#16: Drew Murr, Founder & CEO | Banjaxed Solutions
Download MP3Every step I kind of look at as
an opportunity to learn the next thing that's
going to help me sort of level up.
And there's no way that you can get
to the highest levels of success without being
really good at communicating with other critical stakeholders.
Welcome to In the Thick of It.
I'm your host, Scott Hollrah.
In this episode, I have an enlightening chat with
Drew Murr, founder and CEO of Banjaxed Solutions.
I have to say, Drew's story doesn't follow that typical linear
path that so many of our other guests have had.
I hope it inspires anyone listening that
thinks that there's a playbook to becoming
a founder, because there's not.
And Drew is a testament to that.
It wasn't until after dropping out of Texas A
M, experimenting in real estate to serving in the
Army Reserves, and working in the oil and gas
industry that Drew founded Banjaxed Solutions.
With thoughtful lessons on constant learning, speed
of execution, partnerships, hiring, and more, drew
exemplifies the creative mindset and resilience required
to build a successful business.
If there's one major takeaway from
this episode, it's just keep moving.
Well, Drew, thank you so much for
joining us In The Thick of It.
It's great to have somebody from Aggieland on the show.
How are things in College Station today?
Thanks for having me, Scott.
They are hot, and I'll go ahead and
mean that both in the literal sense and
the figurative sense in terms of busy.
Students are coming back into town, traffic
is bad, business is heating up.
So hot in every possible way.
Summers were great in College Station.
When I was a student, I did summer school
a couple of times and you could drive around
town and it didn't take you 30 minutes to
get from one corner of campus to the other.
And you could also go to just about any
restaurant in town on a Friday night at 07:00
and not have a two hour wait.
So that is over now, right? Exactly.
Yeah, exactly.
Within the last week, the traffic has
just gone up by four x probably.
So, yeah, I love the summers, love the low traffic,
but I guess also should be thankful for the students
and the university that brings so much to College Station.
But yeah, it's definitely getting busy around here.
Thousand percent.
Well, let's kind of start at the beginning.
Where did you grow up?
Did you have siblings?
What was your growing up like? Sure.
And that actually is a good segue
to how I got to College Station.
So I grew up in South Texas
in a town called Bishop, Texas.
Small town, Bishop Badger.
So I was a sort of small farm town.
I had one brother, one sister.
My brother and I were both sort of what you
would imagine from small Texas farm town football players.
Almost like the movie Varsity Blues.
If you've seen it, it was
a super interesting childhood, really. Enjoyed it.
My brother, when he graduated, came up
here to Texas A and M.
I graduated in 2003 from high school and came
up here to Texas A and M as well.
My sister came up here when she graduated a few
years later, and then it wasn't long after that that
my mom decided to relocate up here as well.
So my entire family basically
relocated to College Station.
We grew up I was sort of rooted
in South Texas in that farm community.
And my whole family, over the course of all my
siblings and I coming to A M, relocated to College
Station, and we all still live here, actually.
My brother and my sister are also both entrepreneurs.
They both own completely unrelated businesses.
So my brother owns a real estate company
here, and my sister owns an accounting company.
So yeah, that's kind of how we got here.
It's interesting how entrepreneurship just runs in
some families, and it sounds like you
guys were in that camp.
What did your parents do for work when you were a kid?
Yeah, and I've thought about this a
lot because what's the probability that we
would all three be entrepreneurs?
So we had great role models.
Let me just answer your question directly.
My dad was in oil and gas, and he
kind of started on the floor doing entry level
work, and the company he was working for told
him, hey, if you go back and get your
petroleum engineering degree, you can climb the ladder here.
And so that's what he did
and became a petroleum engineer.
And my mom was a CPA for a
while, and then she did some real estate.
And so, like I said, they were great role models.
But it's not like we had any of
these businesses sort of handed to us.
I mean, we just had some
examples of what that looked like.
And so my grandparents moved to South Texas.
My grandfather, decades and decades ago, took
a job in South Texas, which is
why they moved down there from Alabama.
And they didn't have past an 8th grade education,
but they started a chicken farm and then they
started a restaurant, and then all of this while
he was a full time diesel mechanic.
So we had a lot of exposure to entrepreneurship
at a very sort of very community level.
No big businesses.
Like, we didn't have any sort of
big exits or anything like that.
Just really from an early age, I got
a good understanding of the fundamentals of entrepreneurship,
and my siblings must have as well, because
we all ended up owning businesses.
So that's kind of what my childhood was like, and
I'm super thankful for both my parents and grandparents.
Would you say you guys were a pretty
typical middle class family in South Texas?
Yeah, I would say actually, through my elementary
to graduation of high school, we probably went
from lower middle class to upper middle class.
As my father got further up in his
petroleum engineering career and then as different business
ventures like the restaurant that my grandparents had
started to take off, we went from sort
of lower middle class to upper middle class.
But yeah, either way we were solidly middle class.
But yeah, that's pretty much
what my experience was like.
So I didn't get any exposure to
the stock market or anything like that.
My grandparents and parents did get into real
estate, so I had some exposure to buying
and renting homes from high school.
I got some exposure to that from my grandparents, which
I think that just the smallest amount of exposure on
a very real level is so beneficial to people.
If I want to go into a log rant on education.
But if there's any way that we can figure
out how to expose more people to just the
fundamentals of capitalism and what it means to own
something, to take responsibility for it and then to
utilize that resource to create some value in society.
I think that was so advantageous
for me and my siblings.
To see that not even on like a grand scale, but
just on an individual scale, was very impactful to us.
Talking about education for just a minute when I was
in high school, one of the most impactful classes.
In fact, I might even go so far as
to say the class that has impacted me to
this day was a personal finance class.
And I think that every kid in America
should have to take a personal finance class
as part of their high school curriculum.
Totally couldn't tell you the last time
I used calculus, but yeah, exactly.
Just something as simple as, okay, you're going to build
a budget for your theoretical household, and at 17 or
18 years old going through that exercise, it got me
thinking that way for the rest of my life.
And it was hugely impactful. Absolutely.
And what does an interest rate mean? Right?
How does that work if I borrow money?
What is the difference between paying it off
right away or paying it off later?
And how does that compound I mean, those are
so fundamental and there is absolutely I think that
there should be courses on it, but also to
my sort of advantage of seeing this and how
it actually affected my family, that hands on experience.
I actually think that we should give students loans
and I'd actually have to work out the details
of this in terms of the implementation of it.
I have kids, I have a six
year old and an eleven year old.
I haven't given them any business loans yet, but
this is absolutely something I'm going to do.
And I want them to experience what it means to
make a payment or miss a payment, to pay the
money back, to have that experience of what it's like
to use those financial instruments to level yourself up and
so if we could replicate that to a larger audience,
I think that would be great for everybody.
Thousand percent.
You mentioned football.
Sounds like that was probably a pretty
big, important part of your life.
You talked about it being the
Varsity Blues kind of period.
That was one of my favorite movies, by the way.
It came out, I think, my senior year of high school.
I remember going to theater very vividly. Loved it.
What position did you play?
I was on the line.
So offensive defense, three A school.
So offensive tackle, defensive tackle.
Big guy for that class. Yeah.
This episode will come out probably in the winter, but right
now I dropped my son off this morning for middle school
football practice at 645 before it got too hot.
But you'd be doing two days in the South Texas Heat.
Absolutely.
Are there any stories that stand out from
playing football in a small Texas town?
Man, it was really impactful experience to me.
And honestly, it created some challenges going off to college
and sort of readjusting what my life was about because
it was so much a part of my life.
But, yeah, I would say that there was
no physical discomfort that I wasn't willing to
endure for the success of the team.
And I think that aspect has definitely carried
over in many other respects in life.
But, yeah, so to mention, two a days in the Texas Heat.
Absolutely.
I remember five, six a. M.
So my town basically surrounds the school.
So I remember vividly at two
a days walking to the school.
And it was just like these high school athletes
were sort of coming out of the woods and
descending upon the school in the wee hours of
the morning and that degree of commitment, and we
would put ourselves through rigorous training.
And it was a great experience to sort of
contribute to a goal as a team and go
through a lot of personal sacrifice, particularly as a
lineman, which I was well suited for physically.
But as I'm sure you know, lineman,
they don't get a lot of publicity.
You show up and give your time and your energy
and your strength towards the objective of winning games.
And that was something that, in the moment,
I didn't see a bigger picture at all.
It was just part of my identity.
I'm just a high school football player.
I'm 16, 1718 years old.
I play high school football. This is what I do.
