Founder stories
Platform enabling entrepreneurs and businesses to create, market, and sell online courses
How Greg acquired customers
Tools used to build Thinkific
Greg Smith created an LSAT prep course while in law school, moved back in with his parents, and built Thinkific to a $1.36B market cap.
"Greg made the decision to move back in with his parents to save money, and with his computer engineer brother as his partner, started the first version of what would become Thinkific."
Greg's entrepreneurial journey started at age 11: "He built a marble 'theme park' and invited the neighborhood kids to come over and play, and then sold them candy he bulk purchased."
While studying law, Greg created a blog to share lessons on how to pass the LSAT. "He then created his first online course, also on the LSAT. It was very early days for selling courses back then, so Greg couldn't find any good platforms to help."
So he hired a programmer to build something basic. "That was 13 years ago, and his LSAT course is still selling online today!"
"Although Greg loved working as a lawyer, he couldn't fight the urge to build something of his own, and eventually left his job to start a business."
Greg partnered with his computer engineer brother. They "initially sold a much more hands-on service" before building the platform.
In 2021, Thinkific did an IPO on the TSX raising $160 Million. The company reached a market cap of $1.36 billion - one of the rare Canadian tech unicorns.
Moving back with parents to save money is a valid startup strategy
Side projects from professional school can become billion-dollar companies
Sibling partnerships can work when skills complement (design + engineering)
An LSAT course from 13 years ago can still generate revenue
Start with hands-on service before building software
Inspired by Greg's journey? Generate a business idea in the Content Creation space using AI and real founder data.
Greg achieved 4 milestones on the path to $100K ARR
$1,000
$10,000
$100,000
The journey, decisions, and context behind this milestone
See the complete breakdown: launch strategy, validation methods, startup costs, expert analysis, replication playbook, and more actionable insights.
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