Growth Mindset: Navigating the Path to Entrepreneurial Success with Matt Mullenweg
Jun 7, 2023
48:09
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Quick takeaways
WordPress powers 40% of websites, founded on open-source ideals, shaping online content creation.
Matt Mullenweg's growth mindset and coaching emphasize continuous learning, embracing challenges for personal and organizational progress.
Deep dives
Matt Mullenweg's Journey with WordPress
Matt Mullenweg recounts the story of how he created WordPress at 19, emphasizing the pivotal moment where a mere comment on his blog sparked the inception of what is now a cornerstone of the internet, powering 40% of websites. The power of the open-source software model in democratizing the internet is highlighted as WordPress continues to shape online content creation.
The Evolution from Blog to Billion-Dollar Business
Matt delves into the organic growth of WordPress from a passion project to a multi-billion-dollar business without a defined revenue model. The focus on customer-centricity and user feedback, rooted in personal connections and solving real problems for individuals, underlines the essence of WordPress's success.
Unleashing the Power of Open Source Software
The concept and significance of open-source software are explored, shedding light on the fundamental freedoms it provides: the ability to use, see, modify, and redistribute software. Through the example of WordPress, Matt illustrates how leveraging existing open-source code laid the foundation for creating a robust and adaptable platform.
The Impact of Coaching and Growth Mindset
Matt discusses the pivotal role of coaching in his personal and professional development, underscoring the importance of continuous learning and growth mindset. Through thoughtful reflection, deliberate practice, and seeking mentors, he highlights the significance of embracing challenges and sharpening skills to drive individual and organizational progress.
On this week’s episode, WHOOP Founder and CEO Will Ahmed is joined by Matt Mullenweg the founder and developer of WordPress, the web platform powering over 40% of the sites on the internet. As the founder and CEO of Automattic, Matt is working to democratize publishing and commerce. Automattic is structured like a holding company, currently valued at over $7.5 billion, and is behind brands like WordPress.com, Tumblr, WooCommerce, Jetpack, Longreads and more. Will and Matt discuss how Matt started WordPress and his passion for open source software (3:05), what open source software is (9:20), creating an open ecosystem on the web (13:25), Matt’s early days as an entrepreneur trying to grow a business (17:40), the WordPress interview process (25:25), developing a growth mindset (32:20), managing stress and creating mental clarity (34:05), how Matt found WHOOP and the power of an executive coach (39:55), and Matt’s approach to a day-to-day routine (44:15).