Check out the full story of how Jack and Rian built Clio to a $5B category killer and changed legal forever on YouTube and wherever you listen to your podcasts: https://t.co/ovPqW5P9KN.
And follow @TheTrueNorthPod, we're telling these stories so the next generation builds here π¨π¦
In 2008, @goclio's co-founder was so bored on a customer support call that he checked his spam folder for the first time in his life.
Inside: a cold email from a German angel investor that looked exactly like a Nigerian prince scam. It was from @chrija, offering to invest.
That email became Clio's $1M Series A. Christoph then introduced them to the Valley investors who led their Series B and Series C.
They've raised $2 billion since. Clio is worth $5 billion today.
Rian Gauvreau still calls it "probably the single most valuable act I've ever taken in my entire life."
He and @jack_newton tell the full story on the latest episode of @TheTrueNorthPod
We're trying with @TheTrueNorthPod, Evan.
We've travelled the country. Done over 75+ interviews with Canadian founders.
...And we're just getting started.
Check out our latest episode with @jack_newton who built @goclio to a $5B category killer from Burnaby, BC.
https://t.co/zzTseXIBMm
Really enjoyed doing @TheTrueNorthPod where we dig into the Clio journey, our AI transformation, the challenges of scaling in Canada, and what it takes to build a generational company.
@jack_newton@goclio Also on YouTube and wherever you listen to your podcasts: https://t.co/VstCpTQz1z.
Follow @TheTrueNorthPod, we're telling these stories so the next generation builds here π¨π¦
Two best friends from Edmonton swore off VCs, found their first investor in a spam folder, and built a $5 billion company from Burnaby, BC.
My conversation with @jack_newton and Rian Gauvreau, the founders of @goclio is live:
0:00 Intro
3:53 Would you build it here?
16:57 Capital will find you
20:50 Two idiots from Edmonton
32:02 Why doesn't Claude eat your lunch?
43:58 Four steps to the epiphany
49:37 Sell work, not software
55:09 The shoe company
1:03:18 The spam folder
1:10:44 From "f*** VCs" to $2 billion
1:17:05 The Sagrada FamΓlia
1:23:31 Prosperity is a choice
Follow @TheTrueNorthPod for more untold Canadian founder stories.
π Watch the full episode on YouTube (or wherever you listen to your podcasts): https://t.co/LLU6M9iJIn
π¨π¦ Subscribe & follow for more untold Canadian founder stories
Faire's first trade show (now a $5B business). A basement booth. The cheapest spot they could afford.
Co-founder Marcelo Cortes (@mescortes) describes it as "probably one of my worst times at the company."
A man points to a picture in their booth and asks what it is. Marcelo Cortes pitches it to him...
He responds: "It's my brand. Why are you selling it?!"
Marcelo: "Why don't you talk to my CEO? Max, come here."
While Max kept him talking, Marcelo and Daniele swapped the picture out under the table.
Four days, ten hours a day. Total sales: $3,500.
Everyone celebrates the billion-dollar success.
What people don't understand is that it takes a lot of 'disaster trade shows' to get there.
"Is AI going to kill engineering? Is the SaaS apocalypse real?"
@mescortes: "That's BS."
Marcelo is the co-founder and CTO of Faire, a $5.2B company he runs from Waterloo. Before that, he helped build Cash App for Jack Dorsey's Square.
His full answer:
"Claude is not going to kill engineering. It's changing engineering"
"You're not the one writing the code anymore. That first 10% of the job? It becomes 90% of the job."
"Engineers are going to keep being really important. If not more important than before."
The full conversation covers how AI is reshaping his engineering teams β and how Faire went from $3,500 in sales to billions. Link in the comments.
Follow @TheTrueNorthPod for more untold Canadian founder stories π¨π¦
π Watch the full episode on YouTube (or wherever you listen to your podcasts): https://t.co/j86YI64TYZ
π¨π¦ Subscribe & follow for more untold Canadian founder stories
Silicon Valley asked Marcelo Cortes (@mescortes) to move. Over and over.
He said no and built a $5.2 billion company from Waterloo instead.
Most Canadians have never heard his name. That changes today.
He co-founded @faire_wholesale with Max Rhodes (@MaxRhodesOK) and (@danieleperito). It's how hundreds of thousands of independent shops find the products on their shelves.
Every Canadian should know Marcelo's story, so we're telling it.
The full episode of @TheTrueNorthPod is LIVE.
It's the whole story: how a kid from outside SΓ£o Paulo got into Y Combinator and built a $5.2 billion company from Canada, and the exact playbook he used to do it.
Here's what you'll learn:
β How he built Cash App for Jack Dorsey at Square, then walked away from a fortune to start Faire
β The word he banned from Faire, and why retailers wouldn't talk to them until it was gone
β The one change that turned the entire business around
β 200% growth month over month, and the returns that buried the office
β Why he tells founders to raise the money: "You make very bad decisions if you are in a financially stressful situation"
β Why his co-founder calls him the engineer who disappears for a weekend and comes back with an impossible problem solved
β If he thinks AI will kill engineering
β What his wife, Adrienne, said when he quit Google, and why he says he wouldn't be here without her
Canada doesn't have an entrepreneur problem. It has a storytelling problem. Marcelo is $5.2 billion of proof.
ποΈ Follow @TheTrueNorthPod for more untold Canadian founder stories.
π¨π¦ Watch the full conversation β link in the first reply
Everyone says you can't build a real business in Canada.
12 founders are about to tell you why that's bulls***.
"There's a new phase of Canadian entrepreneurship that is loud and proud and f***ing bold."
- Harley Finkelstein, Shopify, Ottawa ($160B).
"Young, innovative folks have to stop thinking they have to leave Canada to be successful. They don't."
- Jeff Shiner, 1Password, Toronto ($6.8B).
"We could change our tax jurisdiction in a heartbeat. We choose to stay here."
- Mike Wessinger, PointClickCare, Mississauga ($5B).
(96% of his revenue is in the US. He stayed anyway.)
8 Canadian companies will cross $1B in revenue this year. Most people can't name three.
"What are you gonna do to make progress here?"
"It's all a choice. Just go out and do it."
Jack Newton, Clio, Burnaby ($5B).
It's time to stop complaining, take the lead, and make Canada the best place in the world to build.
ποΈ Follow @TheTrueNorthPod for untold Canadian founder stories
"THIS IS NEVER GOING TO WORK π."
That's what people told @jennaearnshaw while she was raising for @Wisedocsai...right before the AI explosion.
β "Going through one of our financing rounds, I remember getting no after no after no after no."
She kept going....
Wisedocs has now processed more than 130 million claims documents. Enterprise revenue is up 84x in two years.
β "The market catching up to that has been so reassuring that we made the right bet."
The lesson I've learned from Jenna and dozens of other founders?
As a founder, you're guaranteed one thing...A lot of no's.
What separates the winners from the losers?
The winners just don't stop.
Follow @TheTrueNorthPod for more untold stories from the founders building in Canada π¨π¦
-------
And a shout-out to Simple Ventures,
@rachelz_to, @lucyhargreaves4, @buildcanada
& @readthepeak for bringing the Built in Canada Awards to life.