Everything Rob Walling said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Privacy purists on forums are 'assholes' about bulk email being spam
“There are privacy purists on the internet who say anytime any bulk email is spam, and they're just assholes about it, you know, and we would get this complaint all the time, and we'd have these people who were either, they were so far off in their perception o…”
Startups sacrificing code quality for speed often stall at $1M–$5M ARR
“Who hires a dev or has kind of a minority technical co-founder and they drive them and push them to write code faster and faster and faster and the code is and then they get to a 1,000,003 1,000,005 million in ARR and they stop. They lock up. You can't build f…”
Walling: Lifestyle bootstrapped businesses should never take outside investment
“If you're, if you truly want a lifestyle bootstrap, go do that, but know that your co-founder should be on the same page and don't take investment. If you're going to do that, just don't take it. There is no, the numbers don't work.”
Acquirers value growth over profitability for break-even, multi-million ARR SaaS
“Private equity and strategic acquirers, they don't care very much at all about profitability. Now, if you lose, if you're losing buckets of money, of course, but if you're running at break even and you're doubling every year and you're in the millions, people …”
Walling: TinySeed Considers a $10M Exit an Acceptable Minimum Outcome
“I like to think of our minimum as around a ten million dollar exit. If you decide to sell 10 twenties that that works, right? We'd love to see fifty million, but yeah, if you sold for ten million, well, all right, cool.”
Walling: Solo founders cannot successfully build a Drip competitor today
“To build Drip today, years of development as a solo developer, that you cannot get anyone to sign up. So that, those are amazing markets if you have funding or if you have, you know, multiple people working on it.”
Walling: Bootstrappers should avoid B2C subscriptions due to high churn
“Like, I just am so bullish on B to B and really bearish on B to C. Not only because I've owned, I think, two or three products or companies, one was an e-com site, that served consumers, but because every B to C company, specifically a subscription company tha…”
Walling: TinySeed will generate venture-like returns from $10M–$100M outcomes
“I don't think we will have a billion dollar outcome. I just don't see that being reasonable. I think we'll have a lot of 10 to 50, 10 to a hundred million dollar outcomes, and the number, we've run a bunch of models, and in fact, if you go to tinyc.com slash t…”
Walling: 100x pricing when enterprise buyers demand redlines and SSO
“The moment someone approaches you, a potential customer, and says, Cool. We like your software. We need to redline your terms of service, or we need to invoice with POs, or we need single sign-on, or we need a Salesforce integration, or we need, there's this w…”
QuickBooks and most Intuit software products are 'pretty crappy'
“I think QuickBooks is a really crappy piece of software, and I think most of what Intuit makes is pretty crappy”
Walling: Toptal founders extracted profits while early noteholders received no equity
“There's actually, isn't it, it's top towel, I believe, where they, Raise money on safe's convertible notes. They never raised another round. They haven't sold. And so all the investors don't technically own the equity and the founder can actually literally leg…”
Walling: Steve Jobs was not a great product person early on
“He was not a great product person in the early days. It was Wozniak, and obviously Jobs learned this and did become that over time.”
Walling: Clubhouse will fail because Twitter already has network effects
“My prediction is Clubhouse will be done. I know they have this amazing valuation right now, and I say amazing, what is it, billions of dollars, but it's just, for me, it's this typical Silicon Valley FOMO investor thing of everybody wants a piece of it now bec…”
Walling: Forking an enterprise SaaS plan into a separate entity is catastrophic
“To Matthew's question of forking off this higher price plan and making it its own entity. I think that is an absolutely catastrophic idea. I hate it. I hate it with the heat of a thousand burning suns.”
Walling: Selling SaaS lifetime deals penalizes your valuation during an acquisition exit
“Don't sell lifetime deals if you're in SAS. I mean, AppSumo is probably the one exception I would say. And if you're gonna sell, then you disclose when you exit that, Hey, we do have these users and you can, Give reports of this is how much they use on a whate…”
Walling: Info product audiences rarely convert smoothly into SaaS customers
“If you have an audience and you've been selling them books and courses and stuff, and you think that you can sell them software in the same way, almost without exception, it doesn't work out that way. It is much, much, much, much harder to sell a SaaS or softw…”
Walling: Perpetual SaaS affiliate commissions severely erode net profit margins
“SAS net margins kind of at scale are, let's say 30, they're 20 to 50%, 30 to 50%. I mean, if you build a SAS company that's doing ten million bucks a year and it has a 50% net margin, like you are doing very, very, very well in terms of profitability. And if y…”
Avoid business advice from founders who mistreat others
“Don't take business advice from people who have crappy personal lives, and my addition is, or who treat people in a way you don't want to treat people. And the reason I've added that is because, from what I've seen, you can be successful in business and treat …”
Rob Walling: Drip will never become a billion-dollar business
“So yes, drip, I do want to get it bigger, but drip will never be a billion dollar business. It's not, it's just not designed to do that.”
Hired employees cannot find product-market fit for part-time founders
“I haven't seen a company be started by a founder and then part-time focused and just have it magically find product market fit. Team members, employees are not founders unless they are founder level, right? They're, if they're founder level thinker and they ar…”
Aspiring founders without startup ideas should get a day job
“Well then go get a day job. Like, don't make the excuse that you haven't gone and put in the work to get some industry experience, and to get some exposure to problems day to day so that you know how a company works, and that you will inevitably see problems t…”
Founders building 10 products simultaneously to see what sticks will fail
“Don't try to build 10 things and see what sticks, because none of them are going to stick. Surprise! None of them are going to magically take off, and you're not going to learn anything if one of them does.”
Walling: Building 10 Products to See What Sticks Is for Inexperienced Founders
“I don't know of any successful founders who are on their second, third, fourth Effort that build 10 things and see what sticks. I know literally zero. That is an approach for someone who I would say just doesn't know any better.”
Rob Walling: Many SaaS Business Models Will Survive AI Headwinds
“Even in the age of AI, though, some SaaS will succeed. We know that SaaS is seeing headwinds, but there are a lot of types of SaaS companies that are going to be okay”