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

Simon Griffiths sat down for what he believed in and, it turned out, parking it on a toilet was an epic marketing win for a good cause.

Griffiths and the team behind Who Gives a Crap toilet paper employed a clever stunt in which they livestreamed their co-founder sitting on a toilet until they reached their crowdfunding goal, and it worked. The company gives half of its profits to charity to increase access to toilets and sanitation in developing countries.

But it takes more than a good cause and a good marketing ploy to have a successful crowdfunding campaign. The team also relied on thorough preparation and consistent messaging to blow away their goal.

Griffiths and his co-founder Jehan Ratnatunga did a first take on their video in January 2012, hoping to launch soon after. But they realized that it wasn’t quite what they wanted, so they went back and tried again, even taking the time to get advice from an ad firm in Melbourne.

The video wasn’t the only thing they had to prepare. The team wanted to be sure that their campaign would be a coherent, quality whole, and if that meant delaying the launch so that they would have time to refine things, that was OK.

“We thought we’d go live in February or March, and then it just kept on getting continuously pushed back, and then it wasn’t until July that the campaign did go live,” Griffiths says.

They were only working on the campaign part-time during the preparation phase, and it ended up taking six months for all of their ideas to come together in a way that they were happy with. Preparing an effective campaign isn’t like heating up a microwave dinner. It’s more like cooking a multi-course feast. It takes time.

In this episode you will learn:

  • What makes your campaign newsworthy and why people should care
  • How to make your campaign as shareable as possible
  • Why the first 24 hours are the most important in any crowdfunding campaign
  • Kickstarter or Indiegogo. How to pick the one that works for you
  • How to keep your message consistent across every media channels
  • & much more!
Direct download: FP119_Simon_Griff.mp3
Category:general -- posted at: 11:38pm AEST

The Canary team didn’t start their company with crowdfunding. In fact, they had been working on the idea for roughly a year before turning to Indiegogo.

“We decided that crowdfunding would be a great way for us to validate the market a little bit,” says Jon Troutman, co-founder of the company, which offers networked home security systems.

It took the team about a month and a half to plan and prepare the campaign, but Troutman notes that they had already developed a voice for their brand and a story for their product. They didn’t devote as much time to preparation as some campaigns because they could already picture the puzzle. They just had to fit the pieces together.

And getting users involved in the process would be key to doing so. After working on Canary for a whole year, they needed an outside view. “What we’re building is so much about filling a need for people, that it felt weird to go too far into product development without bringing more people into the process,” Troutman says.

One of the great things about crowdfunding is that it lets the market decide in real time whether or not to validate your idea. In Canary’s case, it did.

In this episode you will learn:

  • The right way to communicate your message to your audience
  • Where to go when you're looking for expert help
  • How to analyse the competition and what you can learn from doing so
  • What questions you need to ask yourself before you launch your campaign
  • How much time you need to devote to your campaign in order for it to be successful
  • & much more!
Direct download: FP118_Jon_Troutman.mp3
Category:general -- posted at: 6:59am AEST

A team of doctors and engineers wanted a safer alternative to Q-Tips, so they created it. By understanding where potential users were coming from and staying on point with the idea that their product could alleviate those pains, the Oto-Tip gained the funding it needed to go big.

The lesson from Oto-Tip is, before you start any crowdfunding campaign, you must know how your project will improve people’s lives, and you must explain it in a way that resonates emotionally with potential backers. In this week's episode, Lily Truong, co-founder of Oto-Tip and manager of its crowdfunding campaign, explains how they did it.

“My key question I wanted to ask myself was … ‘Why would someone need this? Why would backers resonate with the story? What pain point are you really solving?’” Crowdfunding campaigns can reach their goals when they offer a clear way to deal with common struggles people experience.

In the case of Truong’s campaign, Q-tips, cotton swabs, ear sticks, they all shove wax deeper into your ear, make you itch, and can even puncture your eardrum. The Oto-Tip offers another, far less irritating approach to earwax.

It all goes back to that pitch: Look, there’s a problem, but here’s a way to fix it. Find out how your own campaign can tap into people’s emotions and offer a solution.

