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The Startup Junkies Podcast

The Startup Junkies podcast is hosted by Jeff Amerine and the team at Startup Junkie. We’ll cover topics ranging from getting started, planning, growing your business, proving your concept, leadership, marketing, exit strategies and so much more. We’ll interview business owners, entrepreneurs, experts and people we think will bring value to our audience. Subscribe, and together we'll take your business to the next level.
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This is the Startup Junkies Podcast. These are the stories of the people that are afflicted with creating the next great products and services that are going to change lives - not just in America, but worldwide. We're going to tell the stories of the next great beer producer, products and apparel makers, and the stories of people that don't accept the status quo and that want to make things better. 

Welcome to the Startup Junkies Podcast.

Feb 15, 2021

Summary

Welcome back to another episode of the Startup Junkies podcast!  In this episode, Caleb Talley, Jeff Amerine, and Matthew Ward chat with James Hereford, co-founder and partner at Launch Factory.  James is originally from Ponca City, Oklahoma, and he graduated with an undergraduate degree from the University of Oklahoma before earning an MBA from Rice University.  Launch Factory is a venture studio that generates business ideas, pairs the ideas with founders, and provides the founders with the necessary tools to get the company off the ground.  James and the guys talk about the venture studio model, launching businesses, planning for an exit, and much more.  Thanks for listening!

 

Shownotes

(1:49) Introducing James Hereford and Launch Factory

(7:54) The venture studio model

(12:00) Recruiting founders

(16:29) Challenges with the scaling process

(21:59) What types of businesses is Launch Factory creating?

(23:54) Planning for an exit

(26:10) Advice for the younger self

(27:32) Wrap up

 

Links

Caleb Talley

Jeff Amerine

Matthew Ward

James Hereford 

Launch Factory 

 

Quotes

“We prioritize finding concepts that meet a certains et of business criteria.  So, you know, we want to see potential for a $100+ million exit.  We want to see fundable milestones within the first two years, because that 300k only gets you so far.  And so, whatever the concept is, we have to be sure that around month 12 or 15, we’re going to be able to hit a milestone that we can go and raise a seed round on.” (22:15)

Sponsored by Tiny Capital: https://www.tinycapital.com/

Tiny partners with founders to give them quick, straightforward exits that protect their team and culture. We’ll make an offer within a week, close the deal within a month, and keep your business operating for the long term. 

Get in touch at tinycapital.com/startupjunkies, and we’ll let you know within a couple of days.