Startup COO Leaves after 500 Accelerator, Left with 1% Equity with Jules Hill Episode 183

Explicit content warning

03/04/16 • 18 min

SaaS Interviews with CEOs, Startups, Founders

Ep 183 Jules Hill, the analytics manager of the startup Windsor Circle . Listen as Nathan and Jules talk about the latter’s previous experiences as the COO of Cellbreaker.

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BioJules Hill was born in England, grew up in Mexico, and went to the U.S. for college. After graduating early from Kenan-Flagler business school he dedicated two years to the venture backed startup CellBreaker as COO.

Time Stamped Show Notes:

01:00 – Nathan’s introduction to today’s show
01:34 – Jules joins the show.
01:51 – CellBreaker had raised about 50K when Jules joined it full time.
02:38 – When he started, he got equity and pay, but it wasn’t much.
03:47 – He was paid 20K a year at the startup when he first started and he’d just bought a house.
05:02 – One of the milestones CellBreaker reached was getting accepted to the 500 startups programs in California which granted the business 100K.
06:19 – Jules gets paid as a reserve in the marine corp., rents out a room in his house, and does freelance jobs occasionally to make ends meet where he can.
07:00 – Nathan and Jules breaks down the money he’s made through each means.
08:31 – Jules left CellBreaker when the startup didn’t meet the milestones he thought they would. However, it was a valuable learning experience.
09:48 – Jules talks about the legal ramifications that slowed down CellBreaker’s progress.
10:55 – Jules possesses 1% equity in CellBreaker.
11:45 – Currently Jules works at a new startup called Windsor Circle. It helps retailers increase their customer lifetime value and customer retention.
12:23 – Jules is the analytics manager at the new startup.
13:25 – Jules is making significantly more than 20K
15:26 – Famous Five

Famous 5

Favorite Book?- The Visual Display of Quantitative Information by Tufte
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Google’s Ngram viewer
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— You’re always going to be able to make it work. Don’t be afraid to take risks. Ask yourself ‘what’s the worst that could happen?’

3 Key Points:

Being involved in extraneous legal matters will really bog down a business.
It can be a dilemma deciding between going to work for a well-established business or a startup straight out of school.
Making ends meet can be an eclectic task because there are a variety of ways to make money here and there.

Resources Mentioned:

Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
LinkedIn – Jules’s LinkedIn
Windsor Circle – Jules’s current business
CellBreaker – Jules’s previous business
The Visual Display of Quantitative Information – Jules’s favorite business book
Elon Musk – CEO Jules follows
Google’s Ngram viewer – Jules’s favorite online tool

Credits

Show Notes provided by

Ep 183 Jules Hill, the analytics manager of the startup Windsor Circle . Listen as Nathan and Jules talk about the latter’s previous experiences as the COO of Cellbreaker.

Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg

Time Stamped Show Notes:

01:00 – Nathan’s introduction to today’s show
01:34 – Jules joins the show.
01:51 – CellBreaker had raised about 50K when Jules joined it full time.
02:38 – When he started, he got equity and pay, but it wasn’t much.
03:47 – He was paid 20K a year at the startup when he first started and he’d just bought a house.
05:02 – One of the milestones CellBreaker reached was getting accepted to the 500 startups programs in California which granted the business 100K.
06:19 – Jules gets paid as a reserve in the marine corp., rents out a room in his house, and does freelance jobs occasionally to make ends meet where he can.
07:00 – Nathan and Jules breaks down the money he’s made through each means.
08:31 – Jules left CellBreaker when the startup didn’t meet the milestones he thought they would. However, it was a valuable learning experience.
09:48 – Jules talks about the legal ramifications that slowed down CellBreaker’s progress.
10:55 – Jules possesses 1% equity in CellBreaker.
11:45 – Currently Jules works at a new startup called Windsor Circle. It helps retailers increase their customer lifetime value and customer retention.
12:23 – Jules is the analytics manager at the new startup.
13:25 – Jules is making significantly more than 20K
15:26 – Famous Five

Famous 5

Favorite Book?- The Visual Display of Quantitative Information by Tufte
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Google’s Ngram viewer
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— You’re always going to be able to make it work. Don’t be afraid to take risks. Ask yourself ‘what’s the worst that could happen?’

3 Key Points:

Being involved in extraneous legal matters will really bog down a business.
It can be a dilemma deciding between going to work for a well-established business or a startup straight out of school.
Making ends meet can be an eclectic task because there are a variety of ways to make money here and there.