In this episode you will learn:

  • The importance of getting feedback before you even entertain the thought of crowdfunding something
  • How to figure out the best media platforms to reach your audience
  • Why you need a strong story and how to create one that works for you
  • The good, the bad, and the ugly when working with PR firms
  • Awesome hacks you can do with LinkedIn to boost your Kickstarter campaign
  • & much more!
Direct download: FP117_Lily_Truong.mp3
Category:general -- posted at: 5:26am AEST

The problem Eskil Nordhaug wanted to solve for people was simple. Videos taken with smartphones or small cameras are notoriously shaky.

So he simply looked at the needs. He asked himself what it would take to build a company selling a mechanical video stabilizer that exceeded expectations—the kind of product consumers needed, the amount of money he would need, the coverage help press outlets needed, the info his project page would need. 

The result was StayblCam, and it was precisely this needs-focused approach that led to a smash-hit Kickstarter campaign and the successful company that followed.

Nordhaug says that the same principle can guide the way for any great crowdfunding campaign. “The most successful ones, generally speaking, are the ones that, there’s a need for it,” he says. “It solves a problem. It’s not just some fancy, weird thing that’s made for the sake of being made.”

Crowdfunding appeals to ordinary people with limited funds, so they can’t back every project that breezes by. When people see your product, you don’t want them to shrug and think it’s neat. You want them to whip out their credit card and ask, “When can I get one?” If your product solves a problem that’s long-pestered people, they’re likely to do that.

Don’t make something that people will want in on—make something that people need in on. Nordhaug shared with Foundr this golden piece of advice, and so many more related to running a successful fundraising campaign.

“It’s about creating value for users,” Nordhaug says.

In this episode you will learn:

  • Why you need to start working on your campaign months before you even launch
  • The correct way to figure out what funding goal you should aim for
  • The best way to contact press outlets and start getting media mentions
  • Paids ads. How and why you should use them
  • What a great Kickstarter landing page looks like
  • & much more!
Direct download: FP116_Eskil_Nordhaug.mp3
Category:general -- posted at: 6:57am AEST

There's a common thread in a lot of entrepreneurs' stories: They were facing a problem, couldn't find the solution they were looking for, so went ahead and built it themselves.

That's exactly what Derek Flanzraich did when he started Greatist, a digital media startup that's all about health and fitness, without all the fluff and in-your-face marketing. As someone who has struggled with his weight his entire life, Flanzraich wanted to find a brand that would talk to him on a personal level and not as another client.

Frustrated by the fact that the world was becoming more health conscious, yet at the time seemed to be more interested in shaming those who wanted to get in shape, Flanzraich set out to stake his own claim in an oversaturated market. The key difference, though, was that instead of making his audience feel bad, he would make them feel welcome.

"It wasn't actually about the quality of what we're doing, which we felt that was gonna be best in class or whatever. It was actually the voice that really stuck out," Flanzraich says.

It was a simple change in language, but its message connected with an underserved audience that would eventually translate into 10 million unique visitors every month.

In an era where it seems like every media company is striving for page views above all else, and pumping out nothing but clickbait articles with little substance in order to attract them, Greatist takes a different approach.

"We don't think quantity is a metric that matters. Just like I don't think, increasingly, uniques and page views is a metric that matters. All of these things can be gained and aren't inherently valuable on their own," he says.

Greatist is now one of the world's most trusted brands when it comes to anything about health, fitness, and happiness. It's commitment to keeping a friendly and personal tone in all of its content has resonated with millennials throughout the world. With such a commitment to quality over quantity over everything else, Flanzraich has built from the ground up the kind of branding and engagement that most companies would kill for.

In this episode you will learn:

  • Why you'll never be ready to be an entrepreneur, and why that's okay
  • How to find a voice and tone that resonates with your audience
  • How to calculate your long-term brand value
  • Flanzraich's unique approach to content and how it holds up against the SEO-focused practices of others
  • What it means to build a powerhouse brand and how to do it
  • & much more!
Direct download: FP115_Derek_Flanzraich.mp3
Category:general -- posted at: 8:43am AEST

When you think about wine, you most likely imagine stern-faced sommeliers, or parties where tuxedos and hors d'oeuvres on silver platters are the norm.

Michael Houlihan and Bonnie Harvey do not fit the stereotype. You probably wouldn't even expect them to be wine-lovers, let alone the co-founders of Barefoot Wine, the largest wine brand in the world. But according to them, the reason they're so successful is precisely because they knew nothing about the industry going in.

