Will Schroeder
person on 2 shows · 15 statements across 2 episodes · said 2 times in 1 episodes since 2021
Startups For the Rest of Us 2 
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Startups For the Rest of Us 2
2021 2 mentions in 1 episode
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15 statements about Will Schroeder, every show
Schroeder: Startups.com is a bootstrapped, eight-figure business with over 200 employees
“We've got a little over a million companies in the platform. We're bootstrapped started in 2012. It's an eight figure business with a little over 200 employees.”
Schroeder: The practical difference between being broke and wealthy is remarkably small
“The difference between being broke and wealthy is a very small sum of money. In other words, especially early in your career, I was 22 at the time. If you can pull together enough cash to buy a house, to buy a car, to furnish your house, which by the way is no…”
Schroeder: Only invest or hold equity in businesses you can control
“I only really want to invest in or have stake in What I can control. Yeah. Right. So I, at my, at the time, and maybe I would have made more money. I don't think so. But at the time I distinctly remember thinking, I don't know what you guys are doing with thos…”
Schroeder: Clarity takes a 15% fee and absorbs payment processing costs
“And even within that 15, 15%, we're also paying the processing fees. So we pay another three percent in processing fees, and then marketing fees, administration fees, et cetera. It's not a huge margin product, but it's actually one of our best products, like o…”
Schroeder: Clarity wins on expert quality rather than total expert headcount
“Clarity doesn't win by having more experts. Like, we have 20,000. We're long past the point where we have saturation in almost every category. Our issue now is the quality. Right? So are those folks attacking enough quality? The number of people we had would b…”
Schroeder: VC valuations are worth zero when evaluating potential startup acquisitions
“Also, personally, I don't care about VC valuations. So if, you know, if you were to say, Hey, this, the VC say it's worth sixty million dollars. I'm like, yeah, it's worth zero to me.”
Taking $250k off the table is a founder's most life-changing money
“If you can ever take a 250,000 dollar check off the table, it will be maybe the most life changing money you'll ever have, because it's all the money that you need to do all the things that you haven't been able to do for a very long time.”
Swapalease reached $3M revenue and $1.5M EBITDA within two years
“So it was doing almost no revenue. And then within the first year or two, we're doing about three million in revenue, but on like a 1,000,005 in EBITDA. And that was all through performance marketing.”
Startups.com generates eight-figure revenue while operating debt-free and profitably
“We say it's eight figures, so you can figure it's at least that, but we're debt free and profitable.”
Will Schroeder completes his core productive work in three hours daily
“So I would probably say I'm available for about 50 hours a week, and I would say my core focus hours of where I get productive things done are about three hours a day.”
Founders claiming they must work 80-hour weeks need better time management
“Anybody that's working 80 to a hundred hours and says they can't work less, I would highly challenge that.”
Founders taking on outside investors or service clients still have bosses
“You take on investors, you have bosses. You take on certain clients, you know, in professional service work, you have bosses.”
Founders should explicitly outline an anti-goal list of things they refuse
“And what I tell the founders, particularly young founders, and it's not specific to them, but the earlier you can get started on this list, the better. Is make that list first.”
The first two years of spending venture capital are inherently inefficient
“The first year to two years of spend with a VC money is so wildly inefficient, by definition, because you're experimenting like crazy, right? So you have this massive amount of inefficiency between validating the idea, getting the right team, trying all these …”
Acquiring an existing product usually beats spending equivalent capital to build
“So if I could spend 250,000 dollars to build my own product, or 250,000 dollars to acquire somebody else's product that probably spent even more trying to get into it, in most cases I'd take the latter every single time. Because the one thing that, that money …”