Welcome to the Vertical Software Podcast! For our second episode, we interview Scott Wolfe Jr., CEO of Levelset, a company that's revolutionizing the construction payments space. We cover a number of interesting topics including Scott's unique path from being a lawyer, running his own software development firm to now building a software company.
Show Notes
- How did your family shape you as an entrepreneur? What did you like and dislike about family-run businesses?
- Why did you decide to raise capital (vs. bootstrapping)?
- Where is Levelset headed next?
The Future of Construction
- The construction space is one of the few industries where we haven’t seen widespread adoption of software solutions (especially amongst individual contractors). How is that changing? What role do you think Levelset can play in this?
- COVID-19 has obviously changed a lot of things. Have you seen any behavioral shifts in the construction space?
- Let’s fast forward to 2040. What does the tech stack of a contractor look like?
About Scott Wolfe Jr and Levelset
Scott is a husband, dad, and entrepreneur in New Orleans. Bothered as a lawyer at the unfairness for the little guys, Scott founded Levelset to even the $1 trillion construction playing field. He's on a mission to make payments less stressful for contractors and suppliers across the globe. Headquartered in New Orleans, Levelset now has more than 200 employees and is used by thousands of contractors and suppliers nationwide to make payments easier, faster, and less stressful on billions in contract value each year. Scott has led Levelset through 4 rounds of venture capital financing, raising over $47 million in outside investment from top-tier international venture capital firms like Horizons Ventures, S3 Ventures, Altos Ventures, Operating Venture Capital, and Brick & Mortar Ventures.
Levelset is a natural combination of Scott’s life experience. His father and grandfather were general contractors, out of law school he practiced construction law as founding partner of Wolfe Law Group, and since high school he’s owned and operated a software and design company, The Web Lab.
If you're like to learn more about Levelset, check out their website here at www.levelset.com.
What is The Vertical Software Podcast?
Every week we'll be featuring the CEO / founder of a vertical software business. We'll talk about how their journey, how they've grown their company and where they see the future of their industry. We'll also be featuring senior operators within FOG Software Group, a portfolio company of Constellation Software (ticker: CSU), to explain how we buy and operate vertical software businesses around the world.