:27.680 --> 00:25:28.839
<v Speaker 2>And then.

414
00:25:30.480 --> 00:25:34.079
<v Speaker 3>A heck, and that might be an unpopular opinion, especially

415
00:25:35.160 --> 00:25:40.480
<v Speaker 3>along a tech audience, but I really believe in having

416
00:25:40.759 --> 00:25:44.119
<v Speaker 3>the team in office, especially in the early days, it

417
00:25:44.319 --> 00:25:49.480
<v Speaker 3>just helps a lot. And for for us, for example,

418
00:25:49.599 --> 00:25:52.759
<v Speaker 3>we after we reste our funding ground, which took the

419
00:25:52.799 --> 00:25:56.039
<v Speaker 3>decision of moving with the company to another city, so

420
00:25:56.160 --> 00:25:58.599
<v Speaker 3>we are we started in a smaller city in Germany,

421
00:25:58.680 --> 00:26:00.079
<v Speaker 3>but then we moved with the company to build in

422
00:26:01.279 --> 00:26:03.079
<v Speaker 3>and the main reason was it really allowed us to

423
00:26:03.160 --> 00:26:06.240
<v Speaker 3>have the team on site because to to get the

424
00:26:06.319 --> 00:26:09.640
<v Speaker 3>best talent in the flatter community, we decided to also

425
00:26:09.720 --> 00:26:13.079
<v Speaker 3>hire from abroad and we brought together an amazing team and.

426
00:26:15.519 --> 00:26:16.519
<v Speaker 2>Brilin was just more.

427
00:26:16.440 --> 00:26:18.920
<v Speaker 3>Attractive there and then we had the chance to for

428
00:26:19.000 --> 00:26:21.839
<v Speaker 3>having the team on board. And what also helped a

429
00:26:21.880 --> 00:26:26.880
<v Speaker 3>lot is that we also hired people that we we

430
00:26:27.000 --> 00:26:29.839
<v Speaker 3>knew before or that wemainly knew before.

431
00:26:30.200 --> 00:26:31.160
<v Speaker 2>So by example, for.

432
00:26:31.200 --> 00:26:34.920
<v Speaker 3>Example, we got Aura, who is a good developer expert

433
00:26:34.960 --> 00:26:37.920
<v Speaker 3>for Flutter, has like twenty k follow us on Twitter,

434
00:26:38.119 --> 00:26:42.400
<v Speaker 3>so really a popular in the community as well, and

435
00:26:42.759 --> 00:26:46.000
<v Speaker 3>I knew her from a FATA conference, so I pretty

436
00:26:46.039 --> 00:26:47.920
<v Speaker 3>much how Anthony and we are talking about the photo

437
00:26:49.039 --> 00:26:51.319
<v Speaker 3>here right now. That's also I got to know Aura

438
00:26:51.720 --> 00:26:57.480
<v Speaker 3>and if you know the people already from some experiences before,

439
00:26:57.559 --> 00:27:00.480
<v Speaker 3>if you already had to beer with them, then you

440
00:27:00.720 --> 00:27:04.559
<v Speaker 3>might know immediately okay that can work or or can't work.

441
00:27:06.279 --> 00:27:10.960
<v Speaker 3>So that's why I would always suggest hiring people that

442
00:27:11.559 --> 00:27:16.279
<v Speaker 3>you know from some experiences before, or at least had

443
00:27:16.400 --> 00:27:20.440
<v Speaker 3>had recommendations from people that you know in trust, and

444
00:27:20.599 --> 00:27:23.880
<v Speaker 3>then try to spend as much time as possible in

445
00:27:24.039 --> 00:27:27.000
<v Speaker 3>person with these people, at least in the in the

446
00:27:27.079 --> 00:27:29.720
<v Speaker 3>early days, and at some point if the company's case,

447
00:27:30.119 --> 00:27:34.359
<v Speaker 3>of course go go even for remote but I think

448
00:27:34.400 --> 00:27:39.599
<v Speaker 3>having at least sometime with them in the office definitely helps.

449
00:27:41.279 --> 00:27:43.759
<v Speaker 1>That's awesome, Lucas. I mean, obviously you got to have

450
00:27:43.920 --> 00:27:47.680
<v Speaker 1>your own personality and h you know, your your own

451
00:27:48.039 --> 00:27:51.480
<v Speaker 1>stamp stamp on it that you are thinking. But at

452
00:27:51.480 --> 00:27:53.680
<v Speaker 1>the same time, I mean you've you've also used kind

453
00:27:53.720 --> 00:27:57.799
<v Speaker 1>of rule books so to speak, on taking some best

454
00:27:57.880 --> 00:28:01.559
<v Speaker 1>practices and using some people have known well in the

455
00:28:01.640 --> 00:28:04.960
<v Speaker 1>community and manly in one bone. So it's kind of

456
00:28:05.799 --> 00:28:08.839
<v Speaker 1>a number of best practices so to speak.

