Wrestling with capitalism, SSO, and our spending
- On a micro-scale many folks believe "how much MRR is enough?" is a silly question, because, in our current global economic model, your business has to keep growing (or it will eventually die). (CHURN will kill you)
- But on a macro-scale, our economic system relies on perpetually increasing:
- resource extraction
- population growth
- energy usage
- (Not sustainable)
- As founders, it's hard enough to wrestle with the "normal" issues, much less wrestle with existential questions. But this is the kind of stuff that keeps me up at night...
- "To succeed is to destroy ourselves. To fail is to destroy ourselves. That is the bind we have created." – George Monbiot (Guardian article)
- A remember Paul Hawken having a brighter take when I read "The Ecology of Commerce" years ago while I was taking my undergrad. I should read it again.
- “Social theorists often take just one of these moments and view it as the “silver bullet” that causes all change. We have technological determinists (Tom Friedman), environmental determinists (Jared Diamond), daily life determinists (Paul Hawken), labor process determinists (the autonomistas), class struggle determinists (most Marxist political parties), institutionalists, and so on and so forth.”
- Budgeting over time:
- Early: we spent as little as we could
- When we went full-time (April and July): still be lean, but investing in more tools
- Now: realizing (maybe) its better for us to invest in tools, infrastructure, equipment? Also: better to pay ourselves more?
- Profit first:
- We started with: 50% salaries, 15% saved for taxes, 5% profit, the rest expenses
- Maybe we need to move to: 60% - 70% salaries?
★ Thanks to our sponsors:
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- Honeybadger. A web developer's secret weapon! Modern error management that gives you more than an email and a backtrace. They also have an amazing podcast: FounderQuest.
- Tweet thread
- Guardian article
- Why is economic growth important?
- Interview with Patagonia’s founder
- Rich Roll interview with Pat Brown
- Paul Hawken's book: the Ecology of Commerce
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What is Build Your SaaS – bootstrap in 2020?
Can you bootstrap a profitable startup in 2020? Thousands of entrepreneurs, developers, designers, and product people have tried to launch their own web apps. But with so many venture-backed startups now, is it still possible? Follow Jon and Justin as they build their podcasting SaaS, Transistor.fm.