TIMBALAND ON WHY HE SOLD VERZUZ, & PLANS TO MAKE BILLIONS

TL;DR

The founders discuss their decision to sell their company, Thriller, and the challenges they faced as they integrated their business with the platform.

Transcript

so so so let me ask you this because obviously eyo is a business platform so you guys I want to talk about this thriller situation so you've got Thriller you guys decide to sell the company is that what you did we we so partial and we did stop into the trailer because we just we learned about IPOs and specs so I was like we had several deals on the... Read More

Key Insights

• 🚨 Merging two startups can be a challenging process that requires patience and understanding as both companies navigate through the learning curve.
• 🥰 Building a successful company involves enduring hardships, sacrifices, and facing constant frustration, but a shared will and love for the business can help overcome these challenges.
• 🥺 Giving back to the artists and the industry can create a strong bond and loyalty, leading to the success and growth of a company.
• 👨‍💼 Learning about IPOs, S1s, and corporations is crucial for founders to understand the financial aspects of their business and make informed decisions.

Questions & Answers

Q: What made the founders decide to sell Thriller and integrate their business with the platform?

The founders believed that merging their existing platform with Thriller was a better opportunity to bet on themselves instead of exploring other deals on the table. The partnership offered a perfect marriage of their existing platform and Thriller's established user base.

Q: How did the artists who performed on the platform react to becoming owners in the company?

The artists were grateful and acknowledged that the founders saved their music careers. The founders wanted to give back to the artists who contributed to their success and become part of the Triller Slash stocks. This type of ownership and gratitude was unheard of in the industry.

Q: What challenges did the founders face during the early stages of building the company?

The founders highlighted that working with a startup like Thriller had its challenges, especially since both companies were still learning from each other. However, they emphasized the strength of their team and the importance of having a shared will and determination to overcome the trials and tribulations of building a business.

Q: How did the founders manage to sustain the company financially during the first two years when they didn't make any money?

The founders had a clear vision and purpose. They focused on helping artists revive their catalogs and giving back to the industry rather than solely prioritizing monetary gains. They believed in building a rich spirit and were motivated by their love for the business and the desire to support black music and creators.

Summary & Key Takeaways

• The founders sold their company, Thriller, because they saw the opportunity to merge their existing platform with Thriller to create a powerful business.

• They valued the partnership with Thriller because it allowed the artists who performed on the platform to become owners and shareholders, giving them a sense of ownership and gratitude.

• Building the company was a challenging journey that required dedication, love for the business, and a strong team to overcome obstacles.