When you're building a startup you have these questions:
- Should I work on my startup on the side, and grow it slowly?
- Should I take investment and go full-time sooner?
These are the questions that have been circulating in my head over the past few months.
Which is why when Jason Cohen, founder of WPengine and someone I respect, replied to my tweet, I took note:
"It’s difficult to find successful companies where founders didn’t work 80+ hours and took longer than four years to get to $1M ARR. If you're two years in and you still need a day job then by definition it doesn’t have good fundamentals. I usually think of "$10k/month/founder" as a rough measure of whether you're ready for full-time. Saying that should take three years is wrong. It's hard to find that companies that live and took that long."
Today we'll be digging into that! (Check back next week for Part 2)
★ Looking for community of bootstrappers?
Show notes
- Podcast in 2019!
- Justin's original tweet
- Blog post: Can you bootstrap on the side?
- Watch this interview on YouTube
- Jason Cohen on Twitter
- WPEngine recently raised $250 million
The latest from Justin:
- My new startup: Transistor.fm
- Join Justin's newsletter justinjackson.ca/newsletter
- Send Justin a message on Twitter: @mijustin
- Send Justin a message on Instagram: instagram.com/mijustin
🎙️ Podcast hosting is provided by Transistor.fm.
📺 Learn how to start your own podcast!
Popular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com