If you haven’t already, please study our new Bootstrapping Course and Investor Introductions page. We’re big fans of bootstrapping, virtual companies, and domain knowledge. FPD Solutions (formerly Field Pros Direct) Founder CEO Matt Anderson’s story from 2020 has all these ingredients. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We’re big fans of bootstrapping, virtual companies, and domain knowledge. Field Pros Direct Founder CEO Matt Anderson’s story from 2020 has all these ingredients. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind
Sramana Mitra: The benefit you are offering is a flexible workforce of adjusters. They can pick people up as they need to as opposed to having everybody on the payroll. Matt Anderson: That’s a part of it. We can scale up and down. From a cost standpoint, it gives them flexibility. Here is an example
Sramana Mitra: What happens in 2020 when COVID hit? Matt Anderson: Up until 2020, I did a lot of sales. I had a part-time account manager that was doing some sales. We hired our first salesperson. I think it was 2019 when we hired a COO, which is a very big hire. He has been
Sramana Mitra: How many people were in the company in 2018? How many full-timers and contractors did you have? Matt Anderson: I’m an avid user of Upwork. Sramana Mitra: So are we. We are big users of Upwork. I am very familiar with this model and we run One Million by One Million in the
Sramana Mitra: What did you launch with? You talked about the two-sided marketplace. Did you have insurance companies already recruited who were going to hire out of your marketplace? How did you gather the critical mass of adjusters? Matt Anderson: A lot of insurance adjustment firms were asking to find adjusters. I started with those
Sramana Mitra: You took a two-step journey into entrepreneurship. You did something that was slightly lower risk. Somebody else gave you clients and profit-sharing but without equity. But you were preparing to go into the full entrepreneurship model. By the time you were ready to leave, did you have something worked out in your mind
We’re big fans of bootstrapping, virtual companies, and domain knowledge. Matt’s story has all those ingredients. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?