00 Million To Repair Your Home Remotely
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Cofounders Michael Werner and Vincent Payen have taken home services into the future, with some much-needed upgrades to the industry for both consumers and contractors. On the Dealmakers Show Werner and Payen shared some of their tremendous experiences building businesses with big revenues. We talked about how the economy has changed, and what it means for succeeding as a startup, big corporations versus family businesses and startups, and marketplace companies. They also shared their insights on the power of content, bootstrapping M&A, the power of three, and turning crisis into opportunity.
Cofounders Michael Werner and Vincent Payen have taken home services into the future, with some much-needed upgrades to the industry for both consumers and contractors.
On the Dealmakers Show Werner and Payen shared some of their tremendous experiences building businesses with big revenues. We talked about how the economy has changed, and what it means for succeeding as a startup, big corporations versus family businesses and startups, and marketplace companies.
They also shared their insights on the power of content, bootstrapping M&A, the power of three, and turning crisis into opportunity.
Listen to the full podcast episode and review the transcript here.
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Here is the content that we will cover in this post. Let’s get started.
- 1. Building Companies With 9 Figure Revenues
- 2. Family Business
- 3. Using Marketplaces & Technology To Create Value And Efficiency
- 4. HomeX
Building Companies With 9 Figure Revenues
Michael Werner grew up in a family of entrepreneurs. He was born in Canada and grew up in Chicago when his dad moved to grow the family business there.
He was eager to explore the world outside of the Midwest and paid for his college tuition in California by painting houses.
He went to work in Asia, on a Peace Corps type program teaching English and spent time working for the US Embassy in Thailand. He imagined he would go into international politics, but returned to Stanford, before going to work on Wall Street. He joined Goldman Sachs’ M&A team when they were still less than two dozen people. By the time he left to join another company in LA, that department had grown by 4x.
After returning to his family business Werner Ladder, he ended up returning to Asia, to become the second-largest shareholder in an international business in the kitchen and bath space, which he helped take from
