4min snip

Jason Fried challenges your thinking on fundraising, goals, growth, and more

Lenny's Podcast: Product | Growth | Career

notes

NOTE

Tips and Advice for Bootstrapping Your Company

Starting a business on a small budget can be tough, but it's important to keep costs low and do as much as you can on your own. Don't waste money on unnecessary expenses like branding or fancy office spaces. Stay nimble and flexible to adapt to challenges. Remember, keeping things simple is key. And most importantly, be prepared for the worst-case scenario and have peace of mind knowing that failure is a possibility.

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Transcript

Episode notes

Jason Fried is the co-founder and CEO of 37signals, the maker of Basecamp and HEY. 37signals is a very different kind of company. With fewer than 80 employees, they have over 100,000 customers, generate tens of millions of dollars in profit each year, and have no investors, board, or any plans to ever raise money or sell the company. In our conversation, we explore a path many tech founders never consider—bootstrapping. We discuss:

• Why he and his team prioritize profit above all else

• The unexpected challenges with raising venture capital

• The “Shape Up” framework for building products

• Why, and how, to foster a gut-driven culture

• Jason’s thoughts on why work should not feel like war

• Advice for starting a bootstrapped business

• The philosophy behind Once, 37signals’s new line of software products

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Find the full transcript at: https://www.lennysnewsletter.com/p/jason-fried-challenges-your-thinking

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Where to find Jason Fried:

• X: https://twitter.com/jasonfried

• LinkedIn: https://www.linkedin.com/in/jason-fried/

• Email: jason@hey.com

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Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• X: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/