Growth strategies for bootstrapped startups

A podcast by and for founders who are brave (or crazy) enough to grow their businesses to profitability without venture capital.

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“There’s so much content out there about VC-backed companies. If only 1% of startups get venture capital, then 99% are ProfitLed. To me, these are the unsung heroes of SaaS.”

Melissa Kwan, eWebinar Cofounder/CEO, ProfitLed Host

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Melissa Kwan

Learn from ProfitLed founders and strategists

Season 3

S3E3
S3E3: Bootstrapped 20 Years to Life Changing Exit | Simon Swords
Bootstrapped 20 Years to Life Changing Exit | Simon Swords

"The money is a happy side effect of what I did. To have done it purely for that wouldn't have yielded the same outcome."

Simon Swords
Simon Swords
Chairman
S3E2
S3E2: In Pursuit of Freedom | Chris Walker
In Pursuit of Freedom | Chris Walker

"When I realized the marketing industry doesn't run on merit, it became clearly purposeless to me and I made the decision to move on."

Chris Walker
Chris Walker
Founder
S3E1
S3E1: The Intersection of Passion, Profit, and Purpose - Intro to Season Three
The Intersection of Passion, Profit, and Purpose - Intro to Season Three

"The intersection of passion, profit, and purpose, and how those change once founders come into financial success."

Melissa Kwan
Melissa Kwan
Cofounder and CEO

Season 2

S2E27
S2E27: The 12 Most Shocking Surprises on Our Way to $1M ARR
The 12 Most Shocking Surprises on Our Way to $1M ARR

"Everything we thought would make a huge impact, did not."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E26
S2E26: 9 Most Important PLG Lessons Learned
9 Most Important PLG Lessons Learned

"Trying things that don't work is part of building a startup. You don’t need to be an expert."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E25
S2E25: What Lifestyle Business Means
What Lifestyle Business Means

"A lifestyle business chooses happiness over revenue to give everyone involved a great life."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E24
S2E24: 5 Pricing Decisions that Turned Out to be Costly Mistakes
5 Pricing Decisions that Turned Out to be Costly Mistakes

"Pricing is not easy to reverse. It requires dev work and delicate customer communication."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E23
S2E23: Why We Stayed Away from Enterprise
Why We Stayed Away from Enterprise

"Enterprise is not a way to a quick win, even if it seems like it."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E22
S2E22: 5 Wrong Hires that Ended Up Costing $450k
5 Wrong Hires that Ended Up Costing $450k

"The most expensive thing for all these hires is not money. It’s time."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E21
S2E21: When Our Startup Became a Real Business
When Our Startup Became a Real Business

"You never feel like you know what you're doing because you're facing new problems."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E20
S2E20: Social Selling and Personal Branding
Social Selling and Personal Branding

"If you're not building a personal brand, you are losing to someone who is doing that."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E19
S2E19: 12 $0 Marketing Strategies
12 $0 Marketing Strategies

"$0 marketing strategies, but a million dollars worth of effort."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E18
S2E18: The Customer is NOT Always Right
The Customer is NOT Always Right

"If the customer's always right, you're in a world of pain."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E17
S2E17: You Pay Peanuts, You Get Monkeys
You Pay Peanuts, You Get Monkeys

"Your products’ value doesn’t decrease based on someone's inability to pay for it or see your worth."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E16
S2E16: Our $130k Mistake in Affiliate Marketing
Our $130k Mistake in Affiliate Marketing

"We spent $130k in 10 months and only attributed $500/month of revenue."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E15
S2E15: How We Decided on Our Roadmap
How We Decided on Our Roadmap

"You can't make data-driven decisions when there aren't enough users and usage to measure."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E14
S2E14: 10 Go-to-Market Strategies that Didn't Work
10 Go-to-Market Strategies that Didn't Work

"You don't know what's going to work unless you try. What worked for someone else and their audience may not work for you."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E13
S2E13: Owning SEO When Marketing Agencies Suck
Owning SEO When Marketing Agencies Suck