Houlihan and Harvey never planned on going into the wine business, but when the opportunity presented itself, they jumped on it.

"If we had known then what we know now, there would be no Barefoot Wine. It's now the largest wine brand in the world, but it would not exist if we had a clue," Houlihan says.

Not having a clue turned out to be their secret ingredient. Instead of being influenced by years of tradition and trying to fit the mold of the wine industry, they decided to do something different and make wine fun and accessible to the average person.

Despite the backlash and criticism they received, despite the fact that they had no established brand or marketing presence, they found a strategy that led them to become one of the fastest-growing wine brands in the nation. To make it even more impressive, it was all achieved without paid advertising.

"It was by contributing to the community, by supporting the same issues that our shoppers were interested in, that we were able to sell our product. Because we weren't paying for advertising, this became our form of advertising. It's what we called 'Worthy Cause Marketing,' and that's what we used throughout the nation when we started to spread the word and grow and expand," Harvey says.

Barefoot Wine has come a long way since its inception in 1986, when Houlihan and Harvey naively thought they would make a profit within four years. Now they're a little older and a little wiser, but they still possess that lively spark that led them to create one of the most popular wine brands in the world.

In this episode, you will learn:

  • Why ignorance and naiveté might be your strongest weapons in disrupting an industry
  • What "Worthy Cause Marketing" is and how you can use it to build your brand
  • The painful lessons in logistics and distribution Houlihan and Harvey had to learn from selling a physical product
  • Where to go to learn the lessons you need to succeed
  • How to stay true to your vision and not let anyone else hold you back
  • & much more!
Direct download: FP114_Michael_Houlihan.mp3
Category:general -- posted at: 5:28am AEST

When Zipcar first started it was nothing more than a green Volkswagen beetle named "Betsy." It was parked outside of Robin Chase's house and the key was hidden underneath a pillow on her porch. Inside the glove box was a piece of paper where you would write down the time you rented the car and the time you brought it back. That was it.

These days, Zipcar is the largest car sharing service in the world, with more than 13,000 cars spread across almost every major city in the world.

The first time Chase encountered her idea with Zipcar was when her co-founder came back from a vacation in Berlin. Among her many stories about her vacation, she told Chase about a peculiar business she had witnessed where she saw multiple people sharing a single car. Taken with the idea, Chase immediately began setting out to build a better version.

"It's an idea that we didn't even invent. We just executed it way better than other people," Chase says.

Zipcar launched within six months, with a founder who was a mother of three and had no technical experience. It was 1996, when the internet was still new and very different from what we know today. Nevertheless, Chase was determined to make her startup a reality.

We had the pleasure to speak with Robin Chase about her incredible journey as an entrepreneur, a disruptor and a world-changer, and all the lessons she learned in her inspiring career.

In this interview, you will learn:

  • What it means to create a true minimum viable product to validate your idea
  • Why the best ideas come from solving your own problems
  • Advice on who to hire when you're a struggling startup
  • What qualities you should be looking for when bringing in new people to your team
  • The importance of user feedback and always listening to your customer
  • & much more!
Direct download: FP113_Robin_Chase.mp3
Category:general -- posted at: 4:42am AEST

Casey Fenton, like many of us in our 20s, wasn't entirely sure where he would go in life.

Growing up in a small town in Maine, he started to think about this entire world that existed beyond the borders of his hometown, and all the experiences he had yet to have. One thing he knew for sure was that his small hometown wasn't going to be offering him any of the new experiences he was looking for.

"That got me to start buying random plane tickets to anywhere in the world," he says.

From there it was traveling from place to place, mingling with locals and getting a backstage pass to the world's greatest cities. It was then that Fenton formed an idea for a business that would end up spanning the globe.

Today, Couchsurfing.com has more than 10 million members in over 20,000 cities around the world. When it launched in 2003, Couchsurfing was a revolutionary concept. It was one of the first businesses to truly harness the power of a sharing economy. Instead of spending money at hotels and backpacker hostels, travelers were instead offered a choice to stay in the homes of hospitable locals free of charge.

Since then, Fenton's business model has been replicated a thousand times over by the likes of Uber and Airbnb, just to name a few.

We had the chance to talk with Fenton about his entrepreneurial journey, starting with being a backpacker to becoming the founder of a multimillion-dollar company with a reach that spans every corner of the globe.

