Episode 732 | Lessons Learned Bootstrapping to a $615M Exit

In episode 732, Rob Walling interviews Jeff, a mostly anonymous and retired founder, about his mostly bootstrapped business and subsequent exits. Jeff shares how he started the company in 2003 and how he persevered in the early, lonely years to achieve traction in the business. They also discuss finding fulfillment after a huge, life-changing exit. Topics we cover:  2:17 – Jeff, the retired SaaS founder you haven’t heard of 3:32 – Refreshing the bank balance after multiple exits 5:26 – ARR multiples across several exits 8:11 – “Accidentally” SaaS, growing the business in the early days 11:35 – Getting through the toughest moments in the journey 16:31 – Why did the business work? 20:14 – “Short term generous, long term greedy” 24:32 – Staying busy after an exit 32:09 – Giving back to founders Links from the Show:  Purchase The SaaS Launchpad before September 30th to get access to a live Q&A with Rob TinySeed Retired Founder (@RetiredFounder) | X Contact Retired Founder Beyond The Finish Line If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify

In episode 731, join Rob Walling and Derrick Reimer as they tackle some more advanced listener questions. They discuss delegation and giving up areas of control as a founder, including examples from their time together at Drip. Derrick describes how he approaches partnering with other SaaS businesses and why planning a full quarter ahead doesn’t work for many bootstrapped founders. Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.  For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”  Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.  To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.  Topics we cover:  1:17 – Delegating as a perfectionist 7:19 – Learning to hire those that are better than you in some domains 14:50 – Risk vs. certainty 19:01 – Finding specialized marketing roles vs. a generalist 24:04 – Managing partnerships with other SaaS products 31:17 – Reaching out about partnerships 32:46 – Quarterly planning for your SaaS 34:20 – Planning in smaller time blocks 40:58 – Quizzing developers’ on their knowledge Links from the Show:  Purchase The SaaS Launchpad TinySeed The SaaS Playbook MicroConf YouTube Channel Derrick Reimer (@derrickreimer) | X SavvyCal Finding Fulfillment by Jason Cohen Shape Up If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify

In episode 730, Craig Hewitt turns the table and interviews Rob Walling about releasing The SaaS Launchpad course. Craig, founder of Castos, asks Rob about the course's purpose and structure, which founders that it’s designed for, and why he made a course as opposed to a new book, or a YouTube series. They also discuss the pricing strategy, hosting platforms, accountability, community, and more. If you’re trying to take your SaaS from zero to one, purchase The SaaS Launchpad before September 30th to get access to a live Q&A with Rob. Topics we cover:  2:00 – Why a course? 4:35 – Who is it for? 9:37 – Breaking down the pricing behind the course 14:32 – Choosing a platform to host the course 17:47 – Enabling action from those who enroll 27:33 – Course topics that help founders get early traction 30:26 – The biggest problems early-stage founders face Links from the Show:  The SaaS Launchpad Craig Hewitt (@TheCraigHewitt) | X Castos The Rouge Startups podcast Craig’s YouTube Channel Episode 606 | The Podcasting Landscape, Keeping Your Saw Sharpened, and Scaling Your Team with Craig Hewitt The SaaS Playbook MicroConf Connect MicroConf Mastermind Matching The MicroConf YouTube channel TinySeed Episode 726 | Selling 29,000 Copies, Information vs. Motivation, and Making Your First Level Last (A Rob Solo Adventure) Circle.so Ruben Gamez (@earthlingworks) | X Lianna Patch (@punchlinecopy) | X Derrick Reimer (@derrickreimer) | X Ross Hudgens (@RossHudgens) | X Episode 628 | The 5 PM Pre-Validation Framework If you have questions about starting or scaling a software busines...

