Ep 25: Kaspars Dancis
on building a bootstrapped business for the US market, getting acquired, the importance of transparency, and developing a product people love
Kaspars Dancis is the CEO and Co-founder of Whimsical, a content collaboration tool that facilitates teams thinking together. Being fully bootstrapped, the company boasts Vinted, Intercom, Hashicorp, Loom, Washington Post, Monzo, Oura, and others as its clients.
In this episode we talk about Whimsical and how it helps teams collaborate on content creation, building a product that users love, bootstrapping, and the considerations to sell your business as well as values for building a sustainable business.
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The topics covered in this episode (with Timestamps)
π [02:10] Introduction and the origins of Whimsical
How to collaborate on content creation in real-time and asynchronously
π [09:25] Product development
How to build a product that users love
Productivity tools shouldnβt be annoying and get in your way
Incorporating customer feedback
Prioritization
Setting the big vision and breaking it down into steps
Getting good ratings on product sites
Acquiring customers through great product
Kickstarting organic growth snowball
π [34:00] Entrepreneurship & acquisition
Benefits of bootstrapping
Drawbacks of bootstrapping
Considerations for selling your company
Donβt build the business to sell it
Starting a company from the USπ [39:35] European VC trends and the most exciting industries
π [34:00] Values in business
Radical transparency
Cash vs. equity compensation
Work environment
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