In this interview you'll learn:

  • How to go through the hardships of starting your own business
  • How to figure out which tasks to delegate and which tasks you need to prioritize as a leader
  • Tips on creating and maintaining a massive and engaged community
  • How to build an international reputation that people trust
  • The most powerful drivers that'll get you to scale your business
  • & much more!
Direct download: FP112_Casey_Fenton.mp3
Category:general -- posted at: 5:44am AEST

For most entrepreneurs, the real test isn't whether or not you can grow a successful business, but how well you can bounce back from failure. For some, this will prove to be too much and they'll hang up the gloves and never try again. For the true entrepreneurs, though, they'll find a way to jump back into the ring no matter what.

That is exactly what Eugene Woo, co-founder of Venngage, did.

“I had like a taste of failure, but I still went ahead anyway and did it again,” Woo says.

After his first startup went under, Woo found himself back in the corporate world feeling like a failure. Despite it all though, he dusted himself off, took it all as a learning experience and refused to give up.

Armed with nothing but a nagging idea about helping job applicants by turning their resumes into beautiful infographics, Woo went ahead and pitched his idea at Startup Weekend in Toronto and, to his surprise, he won. One thing led to another and he found himself quitting his job once again to work on his startup full time.

The startup known as Visiualize.me blew up, getting featured in places like Mashable and Tech Crunch and gaining more than 200,000 signups before the product was even properly released.

But, once again, it was anything but smooth sailing for Woo.

“I made a lot of the classic mistakes. One of the main ones was I started a company with people I didn’t know very well.”

Within a few months, founders started leaving the company, with one even refusing to turn up to an interview with Y Combinator and leaving shortly after. Stung by failure again, Woo didn't know what to do and ended up selling his company. Despite it all, he knew he had a good idea on his hands. He charged right back into the startup world, this time with Venngage, a tool that allows you to easily make your own infographics, and armed with lessons he learned from his previous failures, he was determined to make Venngage a success.

Today, Venngage has tripled in size with over a thousand new leads to their site every day, and over half a million users per month.

We talk with Woo about the invaluable lessons he learned on his journey to success and ask him to share his best advice on how entrepreneurs can overcome their fear of failure, and the best marketing tactics to quickly grow your startup.

In this episode you will learn:

  • How to know when to give up or keep on going with your startup
  • Why so many startups are doing content marketing wrong
  • The secret to getting your company to start ranking high in SEO as soon as possible
  • How and why you should do blogger outreach
  • What the most important metrics are for growing your brand's exposure and visibility
  • & much more!
Direct download: FP111_Eugene_Woo.mp3
Category:general -- posted at: 2:28pm AEST

Every morning of every day, Sujan Patel starts his day by getting out all of his creative energy onto paper.

The process is relatively simple. He starts by recording himself talking about whatever topic he wants to write about as a way to order his thoughts. He'll then send this recording to a transcriptionist and when he gets it back he'll spend around an hour cranking out a 1,500-2,000 word blog post. For Sujan, this is the secret to being one of the world's best and most prolific content marketers today.

Just 10 years ago, content marketing just wasn't a thing. Sure, blogs existed but they were rarely used in marketing. Today, content marketing is one of the go-to strategies for businesses everywhere. But with everyone eagerly jumping onto the content marketing bandwagon, simply having a high-quality blog just doesn't cut it anymore.

In order to really harness the power of content marketing and see some tangible results, you're going to need a little out-of-the-box thinking.

"Everyone's writing content for their customers, their existing customers, or who they think their customers are. What I like to do is, I don't even talk about any of that stuff. I talk about content circles. And what a content circles is, is [the] content that circles your industry."

As the founder of ContentMarketer.io, the ultimate tool for content marketers, Sujan is one of the most knowledgable people around, and he shared a ton of his wisdom on the subject with us.

In this week's episode you will learn:

  • The best way to generate ideas for articles that your audience will love
  • Just why content marketing is so powerful and why everyone is using it
  • How to create content that generates you leads and customers
  • What to do when you find yourself with writer's block
  • How you too can start writing for places like Forbes, Inc. and Fast Company
  • & much more!
Direct download: FP110_Sujan_Patel.mp3
Category:general -- posted at: 4:17am AEST