Disclosure certainty 4/5 debate potential 2/5

Fried dislikes most CEO duties beyond product building

Jason Fried · 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 · at 31:31

Jason Fried is the co-founder and CEO of Basecamp. Discussing what keeps him motivated after running the company for two decades, Fried clarifies that product creation, not executive management, drives him.

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“It's not all the other CEO responsibilities. I don't like most of those, to be honest, but, like, I'll do them. I'll do them because I get to do the other stuff.”

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More from Jason Fried

Assertion Supported
One-third of Basecamp employees quit within two weeks of political talk ban
“Ultimately about a third of the company quit in a matter of is it a week or two.”
Jason Fried Jan 6, 2023 ▶ 22:18 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
What-if
Jason Fried would ban workplace political discussions again despite the employee backlash
“If I had to make it again today, I would make the same decision.”
Jason Fried Jan 6, 2023 ▶ 23:18 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Basecamp is in a significantly better place following its political discussion ban
“I can tell you the company's in a significantly better place.”
Jason Fried Jan 6, 2023 ▶ 25:03 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
Disclosure
Basecamp does not beta test products or survey users before launch
“This is the thing I think that's so important, and this is why, like, when we build products, we don't beta test them, really, and we, sometimes we get a few people in, but we're not, like, asking people what they think.”
Jason Fried Mar 22, 2021 ▶ 15:44 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
Prediction Not checkable as stated
Basecamp will not pursue growth at the expense of profitability
“I don't want to be bigger and have much lower margins. I don't want to be bigger and lose money per customer. I don't want to be bigger and have to take a bunch of money to support that growth.”
Jason Fried Jan 6, 2023 ▶ 11:26 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
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
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