We're doing a Book Give Away!
We'll be sending copies of 'The Minimalist Entrepreneur' to folks interested in building a profitable internet business. Just follow us on Twitter or Instagram & tell us about what you want to building using the framework laid out in The Minimalist Entrepreneur book.
On the episode, we host Sahil Lavingia, Founder of Gumroad and the author of The Minimalist Entrepreneur. We talk to him about the roller-coaster ride of building Gumroad to a profitable internet business with $10 m in revenue and $1m in profit, and some concepts from the book.
Timeline:
(00:00) - An Introduction to Sahil & Gumroad's journey
(02:52) - Why the name 'The Minimalist Entrepreneur' and the intended audience
(05:34) - Differences between a VC backed startup and a small profitable internet business
(14:09) - Sahil's journey of coming out of the Silicon Valley/Unicorn bubble
(20:55) - Leveraging Communities to discover problems
(28:55) - Framework to identify ideas within a community
(35:06) - Starting with Manual Valuable Process even before building a product
(40:45) - How to start a business without worrying about all the skills you need
(47:52) - Sahil's 20 Yr plan to becoming a Sci-Fi Writer
(53:23) - Gumroad's recent Crowdfunding round of $5m and how is it different from VC
(58:51) - Sahil's Experience of being an Angel Investor
(01:03:44) - Sahil's relationship with Money