"Most agencies can’t go from 0 to 1 which requires trial and error but can go from 1 to 2. It’s a very different skill set."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E12
S2E12: Staying Super Duper Lean
Staying Super Duper Lean

"Staying lean is not a thing you do, it's a philosophy of how you build your company every day, and how that trickles down to your team."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E11
S2E11: Leveraging Customers to Sell Our Product
Leveraging Customers to Sell Our Product

"All the content and language you need to market your product already exists within your customers."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E10
S2E10: Importance of Founder-Led Sales
Importance of Founder-Led Sales

"No salesperson you hire will respect a founder who can't figure out how to sell their own product."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E9
S2E9: Product Launched, Now What?
Product Launched, Now What?

"The biggest surprise was most people didn't understand the solution. Then we realized how hard selling was going to be."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E8
S2E8: Launching Our MVP and Converting 85% of Trials
Launching Our MVP and Converting 85% of Trials

"The most impressive thing was that we converted 85% of our trial users at the first billing date."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E7
S2E7: Coming Up With Our Business Model and Price Point
Coming Up With Our Business Model and Price Point

"You have to pick a price point you can justify. Someone will think it's too expensive or too cheap."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E6
S2E6: Going from Idea to Product Launch in 16 Months
Going from Idea to Product Launch in 16 Months

"Bootstrapped companies have no choice but to generate revenue from day one."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E5
S2E5: Recruiting a Top 1% Cofounder and CTO
Recruiting a Top 1% Cofounder and CTO

"You need so much more than equity to get the best CTOs excited and bring them on board."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E4
S2E4: Building a Founding Team with Limited Resources
Building a Founding Team with Limited Resources

"Find senior people who have financial stability and are willing to take risks because they want a career and lifestyle change."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E3
S2E3: Why Bootstrapping Over Venture Capital Funding
Why Bootstrapping Over Venture Capital Funding

"The biggest misconception about bootstrapping is that there is zero capital. Founders invest their own money and can raise from friends and family."

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E2
S2E2: Picking 1 Idea Out of 1000
Picking 1 Idea Out of 1000

"Many ideas will make money. People should ask themselves first, What are the things that make me happy?"

Melissa Kwan
Melissa Kwan
Cofounder and CEO
S2E1
S2E1: Welcome to Season Two - Our Journey to $1M
Welcome to Season Two - Our Journey to $1M

"I want to give you a window into what it was actually like for us to bootstrap a startup from $0 to $1M ARR in 36 months."

Melissa Kwan
Melissa Kwan
Cofounder and CEO

Season 1

S1E15
S1E15: The Route to Wealth and Freedom Nobody Talks About
The Route to Wealth and Freedom Nobody Talks About

"If you are bootstrapped, you don’t need to grow unicorn porn style. Grow 30-40% per year and after $10m, magic happens."

Lloyed Lobo
Lloyed Lobo
Cofounder
S1E14
S1E14: How Hiring Through Dev Shops Work
How Hiring Through Dev Shops Work

"For clients who are bootstrappers, outsourcing is a necessity and not always a choice."

Thomas Vervik
Thomas Vervik
Partner
S1E13
S1E13: How to Write Blogs that Actually Convert
How to Write Blogs that Actually Convert

"There is a problem with the culture of not wanting to be salesy, that we should give and give first. We spend a surprisingly amount of the page selling our client's product."

Devesh Khanal
Devesh Khanal
Cofounder
S1E12
Office Hours 2: Troy Munson | 2x Bootstrapped Founder
Office Hours 2: Troy Munson | 2x Bootstrapped Founder

"You can absolutely run something on the side while having a full-time job. 4 hours is 17% of a day."

Troy Munson
Troy Munson
Founder
S1E12
S1E12: What They Don't Tell You About Raising Venture Capital
What They Don't Tell You About Raising Venture Capital

"The happiest founders, happiest customers, and happiest employees in the software world are those without big funding."