This is part of my identity.
But as I got past that and got into the real
world, I was able to take a lot of those experiences
and apply those to a lot of different domains.
So, yeah, it was a pretty impactful part of my life.
We've had a number of guests who played at a very
competitive level in high school, some in college, and even some
have gone on, taken a swing at the pros.
And consistently, everybody has talked about how that
team atmosphere, that team environment, the working toward
a goal, just like you said, has been
incredibly formative in certainly what they're doing today,
but in so many aspects of life.
Yeah, definitely.
So I don't know if we're going to do my
whole life story, but at some point after that, I
went into the army, and I would say just the
ability to endure discomfort and sort of pain for a
larger goal and team is just so applicable.
And then some people might think that that
doesn't carry over to a desk job, but
I absolutely think that it does.
There are forms of discomfort
that aren't just physical pain.
It's staying late when you don't feel
like it, it's getting up early.
It's swallowing your pride when you have to.
It's all sorts of stuff.
And I think that those experiences
definitely have helped me in business.
Did you go into the army straight out of high school?
I didn't.
So I went to college.
I went to Texas A-M-I was at a M for
two or three you know, I was pretty rebellious.
I was immature again.
I kind of had a difficult time
adjusting my identity after high school and
ultimately dropped out of Texas A M.
Did some creative real estate stuff at that time.
There was a lot of courses on the know.
I had read Rich Dad, Poor dad, which was out
back then, and there was all sorts of stuff.
My brother was doing creative real estate as well.
So when I say creative real estate, like, a typical method
that we would use back then was to find a home
that was appeared abandoned, to look up the owners, to make
some offer to owner finance, and then to do some work
to that home and then maybe owner finance, sell it.
And then we had sort of a routine about that.
I was not mature enough to hold
down a business at that time.
My brother stuck with it, and now he's the
biggest as far as I know, I think he's
the biggest real estate developer in the area.
So he did that all the way from while he
was in college at A and M till today.
So he's been at it for probably 20 and
made a real impactful company out of it.
But I wasn't ready for that
in terms of my maturity level.
Then I ended up going into the army.
And just to be clear, I was a reservist, so I
did about nine months active duty throughout my training phases.
Then I was a reservist.
Then I did another year on active duty in
Austin, and then the remainder of my time was
in the reserves going back to the real estate.
And your brother, were you all partners, or
were you kind of doing it doing the
same thing, but doing it independently?
We were doing it independently.
We may have partnered on some transactions,
but we were doing it independently.
And to be clear, he was way
more successful at it than I was.
I did a few deals.
I lost some money on some deals that
didn't work out the way that I anticipated.
Two of them got condemned by
the city after I purchased them. It was a mess.
Now, I had some good sort of understanding of
the real estate market, but by no means was
I a mature entrepreneur at that time.
I was fumbling my way around.
What do you do when the city condemns your building?
Well, they tear it down eventually. Yeah.
And then you have to pay for it.
We actually had some really so I don't know
if you've been through this sort of creative real
estate process, but a huge part of it is
going to the courthouse, like looking up records of
properties that are going to be foreclosed on.
So I'll tell you another real estate story.
This one's entirely my brother's.
I wasn't there for this.
Super interesting.
So my brother goes to the courthouse.
He finds out that there's a home that a house.
It's got the address.
So at the courthouse, though,
you have the legal description.
You have the legal description of
the house with the address.
The legal description, though, does
not include the address.
Usually it's like lot four,
plat three of this subdivision.
But then in addition to that, as
a note, it had the address.
So he finds this at the courthouse.
It's going up for foreclosure.
He buys it in foreclosure.
He has some buddies that's helping him.
They show up to the house.
They start unloading.
This house has a bunch of
stuff in it which isn't uncommon.
Like, you'll find all sorts of stuff in
homes that may have been abandoned or whatever.
So they start emptying out this house into a
trailer, and then all of a sudden, all these
people show up from the neighborhood, very upset.
And then the homeowners show up very upset.
And these people had no idea what's going on.
They were furious.
They start yelling at him.
He's like, hey, look, I've got this paperwork.
They have to get the sheriff to come over there.
They figure out that what had actually happened.
It was totally I don't know if it was James's, my
brother's fault, but the note on the foreclosure was wrong.
The address was wrong.
The foreclosure was actually on the lot next
door that didn't have a home on it.
So he actually bought a lot with no house.
And the address on the
foreclosure documentation was wrong.
So he had to profusely apologize to these people.
He obviously unloaded the trailer, helped
set all their stuff back up.
But could you imagine?
So he doesn't have a lot of money at the time.
He's invested a significant chunk of the money
that he has in purchasing this foreclosure.
Then he nearly gets into a street fight and turns
out that he actually purchased the lot next door.
So those are just some of
the experiences from that era.
I think there's a lesson to
be learned somewhere in there.
Yeah, totally.
I think it's similar to the other real estate
deal where the homes actually got foreclosed on.
And I'll tell you the lesson,
it's not that hard to uncover.
It's do your due diligence.
And I've had to learn that lesson many times.
But I suppose there's a certain amount of
diligence that would have uncovered those vulnerabilities ahead
of time and we could have avoided having
gone through going into the wrong house and
then getting the homes condemned by the city.
But in that space of trying to
take advantage of those types of real
estate opportunities, there's a lot of obscurity.
And this is one of the reasons why
not a lot of big real estate investors
do this kind of thing, because it's murky.
But yeah, so my brother sort of stepped that's
the type of real estate he was doing when
I was working with him 20 years ago.
And now he's working on a master plan
development right now, that's like 360 acres.
It's got mixed use
commercial, residential, hotels, restaurants.
And so just to kind of speak to his entrepreneurship
there, that is day after day of grinding away in
the same domain, but leveling up on exactly what it
is you're doing in the ecosystem to create value.
So there's definitely a story there. Yeah.
When you were doing real estate on your
own, was that your only source of income?
Was that your only job, or were you working
someplace and doing the real estate on the side?
At one point I worked at a
hotel, entry level, essentially night auditor.
So just overnight clerk, basically $16 an hour or something, I
think is what I was making as a night auditor.
And I was also doing real estate
at one point as an agent.
So that's typical agency where you're showing houses,
listing houses and making a commission on that.
So those are kind of the things
I was doing in that era.
Oh, we also had a car wash. I forgot.
So my brother and I had a mobile car wash.
So what the mobile car wash would do is
we would go to office complexes, office towers, and
then we would get subscription car washes to people
who went to work in that office complex.
So you'd basically say you're going to
get your car washed in the parking
lot every other Tuesday, something like that.
And so we'd show up to your office.
If your subscription included like a full detail,
we would go up and get your keys.
And then we had a trailer that had the power washer,
the soap, and then the vacuums and everything we needed.
And we would wash the cars and detail the
cars in the parking lot of the business.
But that was mainly my brother's as well.
I ended up moving to South Texas for a period to do
a real estate deal down there before I went into the army.
And I think he sold that mobile
car wash to one of his buddies.
But at this era of my life, these
are a bunch of 20 year olds.
I'm 19 2021 during this phase, and I've got buddies
around me that have the same sort of mentality.
So I don't want to overplay these businesses as if
they're really notable or successful, but it does give you
a sense to where my head was at.
Where his head was at.
And again, he landed on real
estate trying those other things.
He landed on real estate, stuck with it.
I fumbled through some other things, ended up going through
a stint in the army before coming back and finding
my way to the next thing there's building blocks.
It sounds like you had a couple of these experiences.
And the other thing, too, which I think
is a good thing, you had the opportunity
to fail small and not fail big.
So failure is not a bad thing if you learn from
it, and I'm sure he learned a lot going through that.
Yeah, absolutely.
I've learned a ton. Absolutely.
I've learned a ton.
I think that's a really good point, and this
kind of goes back to my philosophy on exposing
people, especially in education kids, to the opportunity to
do things like take out small business loans.
And it's okay if I were to present this, I
think a lot of the pushback that people might have
is, well, let's say they borrow $1,000 and they do
a lemonade stand, and then it fails and they default
on this $1,000 loan or whatever.
Is that going to be horrible for them?
Is it going to demoralize them?
Well, maybe, but it's a lot better to go through that
experience if you're 1617 years old and know what it's like
than if you're 30 years old or 40 years old and
this is your first time going through a business.
I mean, don't get me wrong, failure sucks at any
age, and you may go through it at any age,
but to start having those experiences earlier and get more
of them under your belt, I think is going to
put anybody in a better position to move forward.
Okay, so did the real estate thing, did the
car wash thing with your brother, how long before
you decided, I'm going into the army?