Resources Mentioned:

Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
LinkedIn – Jules’s LinkedIn
Windsor Circle – Jules’s current business
CellBreaker – Jules’s previous business
The Visual Display of Quantitative Information – Jules’s favorite business book
Elon Musk – CEO Jules follows
Google’s Ngram viewer – Jules’s favorite online tool

Credits

Show Notes provided by

Previous Episode

19 years old, in college, has sales, will she drop out with Lila Zimmerman Episode 182

Ep 182 Lila Zimmerman, the founder of Fresh Fit, and Fearless, dedicated to the promotion of healthy lifestyles. Listen as Nathan and Lila talk about

Bio Lila Zimmerman is a 19 year old college student from Boston, MA and is currently a sophomore at the University of Maryland. Her passion for health and fitness moved her to create an Instagram account to share her lifestyle.

Time Stamped Show Notes:

01:00 – Nathan’s introduction to today’s show
01:46 – Kristi joins the show.
02:13 – Kristi uses Instagram to market partner products and promote her e-book on healthy living.
02:46 – Kristi launched her Instagram account summer 2014. She got to a thousand followers in a year. And now she has 15K followers.
03:11 – Instagram pictures are popular through consistency, quality, good hashtags, and interacting/networking with other accounts.
03:42 – Lila talks about using Share for Share to grow her Instagram account.
04:54 – Traffic is directed from Lila’s Instagram bio to her website.
05:15 – Nathan talks about a useful bitly tip to track clicks from url’s.
06:31 – Writing her e-book took about 2 months and it costs 14.99$ to download. It’s sold 900$ worth of copies.
07:40 – Lila talks about what’s next for her as an entrepreneur – creating a new e-book.
09:00 – Lila would pursue her business full time if it generated 9K a month.
10:56 – Famous Five

Famous 5

Favorite Book?- Jab, Jab, Jab, Right Hook by Gary Vaynerchuk
What CEO do you follow?— Suja Juice
What is your favorite online tool?—IconoSquare
Do you get 8 hours of sleep?— Yes
If you could let your 15 year old self know one thing, what would it be?— Eventually you’ll find something you’re passionate about.

3 Key Points:

Popular Instagram posts possess consistency, high quality, good hashtags, and interact/network with other accounts.
Share for share is a good way to grow your social media account. Accounts with a similar target audience can both grow their audiences by mutually sharing a post.
You can track the number of clicks a bitly link has generated by adding a plus notation after the link.

Resources Mentioned:

Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Instagram – Lila’s Instagram
Fresh Fit Fearless – Lila’s website
Jab, Jab, Jab, Right Hook – Lila’s favorite business book
Suja Juice – Business Lila follows
IconoSquare – Lila’s favorite online tool

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The Top is FOR YOU if you are:

A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).

Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.

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Next Episode

My Company Was Just Acquired, Here's Whats Next with Nathan Latka

Ep 184 Heyo gets acquired, Nathan continues to tell-all about the selling of Heyo. In this part, he focuses on ‘due diligence’ and the business post-acquisition.

Time Stamped Show Notes:

00:00 – Nathan’s talks with Jim Risner, a co-CEO of Votigo.
01:30 – Nathan signed the LOI offered by Votigo.
01:53 – Jim talks about Votigo, a social marketing promotions platform.
03:22 – Nathan kept leverage and created a safety net by keeping Letters of Intent from other companies in case the signed deal with Votigo fell through during ‘due diligence.’
04:37 – Sue Zimmerman joins the show, one of Nathan’s first customers at Heyo.
06:41 – Nathan does The Top Podcast because he loves being out in front of people, not for the money.
07:38 – Joe Snider weighs in on what he thinks Nathan should do with his podcast now that Heyo is being sold.
08:56 – Autumn Beam of the Write Your Own Story podcast calls in.
10:05 – Nathan talks to Jim Risner about Heyo’s future post-acquisition – there are none to few changes planned.
11:09 – Nathan and Jim discuss red flags when it comes to business acquisition and due diligence.
12:40 – DJ Stephan, a highly accomplished entrepreneur and podcast listener calls in to advise Nathan.
15:03 – Nathan docu-signs the acquisition deal and sells Heyo.
18:29 – Get your mind in something, build it, hustle hard, ignore haters, and ride momentum to winning.
19:07 – What’s next for Nathan? Find out live on February 4th in his webinar.

3 Key Points:

While waiting on due diligence, Nathan kept leverage and created a safety net by keeping Letters of Intent from other companies in case the signed deal with Votigo fell through.
Entrepreneurs often have strong intuition or ‘gut feeling.’ Sometimes it’s wise to trust your instincts or to find out why you’re feeling a certain way.
Nathan’s signed the deal to sell Heyo! What’s next for him? Find out on his webinar launching on Feb. 4th.

Resources Mentioned:

Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Heyo – Contests, sweepstakes, and campaign landing pages.
Votigo – Social Marketing platform that acquired Heyo.
Write Your Own Story – Podcast by caller Autumn Beam
SkySlope – Caller D.J. Stephan’s business

Credits

Show Notes provided by Mallard Creatives

The Top is FOR YOU if you are:

A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)

STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)

An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)

The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).