July 4, 2024

Fishing for the Right Business

On this episode of the Gross Profit Podcast, James Kennedy sits down with Joseph Lee, Co-Founder and CEO of Supademo. They explore Joseph’s entrepreneurial journey from launching a direct sales seafood business to pivoting to an online marketplace amid the pandemic.
The Gross Profit Podcast
The Gross Profit Podcast
Fishing for the Right Business
Loading
/

Show Notes

Welcome back to the Gross Profit Podcast! In today’s episode, “Fishing for the Right Business,” host James Kennedy dives into a captivating conversation with Joseph Lee, Co-Founder and CEO of Supademo. They explore Joseph’s entrepreneurial journey from launching a direct sales seafood business to pivoting to an online marketplace amid the pandemic.

About Joseph Lee: Joseph Lee is the entrepreneurial mind behind Supademo, a platform that revolutionized the seafood industry by transitioning from traditional sales methods to an innovative online marketplace. This shift not only sustained the business during challenging times but also spurred significant growth. Joseph’s journey is marked by a series of adaptive strategies and learning from both successes and failures.

What You’ll Learn:

  1. Navigating Business Pivots: Insights into how Joseph transitioned from a direct sales model to an online marketplace, adapting to new business realities.
  2. Learning from Failures: Joseph discusses the importance of resilience and the valuable lessons learned from setbacks.
  3. Building a Strong Team and Culture: Strategies for hiring the right people and fostering a company culture that supports growth and innovation.

Episode Highlights:

  • “Joseph, can you walk us through the initial concept of your seafood business and what prompted the pivot to an online marketplace?”
  • “What were some of the key lessons you learned from early challenges in your business?”
  • “How do you approach hiring, and what qualities do you look for to maintain a strong company culture?”

Beyond his role at Supademo, Joseph is passionate about mentoring other entrepreneurs and is actively involved in various business networks where he shares his experiences and insights. His story is a testament to the dynamic nature of entrepreneurship and the critical importance of adaptability and team building.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Joey Albertson – CFO Found $2.5M Unbilled Revenue

In this episode, James sits down with fractional CFO Joey Albertson – founder of The Profitability Project – to unpack the “$2.5M mistake” she uncovered within 30 days at a B2B SaaS company. They get tactical about balance-sheet reconciliations, fixing SaaS billing leaks, and how Joey’s Clarity → Structure → Profitability framework delivers fast, measurable results (without a six-month wait).

Listen Now »
Merushka Chetty

Jaime Medina – The Singing CFO

In this episode, James Kennedy sits down with Jaime Medina, founder of The Startup CFO (tscfo.com), to unpack non-dilutive ways B2B SaaS founders can extend runway before their next equity round. Drawing on Jaime’s path from physics PhD to McKinsey to fractional CFO (now leading a 38-person team across Spain and Germany), they dive into European public funding, soft loans, grants, tax incentives, and – most surprisingly – bank financing for SaaS. You’ll hear how to present unit economics to credit risk teams, run multiple debt processes in parallel, and realistically save 10–20% dilution on the next raise. Bonus: why the best CFOs play offense (growth) and defense (controls)… and why Ring of Fire is a crowd-pleaser at karaoke.

Listen Now »
Merushka Chetty

Milán Golovics – Hungarian VC: Government Funding Ruined Startups

In this episode, James sits down with Milán Golovics, founder of BAO Contracting and a former VC associate turned startup operator/CFO, to unpack the realities of building and funding hardware in Central & Eastern Europe. From Hungary’s unique venture landscape to rethinking a “hardware-only” sale into a subscription model, Milán shares crisp, tactical lessons for seed-stage founders – and the CFOs who support them.

Listen Now »