Episode from the podcastSaaS Interviews with CEOs, Startups, Founders

EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Released Sunday, 6th November 2016
Good episode? Give it some love!
Shawn Porat, founder of Scorely, Judgment Marketplace and Fortune Cookie Advertising. He’s a VP at Mark Echo Enterprise and a contributor to Forbes, Time, and Money Magazine among others.
Famous Five:
  • Favorite Book? – N/A


  • What CEO do you follow? –  Elon Musk
  • Favorite online tool? — N/A
  • Do you get 8 hours of sleep?— Never
  • If you could let your 20-year old self know one thing, what would it be? – “Work with others and meet as many entrepreneurs as you can”


Time Stamped Show Notes:
  • 01:53 – Nathan introduces Shawn to the show
  • 02:17 – Scorely is a business credit bureau
    • 02:23 – Started 6 months ago
  • 02:35 – Shawn is trying to get more small businesses in the platform for free
    • 02:53 – Subscription plans
  • 03:15 – Scorely is currently on pre-revenue and will launch in 3 weeks
    • 03:25 – 10,300 people in their launch list
  • 03:48 – The idea of Scorely started 3 months ago
    • 03:54 – They’ve partnered with different government agencies and businesses
  • 04:25 – The chamber of commerce
    • 04:30 – The members have been informed they can get access to business reports through email blast
  • 05:11 – Scorely is the first in the industry
  • 05:25 – Scorely charges between $ 120 to $ 200 per report
  • 06:04 – Scorely focuses on small businesses
    • 06:10 – Recovery of Judgement’s credit report
  • 07:25 – Some companies charges small businesses too much for credit reports
  • 07:45 – They are now free as they want more small businesses to learn about Scorely
  • 08:06 – Small businesses want credit reports because of a lot of reasons
    • 08:08 – Small businesses need loans
    • 09:00 – Scorely can recommend small businesses to banks
      • 09:15 – Goal is to get a loan with the smallest interest
  • 09:30 – Shawn telling Nathan how Scorely works in Nathan’s business scenario
  • 10:28 – Shawn gets 1% - 5% from the loans
  • 10:52 – Number of business loans made yearly in the USA
  • 11:45 – Shawn is still learning a lot
  • 12:20 – Judgment Marketplace
  • 13:48 – Scorely raised $ 250,000
  • 14:05 – Team size
  • 14:30 – Toptal as a freelancing site for developers
  • 15:48 – Connect with Shawn through his website
  • 18:00 – The Famous Five


3 Key Points:
  • You can’t do everything alone.
  • Bring your ideas to life.
  • Make a good action plan in starting a business.


Resources Mentioned:
  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • Assistant.to – The site Nathan uses to book meetings with one email.
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments.
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel.
  • ShawnPorat.com – Shawn’s website
  • Show Notes provided by Mallard Creatives

Episode Reviews

This episode hasn't been reviewed yet. You can add a review to show others what you thought.

This podcast, its content, and its artwork are not owned by, affiliated with, or endorsed by Podchaser.
Rate Episode

Share This Episode

Recommendation sent

Join Podchaser to...

  • Rate podcasts and episodes
  • Follow podcasts and creators
  • Create podcast and episode lists
  • & much more

Episode Details

Length
20m 57s
Explicit
Yes
Episode Type
Full

Episode Tags

Do you host or manage this podcast?
Claim and edit this page to your liking.