The Naked Founder
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
11 episoder
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