How a Twenty-Something Entrepreneur Landed 35% Equity | Episode 68

May 25
53 mins

Episode Description

When her business partner asked how he should pay her, AnnaMarie Davis said she didn't want 

an hourly rate. She wanted equity. She was a college student who had been working in his studio 

for months, had never been paid a dollar, and didn't entirely know what equity meant. She ended 

up with 35%.


AnnaMarie Davis is a partner at Audio and Recording, a commercial recording studio in Salt Lake 

City. She got there through competitive dance, door-to-door solar sales, two shipping containers 

she bought and returned, an investor dinner she walked into not knowing what an investor was, 

and a 2.5-hour phone call with a stranger named Eric. She is in her 20s.


What she covers:

→ Age 12: dad lost his job, dance was too expensive — so she walked into the studio owner's office and negotiated her own free tuition by teaching tap and ballet and cleaning every studio after hours, without telling her parents

→ Knocking doors in Utah selling solar at 18, offering Girl Scout cookies as part of her pitch (she actually bought them)

→ Buying two shipping containers for $6,000 to build a DIY recording studio — then discovering that soundproofing and equipment would cost a fortune

→ Getting the prompting: "Don't bury your talents and don't let your friends bury theirs" — and realizing the music world was full of audio engineers who couldn't get jobs and artists who couldn't afford studios

→ A little girl at a dance recital, a dad who ran investor dinners, and the chain reaction that changed everything

→ Walking into Tyler Jennings' investor dinner, saying "I have no idea how to do this" — and getting put in 10 group chats and invited to four more lunches

→ A 2.5-hour first phone call with her future business partner Eric, not even remembering he owned a studio

→ Working in Eric's studio for three months for free before he offered to pay her — and saying no, she wanted equity instead

→ Earning equity benchmarks tied to revenue milestones, working her way to 35% ownership while still dancing at BYU

→ Vibe coding a custom booking system because no good scheduling software exists for music studios

→ Monthly jam sessions — poets, musicians, audiobook narrators, a random violinist, and one unforgettable rendition of Don't Stop Believin' — as the free event that drove all their word-of-mouth

→ Big artists signing the wall behind a mirror (so the signatures exist but can't be posted anywhere) — and the time she had a full conversation with a major artist and didn't know who he was until after



🔗 CONNECT WITH STU

Instagram: @stu

Website: https://startupswithstu.com


📌 CHAPTERS

00:00 – Intro and growing up with four older brothers

02:30 – Age 12: dad loses his job, dance is too expensive, AnnaMarie negotiates her own tuition

06:00 – Dad stops being a lawyer and becomes an entrepreneur — what watching that taught her

09:30 – High school deal: get your associates, parents pay for everything; graduate, you're on your own

12:00 – Door-to-door solar sales at 18 with Girl Scout cookies as backup

15:30 – BYU, competitive dance, declaring entrepreneurship as a major on a whim

19:00 – The prompting: don't bury your talents, don't let your friends bury theirs

22:30 – Two shipping containers, $6,000, and the moment she realized she had no idea what she was doing

26:00 – The little girl at the recital, Tyler Jennings, and the investor dinner

30:00 – Walking in with nothing but a dream — and getting 10 group chats and four follow-up lunches

34:00 – The 2.5-hour first call with Eric Low, her future business partner

38:00 – Three months working for free, then: "Do you want me to pay you?" — "No, I want equity."

42:00 – Earning her way to 35% through revenue benchmarks

45:00 – Vibe coding a custom booking system and building word-of-mouth through jam sessions

49:00 – Big artists, hidden signatures, and the celebrity conversation she didn't know she was having

52:30 – Advice for aspiring college-age entrepreneurs




#entrepreneur #startups #founderstory #youngentrepreneur #recordingstudio #musicbusiness #womeninbusiness #saltlakecity #collegeentrepreneur #audioengineering



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