Paying off $250k in debt by starting a company making $1.5m ARR - Nick Fogle, Wavve

Nick Fogle is the co-founder of Wavve and ChurnKey, but there is a lot more to Nick than just that. Wavve is an audio to video platform which has now hit $1.5m in ARR, but Nick has only left his full time job 3 years after starting the company and 9 months after it had eclipsed his salary. Why? Well, Nick had $250,000 student loans to pay off.

What we covered in this episode:

• How Nick got into $250,000 of debt
• How he felt in Christmas 2016 when he was looking at the massive number
• What steps he took to get out of debt (he wrote a book about this)
• What advice he'd give to others in the same position
• Why he started Wavve, a video to audio platform
• How the business grew to $1.5m ARR
• What it takes to work full time and run a business
• Why staying lean is so important for him

Recommendations

• Book: Anti Fragile by Nassim Nicholas Taleb
• Podcast: Reply All
• Indie Hacker: Scott Hurff