And maybe how did you decide that
that's what you were going to do?
So I would say it was about two years.
I dropped out of A and M, and
I was doing real estate at one point.
I also went into the ministry, so I went
through a lot of life changes, personal development.
Between 2003, which is the year that I graduated
high school, and 2007, I developed tremendously as a
person I knew when I went to college and
I left my sort of high school identity behind,
that I did not know who I was, really.
I really had such a strong identity
that was very localized in high school.
I know who I am in relation to my city.
I know who my opponents are.
I know the region.
And I knew when I moved away from that
that I did not know who I was.
So not to sort of tell a moral or ethical journey
here, but for the first couple of years, I definitely was
all over the place in my behavior, sort of my I
was doing all sorts of stuff I shouldn't have been.
And so I really struggled with that,
struggled with the ethics of it.
I sort of cast out my religious framework
and principles that I had grown up with
and reevaluated all of those things from scratch.
And so during that process, I came back to
a belief system that really was truly mine.
And whenever I got to that point, I started
participating in the ministry, started helping some churches, and
doing things like that, and all of that personal
development was overlaid with the entrepreneurial experiences that I
had grown up with and now was trying to
do on my own.
And so it's really difficult to pinpoint exactly
what led from one thing to the other.
At some point, I got sort of bored with what I
was doing with the real estate, and I just had the
sort of idea that maybe I should serve in some way.
And so I started evaluating, what does it
really mean to go into the military?
What are my options?
So the reason that I went into the Army Reserves
is because I still wanted to be an entrepreneur.
And if you go active duty, you can't have another job.
And so if you go as a reservist, you can
have a civilian job, so you can be an entrepreneur.
For people who might not know, the general reservist
commitment is one weekend a month and two weeks
out of the summer or out of the year.
So during that time, you train.
So you train.
First, you go to basic training
and then your specialized training.
And that might take you six to nine months.
But after that period, for the rest of
your contract, you do one weekend a month.
And two weeks out of the year, you go to your training.
Unless you're called up to active duty for a contract.
So in my mind, the reason why that was
a better fit for me than active duty is
because I could still be an entrepreneur.
And the reason why I chose my specific
unit, which I was a 37 Fox, which
is Psyop, which honestly, it sounded the coolest.
It was the coolest thing that
you could do as a reservist.
There were cooler things that you could do in the
military, but you couldn't go straight in as a reservist.
So, for example, you can't go straight into the
Navy Seals or Special Forces as a reservist.
If you want to be in the Navy Seals Reserves or the
Special Forces Reserves, at least at the time when I enlisted, you
had to be a prior enlisted Navy Seal or SF.
And so at the time when I enlisted, at least as
it was laid out to me by my recruiter, the coolest
thing that you could do, the most high speed thing that
you could do as a reservist, was 37 Fox Army Reserves.
So psyop army reserves which fell
under the Special Operations Division.
And so that's what I did.
That was definitely quite an experience as well, which
I got a lot of value out of, to
the extent that you can, what were the kinds
of things that you were doing in the army? Yeah.
What was your job?
So one thing I do want to clear up, because I don't
want to take credit for anything that I did not do.
I never deployed.
I was never in a war zone.
And I absolutely want to clear that up, because
while I was enlisted, my battalion did deploy.
I was not on that deployment.
I was in what's called the Rear Detachment, which they
take a portion of the people and they put them
on active duty in essentially an office in Stateside.
And in that role, you have some
logistics duties where you support the deployment.
I do want to clear that up because I
don't want to indicate that I'm the sort of
Jason Bourne hero, but I did work with some
people that do deserve that level of credit.
And so what the job does, 80%
of it is very similar to marketing.
So here's an example.
If we go into a city in a foreign country
we're occupying, like Iraq or Afghanistan, it's super common for
the civilians in that city or in that region to
have totally incorrect beliefs about what is happening.
They will literally think sometimes that the US
is there to take their land and move
our families over there and occupy and colonize
the country or something to that extent.
So 80% of the job is really just
disseminating truthful and correct information to the civilian
population so that they know what's going on.
And so that's the majority of the job.
Then you get into more of the gray area
where the messaging is actually targeted at the enemy,
and there is an element of deception that is
possible of maybe trying to mislead or direct the
different warlords or whatever parties in the area.
So it's pretty fascinating.
It was great to be a part of the training.
The training was amazing.
I got to train with some incredible soldiers of
all different branches and really, really enjoyed it.
I know you said at one point you were in
Austin, but where else were you in your training?
And throughout your time in the army.
So initially I went to Fort Benning for
basic training, which was at that time.
Is that arkansas?
Fort Benning is in Georgia. Georgia.
And hopefully I'm not wrong about that
because now it's on the record.
Somebody checked that before you published the podcast.
My basic training was one of the
few that was still all male.
I don't know if any of the basic trainings are still
all male, but Fort Benning was all male at the time.
It was pretty hardcore.
And then I went to Fort Bragg for
AIT, which is your advanced individual training.
In basic training, you
learn generalized soldier skills.
So you do like your weapons training, and then
obviously, like your PT, your fitness, all that stuff.
Ruck marches.
And then when you go to AIT,
you learn some more specialized skills.
AIT was at the Special Warfare
Center in Fort Bragg, North Carolina.
And that was super cool.
Again, this is one of the areas where I
really got to train with some high speed soldiers
and had a really good experience there.
It's actually where I met our COO.
So our COO, his name is Salil.
I met him at Fort Bragg.
We had AIT at the same time.
He was actually in a different class than me.
His class was two weeks before mine, but they
overlapped because it was like three months long.
So our classes overlapped and they
were actually competitive with one another.
So him and I were oftentimes the platoon leaders
for our AIT class, and we would have to
compete with each other in various competitions.
So that was pretty cool.
Are you a competitive person?
Actually, I'm not, and it depends on
how you frame and define competitiveness.
But this is something where I think that
I am different than a lot of entrepreneurs.
And so my brother and I, even though I
mentioned we're both entrepreneurs and we both have the
similar background, this is one area where we differ.
I would describe him as
competitive, and I'm more creative.
I actually think that competitiveness and creativity are almost
on opposite ends of a spectrum, because if you're
competitive, you want to know the rules and the
framework that the competition is existing in so that
you could win in it.
And you're always trying to figure out
how to understand those rules and play
better to win within that framework.
And then if you're more of a
sort of contrarian creative person, you're always
asking, how can I avoid the rules?
How can I not play by the rules?
How can I create a new set of rules?
And not that those things can't go hand in
hand, but I do see them sometimes as opposed.
And this in some ways, for me has
been an advantage, but absolutely in some ways
has been a huge weakness of mine.
Because rather than doing things a straightforward way, I
have a predisposition to do them in a unique
way, which is not always the best way to
do things well, being part of a team, hopefully
you have people that balance you out. Sure.
So you're in the army.
How old were you when you got out?
I was 27.
Okay, so you're mid to late 20s.
You've had this great experience.
Where did you go after that?
Did you go back to College Station?
So I did a short stint in car sales, which
is, I know, on the agenda for building an entrepreneur.
A lot of people have that in their story.
So I did about nine months in car
sales, which that itself gave me a lot
of good experiences on what salespeople are like.
Prior to that, I really wasn't a salesperson.
I had done real estate sales, but it
wasn't very salesy in terms of sales behaviors.
But in car sales, I got to see what
that's like and what different kinds of salespeople exist.
And that was interesting.
Now, mind you, some of this happened while I was
in the army, because in the Reserves, I did have
the ability to have a full time job.
So after car sales, I went into the oil field.
And so this is the one season of
my life that is not really entrepreneurial.
I'll tell you where my head was at at that time.
I had bounced around all over the place.
I had done the Army Reserves, and that was
great life experience, but I wasn't really very employable.
I didn't have a degree.
I didn't have any experiences that I
could really put on a resume.
And I had gotten married, and my wife was pregnant.
So at that time, I was like, how do I make some money?
So I went into the oil field, and I spent seven
years in the oil field, and that was a whole set
of new experiences, which was also really formative along the way.
Where were you working in the oil field?
It was a job that was on the rig,
and I was changing rigs all the time.
So I spent a lot of time in South Texas.
I spent a lot of time in West Texas.
I spent almost a whole year in Pennsylvania.
I spent some time in New Mexico.
So anywhere that there was a rig that
could use my services is where I was.
But mostly Texas, New Mexico and Pennsylvania.
And would your wife travel with you, or was
it the sort of thing where you would go
and be away and come back periodically?
