Patrick Campbell: why ProfitWell sold to Paddle for $200M
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 Rewardful.com Mitchell Davis from sixsides.co Marcel Fahle, wearebold.af Bill Condo (@mavrck) Ward from MemberSpace.com Evandro Sasse Austin Loveless Michael Sitver Dave Giunta 🎙️ Podcast hosting is provided by Transistor.fm . 📺 Learn how to start your own podcast ! ★ Support this podcast on Patreon ★