
Helping SaaS founders for 16 years via @startupspod. Educating and investing in startups through @microconf and @tinyseedfund. Wrote https://xitter.twitterapi.xyz/t.co/I5PVb459LT.
Minneapolis, MN
Joined October 2009
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The TinySeed Millionaire Rate is 43%.
Definition: Of @tinyseedfund companies no longer in operation (sold OR shut down), 43% of those founders are now millionaires.๐ฐ
This % will obviously change over time. It's still early, and the numbers are still small (~2% of companies have shut down. ~4% have sold).
But this is yet another reminder of how resilient and insanely valuable SaaS companies are.
Personally, I find this number incredible. Much higher than I would have expected, and it brings me nothing but joy knowing the lives that have been changed through entrepreneurship.
(cc @einarvollset)
๐ Idea to Traction is out today ๐ฅ
It's the book I wish I'd had before I wasted months building things nobody wanted. Everything from finding an idea worth pursuing to landing your first paying customers, rewritten for a world where AI can build your product in a weekend.
AI can build your product. It can't tell you if anyone will pay for it.
Thank you to everyone who pre-ordered. It hit #1 New Release before it was even out. ๐
It's available in hardcover, Kindle, and on Audible, narrated by me. If you've heard the podcast, you know exactly what you're in for. My same dulcet tones and a lack of interruptions from Einar. ๐๏ธ
๐ฅ Last call: the pre-order bonuses are still open until midnight Eastern tonight. Buy the hardcover today and you get:
โ
The ebook or audiobook free
โ
Four tools from the book to find and validate your next idea
Links below ๐
In this episode of @startupspod I talk about how AI has changed the early-stage startup landscape.
And I love the quote from @earthlingworks I reference in this video about how you can build without talking to any potential customers and you will build the worst possible version of your product.
You can build a product in a day now.
That doesnโt mean anyone wants it.
This week, @RobWalling talks about his new book, Idea to Traction, and why every repeat founder he knows still talks to customers before writing a line of code.
Ep 858 ๐
startupsfortherestofus.com/eโฆ
๐ Huge thank you to everyone who pre-ordered Idea to Traction.
It doesn't come out until next week, and it's already the #1 New Release in its category on Amazon. ๐ฅ
If you haven't grabbed a copy yet, there are 3 days left to get the pre-order bonuses. Pre-order the hardcover and you get:
๐ The ebook or audiobook free
๐๏ธ A live Q&A with me next week
๐ Four worksheets covering topics from the book
Link below ๐
I got a little spicy in this conversation with @jonathanstark, talking about how AI changes many things around entrepreneurship, but some things are timeless.
podcast.ditchinghourly.com/eโฆ
Huge congrats to @syedbalkhi and the Awesome Motive team on acquiring @getdrip!
Syed has a long history with Drip, going all the way back to being an early customer and one of its most prolific affiliates.
Love seeing it come full circle โจ
Hereโs the behind-the-scenes story of our Drip.com acquisition.
Itโs been 13 years in the making.
It started in 2013, when Rob Walling (@robwalling) first launched Drip. It was under the domain GetDrip.com, and what caught my eye was the impressive visual automation workflow builder.
Around that same time, we had just launched @optinmonster too.
I remember talking with our team at the time about how cool the product was.
As Drip grew, we actually built a deep integration with OptinMonster in 2015.
Then in 2016, Clay Collins (@ClayCollins) from LeadPages team acquired Drip. I remember thinking it was a very smart buy โฆ and if Iโm being honest, I was a little jealous too because I saw the synergy clearly.
Over the years, my blog @WPBeginner became one of Dripโs top affiliates because I genuinely liked what the product offered, and our users loved it too. Iโve probably sent Drip more customers than any other affiliate.
In 2023, we decided to move all our various SaaS businesses email marketing to Drip because it was simply the best value for the price, and I compared many tools.
During these years, Drip went through a few more chapters like any established organization does from selling LeadPages, to acquiring Sleeknote, and more. I kept a close eye on the company given our partnership, and because we were both customers and recommending it to our users.
So when earlier this year the opportunity came to acquire Drip and Sleeknote, I didnโt need much due diligence. Iโd been doing it for 13 years without even realizing it.
Hereโs what I take from all this. The best business decisions Iโve made were never quick. They were things I believed in for years before the opportunity ever showed up. Use the tool before you sell it. Put your name behind things youโd pay for anyway. Play the long game.
Thank you to Rob for building it, to Clay and the Leadpages team for carrying it forward, and to Mogens (@MogensMoeller) and the entire Drip team for making it what it is today. Iโm excited to be part of the future journey as we enter the AI era.
Whatโs a tool youโve been using for 10+ years that youโd still recommend? Iโm curious.
If you missed the announcement of our acquisition, itโs in the first comment ๐
I had a great conversation with @drsherrywalling on her new Permission podcast. We talked about dealing with uncertainty, going off script, and a slew of other topics related to the mental game of being an entrepreneur.
Link in first comment ๐
Iโve invested in 375 founders. The most successful tend to share these 3 traits.
Rob Walling has worked closely with hundreds of founders. The best ones take action, have decent judgement and are coachable. His 48 hours versus eight weeks story is a cracker. Full chat with @robwalling: innovationphilosophie.riversโฆ
A SaaS founder I advise has had their domain name taken over (domain hosted at @Namecheap).
If you have an internal contact at Namecheap who might be able to help, please DM me.
A LOT of people have been asking when my MicroConf talk on SaaS moats would go live.
๐ฅ Itโs here, along with Einarโs talk.