Usually I would go and be gone for three or four
weeks and come home, and she would not travel with me.
Occasionally, if I had a stint that was longer than
three weeks, we would try to make some arrangements where
she would come and meet me and maybe so she
did have my daughter at that time.
And so if I was going to be gone for three
plus weeks, she would either bring my daughter with her to
come see me and maybe we would do this thing.
So the way that the oil field works
for a lot of jobs is you work
twelve hour shifts because the rig never stops.
So you work a twelve hour shift and you
hand over your duties to another guy who's going
to work a twelve hour shift, and then you
come back for your twelve hour shift after that.
So when you get in a scenario where your wife's
going to come see you, if you have good buddies,
you work out some arrangement where the other guy actually
works an 18 hours shift and you work a six
hour shift, or maybe he'll work a double.
And so that's how we would manage it,
to see our spouses and our kids. That's tough.
And kudos to your wife for helping raise a
baby while you were away for so much time. That's hard.
Well, my wife, she deserves a ton of kudos.
But we actually got together two days before I left
for basic training, so I had chemistry class with her.
So during this time, I neglected to mention that
I re enrolled in college for one semester because
I didn't know what I was going to do
with myself while I was re enrolled.
I took chemistry.
While I was in that chemistry class, I met my wife.
So we had chemistry both literally and figuratively.
As soon as we met, we started hanging out.
We started studying together.
We were legitimately studying together.
And while we were studying together, we knew that
we liked each other and everything, and we even
talked about it and I told her.
So at that point, towards the end of that
semester, I had already signed up for the army.
I already knew what day I was shipping off, and so I
was like, hey, I would love to date you, but I'm leaving
for the army in four weeks, so maybe we should just be
friends and then I'll call you when I get back.
Well, as that date approached, we didn't really want to
leave on just friend terms and take the chance that
it wasn't going to work out, so we decided to
officially get together two days before I left.
So she has been enduring this lifestyle since the very
beginning, so, yeah, she deserves a ton of kudos.
Okay, so you mentioned that you were able to
work concurrently while being in the reserves, and when
that all ended, what did you go do next?
I'm sorry, it was the oil field.
You went to the oil field?
Yeah, that's right.
So I went into the oil field.
I got super lucky in the sense that the type
of job that I got was a job that it
did not require any certifications or credibility, but it had
a ton of upward mobility because basically they threw you.
In there and you have to assemble a
bunch of very complicated equipment, a whole bunch
of computers that have to be connected together.
And then they have to go down a
hole and endure extreme conditions while drilling.
And then they will take anybody who's willing
to do the work on twelve hour shifts.
But if you can figure out the equipment, and if you
understand what's going on, you can work your way up relatively
easily if you really put your mind to it.
And so that's what I did, which was super
fortunate for me to be in that position.
I went ahead and ordered the petroleum engineering textbooks
from the University of Texas, and I ordered the
ones from UT rather than A M because those
were available to purchase online at the time, whereas
A M didn't have any.
So I only ordered about three of them, the
ones that were most relevant to my job.
And I just read those on my own while
I was off shift and really progressed to build
quite a career in oil and gas.
I could have stayed in oil and gas, but ultimately
I wanted to go back to being an entrepreneur.
And so what was that next step like?
You had this desire, I guess you probably
felt like you'd done your time in the
oil and gas space, you'd had enough.
Well, I actually have to give credit to
a budy of mine that I worked with.
He worked for Shell, and I
worked as a third party contractor.
We worked together on a big job
in Pennsylvania for a long time.
We spent about a year together.
And at the time, oil rigs generate a lot
of data, but they don't necessarily use that data.
So they store it on the rig in a
sort of primitive machine, and it stores this data.
You can download it as a CSV file.
So if you've ever downloaded a CSV
file, it's just all these values with
commas, separating them with column headings.
You can then import them into Excel.
So while I was working in the oil field, one of
the things that I would do is I would download these
CSV files from the rig, and then I would write some
macros in Excel and some VBA code in Excel to then
go through that data and generate charts and graphs and logs.
And then from those charts and graphs, we would make
our business decisions, or I call them business decisions, but
they're operational decisions, like, do we want more weight on
the bid, or a higher flow rate, or more pressure,
or how is the temperature affecting our tools?
And so I was generating these charts, and this is
where my buddy came in that I mentioned, Mateo.
He said, man, you need to just
sell this back to the oil companies.
Like, you just need to just quit your job and take
these Excel sheets that you built and generate these charts and
sell them back to the oil and gas companies.
And we brainstormed about this because we
work together for 12 hours a day.
And a lot of our work at that
time is not like we're turning wrenches constantly.
We're looking at computer screens all day.
So most of the time, so we're sitting next to each
other on a rig, but in like a mobile home on
the location with big computer screens in front of us.
I'm using my programs.
You can call them to do our job.
And we're brainstorming how this would work.
And he eventually convinced me, and he insisted that
he would put in some money into this endeavor.
So I quit my job.
I borrowed some money from Mateo, and
I started what was called Royal Services.
So I don't know where I would be today had he
not really helped in pushing me to make that decision.
Maybe I'd still be on a drilling rig, I'm not sure.
But I got to give him a lot of credit for that.
So I started Royal Services.
I started selling these reports back
to oil and gas companies.
So we charged $500 a day to just have our reports.
So I would just download the CSVs from
the rig, run the reports, and then sell
them back to the oil and gas companies.
And it was very cumbersome.
It was not efficient at first.
And so I got up to where I
was running three rigs at a time.
So I was making $1,500 a day selling
reports on these three rigs by myself.
And during that whole time, I realized
I need to learn more about software.
Because the way that I'm doing
this now, it's very inefficient.
It requires a human to go download these CSVs.
I need to stream this data.
I need to do this in a much more scalable way.
And so during that period, I
started to learn more about software.
So that's really interesting.
You're sitting in the job trailer.
You're taking the data that belongs
to your employer on your own.
You took the initiative to go build out these models.
Is it fair to say that what you
were selling back to them was your models?
Yeah, it was an interpretation of their information.
Okay.
So, like, today, you can buy all
sorts of products to look at data.
Like, if you pay for Tableau, tableau
doesn't give you any new data.
They're just giving you some framework to interact with that data
so that you can make some sense out of it.
This was very specialized in terms
of it wasn't like Tableau.
It didn't just give you graphs.
It gave you decision making points, which
was really helpful to the operators.
So what was that conversation like, going back to
your employer saying, hey, here's my two weeks, but
two weeks from now, I'll continue to work for
you as a third party, analyzing your data that
I've been doing this in the trailer all along.
Was that well received.
I mean, I guess if they gave you three rigs
and paid you $1,500 a day, it went okay.
Yeah, honestly, parts of it were awkward.
So I was far enough removed from the business
office of my employer that they didn't really know
me on a sort of first name basis.
I put in my two weeks and
then I ended up working with them.
So to be clear, they were not my customer.
So the oil and gas is a super interesting business, but
you have a ton of service providers that come along.
There's the oil and gas company who is primarily their
focus is getting the actual oil and gas out of
the ground and then getting it to production.
But then you have the drilling rig,
which might be a completely independent company
that is a service provider.
Then they sub out to a whole bunch of other
service providers that do a lot of other services.
So anyway, the company that I worked for was one
of those service providers that wasn't necessarily involved in the
analysis that I was providing to the operator.
It was quite a bit sort of
above and beyond what my job was.
And so they were kind of oblivious to the whole thing.
I put in my two weeks and quit.
They didn't really know a
difference one way or another.
But I ended up working with them on some future jobs.
So I was selling my services mainly directly to the oil
and gas companies and then I would see some of the
same people on jobs that I was on in the future.
So that was interesting to run into them there.
And now I'm coming out there with my computer
and downloading the CSV and it was pretty cool.
I still have a lot of relationships from that era.
Oil and gas is a a especially in Texas.
It is a sort of cowboy industry where
you can make a lot of money for
doing hard work, for understanding things.
And this is especially true with
the Texas based smaller service companies.
And so I just want to clarify this.
If anyone's thinking about going into oil and gas,
if you think that you are a real go
getter, the way to get in is not by
working for a Fortune 100 oil and gas company.
Find a company that's run by
some guys out of Corpus Christi.
They have 150 employees and they make $50
million a year or $100 million a year
because those people are go getters.
They know how to work and
how to outrun Exxon and Chevron.
I mean, don't get me wrong, I
appreciate the big companies as well.
But it's really those small players in oil
and gas that are still living in this
era of hustle and industrialism good advice.
