Episode 7: ‘Big thud in my chest turned out to be a panic attack’
Russell Teale was juggling the pressures of business and family life when he thought he was having a heart attack.
Tests later revealed he was having a panic attack but the near-miss changed his life and his outlook.
He’s the founder and CEO of Vivify, which today employs 500 people and is set to grow turnover from £8m to £12m this year.
At the same time, the startup has given more than £10m back to schools and raised £2m in investment.
In this episode of The Naked Founder podcast he discusses:
• Living with panic attacks
• Having former Tesco CEO Sir Terry Leahy as an investor
• Coping with the death of his mum while building Vivify
• Giving £10m back to schools
• Why your network is your net worth
Chapters:
0:00 Introduction – Russell Teale, founder & CEO of Vivify
0:43 Opening question: what didn't they tell you about founding a business?
1:42 The highest of highs and lowest of lows – what founding really feels like
2:04 Fitter: the Uber-style fitness app, hockey stick projections, and the brutal reality of traction
3:54 Money running out, wife pregnant, and a terrifying thud in the chest
4:22 Panic attacks in his early thirties – and learning they never fully go away
5:33 How panic attacks manifest and how he manages them now
6:02 School Letting Solutions: landing on his feet, then made redundant when it went into liquidation
6:46 What he learned from failure and why there's no point looking backwards
7:39 Founding Vivify in 2020 – the problem: 27,000 schools full of empty facilities
9:48 Where the name Vivify came from – meaning "to breathe life into"
10:12 Mum Janice: single parent, two jobs, rehoming stray cats, and a lesson in resilience
11:58 Janice dies of blood cancer on New Year's Day 2022, aged just 56
12:25 How do you manage personal trauma, COVID, a startup, and a young family? You just get on with it
13:04 Co-founders leaving, bootstrapping, and raising £1m from Arete in 2022
13:44 Choosing the right investor and the full-circle moment of pitching to the former Tesco CEO
15:26 Founder vs CEO – two very different skill sets
16:47 Total Fitness, rising through the ranks, and how far Vivify has still to go
17:43 The global opportunity: 27,000 schools in the UK, and the same problem everywhere
18:30 Do's and don'ts for scaling: never lose sight of cash
19:16 The importance of a commercially-minded CFO
20:02 Hiring for passion and pride over skill set – and why attitude always wins
21:19 Building a network from scratch and the power of the EY Entrepreneur of the Year programme
22:53 Founders he admires and why ego-led founders put him off
24:21 Letter to a younger Russell: go easy on yourself
24:56 Wrap-up