Jon: What’s the backstory? How did you get into start-ups and technology?
Raad: I’ve been tinkering on the internet for as long as I can remember.
When I was twelve or thirteen I was building websites for family and
friends. I was a heavy Aim user so I did a couple of sites there.
Before Lawtrades, I launched one of the first apps on the Facebook app
store that basically let people customize their cover photos. To my surprise,
that went viral and grew to about thirty million hits a month and I built a
decent six-figure business through Bannerheads while I was in law school.
Jon: Hacking together a project like that, did you know or understand how
to seek capital for that business?
Raad: There was no fundraising at all. It was all just hobbies. If it made a little
bit of money, that was cool. The Facebook cover site was, at its peak, doing
250, 300K a year just from people clicking Google Adsense so there was no
need to raise capital. I like that aspect of building companies.