My First Million
The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket - Jason Fried
Mar 20, 2024
In this engaging discussion, Jason Fried, the founder of 37signals and Basecamp, shares his unconventional business philosophy focused on self-funding and employee well-being. He introduces his 6-Week Sprint playbook, emphasizing adaptability over strict goals. Jason reflects on having Jeff Bezos as an investor and critiques the traditional subscription model in favor of user ownership. He also explores innovative product design and cautious investment strategies, inviting listeners to rethink success and financial risks in business.
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Quick takeaways
- Focus on short-term goals and adapt to current circumstances to achieve success.
- Introduce non-recurring revenue models to challenge subscription-based strategies and empower users.
Deep dives
Building a Self-funded Cash Cow Company
Jason Fried from 37signals shares insights on how they have built a self-funded cash cow company that generates tens of millions of profits yearly for over 25 years with minimal marketing, working only four days a week during summers, and no long-term goals. Their success stems from simplifying problem-solving and focusing on eliminating waste and inefficiencies.
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