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Shawn Porat, founder of Scorely, Judgment Marketplace and Fortune Cookie Advertising. He\\u2019s a VP at Mark Echo Enterprise and a contributor to Forbes, Time, and Money Magazine among others.

Famous Five:

• Favorite Book? \\u2013 N/A

• What CEO do you follow? \\u2013\\xa0 Elon Musk
• Favorite online tool? \\u2014 N/A
• Do you get 8 hours of sleep?\\u2014 Never
• If you could let your 20-year old self know one thing, what would it be? \\u2013 \\u201cWork with others and meet as many entrepreneurs as you can\\u201d

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Time Stamped Show Notes:

• 01:53 \\u2013 Nathan introduces Shawn to the show
• 02:17 \\u2013 Scorely is a business credit bureau
• • 02:23 \\u2013 Started 6 months ago
• 02:35 \\u2013 Shawn is trying to get more small businesses in the platform for free
• • 02:53 \\u2013 Subscription plans
• 03:15 \\u2013 Scorely is currently on pre-revenue and will launch in 3 weeks
• • 03:25 \\u2013 10,300 people in their launch list
• 03:48 \\u2013 The idea of Scorely started 3 months ago
• • 03:54 \\u2013 They\\u2019ve partnered with different government agencies and businesses
• 04:25 \\u2013 The chamber of commerce
• • 04:30 \\u2013 The members have been informed they can get access to business reports through email blast
• 05:11 \\u2013 Scorely is the first in the industry
• 05:25 \\u2013 Scorely charges between $ 120 to $ 200 per report
• 06:04 \\u2013 Scorely focuses on small businesses
• • 06:10 \\u2013 Recovery of Judgement\\u2019s credit report
• 07:25 \\u2013 Some companies charges small businesses too much for credit reports
• 07:45 \\u2013 They are now free as they want more small businesses to learn about Scorely
• 08:06 \\u2013 Small businesses want credit reports because of a lot of reasons
• • 08:08 \\u2013 Small businesses need loans
  • 09:00 \\u2013 Scorely can recommend small businesses to banks
  • • 09:15 \\u2013 Goal is to get a loan with the smallest interest
• 09:30 \\u2013 Shawn telling Nathan how Scorely works in Nathan\\u2019s business scenario
• 10:28 \\u2013 Shawn gets 1% - 5% from the loans
• 10:52 \\u2013 Number of business loans made yearly in the USA
• 11:45 \\u2013 Shawn is still learning a lot
• 12:20 \\u2013 Judgment Marketplace
• 13:48 \\u2013 Scorely raised $ 250,000
• 14:05 \\u2013 Team size
• 14:30 \\u2013 Toptal as a freelancing site for developers
• 15:48 \\u2013 Connect with Shawn through his website
• 18:00 \\u2013 The Famous Five

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3 Key Points:

• You can\\u2019t do everything alone.
• Bring your ideas to life.
• Make a good action plan in starting a business.

Resources Mentioned:

• Toptal\\xa0\\u2013 Nathan found his development team using Toptal\\xa0 for his new business Send Later. He was able to keep 100% equity and didn\\u2019t have to hire a co-founder due to quality of Toptal\\xa0 developers.
• Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Freshbooks\\xa0\\u2013 The site Nathan uses to manage his invoices and accounts.
• Leadpages\\xa0 \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
• Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
• Assistant.to \\u2013 The site Nathan uses to book meetings with one email.
• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments.
• Drip \\u2013 Nathan uses Drip\\u2019s email automation platform and visual campaign builder to build his sales funnel.
• ShawnPorat.com \\u2013 Shawn\\u2019s website
• Show Notes provided by Mallard Creatives