Jordan Hansen, founder of Cobalt Intelligence, shares his unexpected path to becoming a SaaS entrepreneur. He discusses how his company automates verification for alternative lending using public data via API. Jordan reflects on the emotional shift from corporate life to self-employment and highlights the importance of community and mentorship from TinySeed. The conversation also touches on navigating product-market fit, the challenges of content creation, and why focusing on revenue over subscriber count is key for startup success.
Jordan Hansen's unexpected transition from engineer to SaaS entrepreneur emphasizes that personal interests can lead to substantial career opportunities.
The essential role of community and mentorship in Jordan's journey highlights how supportive networks can foster confidence and guide business growth.
Deep dives
The Accidental SaaS Journey
Jordan Hansen, the founder of Cobalt Intelligence, embarked on his entrepreneurial journey somewhat unintentionally. Initially working at Lenovo, Jordan was a senior engineer who created web scraping content as a hobby, not intending to launch a SaaS product. However, following a series of successful projects and public engagements showcasing his work, demand for his services increasingly led him towards building a software as a service (SaaS) company. This unexpected turn highlights how opportunities can arise from personal interests and hobbies, ultimately shaping one’s career path.
Understanding Cobalt Intelligence
Cobalt Intelligence provides APIs for business verification using Secretary of State data, aimed primarily at alternative lenders and financial entities. Rather than performing manual checks through government portals, clients can utilize Cobalt's automated system to quickly verify business legitimacy and financial histories. This service streamlines the lending process, allowing businesses to receive urgent financial support without the typical delays encountered at traditional banks. The automation of business verification can represent a significant efficiency boost for companies operating in environments where speed is crucial.
Growth Through Content Creation
Content marketing has played a pivotal role in the growth of Cobalt Intelligence, with Jordan utilizing blogs and YouTube videos to generate interest and attract customers. Initially, Jordan produced a mix of web scraping tutorials and software insights that garnered a modest audience. However, as the YouTube algorithm began favorably promoting his content, his subscriber count skyrocketed, although this new audience didn't align closely with his target market. Recognizing this mismatch, Jordan made the difficult decision to remove most of his earlier videos, focusing instead on content that better serves his business objectives.
Finding Community and Validation
Jordan's experience highlights the value of community and mentorship through programs like TinySeed, which he joined as he transitioned to full-time entrepreneurship. Initially feeling like an imposter in the software world, accessing a supportive network of peers helped reinforce his confidence and provided a space for discussing important business decisions. This community not only offered funding but also the reassurance that his product was viable, which proved essential for maintaining focus and pursuing growth during challenging times. The support of fellow founders and mentors enabled him to embrace his entrepreneurial identity and concentrate on building a successful business.
In episode 703, Rob Walling interviews Jordan Hansen, founder of Cobalt Intelligence. They dive into Jordan's unexpected journey into SaaS and the growth of his company, which specializes in business verification through API. Jordan reflects on quitting his job to pursue his startup and the benefits of community and mentorship he has received from TinySeed.
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Topics we cover:
2:30 – What does Cobalt Intelligence offer?
5:45 – Team scale, market, and business origins
9:55 – Starting YouTube and finding motivation to continually publish
13:27 – Working with a savings runway and applying to TinySeed
23:50 – Finding product-market fit
26:58 – Unlisting content to align with business goals
If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you!