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Joe Lemay: How We Went From -$400k To A $50 Million Exit Selling Reusable Notebooks
In 2016, Joe Lemay's balance sheet for Rocketbook was -$400k, and no VC would touch him. Bootstrapping was his only option. After four years of sweat and tears, he and his co-founder, Jake, built the company to a +$50M exit. This is the story of Rocketbook.
Connect with Joe Lemay here: https://www.linkedin.com/in/lemayjoe/
Follow the host: https://twitter.com/shamusmadan
đ© Join The Dealroom: https://dealroompodcast.com/subscribe
(0:00) Introduction: Joe Lemay's journey and the conception of Rockabook
(4:24) Importance of Crowdfunding and the development of Rocket Book
(9:01) Joe's experience at the launch festival and meeting Jason Calacanis
(15:51) Innovative marketing strategies and launching a new product: The Rocket Book Core
(20:33) Overcoming technical and financial struggles in product development
(29:56) Advice to a younger self and strategies to grow sales and revenue
(36:54) Decision and process of selling the company to BIC
(45:45) The strategic importance of Rocketbook to BIC and building champions within the acquiring company
(49:37) Lessons learned from the acquisition and the best piece of advice Joe Lemay has received
(51:53) Wrapping up the interview with Joe Lemay
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By Shamus Madan
4.6
1717 ratings
In 2016, Joe Lemay's balance sheet for Rocketbook was -$400k, and no VC would touch him. Bootstrapping was his only option. After four years of sweat and tears, he and his co-founder, Jake, built the company to a +$50M exit. This is the story of Rocketbook.
Connect with Joe Lemay here: https://www.linkedin.com/in/lemayjoe/
Follow the host: https://twitter.com/shamusmadan
đ© Join The Dealroom: https://dealroompodcast.com/subscribe
(0:00) Introduction: Joe Lemay's journey and the conception of Rockabook
(4:24) Importance of Crowdfunding and the development of Rocket Book
(9:01) Joe's experience at the launch festival and meeting Jason Calacanis
(15:51) Innovative marketing strategies and launching a new product: The Rocket Book Core
(20:33) Overcoming technical and financial struggles in product development
(29:56) Advice to a younger self and strategies to grow sales and revenue
(36:54) Decision and process of selling the company to BIC
(45:45) The strategic importance of Rocketbook to BIC and building champions within the acquiring company
(49:37) Lessons learned from the acquisition and the best piece of advice Joe Lemay has received
(51:53) Wrapping up the interview with Joe Lemay
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