I want to jump back for just a minute.
You talked about you get this raw data
in the CSV file and load into Excel.
And I think most people in high school probably
get some exposure to some very basic Excel stuff.
Here's how you sort things.
Here's how you filter things, getting into
some charts and graphs, but getting into
writing VBA, that's a different level.
Where along your journey did
you develop that skill set?
And maybe taking that a little bit further,
were you gifted as it relates to technology
at this point in your life?
So I would say that VBA So
let's say you start on Excel.
The very first thing you have to Google
is how to create a new tab, right?
So VBA is probably about the 150th Google search.
This was before Chat GPT, which, if you're learning stuff
today, you have more resources than I had then.
But then I already had Google, which I
had more resources than the people before me.
And so almost everything I've learned has
been a byproduct of Googling something.
So, yeah, I mean, I was
just learning something new every day.
And so I imported that CSV into Excel. Step one.
That was Google search number one.
Okay, well, how do I write a formula?
Okay, well, how do I do this next thing?
How do I add a button to the page?
How do I do this?
And I would say that it's all just been a progression.
So VBA, if you don't know,
Excel is incredibly powerful tool.
You can write code VBA directly
on the back end of Excel.
And if people don't know that, if you want
to go further into Excel, you can keep going.
I mean, I've seen people sell Excel
sheets for $50,000 because there's that much
value that can be built onto Excel.
So, yeah, it was just probably about the
150th Google search that got me to VBA. Interesting.
I like how you phrase that something,
though, I think that is important.
And we're seeing this with Chat GBT and
some of these other Chat AI tools.
Knowing what to feed it is critical to
getting the kind of result that you want.
But even in the Google days, how
did you know what questions to ask?
How did you know what terms to search for?
That's a good question, and I
think Googling is a skill.
And when I used to talk about hiring
with our hiring manager and stuff, we've talked
about how can we evaluate this skill?
But I definitely think that it's the same
whether you're trying to learn VBA or you're
trying to look something else up.
It's understanding the way the system works and what
words you would need to put into the system
to get the result that you are looking for.
And that is definitely a skill.
And the way that Google works is different
than the way that Chat GPT works.
We're finding that out now.
And it's actually interesting.
Someone made the comment that we used
to make fun of the previous generation
for the way that they would Google.
But the way that they would Google is now the
way that you need to put stuff into chat GPT.
So when you ask a question, if you ask
Google the question in a very straightforward way, like,
hey, Google, what would happen if the president and
the vice president died in the same incident?
Who would become president? Question mark.
If you put all that into Google, you may not get
the desired result because that's not the way Google works.
Google works by indexing on terms you might
now because Google now actually uses AI.
People may not realize that Google is better today
than it was ten years ago because it uses
AI in the results, but that's exactly how you
would ask that question to chat GPT.
So I would say this is almost like a fundamental skill.
There's not very many things that I would
say people need to get good at as
fundamental skills, but we are now superhuman, right?
We interact with technology to
go about our daily lives.
And so the way that we interact with that
technology, that is now like a fundamental skill.
So learning how to Google and learning how to use
chat GPT are almost more fundamental than learning finance.
These are very primitive.
These are like just right there
above walking and using your hands.
You need to learn how to use Google and chat GPT.
Well, I think my takeaway from your story about starting
with a CSV file and going from what's a CSV
file all the way to selling these spreadsheets back to
these companies for $500 a day per rig, I think
that that speaks to a natural curiosity that you have.
And you talked earlier about that
creative mind that you have.
I feel like those two go together.
Yeah, I think so.
And you did ask earlier, but I avoided the
question if I was particularly gifted in this field.
That's an aspect of it as well.
I do have certain advantages that
I'm just kind of blessed with.
Like, some things I pick up easier than others.
I also have disadvantages, like huge ones that
I've had to work on and adapt to.
But as far as picking up on technology and picking
up on stuff like that, that has been sort of
a gift that might come a little easier for me.
You mentioned through this experience having to actually physically
go to the rig and get the file, then
go to the next rig and get the file.
You determined that it wasn't a scalable
way to grow this business and you
started researching other technology things.
Where did that lead you?
Well, today I use a whole bunch of different
technologies, but I don't want to tell you about
the fancy ones that I use now.
I actually want to tell you about the next
one that I use because this is such a
hack that I'm proud of and it's just like
a good example of a business technology hack.
So what I wanted to say, and what I wanted to
do after I had to physically download the CSV, was to
say that we were live streaming the data, okay.
Because nobody was doing this at the time.
And we wanted to live stream the rig data off
site where I didn't have to go on site.
And then I can generate these reports faster and
I can get them to my customers faster.
So there are all sorts of
technologies for live streaming data.
But what I ended up doing, which this is the
hack, is I left a computer on the rig.
I left it plugged into the rig,
which is called a Rs 232 port.
But it's basically those old printer cables.
You remember the old printer cables?
And they look kind of like VGA monitor
cables wide and looks like it has teeth. Yes.
I think it has like nine pins or twelve pins.
So I connected the computer to the rig.
With that, I had the CSV saving to this computer.
And then on every computer I had a Dropbox account,
and those CSVs would save into the Dropbox account.
And on my home computer, I had Dropbox opened.
So every time a CSV file would save, I
was reloading my home computer in real time.
I'm just like refreshing the page, and that
refresh would get me the latest data.
So rather than using a more sophisticated data streaming
technology, I just installed Dropbox on every rig and
then refreshed that on my home computer.
It was pretty cool. You know what?
Sometimes the simple solution is better
than the elegant, sexy solution. It works.
It gets the job done.
Didn't take hardly any time at all to get that set up.
And now you're able to service the customer better.
Yeah, exactly.
Nobody knew nor cared.
This is a sort of business mantra.
The customer doesn't care what kind
of technology you use, really.
They just care about the result.
So if I could get them their reports faster, they
don't care whether I'm using some super complex streaming technology
or whether I'm using Dropbox to sync the data.
Don't tell me how the watch is built, just
tell me what time it yeah, exactly how long
did you do the oil rig data?
And I guess what became of that?
Or do you still have these contracts?
Do you still have Dropbox running
out in the oil field today? I don't.
I did that for about a year.
I had three rigs running.
So that three rigs was one customer, the price of
oil tanked, that one customer actually closed up shop.
And so at that time, I had already
been courted by somebody else that I knew
just from a relationship through my church, actually.
So I had some people that
were in a completely different industry.
So they're actually attorneys.
They owned a law firm.
They also owned a service company that worked with law
firms, and they knew that I was doing this business.
But also, I was sort of struggling with it.
Like, I didn't have three rigs running continuously.
It was up and down.
They would stop running those rigs
for a period of time.
So I was struggling.
I was struggling to get that company off the ground.
So they had already approached me about working with
them to create a product that served their industry.
So when that client closed the doors, it was
pretty rough in terms of letting go of all
of that domain expertise and that technology.
I just really liked it and I was proud of it.
And I hated to put it in the closet,
but I literally put those computers in the closet.
Oh, I have one right here, actually.
It's basically a regular computer, but
it's a fanless mini computer.
And it's kind of got, like, a radiator design
so that it expels the heat pretty quickly.
And then these are the Rs 232 ports.
So I had to order these from China so
that they would have all the things that I
needed to connect them to the rig.
But yeah, so I still have these, literally.
You can see I have it in
my office for kind of sentimental value.
But one of the reasons why I was
okay with it was oil and gas.
Like I said, fascinating.
Love that industry.
But I also saw it as limited due to
the increase in technology in oil and gas.
We can achieve higher production with lower numbers
of rigs drilling at any given point.
And the type of technology that my
expertise lent itself to was drilling rigs.
So if you look at a graph of, like,
number of drilling rigs and oil production, the number
of drilling rigs is going down while production is
going up because our ability to get more production
out of one well has increased significantly.
So I knew that the technology that I
was building was maybe a little late.
And so it was kind of bittersweet to put away that
technology, put it in the closet, and do something new.
But at the same time, I was excited for a new
challenge, and I needed a way to support my family.
So I took the opportunity to build this
new technology, which was working with law firms
and helping them communicate with their clients.
So I built a text messaging application that
allowed law firms to communicate with their clients.
Real quick.
Were you able to pay Mateo back? Yes.
Great question.
That is the first thing that I did.
So I was not able to pay him back at that time.
But I had his money
in a spreadsheet collecting interest.
I had his interest rate on the spreadsheet.
We signed a loan contract, and
that contract had an interest rate.
I don't recall exactly what it was.
I had sort of the monthly
amortization, and I never forgot about.
