The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People 🎧🔥 Ep.498 ~ From 8-Figures to 9-Figures & Becoming Remote ~ Patrick Comer
Mar 31, 2021
In this engaging discussion, Patrick Comer, founder and CEO of Lucid, shares his journey from theater to tech entrepreneur. He reveals how he scaled Lucid to over $100M by transforming the market research landscape through a two-sided marketplace. Patrick discusses the importance of mindset shifts when scaling, his hiring philosophy centered on trust, and maintaining work-life balance. He also weighs the pros and cons of remote work and highlights lessons from the pandemic that shaped his leadership style, all while aiming to take Lucid to a billion-dollar valuation.
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Promote Potential, Then Upgrade Experience
- Hire for potential and give people trust and safety to perform beyond past roles.
- Promote internal talent and grow them until you need more experienced hires later.
Crossing The Top Of The Hill
- Having proved the market, the next decade focuses on experimentation and scaling the newly expanded opportunity.
- Industry belief shifts multiplied Lucid's market opportunity by 10–30x.
Acknowledge Boredom And Reignite Purpose
- When you feel bored, admit it, step back, and give yourself time to rediscover the CEO role's new parts.
- Use forums with other CEOs for safe discussion and rebooting motivation.