457
00:28:09.400 --> 00:28:09.640
<v Speaker 2>Good.

458
00:28:11.880 --> 00:28:14.559
<v Speaker 3>Yeah, And the one thing that I that I'd also

459
00:28:14.720 --> 00:28:19.480
<v Speaker 3>like to add is that especially if you're if you're

460
00:28:19.480 --> 00:28:22.960
<v Speaker 3>a first time founder and you're raising munchie capital.

461
00:28:23.359 --> 00:28:27.759
<v Speaker 2>I would really advise you to to not only go

462
00:28:28.000 --> 00:28:30.920
<v Speaker 2>for for the for the vcs, for the funds, but

463
00:28:31.039 --> 00:28:34.759
<v Speaker 2>also to the angel investors for your for your business

464
00:28:35.319 --> 00:28:38.720
<v Speaker 2>that can that can just help you with their with

465
00:28:38.839 --> 00:28:42.480
<v Speaker 2>their advice because these are experienced entrepreneurs, they really know

466
00:28:42.599 --> 00:28:45.839
<v Speaker 2>how to do stuff and and then build a close

467
00:28:45.880 --> 00:28:51.839
<v Speaker 2>relationship and with those investors. I mean when you select

468
00:28:51.920 --> 00:28:55.000
<v Speaker 2>them for your business, you already believe they could add

469
00:28:55.119 --> 00:28:58.119
<v Speaker 2>substantial value and you should of course challenge them before

470
00:28:58.160 --> 00:29:01.599
<v Speaker 2>they invest because they will be your ound for some time.

471
00:29:01.799 --> 00:29:05.240
<v Speaker 3>It's easy to it's difficult to get them out. That's

472
00:29:05.279 --> 00:29:09.599
<v Speaker 3>why do your diligence there on the investors. But as

473
00:29:09.759 --> 00:29:12.519
<v Speaker 3>long as you do it, they are there to help.

474
00:29:12.799 --> 00:29:17.359
<v Speaker 3>After After the investors, you know you're they are even

475
00:29:18.440 --> 00:29:23.160
<v Speaker 3>monetarily incentivized to help you, and that also helped is

476
00:29:23.240 --> 00:29:23.720
<v Speaker 3>helping us.

477
00:29:24.880 --> 00:29:28.079
<v Speaker 1>Yeah, you bring up a great point, Lucas. I mean,

478
00:29:28.119 --> 00:29:32.759
<v Speaker 1>you know we spoke about culture on your team. From

479
00:29:32.839 --> 00:29:35.160
<v Speaker 1>my experience in the startup world, I mean, the culture

480
00:29:35.240 --> 00:29:38.480
<v Speaker 1>is super important for your investor community as well. You know,

481
00:29:38.599 --> 00:29:41.640
<v Speaker 1>if you have the wrong mindset with your investor community,

482
00:29:42.160 --> 00:29:45.559
<v Speaker 1>that can totally derail your day. And your job as well,

483
00:29:46.119 --> 00:29:48.839
<v Speaker 1>So that's a that's a super important point. And then

484
00:29:49.519 --> 00:29:53.920
<v Speaker 1>so last question for you, Lucas, I mean you're I

485
00:29:53.960 --> 00:29:57.640
<v Speaker 1>mean I already mentioned you're a young entrepreneur. You already

486
00:29:57.720 --> 00:30:00.839
<v Speaker 1>have a given a bunch of not gets two people

487
00:30:00.920 --> 00:30:05.880
<v Speaker 1>as advice. But if there's folks in college or anyone

488
00:30:06.000 --> 00:30:08.880
<v Speaker 1>thinking of starting a company, anything else you'd like to

489
00:30:08.960 --> 00:30:12.640
<v Speaker 1>add in terms of advice before they jump in to

490
00:30:12.720 --> 00:30:17.000
<v Speaker 1>start a company, just do it.

491
00:30:17.480 --> 00:30:22.640
<v Speaker 3>So I think there it also depends on their personality.

492
00:30:22.720 --> 00:30:27.680
<v Speaker 3>So are there are people who are less or more

493
00:30:27.839 --> 00:30:33.880
<v Speaker 3>likely to overthink? And in the past I definitely try

494
00:30:33.960 --> 00:30:41.640
<v Speaker 3>to perfect things often and really try to always find

495
00:30:41.880 --> 00:30:44.680
<v Speaker 3>the best solution for something that's definitely not the way

496
00:30:44.720 --> 00:30:47.359
<v Speaker 3>to go. So unfortunately that changed and now I'm a

497
00:30:47.440 --> 00:30:50.599
<v Speaker 3>lot more like you know, eighty twenty So always twenty

498
00:30:50.640 --> 00:30:52.960
<v Speaker 3>percent effort can get eighty percent.