That and the moment I made money later.
So later I ended up selling Client
Connect, which is the text messaging company.
And the day that I sold Client Connect, I called
Mateo and said, hey man, I need to see you.
I want to give you a big pile
of money, which is your investment plus interest.
So that was a good moment for me.
I bet that felt good for both of you.
Yeah, absolutely.
I think so.
Law firms, text messaging systems, what size law
firms are buying this kind of technology?
Are they the big firms that are coast to coast?
Are they more local family law type offices?
So I'm going to answer that question.
I'm just going to jump forward at that point.
The product that I created was called Client Connect.
It was a text messaging application for
law firms that mainly integrated with a
case management system called Needles, and it
mainly focused on personal injury law firms.
And the average size there was
about 100 users per firm.
But since then, I've sold Client Connect into
Banjax, which is the company that I'm currently
one of the founders and the CEO of.
So I sold client Connect into Banjax
and we recreated Client Connect into the
product, which we now call conversations.
So conversations serves law firms on Litify.
It does text, fax, and email, and it keeps
all of those records on the case file.
So if you're an attorney, you can see your text,
fax, and email all on your client's case file.
And today our average firm size
is probably about 100 and 5200.
We've got some firms around 50, and then
we work with some larger firms as well.
And what we're working on now is taking that same
technology that we're applying to law firms and exploring whether
that is advantageous for other verticals as well.
But we work with a case management software
called Litify, which is based on Salesforce.
So Salesforce is the underlying technology and Litify
is the law firm implementation of that technology
so that law firms can run their business
on Litify, which is on Salesforce.
It sounds like you wouldn't be where you are
today with Banjaxt if it weren't for Client Connect.
Is that a fair statement?
Going from writing VBA and modeling things out in Excel,
going from there to building a text messaging app?
That's a big leap in terms of technical ability.
Did you just roll up your sleeves
and figure out how to do that?
Or did you bring in did you hire developers and
guide them on what the product needed to do?
So by this point, we're on
about the 2500 Google searches.
So I really do want to give credit here to
a friend of mine who is the current software architect
at Banjax and who I've worked with since I started
Royal Services, the oil and gas company.
His name is Ayaz Zafar, and it is a
super interesting story how I got started with Ayaz.
So when I decided that my oil field
technology needed to advance beyond the dropbox model,
I wanted to create some real time streaming,
big data application and sort of go all
the way with the sophistication of the technology.
And so I put out a job ad on an online portal.
I think it was freelancer.
And I said, hey, I can only pay $15 an hour.
I want someone not to build an application for me.
I want someone to get on a zoom call with
me and walk me through how to build a big
data, real time, data streaming interpretation product that's going to
be sort of large scale, and we're going to sell
this to oil and gas companies.
And it has to be sort of enterprise grade.
So just in case it isn't obvious, that
request at face value is pretty absurd.
And it's coming from a person who literally,
other than VBA, knows no software development.
So a lot of people on this
freelancer platform wanted to make money.
So they're like, yeah, okay, I'll take the job.
So I cycled through developer after developer
that could not hang with this concept.
They would all try to convince me to,
oh, just let me build you an application.
I'm like, no, I don't want
you to build me an application.
I want you to teach me
how to build a sophisticated application.
And so about five or six developers in, I get Ayaz.
I enter into this contract with him off a freelancer.
Ayaz lives in Pakistan.
He lives in a village outside of Lahore, Pakistan.
And he got on the call with me.
Incredibly patient, incredibly smart, self taught, learned
everything in his home in Pakistan, and
walked me through every step.
What is HTML?
What is JavaScript? What is CSS? What is a server?
What is a database? How does it work?
How does it interact with each other?
What is Http protocols?
What are these things?
And I needed someone who could teach, but also keep up
with the rate at which I wanted to learn and develop.
And we just sat there and developed this
application while he taught me from the beginning.
And I have never let Iyaz go.
So everywhere I go, every product I've worked on,
I have taken Ayaz with me to the point
where I, Oz, actually got equity in Client Connect.
Whenever I started Client Connect when we sold Client
Connect to Banjax, we purchased ayaz out of that.
Ayaz is now runs a development company in Pakistan.
My entire development team now works for
Ayaz, and he owns that company.
And we have a contract with that company
for all of our development needs today.
So, yeah, had a real sort of
friend and partnership working with IAS.
Out of curiosity, have y'all ever met in person?
Have you been to Pakistan, or has he been to the?
So we have met in person.
When we started banjaxt.
I wanted to create a full fledged development team.
Prior to Banjaxt, I had worked with
Iyas, and then we'd hired remote contractors
that would work on the project.
But I wanted to create a team that had an office
and Ayaz was definitely going to run it, that was known.
So I decided that we should
open an office in Lahore, Pakistan.
Lahore is a giant city.
It's like 12 million people, so
it's bigger than New York.
There are several universities there, so
we have access to talent.
I flew into Lahore.
Ayaz picked me up from the airport.
I'd already spent hundreds of hours with him on zoom
calls, so we were already close friends, but got to
give him a hug in person for the first time
a couple of years ago, about three years ago now.
When we started Banjax, we opened
an office there in Lahore.
I went to his home, met his family, stayed in
his village, and met the people in that area.
It was an incredible life.
Know, prior to that, I had never traveled overseas.
The only country I'd been to is Mexico.
So I'm not really a well traveled
person, but this was an absolute cultural
experience for me to go through that.
And now we have many developers in Pakistan and I've
got to know many of them both in person.
We hired some in person on my trip and
also remotely I've got to know quite a number
of them over the years, even prior to the
Pandemic certainly have spent a lot of time on
Zoom and GoToMeeting and other screen sharing tools.
And when I've finally met people in person that
I've spent a lot of screen time with, I
go into meeting them with kind of this expectation
of what they're going to be like in person.
And some people I'm like, oh my gosh,
you're completely different than what was that like?
Did you have a preconceived notion of what he was
going to be like and how did that match up?
That's a good question.
I think that it was pretty close.
So I will say this.
Of all of the experiences of Pakistan, ayaz was the
one that I had gauged and I knew pretty well.
But all the other aspects were
much more shocking to me.
And I don't mean shocking necessarily in a bad way
or really just like seeing the way the culture functions
was much different than I would have expected.
And I don't know that I could fully sort
of convey participating in their culture and really seeing
that firsthand, but really an incredible experience.
Let's go back to the founding of Client Connect.
It sounds like you started on this path of
wanting to build this big data live streaming service
that you go take to other oil companies, but
there was clearly a detour at some point where
you get into text messaging for lawyers.
Where did that idea come from and
how did you bring that to life? Sure.
So the idea was actually brought to me by those
sort of extended friends that I just happened to be
networked with in my social network, really, through my church.
And it was attorneys.
It was these attorneys that wanted to solve a problem
that they had, and so they had this problem.
And initially, when I started working on
that product, I did not own it.
They were bringing me on, and there was an equity
deal, but I was going to be a minority owner.
And then while I was working on it, for them,
that was a part of a different service company, not
their law firm, and they sold that service company.
And so a bunch of business deals shook out.
They didn't know where I was supposed to land, and so
they gave me the opportunity to just buy it from them.
So I purchased it from them for $10, essentially.
So this is an element of the journey that
maybe we can just chalk up to good fortune.
But yeah, I bought it from them for $10.
So it wasn't initially my idea, and I was
not intended to be the primary owner of Client
Connect, but when all that business shook out, client
Connect wasn't fully off the ground yet.
So it didn't have customers revenue, or at least
it didn't have a lot of customers and revenue.
And so, yeah, I had the
opportunity to purchase it for $10.
I've got that contract around here somewhere, too.
At this point, you've done a lot of different
things in your work life and kind of going
from the Excel model to trying to build this
app to landing a company for $10.
You've been through so much change.
Was that kind of like a non event,
or was there like, a sense of excitement?
Was there a sense of panic, like, I just lost this job?
What's going through your mind?
Well, so there was a little bit of the latter
of sense of panic, loss of job, because even though
purchasing Client Connect for $10 was an incredible stroke of
good fortune, prior to that purchase, I had a job
and a salary, which I needed to pay my bills.
So there was a period of time after that moment
and before we sold Client Connect to Banjax, that I
was actually running Client Connect and working on oil rigs.
I went back as a contractor, as a consultant.
And so the craziest sort of moments of that,
I would get Client Connect customer service and sales
calls while I was on a drilling rig.
And so I would try to carve out moments of
time to run away from the drilling rig, like, literally
distance myself from the rig so that the noise of
the rig would not interact with the call.
