The Foundr Podcast with Nathan Chan

506: I Ignored Investors and Built a $975M Company | Joe Thomas

Listen Later

An investor told Joe Thomas and his co-founders that they could exit to Salesforce for millions if they made their video recording software for sales teams. Thomas and his co-founder said no. Instead, they built Loom into a globally used tool with five million users in 230+ countries. In November of 2023, Atlassian acquired Loom for $975 million. Learn how Thomas trusted his gut and made Loom a must-have for the digital workforce. 

In this episode, you’ll learn: 

  • The 8-year overnight success story of building Loom  
  • Loom’s key differentiator in the market 
  • How to not bury the lede of your product market fit 
  • Why early-stage founders need to maximize their learnings
  • The value of a weekly Sunday dinner
  • About making a product customers will like and pay for
  • The product-led growth trap 
  • Why every 90 days are different as an entrepreneur 
  • How Thomas monetization Loom 
  • To create a max diff survey for product upselling
  • Choosing the uncertain path 
  • And much more product development advice…


    • Who do you want to see next on the podcast? Comment and let us know! And don't forget to leave us a 5-star review if you loved this episode.

    If you’re looking to start your own business, download our FREE 500 Winning Product Ideas Guide to kickstart your entrepreneurship dream. 

    Speak with our friendly course experts to get clarity on the next steps for your idea, business or career. You will get tailored insights from results achieved by our proven practitioners as well as thousands of students. Book a call now... 

    For more Foundr content, follow us on your favorite platform: 

    • Foundr.com
    • Instagram
    • YouTube
    • Facebook
    • X
    • LinkedIn
    • Magazine
      • ...more
      View all episodesView all episodes
      Download on the App Store
      The Foundr Podcast with Nathan ChanBy Foundr Media
      • 4.9
      • 4.9
      • 4.9
      • 4.9
      • 4.9

      4.9

      562 ratings

      More shows like The Foundr Podcast with Nathan Chan

      View all
      The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

      The Smart Passive Income Online Business and Blogging Podcast

      3,453 Listeners

      Entrepreneurs on Fire by John Lee Dumas of EOFire

      Entrepreneurs on Fire

      3,819 Listeners

      Shopify Masters by Shopify

      Shopify Masters

      380 Listeners

      The GaryVee Audio Experience by Gary Vaynerchuk

      The GaryVee Audio Experience

      16,800 Listeners

      Perpetual Traffic by Tier 11

      Perpetual Traffic

      748 Listeners

      Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

      Marketing School - Digital Marketing and Online Marketing Tips

      1,248 Listeners

      Noah Kagan Presents by Noah Kagan

      Noah Kagan Presents

      902 Listeners

      The Game with Alex Hormozi by Alex Hormozi

      The Game with Alex Hormozi

      4,274 Listeners

      My First Million by Hubspot Media

      My First Million

      2,598 Listeners

      The Startup Ideas Podcast by Greg Isenberg

      The Startup Ideas Podcast

      181 Listeners

      Female Founder World by Female Founder World

      Female Founder World

      97 Listeners

      Marketing Against The Grain by Hubspot Media

      Marketing Against The Grain

      345 Listeners

      Build with Leila Hormozi by Leila Hormozi

      Build with Leila Hormozi

      828 Listeners

      The Lazy CEO Podcast with Jane Lu by Jane Lu

      The Lazy CEO Podcast with Jane Lu

      6 Listeners

      Moneywise by Hampton

      Moneywise

      636 Listeners