Built to Sell Radio

Ep 355 Bootstrapping to a $200 Million Exit - With ProfitWell Founder, Patrick Campbell

Sep 16, 2022

01:11:32

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Highlights

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Episode notes

A Brief History of the Co-Founders

01:56

Is There More Faith in Humanity?

02:21

How to Get Equity and Cash Incentives for Your Company

03:33

Introduction

2min

The Profit Well Origin Story - Patrick Campbell and Welge Vesareo

4min

A Brief History of the Co-Founders

2min

I'm in to Swing for the Fences, Right?

2min

Were You Going Wer Going to Make Money and Dividend It Out to You as Shareers?

4min

The Early Mistake - The Way We Fixed It Over Time

2min

How to Get Equity and Cash Incentives for Your Company

4min

What Is the Number?

4min

Then, I Don't Know What I'm Doing, but I'll Never Trust Them, Right?

4min

10.

Is It a Naive Tax?

2min

11.

Founder Vesting

2min

12.

I Was Like, Oh, I Dn't Know if They Could Technically Fire Me, Right?

3min

13.

Is There a Straw That Breaks the Cammel's Back?

2min

14.

Venture Back Company

2min

15.

The Advantages and Disadvantages of Strategics

3min

16.

What's the Difference Between Free and Services?

4min

17.

Are You Not Organized for a Sale?

3min

18.

Paddle, Are You Able to Share Properly the Proportions Cash Plus Equity?

2min

19.

I'm a Founder, and I Want to Be Known as a Founder

2min

20.

We're Justi Lifes Too Short, Right?

2min

21.

Is There More Faith in Humanity?

2min

22.

Are You Good for a Lightning Round?

4min

23.

Should We Have Hired a Banker?

2min

24.

I'm Not a Cop, but I Don't Have Perfect Information

4min

25.

Is Your Purpose Wrapped Up in What You're Doing?

3min

26.

Build the Sell Dot Com Pact Podcast

2min

In 2012, Patrick Campbell founded ProfitWell to help SaaS companies increase revenue and reduce churn by managing their data in a single place.

After bootstrapping the business to 8-figures, Campbell decided it was time to raise money. While seeking a financial investor, Paddle approached him with an acquisition offer. Soon after, in 2022, Campbell sold ProfitWell to Paddle for over $200 million.

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