#2 Scaling a SaaS business in a massive industry with Elizabeth Audette-Bourdeau

Capital Ventures

English - June 01, 2021 10:00 - 1 hour - 37.8 MB
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Previous Episode: 1 - Joel & Justyna - The business of creating lasting memories

Next Episode: 3 - The Next Evolution of Game Film with GameStrat founder and CEO Tunch Akkaya

Three Big Takeaways:

Create a business that solves a problem.When trying to build a talented team, focus on the vision/mission. Take bigger risks when you have less to lose. Even if you fail, you’ll learn a lot by trying to figure things out.

Other Takeaways for entrepreneurs:

2:20 A great example of starting a business to solve a problem.6:10 How Welbi aggregates data into information to create a community within a community.10:58 Elizabeth explains how much time Welbi saves on administrative tasks for recreation teams.14:50 Think big to build something scalable.17:28 Welbi’s competitive advantage - More than just analog to digital. 21:10 On choosing a name.23:33 How to compete with larger companies with more money for talent.33:00: When and why to pivot - Drill down on the problem you’re trying to solve.37:22: Why COVID eventually caused business to accelerate their technology adoption.39:20 How to find a technical co-founder.45:30 Why it is a good idea to take risks while you’re young.49:31 How a lifetime of playing sports helped Elizabeth in business.52:22 How Elizabeth refined her investor pitch. An easy thing to do, but most founders don't!