Unicorn Bakery - For the World's Most Ambitious Founders & Teams How does it feel to make a 100 million dollars with an exit? with GitHub and Gitbutler Founder Scott Chacon
Scott Chachon is one of the co-founders of GitHub, a developer platform that was sold to Microsoft for around 7.5 billion dollars.
We talk about the moment he found out about the sale to Microsoft, how much money he made from the sale and whether it made him happy.
He is now founding his third startup, Gitbutler, after investing 12 million of his own money in Chatterbug and has now decided to grow the company profitably without investment.
We talk about founding in Germany and Europe as opposed to the US and Scott explains why he is now founding in Germany for the second time.
What you learn:
- Milestone exit: How desirable is exit as a goal really?
- Customer retention: How hard is it to retain customers and what options, such as experiential approaches, are there?
- Team composition: What makes a high-performance team?
- Made in Germany: What are the pros and cons of setting up in Germany vs. the USA?
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EVERYTHING ABOUT UNICORN BAKERY:
Scott Chacon
LinkedIn: https://www.linkedin.com/in/schacon/
Gitbutler: https://gitbutler.com/
Merge: https://merge.berlin
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Marker:
(00:00:00) What changes when you finally get the 100 million dollar exit? ?
(00:06:20) Did you experience an exit-depression?
(00:11:03) 12 million personal investment in Chatterbug?
(00:15:04) What is your advice for founders to get to the "zero-to-one-effect"?
(00:23:01) Gitbutler: Product & Vision
(00:29:04) How did you build your third venture with all your experience?
(00:32:55) What does it take to make a developer tool successful?
(00:36:11) Was your product ready for a lot of attention when you got thousands of signups?
(00:39:03) What do non-technical-founders forget about that makes it harder for tech people to succeed in the company?
(00:42:26) Why is building from Germany great in some parts?
(00:55:44) Investors vs. Bootstrapping: What are your thoughts?
(01:00:14) How did you plan your runway?
(01:03:44) The Merge: The developers conference