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Back to Dave Schappell on raising venture capital as a repeat entrepreneur, with Dave Schappell.

How Did Dave Schappell Choose MyPerfectColor?

Dave wrote down what he wanted to work on, being brutally honest about it with himself. Dave wanted to work on a real product, with real margins and real customers. Working with a friend was a plus too. Jason's company fit in the criteria.

Transcript

Dave Schappell on raising venture capital as a repeat entrepreneur ·

Kruze Consulting's Founders and Friends Podcast for Startups

More from this episode

  1. How Did TeachStreet's Sale Work Out for Dave Schappell?TeachStreet got acquired by Amazon, and although the deal was the smallest on paper at the time of acquisition, Amazon stock grew 10x, making the outcome very…
  2. How Did Dave Schappell Start on His Entrepreneurial JourneyOnce upon a time, Dave Schappell was an accountant.
  3. What Makes Amazon an Unstoppable CompanyJeff Bezos is willing to invest in big ideas for the long run.
  4. What Makes MyPerfectColor a Unique Business OpportunityMyPerfectColor.com is in the business of serving B2B consumer with exact match paint colors for enterprise.
  5. Are There Any Competitors to MyPerfectColor.comMyPerfectColor.com does not have any competitors because they are building an entirely new category of business.
  6. What Are the Barriers to Entry Into the Custom Paint MarketExpensive equipment and a lengthy process to match and create these colors is already a big enough reason to consider it twice, but then there is also a…
  7. How Do You Keep a Distributed Company in SyncDocumentation. While Jason and the company are based in New Jersey, Dave lives in New Hampshire.
  8. Can Bootstrapping Hurt Your BusinessAs an angel investor himself Dave believes that Jason could have avoided a lot of pain by reaching out to investors earlier than he did.
  9. What Does Dave Schappell Say Investors Want to See at MyPerfectColor?Dave Schappell, founder of MyPerfectColor, tells Scott at Kruze Consulting that the easiest slide in a recent investor deck was gross margin, climbing from 50…
  10. What Is the TED Red ColorOnce TED conference ordered a matching paint for their branded red color, MyPerfectColor folks created a " Ted Red " which is now driving them customers…

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