Patrick Campbell just sold his startup, ProfitWell, to Paddle for $200 million.Highlights (go straight to ? for the best stuff):
0:00 – "My problem is I'm always curious if other people are living a better dream than me."
1:30 – The major downside to bootstrapping is the lack of network
2:20 – Selling ProfitWell to Paddle, and integrating the two teams.
4:15 – How ProfitWell got started (2012)
6:00 – Initially three co-founders (Crunchbase)
7:20 – Patrick's background (what he did before ProfitWell)
10:10 – What did bootstrapping ProfitWell look like? (How much did each founder invest?)
14:15 – Do you want to be a lifestyle company or a "big ass company?" ?
15:55 – What salary did Patrick pay himself? (Tweet) ?
18:25 – Differences between Patrick (ProfitWell) and Josh Pigford (Baremetrics) ?
21:45 – Should bootstrapped companies go freemium and try to "win the market?" ?
26:40 – The characteristics of your market determine most of your outcomes ??
29:24 – "Don't underestimate the velocity and size of your market." ?
34:35 – What doe the average SaaS company spend on sales and marketing? ?
37:39 – Pricing your SaaS discussion ?
42:45 – Why competitors entering a new market can be better for your company. ?
47:10 – Should bootstrapped companies try to "own the market?" ?
52:10 – "We're in the second phase of SaaS: here's what's coming next." ?
61:53 – Did ProfitWell employees have equity?
What should we talk about next?
Twitter: @buildyoursaas, @mijustin, @jonbuda, @jsonpearl, and @helenryles

Email us: support@transistor.fm

Thanks to our monthly supporters

Pascal from sharpen.page
Rewardful.com
Greg Park
Mitchell Davis from RecruitKit.com.au
Marcel Fahle, wearebold.af
Ethan Gunderson
Anton Zorin from ProdCamp.com
Bill Condo (@mavrck)
Ward from MemberSpace.com
Russell Brown from Photivo.com
Evandro Sasse
Austin Loveless
Michael Sitver
Fathom Analytics
Dan Buda
Colin Gray
Dave Giunta

Want to start a podcast on Transistor? Justin has a special coupon for you: get 15% off your first year of hosting: transistor.fm/justin

★ Support this podcast on Patreon ★