37signals

11 statements across 3 episodes · 4 bullish · 1 bearish · 2 people on the record · first statement Mar 22, 2021 by Jason Fried · said 5 times in 5 episodes since 2020 · across every show →

Mentions by year

brought up most by Tristan Handy (1), Jason Lemkin (1), Harry Stebbings (1), Christian Lanng (1)

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Everything said about 37signals, oldest first

Mar 22, 2021
Assertion Not checkable as stated
37Signals did not formally incorporate or consult lawyers initially
“You know, we didn't, like, incorporate it. We didn't, like, call a lawyer. We didn't do anything official. We just said, like, let's sit together and see if we can land some business and go from there.”
Jason Fried Mar 22, 2021 ▶ 4:01 20VC: Basecamp CEO Jason Fried on His Relationship To Risk, Money, Vulnerability and Self-Doubt, Fantasising About Being Fired, How To Optimise Decision-Making and Minimising Regret
Mar 22, 2021
Disclosure
37Signals started with $10,000 from each founder
“So we each put 10,000 bucks in.”
Jason Fried Mar 22, 2021 ▶ 3:52 20VC: Basecamp CEO Jason Fried on His Relationship To Risk, Money, Vulnerability and Self-Doubt, Fantasising About Being Fired, How To Optimise Decision-Making and Minimising Regret
Jan 6, 2023
Assertion Not checkable as stated
Basecamp surpassed 37signals' agency revenue within a year of launch
“Put some prices on it, put it out in the market in February of 2004. And about a year later or so, it was doing more, generating more revenue for us than our website design business.”
Jason Fried Jan 6, 2023 ▶ 1:12 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023 bearish
Prediction Held up
Unprofitable SaaS companies face deep cuts as venture funding dries up
“If a company can't make its own money, they require outside money. Outside money dries up. Things have to change. I mean, there's gonna have to be late. There already is. It's not like this is news, but layoffs, deep cuts, some austerity measures. You know, th…”
Jason Fried Jan 6, 2023 ▶ 6:56 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023 positive
Insight
Managers should evaluate first-year employees by asking if they would rehire them
“One of the things we do is the first year is kind of a real big, I would say, I mean, people are hired, but it's kind of a test. The main question we ask at the end of the first year is would I hire this person again?”
Jason Fried Jan 6, 2023 ▶ 17:26 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023
Disclosure
Basecamp evaluates candidates with paid, one-week contract projects before full-time hiring
“When we hire people, we actually hire them first for a week, ah, on a contract basis, one week, not in every position, but in some, to actually do a project for us.”
Jason Fried Jan 6, 2023 ▶ 20:05 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023
Insight
Founders make a mistake by comparing customer counts with competitors
“This is, I think something entrepreneurs get wrong all the time. They compare themselves to someone else and they go, how many customers do they have? How many customers do they have? All that matters is do we have enough customers to make our own business wor…”
Jason Fried Jan 6, 2023 ▶ 9:06 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023 positive
Disclosure
37signals operates without a board of directors or outside funding
“Not taking money, so I'm not beholden to anybody. We don't have a board of directors.”
Jason Fried Jan 6, 2023 ▶ 2:15 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023 neutral
Disclosure
37signals operates without financial goals or growth targets beyond remaining profitable
“We don't have financial targets. We don't have financial goals besides being profitable. I'm not aiming for a certain percentage of growth on a given year.”
Jason Fried Jan 6, 2023 ▶ 13:29 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Jan 6, 2023 positive
Assertion Supported
37signals has been profitable every single year for 23 years
“We've been profitable for 23 years, every year.”
Jason Fried Jan 6, 2023 ▶ 9:32 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Sep 27, 2023 positive
Opinion
Lanng: Tech companies should ban internal political discussions to focus on building
“And I like what David Heinemann says, like, he banned politics in, in, in in signals and I think that's absolutely right. I think we shouldn't sit around the table discussing all this stuff. We should just build something and make it work, and if we're allowin…”
Christian Lanng Sep 27, 2023 ▶ 43:54 Christian Lanng: "How Being a Founder Almost Killed Me" | E1065 · 20VC with Harry Stebbings
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