Ep 13: Scaling Lula to $50M/Year, Selling To A PE Firm, Trump and Elon Break Up
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Ep 13: Scaling Lula to $50M/Year, Selling To A PE Firm, Trump and Elon Break Up
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In this episode, we sit down with Michael Vega Sanz to talk through his journey from launching a ride-sharing startup in college to building Lula — an insurance platform for transportation companies that scaled to over $50M/year in revenue, raised $45M+, and was ultimately acquired by a private equity firm. Michael is now back to building another startup, Gail --an AI for financial services.
We get into what it really takes to build something from scratch — the rejections, the pivots, the importance of validating before executing, and why surrounding yourself with the right team (and sometimes family) makes all the difference.
We also dive into the bigger picture — how politics, economics, and business all intersect. From the Elon vs. Trump dynamic to the future of wealth creation, Bitcoin, and the challenges of governance, we cover a lot of ground in this one.
It’s a real look at what it takes to build in today’s world — and how staying focused can separate the winners from the rest.
Episode recorded on June 6 2025.
(00:00) Introduction to Michael Vega Sanz and Lula(02:08) The Evolution of Lula and Its Success(04:15) Building Connections and Networking(06:32) Identifying Problems and Validating Ideas(08:53) The Role of Technology in Business(11:06) Hiring and Building a Strong Team(13:12) Navigating Challenges and Learning from Mistakes(15:36) The Importance of Confidence and Perseverance(18:16) Disrupting Legacy Models with AI(20:25) Finding and Attracting Talent(22:44) Exiting Lula and Transitioning to Gale(28:07) The Journey of Entrepreneurship(30:00) Transitioning from Lula to Gale(34:16) Building a Family Business(35:59) Navigating Current Events and Business Focus(40:40) Political Perspectives and Economic Concerns(46:11) Navigating Political Realities(48:03) Economic Challenges and Government Spending(50:41) The Future of Innovation and Society(54:24) The Role of Bitcoin and Cryptocurrency(01:04:48) Mindset and the Path to Success
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