Justin Jackson interviews Jason Cohen from WPengine about bootstrapping, and what it really takes to grow a company.
When you're building a startup you have these questions:
Should I work on my startup on the side, and grow it slowly?
Should I take investment and go full-time sooner?
These are the questions that have been circulating in my head over the past few months.
Which is why when Jason Cohen, founder of WPengine and someone I respect, replied to my tweet, I took note:
"It’s difficult to find successful companies where founders didn’t work 80+ hours and took longer than four years to get to $1M ARR. If you're two years in and you still need a day job then by definition it doesn’t have good fundamentals. I usually think of "$10k/month/founder" as a rough measure of whether you're ready for full-time. Saying that should take three years is wrong. It's hard to find that companies that live and took that long."
Today we'll be digging into that!
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