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Startups For the Rest of Us
Episode 617 | News Roundup: Profitwell $200M Exit, Spreadsheet Mentality, and Watching an Acquirer Ruin Your Company
Aug 23, 2022
Einar Vollset, a bootstrapper expert, and Tracy Osborn, an online business guru, dive into a whirlwind of startup insights. They discuss the recent $200 million exit of ProfitWell and its implications on founders. The duo critiques the "spreadsheet mentality" in business, advocating for a blend of data with qualitative insights. They also share practical money tips—like whether you can truly afford to buy something twice—and emphasize the delicate balance founders must strike between optimism and realism for sustained success.
40:22
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Quick takeaways
- ProfitWell's $200 million exit demonstrates that bootstrapped businesses can achieve significant success and inspire other entrepreneurs.
- The dangers of 'spreadsheet mentality' highlight the necessity of balancing quantifiable metrics with qualitative aspects in business success.
Deep dives
Microconf Europe 2022 Details
Microconf Europe 2022 is scheduled for November 15th to 17th at the Intercontinental in Malta, featuring limited capacity which makes it smaller than previous events. The importance of attending is highlighted as attendees can gain access to valuable insights from industry leaders. Notably, Guillaume Mubech, founder and CEO of Lemlist, will be one of the speakers, representing success in bootstrapped businesses with eight figures in annual recurring revenue. More details and ticket purchasing options are available at microconf.com/Europe.
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