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Solving the cash problems from self-funding rapid growth

138 点作者 bretthopper大约 9 年前

6 条评论

seibelj大约 9 年前
Not enough companies bootstrap. Some people work 45 hours / week at their job and 55 hours / week on their side business. That is less risky to me than taking investment and working 100 hours / week on a VC funded business.
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Rezo大约 9 年前
All of ConvertKit&#x27;s SaaS metrics are visible to the public at <a href="https:&#x2F;&#x2F;convertkit.baremetrics.com" rel="nofollow">https:&#x2F;&#x2F;convertkit.baremetrics.com</a><p>Fascinating company to follow, an &quot;overnight success&quot; after years of hard work. Look at that MRR go <a href="https:&#x2F;&#x2F;convertkit.baremetrics.com&#x2F;stats&#x2F;mrr#start_date=2013-03-03&amp;end_date=2016-04-02" rel="nofollow">https:&#x2F;&#x2F;convertkit.baremetrics.com&#x2F;stats&#x2F;mrr#start_date=2013...</a><p>I remember hearing about Nathan and ConvertKit years ago on patio11&#x27;s podcast when they were discussing pricing. Congrats on bootstrapping to some impressive numbers, don&#x27;t forget to enjoy some of the benefits now!
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sharp11大约 9 年前
Interesting read, but… Specifics? &quot;Hope and teamwork&quot; was all it took to get on top of a crushing backlog of support requests? Sounds like a fairytale…
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graeme大约 9 年前
Thanks for sharing Nathan, glad to see things are working out so well for Convertkit! And very glad to see a bootstrapping story in such detail.<p>Nathan&#x27;s book Authority led to my creating a website from my books in 2013, and it&#x27;s grown handily. I currently have the opposite issue: my revenue growth slowed, but expenses are low so I have a largish runway. Recently started investing more in capital and look to be on a path to grow revenue with a new product very shortly.<p>Specifically a Macbook pro. I had been trying to launch an initial video product using a macbook air, figuring I&#x27;d buy the better computer once I had proven revenue. But that delayed me for months due to technical slowdowns. I bought the pro last week and will probably have a very minimal product out this week.<p>Slack&#x27;s been a big help. Several years into the business my processes had gotten too complex and it was slowing progress.
amasad大约 9 年前
What&#x27;s the trade off here? Say he raised money instead, would that have meant that he can focus on growth and product instead of doing house keeping?
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pbreit大约 9 年前
Great story and congrats. Could you provide a little more color on what was going on in support and how the improvements came about?