Think of them as parts one and two of the same question: What makes a SaaS business defensible when AI makes software so easy to build?
Our first two talks from MicroConf Europe in Reykjavรญk are now out!
@robwalling covers which SaaS moats still hold up in the age of AI.
@einarvollset picks up from there: if anyone can copy your features in hours, where does defensibility come from?
Links in ๐งต:
99.3% of the people telling you that โdistribution is the only moat remainingโ have never distributed anything except that opinion.
You can build a SaaS product faster than ever.
You can also waste months on one faster than ever. Which is an impressive, deeply unhelpful technological achievement.
๐ค AI has shortened the distance between โI have an ideaโ and โlook what I built.โ
๐๐ ๐ต๐ฎ๐๐ปโ๐ ๐๐ต๐ผ๐ฟ๐๐ฒ๐ป๐ฒ๐ฑ ๐๐ต๐ฒ ๐ฑ๐ถ๐๐๐ฎ๐ป๐ฐ๐ฒ ๐ฏ๐ฒ๐๐๐ฒ๐ฒ๐ป โ๐ ๐ฏ๐๐ถ๐น๐ ๐ถ๐โ ๐ฎ๐ป๐ฑ โ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐๐ถ๐น๐น ๐ฝ๐ฎ๐ ๐ณ๐ผ๐ฟ ๐ถ๐.โ
Thatโs why I wrote my new book โบ๏ธ It's called ๐๐ฅ๐ฆ๐ข ๐ต๐ฐ ๐๐ณ๐ข๐ค๐ต๐ช๐ฐ๐ฏ.
After building and selling SaaS companies and investing in more than 240 others, I have a lot to say about what happens before you start coding.
โข Finding a problem worth solving
โข Figuring out whether you can reach the people who have it
โข Testing whether theyโll pay
โข Knowing when you have enough evidence to start building
๐ Pre-orders opened Tuesday . Thank you to everyone whoโs bought a copy or helped spread the word.
And if you tried to find it on Amazon earlier this week and couldnโt, ๐ฐ๐ต๐ฒ๐ฐ๐ธ ๐ฎ๐ด๐ฎ๐ถ๐ป. Itโs now listed on Amazon.com, Amazon.co.uk, and several European Amazon sites.
Apparently, launching a book about software also involves waiting for software ๐คท
๐ Pre-order a physical copy and get the ebook or audiobook free, plus four tools I built to go with the book.
If you know someone whoโs about to disappear into a building spree, send this their way. Iโd appreciate it ๐
Buying options: ideatotractionbook.com
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๐ I'm taking pre-orders for my new book starting today:
๐๐ฅ๐ฆ๐ข ๐ต๐ฐ ๐๐ณ๐ข๐ค๐ต๐ช๐ฐ๐ฏ: ๐๐ต๐ฐ๐ฑ ๐๐ถ๐ช๐ญ๐ฅ๐ช๐ฏ๐จ ๐๐ข๐ข๐ ๐๐ฐ๐ฃ๐ฐ๐ฅ๐บ ๐๐ข๐ฏ๐ต๐ด ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐๐จ๐ฆ ๐ฐ๐ง ๐๐
Sixteen years ago, I wrote ๐๐ต๐ข๐ณ๐ต ๐๐ฎ๐ข๐ญ๐ญ, ๐๐ต๐ข๐บ ๐๐ฎ๐ข๐ญ๐ญ for developers with a day job and an itch to build something of their own.
Since then, my books have sold more than 100,000 copies.
๐ค A lot has changed since 2010. AI lets you build software in an afternoon that once took months.
But it doesnโt stop you from building something nobody wants.
It just lets you do it faster.
๐ธ Finding a problem people will pay to solve. Talking to customers when youโd rather be coding. Getting strangers to give you money.
Those parts still take work. And another weekend of prompting doesn't make them go away.
So I wrote the book Iโd hand a founder starting from zero today:
โ
Sixteen more years of launches, wins, and expensive mistakes
โ
More than 240 SaaS investments
โ
Everything Iโd tell you before you disappear into a month-long building spree
Derek Sivers wrote the foreword. His verdict:
โThis is now the ultimate current authority on the subject, updated for a very different world.โ
๐ฅ Available for pre-order today (and get several bonuses only if you pre-order). Grab your copy at the link below ๐
Whether you buy a copy, give this a RT, or both, I appreciate your support ๐๐ป
Pre-order the book and claim the bonuses here: ideatotractionbook.com
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Coffee shop is too loud to dictate to Claude. Forced to type with my hands like some kind of fucking peasant.
This is the coolest thing I've seen on the internet today.
labs.ficuscreative.com/job_tโฆ
Always riveting recording with @einarvollset. Today he joined us from a security camera at a Norwegian gas station.
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Y'all are gonna want to check out this new podcast from @drsherrywalling ๐๐
When did we all start waiting for permission? Permission to rest (revolutionary, I know). Or to change your mind. Or to want a completely different life than the one you spent years building.
I didn't have an answer, so I did the reasonable thing and started a podcast.
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Amazing to have Corey speak from the MicroConf stage last week ๐ฅ
It was such an honor to speak at MicroConf in Reykjavik, Iceland last week.
I was a 20 year old kid with a dream to start a business when I started listening to @robwalling on Startups For The Rest Of Us.
I dreamt of going to a MicroConf for a DECADE but could never justify it until the last couple of years. So to speak, on stage, was... surreal.
The venue, the people, the city, the country โ seriously top notch!















