Hackers Incorporated

Revisiting "The Ideal Bootstrapped Business" with Jason Cohen

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Mar 25, 2023
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ANECDOTE

Talk Origins

  • Jason Cohen's "Ideal Bootstrapped Business" talk originated from his experience with four million-dollar businesses and mentorship at Capital Factory.
  • He was three years into his fifth company, WP Engine, when giving the talk.
ADVICE

Price High

  • Consider higher-priced products, as fewer customers are needed for profitability.
  • Getting a thousand customers is difficult regardless of price point, so higher prices ease early success.
INSIGHT

Pricing Impact

  • Increasing prices has a surprisingly significant impact on revenue, even small increases.
  • Doubling a $10 product price doubles revenue, substantially boosting profit for self-funded companies.
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