Get All Access for $5/mo

He Came Up With a $2 Billion Business Idea While Making $7 Per Hour When Vlad Magdalin accidentally stumbled upon the fact that his design agency was charging six figures for his $7-per-hour work, he knew something needed to change.

By James McKinney

Opinions expressed by Entrepreneur contributors are their own.

This week James McKinney interviews Webflow Co-Founder Vlad Magdalin. Webflow is a website-building platform that enables designers to develop online engagements without a background in programming. Magdalin and his brother, another Webflow co-founder, were Soviet Union refugees who grew up in the shadow of Silicon Valley. In this interview, Magdalin explains what it was like to start over from scratch and the personal and professional struggles he endured as he adapted to life in the United States. He also talks about the inspiration for Webflow, as well as the setbacks and the rejections he faced while trying to get his business off the ground.

You can listen to the full interview here.

Related: How Do You Start a Business When You Have a Great Idea But No Experience in the Industry?

James McKinney

Creator & Host, The Startup Story

James McKinney is the Founder & Host of The Startup Story, a multi-channel brand platform that brings the lessons of highly successful founders directly to the everyday founder. Whether it is through The Startup Story podcast or via the Startup Story LIVE event series, entrepreneurs everywhere can receive tactical and practical guidance from founders who are a few steps ahead.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.