Everything Jesse Pujji said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Pujji: Generating $1M SaaS ARR is as hard as $1M services EBITDA
“Getting a million dollar SaaS ARR is probably as hard as getting a million dollars in EBITDA, let's say in a services business. And guess what? They value those streams are valued exactly the same. So like the market is very efficient in terms of how it treats…”
Pujji: Ampush halved headcount while growing revenue after Red Ventures invested
“When they invested in Ampush, I cut the headcount under their sort of tutelage by more than half. And our revenue grew during that time.”
Pujji: Bootstrapped founders should run PE roll-ups instead of raising VC
“If I'm a profitable bootstrap founder, including myself, like even for growth assistant and other things, I'm like, this seems like such an obvious path to create a tremendous amount of value. That's like better than the venture path for so many different reas…”
Pujji: Niche financial intelligence data provider is easily a $10M EBITDA business
“Basically go through the biggest public companies and you create information that the investment in hedge fund world uses. And I think that's Easily a ten million EBITDA business. Maybe more.”
Pujji: College pedigree matters and Wharton was his biggest career meal ticket
“I think, well, one is depending on your age, it does matter where you go to college. And that's like a fun one on Twitter that I always throw at people because people love saying it doesn't. And I can tell you that the biggest meal ticket of my life was going …”
Pujji: First-order profitability is the only metric that matters in e-commerce.
“The only thing that matters in EcomDude is first order profitability. It's just the only thing that matters. And if you can't be first order profitable and scale, then it doesn't matter. It's your, basically the market will tell you if the idea is good or not …”
Pujji: 'Bootstrap giants' sit between VC startups and lifestyle businesses
“And I think there's a big opportunity between the sort of, you know, lifestyle business and the venture funded business. There's a lot of businesses in between that I call bootstrap giants. There are these ambitious but self-funded profitable companies that ca…”
Pujji: OpenAI will crush thin horizontal wrapper startups
“I think one of the challenges people to be careful of when building on top of open AI is like, if your solution is too horizontal, they're eventually going to eat your lunch.”
Worthwhile startup advisors should personally invest $25,000 to $50,000
“Anyone who's worth being an advisor probably should have 25 to 50,000 dollars to put into your company.”
Pujji: Most nine-figure e-commerce tech businesses do not rely on Shopify
“The biggest thing that, you know, industry or market wise was, dude, there's a bunch of nine figure e-com tech businesses. None of which, like with the exception of Klaviyo and maybe Attentive have anything to do with Shopify.”
Pujji: Creative is the new targeting in modern Facebook ads
“The new Facebook, you know, at paradigm is targeting like creative is the new targeting. So for anyone listening, running Facebook campaigns, you don't need to target anymore. It's broad. You let Facebook's algorithm figure it out.”
Pujji: Vertical media will become the dominant internet format in 2023
“I think I predict if we're right about Kahani that sometime this year, it's going to become a must have thing that your e-com site has tons of vertical media integrated into it to have the right rich experience that a user demands. But I think it's going to ha…”
Pujji: Startups Building on OpenAI Risk Fast Commoditization
“I think a lot of these companies the risk getting commoditized because the real tech, the real deep tech is GPT threes. It's open AIs. And if you're building on top of that, everyone's going to have the same functionality at some point. And so like, I don't kn…”
Pujji: McKinsey makes over $1B from PE consulting at 55% EBITDA margins
“McKinsey has an over billion dollar business just for private equity firms. It's got 55% EBITDA margins.”
Pujji: Aux Insights advised PE clients to reject 25% of target acquisitions
“We've had, I mean, it's a young business. We've only done 20 projects, but let's say on 25%, we've said we should, you should stay the hell away from it.”
Pujji: Ampush got a $5M interest-free loan in exchange for aggregate Meta data
“So this guy, Peter, he's a good friend of mine now, he gave us a five million dollar loan, so we didn't have to pay any interest to our bank to do working capital, and all I had to do was basically give him a real-time feed from our Tableau or whatever, our ag…”
Pujji: Use bad creative initially to train the Facebook pixel's core audience.
“Part of it is you almost want bad creative upfront because you want Facebook's algorithm to get a better and better signal on who your audience is. And if you give them too much good creative, like, you know, if I show you a pretty girl with dancing around or …”
Pujji: Entrepreneurship's true purpose is self-improvement, not wealth or changing the world
“Everybody tells you entrepreneurship is about freedom. They tell you it's about making money so much money that, you know, you want it to do with it, or they tell you it's about changing the world. And I think those are all lies. I mean, I think that the actua…”
Pujji: Agency clients inevitably take work in-house; it is when, not if
“Everyone wants to take the business in house at some point. I mean, that's just the natural way of things. And it's just a matter of when, not if that's another people lie to themselves about. It's like at some point they want to take it in house.”
Pujji: Founders should pivot within six to twelve months if traction stalls
“I think the entrepreneur's version of that is like, you never go broke by making a quick pivot. And so, you know, I think how long have we given it a year and change? Like, I think the, to me, it's like no more than a year, you know, and six months of like rea…”
Founders should scale one business for 5 to 7 years before diversifying
“Find one thing, like find one business and just go really hard at it for five to seven years and make it enough scale so that you can either sell it and make a lot of money or it generates enough cashflow that you can, you have some flexibility and make sure a…”
Pujji: The biggest AI winners will dominate narrow vertical matrices
“I think the most successful companies is somewhat obvious or not obviously, but it will take one square of that matrix. Like I said, customer service for banking and go, that is a very specific solution. I'm going to have the best models. I'm going to teach, I…”
Pujji: Advisory boards distract founders from selling to customers
“Building an advisory board is one of the, I'd put it as one of the many distractions that entrepreneurs create to think that they're going to build a better business instead of just selling stuff to customers.”
Pujji: The Plunge could be a $10M business generating $2M annual profit
“Cause I think it, I still believe what I've said to you every time, which is, is this going to be a hundred million dollar business? I don't know, but do I think it could be a ten million dollar business that made one to two million dollars a year? A hundred p…”