Charlotte Angel Connection Episode 129: Justin Adams and Pat Morrell, Co-Founders of Anduin

Today we welcome Justin Adams and Pat Morrell, co-founders of Anduin.  Many of you know this is their second startup together as they sold Digitize.ai back in 2019 – which is now part of Waystar.  So, this is our first podcast dealing with co-founders in Charlotte who have built and sold and are now building again, together. For that reason, we get to dive into some great topics with them.  We didn’t ask them, “what would you do differently”, we asked, “what ARE you doing differently?”  This dynamic allows us to cover some great aspects of their entrepreneurial journey.  We dove into the concept of Digitize.ai and how they jumped into it as co-founders.  We learn how they built the product and sold it customers.  Along the way, we hear about their travels to Atlanta as well as the sacrifices – personally and professionally – they both made along the way. As we run through their trials and tribulations with Digitize.ai, we naturally break straight into the discussion of how Anduin has been developed differently.  What have they instantly put into practice with the second startup and where are they seeing the results along the way? For a little background, Justin serves as the CEO of Anduin and was also the CEO of Digitize.ai.  Prior to the startup route, Justin spent his career helping transform organizations through technology and innovation from Fortune 500 firms to the United States Intelligence Community. He also sat on a board that advised a venture capital firm on promising new technologies Pat Morrell is the Chief Revenue Officer at Anduin.  Pat grew up Raleigh and spent some time in DC, dealing with campaign politics. He moved back to Raleigh to work for a start-up, Three Ships. Pat and I first met when he was with Skookum where he was the Director of Strategic Partnerships. Anduin started in June 2020. They help accounting firms fix their billing process and speed up their cash flow. Their intelligence-based billing solution automates and improves time-consuming back-office finance processes. Anduin’s mission is to fix the work-to-cash cycle to help accounting firms save time, speed up cashflow, and deliver a superior client experience. It’s a great podcast to hear of their success from their beginnings to where they are now.   William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener.   Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.  Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.