Outsite Co-Founder Liz Ribot on Raising $3.5 Million, Opening 15 New Co-Living Spaces in 1 Year and Building a Global Community (Ep 72)

Learn how intentional guest curation, virtual connection, and distributed teams can turn co-living into real community. ============================ Get the Monday Minute my weekly email with 3 personal recs for travel, culture, and living beyond borders you can read in 60 seconds. ============================ ON THIS EPISODE Liz Ribot shares her experience growing up in Puerto Rico, her travel journey, and ultimately co-founding Outsite—a global network of co-living spaces in some of the world’s most epic locations. She opens up about leaving her office job to pursue entrepreneurship, the importance of finding the right business partners, and then explains how the Outsite co-founders divide responsibilities and what her role as the COO entails. Liz explains the value proposition of Outsite and how their primary focus has shifted from “lifestyle design” to “building community”. She also explains how they screen guests, curate community, how their membership-subscription program works, how the virtual Outsite community arose and now thrives on the Slack platform, and what guests can expect when staying at an Outsite location. Liz also takes us behind the scenes of scaling the company and shares what it was like going through the “500 Startups” accelerator program, raising $3.5 million, opening 15 new locations in a single year, and what the #1 biggest business challenge has been for her throughout the process. She shares her top tips for productivity and stress management, and also shares her #1 hiring criteria. She then explains how she manages an internationally distributed team and coordinates project management across multiple continents and time zones. Liz then shares what travel means to her, how she structures her lifestyle as a location-independent business owner, and what the future holds for Outsite. → Full show notes with direct links to everything discussed are available here. ============================ FIND YOUR NEXT EPISODE Explore The Maverick Show Starter Packs — some of my favorite conversations curated by theme so you can easily find the episodes that match your interests. ============================ FREE RESOURCES FOR YOU See my Top 10 Travel Apps See my Top 10 Books that Shaped the Way I Travel See my 7 Keys For Building A Remote Business (Even in a space that’s not traditionally virtual) Watch my Video Training on Stylish Minimalist Packing so you can join #TeamCarryOn See the Travel Gear I Use and Recommend See How I Produce The Maverick Show Podcast (The equipment, services & vendors I use) ============================ ENJOYING THE SHOW? Follow The Maverick Show on Instagram and DM Matt to continue the conversation Please leave a rating and review — it really helps the show and I read each one personally Support the show by buying me a coffee — espressos help me produce significantly better podcast episodes!