On this episode of the As Told by Nomads podcast, Alex Lakas and Simpson Brady join Tayo. Simpson is the CEO and Alex the Chief Creative Officer and Lead Design of Peanut, which recently got sold to Insured Nomads. They built their company as a side hustle while working in other corporations and doing so remotely without barely seeing each other. They're here to share how they built the company, what the company is, how you can do something similar, and what the future could look like.
Brady starts the conversation by sharing the pain he experienced during COVID that led him to start Peanuts - a company that began providing COVID-related information to travelers about their travel destinations and grew as other factors affecting travel other than COVID arose. Simpson and Alex then walk through their recruiting decisions and how Peanut was able to grow remotely, with the two working part-time. The guests provide more insight into their challenges, their decision to sell the company, and how this was done fairly and ethically. Finally, they end the discussion by sharing a glimpse into the future of Peanut and how they use their difference to make a difference.
The Finer Details of This Episode:
The inception of Peanut
Recruiting and growing a successful remote team
Building bonds remotely
Peanut's challenges and hurdles
The Peanut selling decision
Keeping M&As ethical and fair
The future of Peanut
Quotes:
"Vetted relationships can make this (remote hiring) work. It might seem impossible, but I think you try it a few times, and you find some stuff that sticks."
"I think it's a mistake to work with your close friends on something. And maybe this works for some people, but I think that can create challenges. But what we found success in was friends of friends."
“I've always told everybody that was working with Peanut, ‘You know, ethics and morals are very important to me.’”
“With any company that, you know, gets acquired, there's a lot of integration opportunities.”
"When we started off on this journey, I probably would have never imagined us being in this space almost two years later. But the fact that we helped hundreds of travelers, we've gotten great feedback, we've learned from the community, I think that to me is where I make a difference."
Links:
Connect with Alex Lakas and Brady Simpson:
Peanut Website: http://www.trypeanut.com/
Alex Lakas LinkedIn: / latenights
Brady Simpson LinkedIn: / wbsimpson
Insured Nomads Website: https://www.insurednomads.com/
Connect with Tayo Rockson and the As Told By Nomads Podcast on:
Tayo's Website: https://tayorockson.com/
Tayo on LinkedIn: / tayorockson
Tayo on Twitter: / tayorockson
Tayo on YouTube: / tayorockson
Tayo on TikTok: / tayorockson
As Told by Nomads Podcast: https://podcasts.apple.com/us/podcast...
UYD Management: https://uydmanagement.com/
UYD Collective: https://tayorockson.com/uyd-collective
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