Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success
My First Million
Monday, 3 May
Suli Ali is one of the most interesting founders we’ve had on the pod.
Suli and his brother Moiz have started and sold $300m worth of companies. They’ve also invested in hundreds of big-name startups, thousands of real estate deals, and much more more.
He built small, silly apps. Like a Facebook app survey where you voted “most likely to wear a bunny costume”. Yet...it turned into a huge success. How?
When he sold his first company, it was doing $85 million in revenue and $15 million in profit.
In this episode, we discuss his journey from making $76k a year at Microsoft to selling his first company for $100,000,000+.
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* 8:05 - Shaan predicted this podcast would be successful...he was right!
* 9:55 - Suli’s parents encouraged him to start a company...and why that’s important.
* 24:25 - Meeting Naval - is he legit?
* 27:25 - Getting grilled by Keith Rabois
* 41:25 - Listen to Suli’s confidence and how he explains starting stuff and how he deals with downs.
* 1:02:25 - Risking his life savings to make his company work (then selling it for $100m).