And then, of course, I don't want the customer to
know that I'm working on a drilling rig while I
own the company that they are paying money to.
So I'm on a sales call, just kind
of like, trying to make light of the
noise around me, like it's coincidental.
And so I did that for several months while
things developed, and I actually sold Client Connect into
Bandjax, which is the current company that I'm the
owner and founder of, with my partners now, I
haven't got into them yet.
My partners now.
So James, Chad and Steve out of Baton Rouge.
They own Dudley Debosger Big Law firm in Louisiana.
Incredible people, incredible partners.
So super fortunate to have hooked up
with them and get into this partnership.
I definitely want to dig into partnership more
in a minute, but I do want to
go back to Client Connect for a second.
You bought the company, and it sounds
like the product wasn't totally finished.
And obviously you said you didn't have
paying customers, you didn't have revenue.
How did you get the product over the finish
line, and how did you land your first?
Interesting, like, the product, I completed
the product from a technical standpoint,
so just a bit of clarification.
When I started Client Connect, they had a version
of Texting that I just couldn't grow with.
I couldn't sell it.
It was like a clunky add on.
So I said, hey, I need to
build a new product from scratch.
I was actually working on this for about 18 months, and
it did get over the finish line about four or five
months before the sale that caused the business shakeout.
And so I completed the project from a
technical standpoint and started selling this new product.
I actually had about $3,000 worth of revenue
at the time I did the deal.
And not only that, but I still had
customers that were calling to sign up.
And so when I purchased the company for $10,
it had about $3,000 of recurring monthly revenue.
The owners of the company didn't see
that as significant at the time.
They were like, oh, well, it's got nothing that's
less than the salary we are paying him, so
we might as well let it go.
But if you know anything about SaaS products,
like, you got a SaaS product that's completely
built and making three grand in monthly revenue,
like, you're on the right track.
So I knew I was on the right track, so I
had to go back to work in the oil field so
that I could make some money to put into marketing so
that I could sell more recurring revenue contracts.
So by the time the Banjacks deal closed, I was
already doing over ten grand a month in recurring revenue
by the time the Banjacks deal came together.
But during that period, I had to work
on oil rigs and put money into marketing.
It was quite a dance. Imagine.
So and I'm sure you're not the first entrepreneur maybe not
an oil field, but I'm sure you're not the first entrepreneur
that had to step away from some other job to go
take that call from a customer or prospect. Yeah.
So how did the Banjax merger acquisition come about?
Sure.
So one of my other partners and good friend Martin Rice,
I had worked with him when I was on Client Connect.
He was the head of a
services company called Legal Monkeys.
That's the one that sold.
And so he knew me.
He knew my capabilities and work ethic.
He went to go be the CEO of Dudley Debosure.
And the owners partners of Dudley Debosure are
James, Chad and Steve, my current partner.
So Merton told these guys, james, Chad and Steve, hey,
guys, I happen to know about this resource, this guy
that's running around right now, building a company on his
own that has no investors, that is basically ripe to
be snatched up to create a partnership with.
And so they said, all right, great. Let's meet him.
So I flew out to Baton Rouge, where they're
located, met them, and also met with Tyler Stillwell,
who's my other co founder here at Banjax.
And we talked about what we could do together, what
I already had, and they essentially supported everything that I
wanted to do in terms of company direction.
They also gave us a new direction.
So at Client Connect, it was a
web application, but they wanted to start
moving law firms to salesforce with Litify.
They're the ones that initially
turned me onto Salesforce.
They said, hey, our law firms are going
to go to Litify, which is on Salesforce.
And if you could build the text messaging application
to work with Litify and Salesforce and maybe add
some additional communication, functionalities, there's going to be a
big market there that we are actually going to
create and pioneer with our law firms.
And so to me, that seemed like a
ton of business synergies, plus great partners.
It made perfect sense to me.
Plus, it was a lot more security for me
to be partnered up with a well established group.
And so this was a perfect opportunity to start Banjax.
And when they bought you out of Client Connect, was
the plan from the get go that it was going
to be tied into Lidify and you were going to
go take that whole thing, or did they want the
text messaging technology and it was going to run standalone?
And after the fact, they're like,
hey, let's roll this all together.
There was a lot of brainstorming around it.
There were a lot of different avenues that
were sort of considered, and I don't really
recall exactly whether this was the first iteration,
but it was definitely early on.
We knew that the text messaging service was going
to be compatible with their business, their businesses, with
them moving their law firms to salesforce.
And so it just made perfect.
Had I already had a lot of experience text messaging
for law firms, but the law firms I had text
messaged I had created the service for in the past
were using a different kind of case management system.
So early on we knew it was going to be a
good fit to text message for law firms and salesforce.
One of the things I absolutely love
about doing this is getting to hear
the stories and they're all so different.
There's certainly a lot of common
threads, but they're all so different.
And hearing your story, I'm thinking about the questions I
normally ask and I don't even feel like they apply.
And so I think one of my takeaways from
talking with you and actually in a way there's
some parallels with another guest that we interviewed recently.
I think one of the morals here,
my takeaway is just keep moving.
I feel like that's what you've done
from the beginning is just keep moving.
So I do want to dig into the partner thing.
There are people out there that will tell you
whatever you do, do not have a partner.
There are other people out there that will
tell you 1000%, get a co founder, get
a partner, get a group together.
It sounds like the partnership has
worked out really well for you.
What do you attribute that to?
And what would you tell somebody who
is considering going that partner path?
Yeah, well, I would say that
there are definitely pros and cons.
So I experience with client connect and with
Royal Services really not having a partner.
And if you don't have a partner, you've got
nobody that you have to keep up to date.
You have nobody that you have to run your decisions by.
And that can be both a blessing and a curse.
If you do have a partner or multiple partners,
the need to keep alignment does require calorie burn.
So I would say that invest the time in communication.
So if you're going to change directions, also I
would say you want to establish clear expectations as
far as what kinds of things require communication.
Obviously, if you change the strategic direction of
your company, if you're going to change what
product you're offering or whatever, that's something that
really requires partner buy in.
Maybe there are smaller things that don't and
which partners need to know those different levels
of information you need to know.
And so I actually have a lot of partners right
now because I have co founder, I also have James
Chad, Steven Merton, who all have an interest in Bandjacks.
And so fortunately for me, the partners
that I have are super cool.
I mean, they definitely want to be kept up to date.
They have gotten frustrated at me before if I've
made some decision that they felt was significant enough
that I should have talked to them about it.
But I'm also in the habit
of making fast decisions, right?
And so to me that sometimes is a challenge for
me to realize like, okay, this decision is significant enough.
I need to go ahead and get bored, buy in.
It has been a learning experience,
but we're into a rhythm now.
We understand each other.
They trust me, I trust them, and
I try to get better at it.
And we call each other out.
If they're upset with me for not doing something, they
tell me and we have a lot of fights.
But I say that in air quotes because
it's kind of like a relationship, right?
If you have a relationship where you never call
each other out on things that you're not quite
happy about, and then those relationships that keep silent
often end up in a blow up where somebody
leaves because they haven't been properly communicating.
So, look, I'm going to call Merton, who's the chairman
of the board, after this, and that discussion might get
heated because that's the way we talk to each other.
It's learning to communicate, learning to express
yourself and in very specific expectations of
what you expect from the other person
and what requires communication.
But absolutely there is a calorie burn to having a partnership,
but I thoroughly enjoy it and I view it every step
I kind of look at as an opportunity to learn the
next thing that's going to help me sort of level up.
And there's no way that you can get
to the highest levels of success without being
really good at communicating with other critical stakeholders.
There is a ceiling to how far you can go on your own.
And at a certain point, you've
got to learn to communicate.
You've got to learn to understand
the perspectives of other stakeholders.
So, yeah, I would definitely say weigh the
pros and cons, know what you're getting into,
get great partners, communicate with those partners.
If you're frustrated, if they're frustrated, make
sure that those things are communicated openly.
And those are my sort of pieces
of advice for maintaining a partnership.
You talked about when to bring them in on decisions,
and I'm thinking, okay, if you're changing the coffee in
the kitchen from Folgers to Starbucks, clearly that's not a
decision that you need to roll up.
And obviously if you're going to completely
change the strategic direction of the organization,
obviously that is a call.
But man, there's a lot of middle ground in between
and I imagine you kind of walk a tightrope figuring
out, okay, what can I decide on my own and
what do I need to go to for them?
Do you feel like you're walking a tightrope with that
or do you feel like you've landed in a pretty
good spot and you know when to escalate? Not really.
