The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 




every show 44 of 44
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.”
Basecamp is in a significantly better place following its political discussion ban
“I can tell you the company's in a significantly better place.”
Fried: Moving 37signals Off the Cloud Will Save Roughly $10 Million
“David wrote this great article about like getting off the cloud. It's going to save us something like ten million bucks and whatever it is.”
Fried: Software industry will swing back from SaaS toward buy-once software
“The idea behind once is David and I kind of feel like, we're probably a bit early here, but we feel like there's going to be a bit of a turn back towards the way things were. Pendulums always swing.”
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.”
Fried: Roughly 20 of 62 Employees at 37signals Received Six-Figure Cash Bonuses
“Our bonuses are based on profits. We've been profitable for 27 years, and they're distributed every year, and they're meaningful. They're, I looked this up before the show about 20 out of the 62 people Last year, or twenty-twenty-four, because we haven't close…”
Basecamp grew to its largest headcount ever following the 2021 staff walkout
“We, we've actually grown significantly bigger than we've ever been. So we rehired a bunch of people and then have hired more since. At the time that happened, we were about 60, now we're about 80, biggest we've ever been.”
Jeff Bezos bought Basecamp shares directly from founders, not as primary capital
“So Jeff Bezos bought a small piece of my shares and David shares. None of his money went into the business. The money went into my bank account and David's bank account.”
Jason Fried predicts he will leave Basecamp within ten years
“I'm certain I'm not here in 10 years but I don't know where I will be.”
Jason Fried vows to never start another company that has employees
“I'm certain actually not don't think I would never start another company with employees. I don't want to feel what I don't want to feel anymore is responsible for anybody else.”
Fried: Personally Answered Around 200 Customer Emails in a Single Day
“Yesterday, I answered like, 200 emails from my customers.”
Fried: Non-Tesla Automakers Are Reverting From Touchscreens Back to Physical Buttons
“In fact, car manufacturers with the exception of Tesla, because Tesla is outstanding, but everyone else who put a bunch of screens in their cars, they're starting to move back to dials again and buttons again, because people are like, this sucks.”
Fried: Y Combinator Only Invited Me to Startup School Once
“I was only invited once cause I was pretty anti raising money.”
Fried: 37signals has been profitable every single year for 25 years
“Our only goal is to be profitable on a given year. We've been profitable every year for 25 years.”
Fried: 37signals Generates Tens of Millions in Annual Profit
“And since we've been a profitable business for a long time, we generate tens of millions currently in annual profits.”
Fried: Basecamp was one of the first SaaS and freemium tools
“We were one of the first SAS, SAS tools, and also first freemium tools, actually, in fact.”
Fried: 37signals has approximately 100,000 paying customers across its software products
“So we've got a 100,000 or so paying customers across base camp and hay, and also high rise.”
Fried: Basecamp has roughly the same customer count as Monday.com
“Look, hey, we have the same number of customers roughly than they do.”
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…”
37signals has been profitable every single year for 23 years
“We've been profitable for 23 years, every year.”
Fried pledges never to make bet-the-company decisions
“I don't do anything that could end me. I would never bet the company on something. I would never Bet the farm on something.”
Warren Buffett keeps an open schedule and books meetings one day ahead
“If you ever want to meet with Warren Buffett, what his secretary will tell you, call the day before and ask. So Warren Buffett's schedule is open. I mean, certainly there's a few things on his schedule that he has to plan, but for the most part, it's totally o…”
Fried works strict eight-hour days and wraps up by 5:30 PM
“I work eight hour a day. I'm done at five, five 30 roughly.”
Fried: Autonomous Basecamp teams complete six-week projects over 90% of the time
“These teams are autonomous. They're not checking in with anybody automatically. They check in when they Feel like they need to check in, or they have questions, or if I want to look at something, we'll look at something, but they're given the full responsibili…”
Fried: A daily scratch-off ad app could become an international phenomenon
“Now, I think this could be huge, actually. I think a lot of people would do it. I think it could be like an international phenomenon kind of thing, because it's so stupid and simple, and like, why not?”
Fried: Over 100,000 customers pay 37signals on a monthly basis
“Over a 100,000 people pay us on a monthly basis for a variety of different products.”
37signals Built We Work Remotely in Two Weeks, Generating $30k Monthly
“We built the job board in two weeks and it was generating at the time for us something like 30 grand a month, something like that with no work, like literally close next to nothing to do.”
Stewart Butterfield Gave Jason Fried Advance Notice Before Launching Slack
“Stuart Butterfield sent me an email before they launched Slack. We were friends and he said, Hey, just want to let you know we're launching this thing. It's competitive with Campfire to some degree. We're buddies. I just want to like, let you know, like, that'…”
Fried: Tens of thousands of paying customers subscribe to HEY email
“Hey is super weird when it comes to email. Hey.com. It's just an unusual way to use email. But it resonates with tens of thousands of people who are paying for it.”
Fried: Early Groupon hired comedians to write product descriptions
“My friend of mine ran as a Chicago based company. He would hire a lot of comedians and basically show writers to write their one, their descriptions of products that they were selling on Groupon.”
Fried: Large companies adopt Shape Up via small experimental teams
“It's typically small teams inside larger companies that experiment with this. And sometimes it spreads and sometimes it doesn't.”
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.”
Basecamp's team of 60 in 2021 was its largest ever
“Managing 60 people is just hard. This is the biggest we've ever been.”
Fried: Over 100,000 customers pay Basecamp monthly
“Over a 100,000 people pay us for base camp every month.”
Fried: 37signals made hundreds of thousands selling its first book as PDF
“We wrote we self-published our first book called Getting Real. As a PDF made, like, hundreds of thousands of dollars selling a PDF, like, way back in the day”