Adam Guild is the co-founder and CEO at Owner, an online food ordering system for independent restaurants. Within a year, Owner went from being about to run out of money to having hundreds of customers. Last year, they raised a $33M Series B.
Adam’s entrepreneurial journey began as a teenager when he built a successful Minecraft server, which led him to drop out of high school to become a founder. His passion for helping small businesses was sparked by his mom’s struggles running a dog grooming shop, which led him to launch the early iteration of Owner.
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In today’s episode, we discuss:
- How working with a small business kickstarted Owner
- Adam’s unusual outbound strategy
- Why the pandemic accelerated Owner’s success
- How Owner’s pivot led to “hyperbolic” product-market fit
- The two qualities Adam looks for in new hires
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Referenced:
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Where to find Adam:
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Where to find Brett:
Where to find First Round Capital:
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Timestamps:
(00:00) Intro
(01:29) Adam’s first business
(04:15) The transition from Minecraft to Owner
(05:58) The dark side of the gaming industry
(14:20 Adam’s scrappy strategy to landing his first customers
(16:52) The COVID pivot
(21:31) The quest to find product-market fit
(30:53) What actually worked to get new customers
(36:03) Inside Owner’s explosive growth
(46:41) How Owner secured its crucial first round of funding
(53:34) The bet on going multi-product
(64:28) What Adam wishes he knew at 17
(76:22) Sales-led vs. product-led growth
