Folk Stories

Episodes about Business:

15: Domain Expertise with Jay Westerdal

April 22nd, 2019 (68 minutes)

Jay Westerdal is a CEO, founder, board member, and investor of a wide multitude of companies.

Jay first got interested in technology at an early age after witnessing early demonstrations of the internet in middle school. His first job out of college involved creating systems to help manage domain names, a field that Jay has stuck with ever since. Jay founded his own domain company, DomainTools, in 2001, which provided information about the history and ownership of internet domains. Jay also started the Domain RoundTable, a conference dedicated solely to the topic of domains. Jay later sold DomainTools in 2008 for an eight figure exit and continued to work with domains as well as technology ever since.

Today, Jay is CEO of 800.com, .Realty and Top Level Spectrum. 800.com is a company that provides companies with toll-free 800 numbers, .Realty is a domain registrar for real estate professionals, and Top level spectrum manages various top level domains like .feedback and .forum.

In today's episode, we talk about what domains are and why they matter, we talk about Jay's current day ventures and where he's going, and we talk about the systems Jay has put in place that lets him focus on so many different priorities.

Quote

I like to build a rocketship and ride it to the stratosphere but [exit] before it becomes a spaceship just sitting there doing nothing collecting whatever that status quo income is. – Jay Westerdal

Notes

  • Jay's initial interest in technology and the internet
  • web domains and domain registration
  • new top level domains and trends in the industry
  • domaintools, what it was and how it was sold
  • organizing a domain conference
  • Jay's current businesses
  • prioritizing tasks
  • what Jay looks for as an investor
  • investing in yourself
  • how to recharge

Closing

  • inspiration
    • travel and looking at other people's concepts and ideas
  • surprising fact
    • take vacations seriously
  • principle
    • body is a temple, trying to live healthier and healthier everyday
  • closing notes
    • would love to do more philanthropic stuff in the future, especially addressing homelessness in Seattle

14: Focusing on the Message with John Lauer

April 8th, 2019 (44 minutes)

John Lauer is the CEO of Zipwhip, a Seattle based businesses that enables businesses to text message their customers through software and API solutions. Zipwhip is one of Seattle's fastest growing private companies and was the first business that made it possible for landlines and cellphones to communicate with each other.

Prior to Zipwhip, John was already neck deep in entrepreneurship. John started coming up with business ideas ever since he was thirteen. John started his first company, Rootlevel, at the age of 21 - Rootlevel was a web design firm based in Detroit and had included GM and Ford as their clients. John dropped out of college one semester from finishing his computer science degree because he made a commitment early on to never do something that would require a resume.

In today's episode, we talk about John's storied history and start in entrepreneurship, we talk about the makings of Zipwhip and the state of texting, and we talk about the focus and people that it takes to start a business.

Quote

If you contribute to humanity, humanity rewards you back, which gives you more ability to contribute. It sort of pancake layers on top of itself.

– John Lauer

Notes

  • how John got started with entrepreneurship
  • dropping out of college and commiting to startups
  • Zipwhip, how it got started and where it is today
  • importance of texting to businesses and consumers
  • closed vs open systems
  • predictions about communication platforms going forward
  • finding the right people to start a company with
  • staying focused and deciding what to focus on
  • ways of recharging

Closing

  • inspiration
    • week without at Zipwhip - two weeks without office food, raised $5000 to donate to Mary's place
  • surprising fact
    • walk around with smile on face but there's a great amount of simulation happening inside of what might happen at Zipwhip
  • principle
    • do the right thing
  • closing notes
    • Zipwhip will keep plugging forward and texting is adding huge value to peoples lifes, lots of new releases coming out later this year