Chapter
Building the Next Twitter: An Inside Look at Blab’s Failure
32:47 - 41:03 (08:16)
The founders of Blab aimed to build the next Twitter but failed to meet their goal due to the company's numerous software issues and the founders' diversion from the initial concept, leading to a decrease in user engagement and ultimately, the platform's shutdown.
Clips
The speaker is skeptical about the success and financial worth of internet marketers like Ty Lopez and Grant Cardone and questions their credibility compared to real startup professionals.
32:47 - 34:20 (01:33)
Summary
The speaker is skeptical about the success and financial worth of internet marketers like Ty Lopez and Grant Cardone and questions their credibility compared to real startup professionals.
ChapterBuilding the Next Twitter: An Inside Look at Blab’s Failure
EpisodeJohn Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More
PodcastMy First Million
The speaker gives their impression of the likely low percentage of equity that a company founder owns, assuming they sold the majority to venture capitalists, and asks a question about the Silicon Valley startup world.
34:21 - 36:09 (01:48)
Summary
The speaker gives their impression of the likely low percentage of equity that a company founder owns, assuming they sold the majority to venture capitalists, and asks a question about the Silicon Valley startup world.
ChapterBuilding the Next Twitter: An Inside Look at Blab’s Failure
EpisodeJohn Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More
PodcastMy First Million
In a startup exit, it is common to have about 50% dilution, and going public entails significant changes in business structure.
36:09 - 37:24 (01:14)
Summary
In a startup exit, it is common to have about 50% dilution, and going public entails significant changes in business structure. Moving to Puerto Rico can help avoid taxes on capital gains.
ChapterBuilding the Next Twitter: An Inside Look at Blab’s Failure
EpisodeJohn Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More
PodcastMy First Million
The founders of Blab discuss their initial goal of becoming a live streaming product like Twitter and how they eventually pivoted to enterprise solutions.
37:24 - 41:03 (03:39)
Summary
The founders of Blab discuss their initial goal of becoming a live streaming product like Twitter and how they eventually pivoted to enterprise solutions. They also discuss the potential benefits of bootstrapping a company and selling for a smaller percentage in order to have a greater ownership stake.