499
00:30:54.160 --> 00:30:57.039
<v Speaker 2>Done. I mean, of course there are situations where it

500
00:30:57.160 --> 00:31:00.440
<v Speaker 2>needs to be one hundred percent, but in the end,

501
00:31:00.519 --> 00:31:01.480
<v Speaker 2>you just need to try.

502
00:31:01.880 --> 00:31:08.039
<v Speaker 3>And in the end, if you fail with something, then

503
00:31:08.240 --> 00:31:10.839
<v Speaker 3>try to fail rather quickly because then you can just

504
00:31:10.880 --> 00:31:13.559
<v Speaker 3>stand up and try again. And the great thing is,

505
00:31:14.160 --> 00:31:16.480
<v Speaker 3>if you're young, you already had that you don't have

506
00:31:16.599 --> 00:31:19.079
<v Speaker 3>any responsibilities, So there's.

507
00:31:19.240 --> 00:31:22.559
<v Speaker 2>Like there's no drawback in founding when you're young.

508
00:31:22.839 --> 00:31:26.359
<v Speaker 3>So either it becomes successful and then you're already settled

509
00:31:26.559 --> 00:31:30.559
<v Speaker 3>very early in your life, or you and now in

510
00:31:30.640 --> 00:31:35.559
<v Speaker 3>parenthesis again you fail, but then you had a great experience. So,

511
00:31:36.119 --> 00:31:40.160
<v Speaker 3>especially if you're optimizing for for learning at a young age,

512
00:31:40.279 --> 00:31:44.319
<v Speaker 3>I think there's nothing else you can do to learn quicker,

513
00:31:44.759 --> 00:31:48.759
<v Speaker 3>and especially if you're if you managed to raise fastal capital,

514
00:31:48.920 --> 00:31:54.160
<v Speaker 3>you can learn from very experienced entrepreneurs then and also

515
00:31:54.519 --> 00:31:56.799
<v Speaker 3>usually startup founders support each.

516
00:31:56.680 --> 00:31:57.160
<v Speaker 2>Other a lot.

517
00:31:57.359 --> 00:32:02.160
<v Speaker 3>So I'm super happy and great full that I have

518
00:32:02.519 --> 00:32:09.279
<v Speaker 3>amazing other startup friends where we like very openly sharing everything.

519
00:32:09.720 --> 00:32:12.599
<v Speaker 3>And of course in the end, you always have to

520
00:32:13.680 --> 00:32:16.359
<v Speaker 3>keep in mind that it's a lot more likely to

521
00:32:16.440 --> 00:32:19.480
<v Speaker 3>fail than to than to really succeed with it.

522
00:32:20.559 --> 00:32:24.559
<v Speaker 2>So what then you just try again and uh And

523
00:32:25.839 --> 00:32:30.640
<v Speaker 2>in the end, I believe, if you're young, just do it.

524
00:32:33.799 --> 00:32:36.200
<v Speaker 1>That is so cool, Lucus. I mean, I I I

525
00:32:36.319 --> 00:32:38.200
<v Speaker 1>have to say, I kind of guessed you were going

526
00:32:38.279 --> 00:32:42.160
<v Speaker 1>to say just do it, just just knowing you, so

527
00:32:42.440 --> 00:32:45.640
<v Speaker 1>I kind of preempted that that was coming. But what

528
00:32:45.799 --> 00:32:48.799
<v Speaker 1>an awesome episode Lucas. Thanks so much for sharing all

529
00:32:48.880 --> 00:32:53.799
<v Speaker 1>your insights today with the community here. It's startups, they'll say,

530
00:32:54.279 --> 00:32:58.799
<v Speaker 1>I will always be sharing for widget book, and I'll

531
00:32:58.839 --> 00:33:01.599
<v Speaker 1>be sure to give of everyone the details of widget

532
00:33:01.640 --> 00:33:05.000
<v Speaker 1>books website how they can reach out to you. All

533
00:33:05.079 --> 00:33:08.319
<v Speaker 1>of that, thanks so much for joining us, and for

534
00:33:08.400 --> 00:33:10.799
<v Speaker 1>those of you listening, thanks so much for listening. Thank

535
00:33:10.880 --> 00:33:10.920
<v Speaker 1>you

536
00:33:26.359 --> 00:33:26.400
<v Speaker 2>M
