4.6 • 1.3K Ratings
🗓️ 26 March 2025
⏱️ 23 minutes
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0:00.0 | I've had some bad partnerships and good partnerships. |
0:04.0 | One of the longest partnerships I had was with my brother-in-law, Heathen Shaw, |
0:09.0 | and we dissolved it in a really good way. |
0:12.0 | We still talk. I just talked to him this morning. |
0:15.0 | I'll give an example of a bad business partnership. |
0:18.0 | Wait, wait, wait, what, with He and real quick are you free I mean I |
0:21.2 | feel like you were very just generous and hey let's be done with it type of thing |
0:25.4 | and I think a lot of it came from you I don't know his side of the story but I |
0:28.6 | know you were very generous so when I ended my partnership with him with assets |
0:33.8 | like we had quick sprout and I first created the blog then we built into app. |
0:39.5 | Just so everyone knows Quick Sprout was Neil's blog before Neil Patel.com and it got a lot of traffic. |
0:43.6 | Uh-huh. And then we were generating revenue. I know we got it up to over $100,000 a month |
0:49.9 | in revenue, but we're burning that money plus more on developers. |
0:55.2 | And after a while, I wasn't interested in moving forward, and I just told him he could |
1:00.4 | have it all. |
1:01.5 | And that's how I ended the partnership. |
1:04.9 | You could look at that as very generous, but at the flip side, when I was starting off as an entrepreneur, he'd them put in |
1:13.7 | hundreds and thousands of dollars and actually over time in excess over a million dollars |
1:18.9 | of his own money into our ventures. |
1:21.6 | And I remember a few of them failed, and when it came time to paying back our loan providers, which were family members at the time, |
1:30.7 | he was excluded from the list. He never mentioned that he forgave the loans. He just removed |
1:37.4 | himself from the list and all the money he put in and didn't want to share the total. And we just |
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