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20VC 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
20VC 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
DAVID SENRA Assertion Supported
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.”
Jason Fried Feb 15, 2026 ▶ 1:30:38 Jason Fried: Your Only Competition Is Your Costs
LENNY'S PODCAST Prediction Not checkable as stated
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.”
Jason Fried Dec 17, 2023 ▶ 1:23:33 Jason Fried challenges your thinking on fundraising, goals, growth, and more
20VC 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
DAVID SENRA Assertion Not checkable as stated
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…”
Jason Fried Feb 15, 2026 ▶ 1:34:12 Jason Fried: Your Only Competition Is Your Costs
20VC Assertion Supported
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.”
Jason Fried Jan 6, 2023 ▶ 25:06 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
20VC Assertion Supported
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 Jan 6, 2023 ▶ 46:21 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
20VC Prediction Open · timeframe Jan 2033
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 Jan 6, 2023 ▶ 51:38 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
20VC Prediction Open · timeframe Jan 2028
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.”
Jason Fried Jan 6, 2023 ▶ 52:29 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
DAVID SENRA Assertion Not checkable as stated
Fried: Personally Answered Around 200 Customer Emails in a Single Day
“Yesterday, I answered like, 200 emails from my customers.”
Jason Fried Feb 15, 2026 ▶ 26:21 Jason Fried: Your Only Competition Is Your Costs
DAVID SENRA Assertion Supported
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.”
Jason Fried Feb 15, 2026 ▶ 2:02:22 Jason Fried: Your Only Competition Is Your Costs
MY FIRST MILLION Assertion Not checkable as stated
Fried: Y Combinator Only Invited Me to Startup School Once
“I was only invited once cause I was pretty anti raising money.”
Jason Fried Jun 5, 2024 ▶ 45:37 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
MY FIRST MILLION Assertion Not checkable as stated
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.”
Jason Fried Mar 20, 2024 ▶ 4:59 The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
FOUNDER'S JOURNAL Assertion Not checkable as stated
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.”
Jason Fried Jan 5, 2024 ▶ 22:53 Musings of a Legendary Entrepreneur
FOUNDER'S JOURNAL Assertion Partly supported
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.”
Jason Fried Dec 20, 2023 ▶ 1:50 Bootstrapping vs. Venture Capital
FOUNDER'S JOURNAL Assertion Not checkable as stated
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.”
Jason Fried Dec 20, 2023 ▶ 3:34 Bootstrapping vs. Venture Capital
LENNY'S PODCAST Assertion Not checkable as stated
Fried: Basecamp has roughly the same customer count as Monday.com
“Look, hey, we have the same number of customers roughly than they do.”
Jason Fried Dec 17, 2023 ▶ 31:43 Jason Fried challenges your thinking on fundraising, goals, growth, and more
20VC Prediction Held up
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…”
Jason Fried Jan 6, 2023 ▶ 6:56 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
20VC Assertion Supported
37signals has been profitable every single year for 23 years
“We've been profitable for 23 years, every year.”
Jason Fried Jan 6, 2023 ▶ 9:32 Basecamp CEO Jason Fried: We Banned Talking Politics and 1/3 of our Team Quit | 20VC #963 · 20VC with Harry Stebbings
20VC Prediction Not checkable as stated
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.”
Jason Fried Mar 22, 2021 ▶ 10:47 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
20VC Assertion Partly supported
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…”
Jason Fried Mar 22, 2021 ▶ 23:16 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
20VC Assertion Not checkable as stated
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.”
Jason Fried Mar 22, 2021 ▶ 29:23 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
KNOWLEDGE PROJECT Assertion Not checkable as stated
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…”
Jason Fried Mar 19, 2019 ▶ 9:45 #54 Jason Fried: Doing the Enough Thing
STARTUP IDEAS Prediction Not checkable as stated
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?”
Jason Fried Sep 9, 2024 ▶ 6:04 The ultimate guide to product building with the man who changed software
MY FIRST MILLION Assertion Not checkable as stated
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.”
Jason Fried Mar 20, 2024 ▶ 7:34 The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
MY FIRST MILLION Assertion Not checkable as stated
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.”
Jason Fried Mar 20, 2024 ▶ 17:25 The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
MY FIRST MILLION Assertion Not checkable as stated
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'…”
Jason Fried Mar 20, 2024 ▶ 48:52 The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
FOUNDER'S JOURNAL Assertion Not checkable as stated
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.”
Jason Fried Jan 5, 2024 ▶ 17:57 Musings of a Legendary Entrepreneur
FOUNDER'S JOURNAL Assertion Supported
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.”
Jason Fried Dec 20, 2023 ▶ 19:31 Bootstrapping vs. Venture Capital
LENNY'S PODCAST Assertion Not checkable as stated
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.”
Jason Fried Dec 17, 2023 ▶ 59:28 Jason Fried challenges your thinking on fundraising, goals, growth, and more
20VC Assertion Not checkable as stated
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.”
Jason Fried Mar 22, 2021 ▶ 4:01 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
20VC Assertion Supported
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.”
Jason Fried Mar 22, 2021 ▶ 37:06 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
KNOWLEDGE PROJECT Assertion Not checkable as stated
Fried: Over 100,000 customers pay Basecamp monthly
“Over a 100,000 people pay us for base camp every month.”
Jason Fried Mar 19, 2019 ▶ 18:52 #54 Jason Fried: Doing the Enough Thing
FOUNDER'S JOURNAL Assertion Supported
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”
Jason Fried Dec 20, 2023 ▶ 15:13 Bootstrapping vs. Venture Capital
LENNY'S PODCAST Assertion Not checkable as stated
Fried: 37signals spends almost nothing on marketing, growing through word-of-mouth
“We don't really spend any money on advertising and marketing. We've explored a little bit here and there, but most of our growth has been organic and it's just word of mouth.”
Jason Fried Dec 17, 2023 ▶ 1:48:56 Jason Fried challenges your thinking on fundraising, goals, growth, and more
20VC Assertion Not checkable as stated
Basecamp surpassed 37signals' agency revenue within a year of launch
“Put some prices on it, put it out in the market in February of 2004. And about a year later or so, it was doing more, generating more revenue for us than our website design business.”
Jason Fried Jan 6, 2023 ▶ 1:12 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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