I mean, my partners are so cool.
If there's ever an issue, it's usually my fault.
Meaning I have decided we're going to start
new service lines that I haven't cleared with
them and that was totally my fault.
They have no issues.
Like, if I hire someone today that's not
something I have to run by them.
Unless this is a person that is going to
get equity in the company or is some strategic
hire that is an outrageous salary, I don't have
to run really anything by them unless it affects
the structure of the company, the services and products
that the company is offering, the cap table.
So yeah, any issues have mostly been me moving
too fast for their taste and that's all me.
I should have communicated.
I don't really have an issue
with them wanting me to communicate.
Sort of petty decisions.
It's the big things and it's
been my fault the whole time.
Do you have a regular communication
cadence with all the partners?
Yes, I do.
I have a financial summary that I
send out every month and then immediately
after sending that, schedule a zoom call.
And so every month I send out financials and
they have a bunch of graphs, I got pie
charts and line charts and month over month, year
over year, all those sorts of things.
And then in addition to that financial update,
we immediately schedule a zoom call to discuss
those financials and any other significant events.
How long ago did you sell
client connect and form Banjaxt?
So we initially formed the partnership and I'm
going to say that not in the legal
sense, but in the sort of agreement sense.
The spirit of it?
Yeah, the spirit of it.
We formed the spirit of the partnership
a little over three years ago.
We formed Banjax, the company, about
two and a half years ago.
We formed Banjax on January 25 of 2021, but
we had the spirit of the partnership already for
about a year prior to that, maybe nine months.
And during that nine months we were really evaluating
exactly what we were going to be doing.
And then we formed Banjacks around a
particular thesis, which was we were going
to bring communications into Lidify and Salesforce.
And also I didn't mention this part.
We were also going to build technology
for data migration and implementation into Salesforce.
And that's what I was doing for that nine
months prior, was moving a law firm to Salesforce.
And during that time I built an application that is
basically like a wizard for moving on to Salesforce.
So you can map your data from a
legacy database, like an on premise SQL Server.
You can map that over to Salesforce.
And so we formed Bandjacks with those
two underlying technologies, communications and data migration.
Two and a half years ago it was just you
stepping out of the job trailer to go take that
call in the oil field and today you're the CEO
of a company that I would say is fairly established.
Remind me how many employees you have today.
We have about 35 employees.
Well, we have about 35 US based employees, as I
mentioned, ayaz as well as two partners that he has
owns a development company in Pakistan and we contract to
that development company, and we have about 15 developers in
Pakistan that work on that contract.
And then in addition to that,
we have about another five contractors.
So, including US based and overseas, in
the capacity of employees and contractors, we
have about 55 team members.
So two and a half years ago, you were a one man
show, and today you're the CEO of a 55 person company.
Didn't complete college, don't have
a Harvard Business degree.
Man, how have you learned how to run
an organization of that size so quickly?
Well, I think I'm on about 15,000 Google searches
by now, but it's one thing at a time.
I mean, every day is a new challenge, and
it's a challenge that is slightly different than the
one that I had yesterday, but I have some
experience from the one that I had yesterday, so
I just Googled the one that I'm having today.
And now Google has changed to other sources, chat, GPT.
I also have a great team, so I have people
here at Bandjax that are an incredible support to me
that I wouldn't be able to do on my own.
So, for example, our COO Salil, who I met at AIT,
is almost the opposite of me in a lot of ways.
So I dropped out of college.
He has five degrees, including a master's degree,
most of those from the University of Texas
in psychology, economics, and all sorts of stuff.
And so where I default to creativity,
he knows all the best practices.
He knows what Harvard Business School is
going to say about any given situation.
So that gives me the support I need to
know when I'm probably making the wrong decision.
If a scenario comes up and he says, hey, I've
got an SOP for this, I've got a best practice
for this, then I have something to vet my thought
process off of, which is a fantastic help.
I also have people like
Monique and Grammar and Christine.
These are operational people that really
cover a lot of my weaknesses.
So I can delegate you're handling
this aspect of the business.
I can move on to my next Google search, which is
in relation to the next thing that is happening at Vanchext.
What are the parts of the job that you enjoy most?
And on the flip side, what are the
parts of the job you enjoy the least? Good question.
So the most, I think, is the constant learning.
The next thing that is expanding
my perspective on the world.
I really look at it all as
just updating my model of the world.
Everything I'm learning, whether it's about the physics of oil
and gas drilling or the structure of a line of
credit versus a venture fund, like, all of these things
are just updating my model of the world.
So I think the learning experience is what I enjoy
the most and then what I enjoy the least.
Is the things that don't really inform those
the monotonous and doing payroll or just, like,
the stuff you have to do.
And that's, again, why I am so glad I
have a team that handles so many of those
things that I'm not especially excited about doing.
But, yeah, I'd say that's what I
enjoy the most in the least.
What's next?
Well, I don't want to think too much about what's
next until I have identified what success is for Banjext.
And so one of the things I'm working on right
now from a business perspective is rolling out either a
stock option plan or some kind of a stock unit
plan to employees in the company, which we don't currently
have that working on the legalities of that right now.
And so I want to establish what does success look
like for Banjax over the next 24, 36 months?
Like I mentioned, we have two pieces of underlying technology
that I think are super valuable to the marketplace, and
I absolutely want Banjaxt to be a success.
I want all of our employees to be
successful in whatever sort of framework they have
created for success here at Banjaxt.
And then once I start to wrap my hands around that,
I'm sure that I will be thinking about what's next.
I do consider myself an entrepreneur.
I consider myself a founder.
And so at some point in the future, I
imagine there will be a life after Banjax.
But right now, all I'm concerned about is Banjax.
I would say Banjax is probably a toddler in its
life cycle, and so I need to get it to
be an adolescent and then to be an adult.
And then when it graduates from college,
then I will feel comfortable thinking about
that question a little further.
Is there anything that you had hoped to
talk about that we haven't covered yet? Not really.
I mean, I really didn't have anything other than,
like you said, hopping on and having a conversation.
So I feel like I did too
much talking in proportion to you.
So maybe next time I need to hear more from you.
Mel knows exactly what I'm about to say, but
I am not the star of the show.
Our guests are the star of the show,
and we want to hear your story.
So you did great.
That's what we were going for.
So one of the things that I want to talk about
is how we got connected, which I think is a little
bit unusual, and I think it speaks to your character and
how you approach business and members of your team.
So I'll tell this real quick.
We actually hired at my firm, then Technology.
We hired somebody from Drew's firm, from Banjax.
And I will say we didn't go out recruiting them,
but it was a situation where he needed to relocate.
And I think our mentality is very similar in that we
want people in the office to be a part of our
culture, and so you really do need to be local to
the office, and so we've got a similar mindset there.
But when he left you and he joined
us, he did it with your blessing. Yeah.
And I just thought it was so cool.
I was only mad at you for a second, Scott.
Not for very long.
Yeah.
So you did take one of my employees, but no,
I think the point that you're getting at is we
did not try to stop him at all.
And as a matter of fact, one of the
things about just like you said, keep moving.
I don't have time to think any negativity about
some direction that someone else is going to go.
All of our employees are getting smarter every day.
They're getting more skills.
We need to keep them employed.
I believe in free markets, and
they may have a better opportunity.
We try to keep a good opportunity here,
and if we can't win that competition, then
we don't deserve to win that competition.
And so I spent no energy trying to hold anybody back.
And when we found out, like you mentioned, one
of the main reasons he needed to change jobs
is because of location he needed to move.
So the one thing that we were happy
about was at least we didn't lose him
for lack of creating a good work environment.
And he found someplace that had the kind of work
environment that he was used to, which is a good
work environment, and that we were super happy about.
So I'm glad that you guys got to benefit from
that, that he got to benefit by finding a good
place to work where he needed to relocate.
So, yeah, that worked out great.
And I met you in the process, so he hooked us up.
So he had enough confidence in me and in
you to know that we weren't going to hold
any grudges, and that worked out great.
I wasn't familiar with you all before he joined us, but when
he came on, I went out and I researched, and just looking
at your website, I get a sense for the culture and the
kind of company you're building, and I love it, and I'm excited
to see where you guys go from here.
Thanks a lot, Scott.
I really appreciate you having me on. Absolutely.
That was Drew Murr, founder
and CEO of Banjaxed Solutions.
To learn more, visit banjaxed.com.
That's banjaxed.com.
If you or a founder you know, would like
to be a guest on In the Thick of It,
email us at intro@founderstory.us.
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