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#111September 4, 202056:08

#107 with Chris Bakke - This Serial Entrepreneur is an Idea Mach…

About This Episode

Shaan Puri interviews serial entrepreneur Chris Bakke about his career building and selling startups to Zillow and Indeed. They brainstorm several 'asset-light' business models, including decentralized micro-schools, remote IT franchises, and the 'Shopify for SaaS' concept.

Episode Description

Shaan Puri (@ShaanVP) hosts the pod today with guest Chris Bakke (@ChrisJBakke) an early employee at Bank Juice, which sold to Zillow. In today’s episode you’ll hear: Chris gives his background and how he ended up in the Bay Area (1:15), Shaan gives his philosophy on how to hire new people (9:35), Chris explains why he thinks raising capital is a good idea (14:15), Chris has an idea he calls "Shopify for SaaS products" (17:05), Chris and Shaan kick around how to get subject matter expertise out of gurus to build a service business (21:50), Chris has an idea for franchising a service like GeekSquad (27:05), Shaan tells a story of how his friend franchised a service model (31:30), Shaan and Chris explain how at-home camps/schools can generate a lot of money (40:05), Shaan gives a framework of how to give poor people something that rich people have and how that translates to give small businesses something they want that big businesses already have (39:45), Chris gives the elevator pitch for his new company that replaces big consultants with software (52:50). This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Use the 'Import-Export' framework to identify tools built internally at large companies that can be productized and sold to thousands of other businesses with the same problem.

2

Adopt a 'hybrid approach' to funding by raising a small amount of venture capital ($1-2M) to accelerate growth and bypass the 'consulting' phase without losing exit optionality.

3

Apply the 'asset-light' model to traditional franchises by utilizing public parks or residential spaces to eliminate heavy rent and equipment costs.

Business Ideas Mentioned

Shopify for Niche SaaS Businesses

SaaS

Asset-Light Remote IT Franchise

Boring Business

Neighborhood Micro-School Franchise

Boring Business

Park-Based Outdoor Childcare Franchise

Boring Business

Luxury Dog Nature Retreat

Boring Business

Fractional Corporate Culture Manager

Agency

Teamcation Offsite Logistics Platform

Marketplace

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Quick Stats

Duration56:08
Guests1
Ideas Discussed7
Topics4