"We knew we had to go out and raise money if we were going to go full time," he says. "The trickier thing was, okay, how do we actually raise some money when we don't know anything about venture capital? We have a full time job." He adds that the two of them felt like they could pay themselves a modest salary - much less than they were making at Adobe.
Michael Mignano is the creator of Anchor. He previously served as the Head of Talk for Spotify. Now, he serves as a partner at Lightspeed.
In this podcast, he talked about stories from his early days at Anchor, when you should sell, misconceptions about Spotify, and how he found Product Market Fit.
This episode is brought to you by My First Million. This is the podcast that I listen to and recommend whenever I want to learn more about business, technology, or the future. Sam Parr and Shaan Puri are hilarious, informative, and interesting. Check it out: https://link.chtbl.com/MFM?sid=Danny-Miranda