The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People 🎧🔥 Ep.498 ~ From 8-Figures to 9-Figures & Becoming Remote ~ Patrick Comer
Mar 31, 2021
In this engaging discussion, Patrick Comer, founder and CEO of Lucid, shares his journey from theater to tech entrepreneur. He reveals how he scaled Lucid to over $100M by transforming the market research landscape through a two-sided marketplace. Patrick discusses the importance of mindset shifts when scaling, his hiring philosophy centered on trust, and maintaining work-life balance. He also weighs the pros and cons of remote work and highlights lessons from the pandemic that shaped his leadership style, all while aiming to take Lucid to a billion-dollar valuation.
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From Theater To Tech Founder
- Patrick Comer moved from theater to tech after joining a dot-com startup and using his communication skills to pitch investors.
- He leveraged that early experience to work in B2B startups and later scale Lucid from New Orleans.
Market Research Needed A Digital Marketplace
- Patrick spotted market research as ripe for a programmatic marketplace similar to AdTech's evolution.
- He built Lucid to port marketplace and exchange concepts into research tech (ResTech).
Bootstrap With Smart Early Funding
- Raise early seed capital but use industry experience and relationships to drive fast initial revenue.
- Patrick used a small friends-and-angels raise and his Rolodex to reach $1.5M then $6M in year two.