Greg Head
Greg Head
Founder
S1E11
S1E11: Bootstrapping as a Non-Technical Solo Founder After a Failed VC Funded Startup
Bootstrapping as a Non-Technical Solo Founder After a Failed VC Funded Startup

"I pitched one VC who said nobody will ever pay to schedule social media posts. I wanted to prove them wrong."

Amman Ahmed
Amman Ahmed
Founder
S1E10
S1E10: Post Acquisition Learnings After 12 Years Bootstrapping
Post Acquisition Learnings After 12 Years Bootstrapping

"I pitched to one VC, that was enough. I wanted to prove that I could do it on my own."

Gavin Hammar
Gavin Hammar
Founder
S1E9
S1E9: Achieving Life/Work Balance Through Intentional Life Design
Achieving Life/Work Balance Through Intentional Life Design

"We’re all winging it. Some people are further along in their journey, but we are all winging it."

Justin Welsh
Justin Welsh
Founder
S1E8
S1E8: Crafting Your Product Messaging with Your Best Customers
Crafting Your Product Messaging with Your Best Customers

"The way your customers explain the product and problem you're solving is different than the way you explain it."

Aaron Krall
Aaron Krall
Founder
S1E7
S1E7: What are Software Patents and Do I Need Them
What are Software Patents and Do I Need Them

"Patents are often incremental ideas and do not have to be Nobel Prize winning ideas."

Alan Macek & Geoff Mowatt
Alan Macek & Geoff Mowatt
Partners
S1E6
Office Hours 1: Meaghan Burns | Dunyasi Ventures
Office Hours 1: Meaghan Burns | Dunyasi Ventures

"Being able to build on the road and see the world as a digital nomad...that's ultimate freedom."

Meaghan Burns
Meaghan Burns
Cofounder
S1E6
S1E6: What's Non-Dilutive Capital and How to Qualify
What's Non-Dilutive Capital and How to Qualify

"Too much money can lead people to make the wrong choices. It makes them feel like they can make mistakes."

Miguel Fernandez
Miguel Fernandez
Co-Founder & CEO
S1E5
S1E5: How to Successfully Transition from Agency to Product Company
How to Successfully Transition from Agency to Product Company

"The most successful founders are annoyingly detail-oriented, they don't take no for an answer."

Tehsin Bhayani
Tehsin Bhayani
Founder and CEO
S1E4
S1E4: What It's Really Like Building a Venture-Backed Startup
What It's Really Like Building a Venture-Backed Startup

"With the focus to grow at all costs, one of those costs was my mental health."

Zvi Band
Zvi Band
Founder
S1E3
S1E3: Why a Buyer-Centric Sales Process is Your Competitive Advantage
Why a Buyer-Centric Sales Process is Your Competitive Advantage

"When you buy a Tesla, you can do it on a website. Buying software is an excruciating process."

Trevor Larson
Trevor Larson
Cofounder and CEO
S1E2
S1E2: How to Consistently Earn Backlinks and Boost SEO Rankings
How to Consistently Earn Backlinks and Boost SEO Rankings

"Spend 20% of your time writing content and 80% of your time distributing it."

Farzad Rashidi
Farzad Rashidi
Lead Innovator
S1E1
S1E1: Bootstrapping vs Venture Capital - Why Bootstrapping is Better
Bootstrapping vs Venture Capital - Why Bootstrapping is Better

"If only 1% of startups get venture capital, then 99% of startups are ProfitLed. These are the stories that need to be told."

Melissa Kwan
Melissa Kwan
Cofounder and CEO

"I listened to the first episode and almost trembled in my seat. Finally, someone was not lying to me. In this world the ratio of lies to truth is 999 to 1. You spoke the truth. Thank you."

Ajit Ghuman, Monetizely, Founder & CEO

Listen to the first episode
Ajit Ghuman