Ep144 – David Lemphers (Co-founder & CEO – Code Pilot) on exits, thinking big and creating gold standards

The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors Twitter Facebook YouTube Instagram Ep144 – David Lemphers (Co-founder & CEO – Code Pilot) on exits, thinking big and creating gold standards March 25, 2021 rohitbhargava Podcast My guest for Ep144 of The Startup Playbook Podcast is the Co-founder & CEO of Code Pilot, David Lemphers. Dave has recently returned to Australia after spending 12 years in the US. He initially moved there to be an early member of the Windows Azure engineering team, before jumping out and launching his own startups. To date Dave has co-founded and successfully exited 4 AI startups including; ZenDeals which was acquired by RetailMeNot for $22M just 2 years after launching and his last startup, Code Pilot, which was acquired by AngelList. If that wasn’t enough, David has also authored 3 US patents on AI and ML and serves as the CTO in residence at Techstars. In this interview we covered a wide range of topics including: Dave’s Lessons from founding, growing and exiting 4 companiesParticularly how to setup and negotiate an acquisition dealLifting the lid on what happens after the acquisition goes throughHow to attract great talentHow to create an environment of flow state for your teamHow to create and set gold standards& much more! Timestamps  1.59 – Davids’ journey from growing up in Melbourne to making an impact in the startup industry and working with some of biggest companies in the world 4.32 – The impact of and learnings from living and working in the U.S.9.58 – The difference between Australia and the U.S. start up culture13.14 – How and why David had the desire to begin his first startup venture17.03 – Why founders should go to the U.S. to experience the local startup culture and the value of in-person interaction21.01 – Recreating the startup culture in Australia 25.55 – Davids’ introduction to machine learning and getting buy in for upcoming technologies 32.57 – Hiring for potential over existing skills and building a great team 38.28 – Understanding no two businesses are the same and finding the right cultural fit for your team39.32 – The process of being acquired and the challenges of due diligence – reference to acquisition of Zen Deals by RetailMeNot 51.34 – Advice for founders to prepare for a successful acquisition56.12 – Building a successful company and incorporating practises in preparation for acquisition 57.43 – The importance of diversity in skill, knowledge and expertise especially in the early stages of a startup 1.04.29 – Sharing company vision to attract great talent and important things to consider when looking for work at a startup1.10.52 – Creating challenging work to encourage a flow state within a team 1.16.25 – How to get in contact with David  Links Mentioned Davids’ Links  Davids’ LinkedIn   People  Eric Schmidt Yousef KhalidiGary FlakeDave Cutler Rachael NeumannBill Gates Cotter Cunningham Steven PhoGeorge ChondrosShreyas KarnikBrian Tuttle Companies  Code PilotZenDeals Super! RetailMeNotAngelListMicrosoft PWC BroomlyYahoo SlackASSA ABLOYOverture Past Episodes  Ep57 – Rachael NeumannEp130 – Rachael Neumann Special Thanks: Special thanks to Shreyas Karnik and George Chondros for their help with research for this interview ? . Feedback/connect/say hello: [email protected]@RohitBhargava7 (Twitter)/rohbhargava (LinkedIn)@rohit_bhargava (Instagram)My Youtube Channel Credits: Music: Joakim Karud – Dreams Other channels: Don’t have iTunes? The podcast is also available on Spotify, Soundcloud & Stitcher Audio Player. https://traffic.libsyn.com/secure/startupplaybook/Ep144_-_David_Lemphers_Co-founder__CEO_-_Code_Pilot_on_exits_thinking_big_and_creating_gold_standards.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS admin January 1, 2014 Reply Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat admin January 1, 2014 Reply Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. 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