In episode 729, join Rob Walling as he shares insights from the 170+ SaaS investments he’s made through his B2B SaaS accelerator, TinySeed. Key patterns include the survivability of SaaS, the lucrative value of these companies, and commonalities across the ones that grow the fastest. To see even more patterns that didn’t make this episode, be sure to check out the MicroConf YouTube channel. Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.  For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”  Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.  To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.  Topics we cover:  2:24 – Survivability of B2B SaaS in TinySeed 4:09 – SaaS is extremely valuable 8:26 – Vertical and orthogonal SaaS face fewer headwinds  12:36 – A supermajority of TinySeed companies want a big exit 15:51 – TinySeed founder count aligns with the broader MicroConf ecosystem 17:04 – Ruined cap tables have prevented deals 19:35 – A quarter of TinySeed companies raise subsequent fundraising 21:17 – Common advisory topics: pricing, plateaus, cofounders, funding, selling Links from the Show:  Apply for TinySeed Invest in TinySeed MicroConf YouTube: 6 Lessons From My Most Successful Investments (B2B SaaS) Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring Gets Easier, and More Hot Take Tuesday Topics Episode 728 | Bootstrapping Gymdesk to a More Than $32.5M Exit State of Independent SaaS Report If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes |

In episode 728, Rob Walling interviews Eran Galperin, founder of Gymdesk, about his incredible exit. Eran shares his journey of transforming Gymdesk from "Martial Arts on Rails" into a successful gym management software company. He discusses how they succeeded in a competitive market, the role of TinySeed in their growth, and how feelings of burnout eventually led to a majority buyout for the company. Topics we cover:  2:02 – Gymdesk Announces a $32.5 Million Strategic Growth Investment 5:13 – How the investment will be used 6:38 – Eran’s projects before Gymdesk 9:21 – Sticking with one idea long enough to see success 12:45 – Entering a competitive market 16:37 – Rapid growth as a marketing leader 20:54 – Dealing with burnout and entertaining an acquisition 26:45 – Handling a stressful sales process 32:19 – The future of Gymdesk Links from the Show:  Apply for TinySeed Gymdesk Announces a $32.5 Million Strategic Growth Investment from Five Elms Capital Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring Gets Easier, and More Hot Take Tuesday Topics Gymdesk.com Eran Galperin (@erangalperin) | X Eran Galperin | LinkedIn Eran’s Website Financial Independence, Retire Early (FIRE) Explained: How It Works Discretion Capital If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify

In episode 727, Rob Walling is joined by Tracy Osborn and Einar Vollset to give their hot takes on some recent news. First they celebrate Gymdesk’s recent funding and evaluate what that means for TinySeed companies. Then, they weigh in on bootstrapper hiring, grappling with new challenges as MRR grows, and how to really move the needle in your business. Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.  For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”  Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.  To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.  Topics we cover:  2:19 – Gymdesk Announces a $32.5 Million Strategic Growth Investment 9:06 – Is it getting easier for bootstrappers to hire? 12:22 – Facing different challenges as MRR grows    19:37 – Identifying what really moves the needle 23:56 – Listen to those who have built businesses before you Links from the Show:  Subscribe to the Startups For the Rest of Us Email List TinySeed The SaaS Playbook Discretion Capital Tracy Osborn (@tracymakes) | X Einar Vollset (@einarvollset) | X TinySeed (@tinyseedfund) | X Gymdesk Announces a $32.5 Million Strategic Growth Investment from Five Elms Capital Eran Galperin (@erangalperin) | X Episode 697 | 7 Predictions for SaaS Bootstrappers in 2024 State of Independent SaaS Report The Elephant in the room: The myth of exponential hypergrowth

In episode 726, join Rob Walling for a solo adventure where he covers several topics. In this episode he reveals the sales details around “The SaaS Playbook” by sharing the volume and sales channel data. He explores the importance of motivation over mere access to information, particularly for developers, with the introduction of AI. Rob also previews several exciting projects to be released in the near future. Topics we cover:  2:49 – The SaaS Playbook sales channel breakdown 8:20 – Learnings from the book launch 9:51 – Upcoming books and courses 12:07 – ”Teach them how to run fast, better” 16:04 – Access to information vs. motivation 19:40 – Creating your onboarding last Links from the Show:  Discretion Capital Einar Vollset (@einarvollset) | X Episode 707 | Once.com, Open Source to FT Income, and More (Hot Take Tuesday) TinySeed The SaaS Playbook The SaaS Launchpad video course Sherry Walling (@sherrywalling) | X Netflix’s Sprint John Romero (@romero) | X Masters of Doom by David Kushner Doom Guy by John Romero If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify

In episode 725, join Rob Walling and Ruben Gamez as they answer several more advanced listener questions. They discuss the challenges of pursuing freemium as a bootstrapper and make a suggestion that might surprise you. Rob and Ruben also talk about why building your business as a SaaS founder is usually the best way to build your brand indirectly. Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.  For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”  Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.  To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.  Topics we cover:  2:31 – Considering a freemium plan as a bootstrapper 9:52 – Freemium, but without the intent to convert free users 12:24 – Raising prices as an alternative to starting a freemium plan 18:32 – When to start caring about your “brand” 25:10 – Investing directly in branding 31:00 – Revisiting your marketing funnels 34:08 – AI’s impact on SEO 38:20 – Google’s search results are already changing Links from the Show:  Get notified about The SaaS LaunchPad Ask a Question on SFTROU Email a Question on SFTROU MicroConf TinySeed The SaaS Playbook Ruben Gamez (@earthlingworks) | X SignWell Episode 724 | Managing Managers, Breaking Through Plateaus, Thoughts on EOS, and More Later-Stage Listener Questions Episode 717 | Bootstrapping to $1.3M ARR and 300,000 Free Users Val Sopi (@valsopi) | X Blogstatic

In episode 724, join Rob Walling as he takes on some later-stage listener questions in another solo adventure. He provides several tips for managing managers, how to break through MRR plateaus, and how to think about SaaS versus agency work. Rob also offers his take on how he would talk about his product at conferences, without overselling it. Topics we cover:  3:48 – Three tips for managing other managers 8:42 – Schedule “skip level” meetings 9:50 – Attending a conference without overselling 15:00 – Breaking out of the $20k-$30k MRR plateau 19:57 – How to keep your self-serve SaaS from becoming an agency 23:58 – Scaling management through company growth Links from the Show:  Get tickets for MicroConf Europe in Dubrovnik, Croatia (before August 15th) TinySeed Christopher Gimmer (@cgimmer) | X Episode 480 | Stairstepping Your Way to SaaS with Christopher Gimmer Seeking Scale If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify

In episode 723, Rob Walling interviews Charles Duhigg, a Pulitzer Prize-winning journalist and bestselling author, about the significance of effective communication for founders. They discuss practical advice on recognizing different types of conversations, techniques for understanding and transitioning conversations, and how to quickly move past small talk in a conference setting. Episode Sponsor: Hiring senior developers can really move the needle in your business, but if you bring on the wrong person, you can quickly burn through your runway. If you need help finding a vetted, senior, results-oriented developer, you should reach out to today’s sponsor, Lemon.io.  For years, they’ve been helping our audience find high quality, global talent at competitive rates, and they can help you too. Longtime listener Chaz Yoon, hired a senior developer from Lemon.io and said his hire ”definitely knew his stuff, provided appropriate feedback and pushback, and had great communication, including very fluent English. He really exceeded my expectations.”  Chaz said he’d definitely use Lemon.io again when he’s looking for a senior level engineer.  To learn more and get a 15% discount on your first four weeks of working with a developer at lemon.io/startups.  Topics we cover:  2:42 – What’s a “super communicator?” 4:35 – Getting better at being a great communicator 8:10 – Identifying the types of conversations you are having 11:31 – Transitioning between different types of conversations 16:51 – Advice for introverts engaging in deep conversations with new people 22:01 – How to quickly improve small talk 27:22 – Non-verbal communication has slightly different rules Links from the Show:  MicroConf Connect Charles Duhigg (@cduhigg) | X Charles Duhigg’s website Supercommunicators by Charles Duhigg The Power of Habit by Charles Duhigg Smarter, Faster, Better by Charles Duhigg Crucial Conversations by Joseph Grenny et. al If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify