Ryan Kulp
14 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement May 28, 2020 by Ryan Kulp · across every show →
On the record as a speaker too: Ryan Kulp's record, appearances and statements → this page counts the times other people say the name.
Everything said about Ryan Kulp, oldest first
May 28, 2020 neutral
Solo founders need $30k MRR with employees to match $10k solo profit
“Once you're at 15 KMRR and you hire even a couple of part-time developer support, now you're down to like five KMRR take home. And so it's this hedonic treadmill of like, you need to get to 25 or 30 KMRR with employees to make the same amount of money as 10 KM…”
May 28, 2020
NotifyApp was acquired via zero-interest seller financing matched to revenue
“So we did a structure like that without interest without outside financiers. The monthly payments were similar to the revenue. We were able to grow it just above board of our monthly service payments. And then we introduced a clawback provision Such that if tw…”
May 28, 2020 positive
Fork Equity scales $10k MRR acquisitions using a shared services team
“With us, because we can get some economies of scale, having a shared team, a centralized team of developers, marketers, and so on, it's like not a big deal to tag on a business at 10 KMRR. We can inject three K worth of development and support and design and e…”
May 28, 2020
FOMO's product rebuild was financed with an $80k zero-APR credit card
“We just got a Chase credit card, 12 months, zero percent APR interest, and I think we put, like, 70 or 80 G's On that card. And then like month 10 of the of the accrual, we paid that off in full. So again, paid no interest and essentially did like a 80,000 dol…”
May 28, 2020
May 28, 2020 bullish
FOMO.com's domain and IP add at least $1M to an exit valuation
“I think the FOMO.com domain has a lot more value than the 105 K we paid for it. So I think the right buyer kind of would be willing to itemize to some degree. Here's the EBITDA. Here's the multiple on that. Here's your 50 trademarks and copyrights, and here's …”
May 28, 2020 neutral
May 28, 2020
May 28, 2020
May 28, 2020
Fork Equity's course generates $7k to $8k monthly with near-zero effort
“Now this course has become its own portfolio project that makes seven, eight K a month. And we don't do anything, you know, like someone says, can you give me the spreadsheet template? That's our support. There's no bugs. There's no sales.”
May 28, 2020
May 28, 2020 negative
May 28, 2020 neutral
Boutique marketing agencies ultimately do whatever clients pay them to do
“When you're an agency, you just do whatever people pay you to do. To be honest, people always say like, we're super focused on copywriting. It's like, no, you don't. You probably set up like Google analytics for people if they ask.”
May 28, 2020
FOMO.com was acquired for $105,000 using 10% debt from private connections
“We actually used debt to buy the FOMO.com domain. So we had the cash in the bank at the time, but I wanted to hire some new employees. I hired a marketer, hired a sales, this debt person, and I didn't want to blow it all on this.com. That was definitely just f…”