Insight
Doug Wolf: Doing Startups for Too Long Makes You Unhirable
“If you do startups for too long, you are not, you are, you become unhirable in the marketplace.”
Assertion Not checkable as stated
Wolf: Manually editing jump cuts takes five minutes per minute of video
“And I was like, there is no way YouTubers that are doing this effect are doing this by hand because it would take, takes five minutes for every one minute video.”
Insight
Wolf: Startup failure becomes considerably more expensive with age
“It gets more and considerably more expensive to fail each time, you know, you get older.”
Disclosure
Timebolt pays $7 monthly for AWS because processing is handled client-side
“Because we're a downloadable software, it actually sits right there on your computer. So your pot, your computer is what's powering all the algorithms. So, you know, we pay maybe seven bucks a month to Amazon. You know, for the server, just for actually downlo…”
Insight
Wolf: Founders Must Drive Brand Story, Designers Only Add Depth
“What I end up finding out is that you, the founder are the one that's responsible for really coming up with the content, the flow, the ideas behind it. The designer just comes in and adds that depth and professionalism to that brand message. They're not going …”
Disclosure
Wolf: Timebolt equity is split evenly between co-founders
“It's a fair split. It's a fair split between us both.”
Disclosure
Wolf: Timebolt is entirely bootstrapped with no outside investors
“We're entirely bootstrapped, right? So we didn't have to bring in an outside investor in order to get the business up and running”
Disclosure
Doug Wolf: Timebolt generates $12.5k MRR and $20k monthly with lifetimes
“So we're at about, you know, 12 five recurring revenue and about 20 a month with the actual, with the lifetimes.”
Disclosure
Doug Wolf: Timebolt grows recurring revenue at about 11% month-over-month
“Almost exactly half. We've been growing at about 11% month over month when you take all the months consecutive and it's about 11% month over month growth.”
Disclosure
Doug Wolf: Timebolt co-founders take home $6,000 monthly, reinvesting remainder
“So instead of taking home, you know, 9000 dollars, we each take home 6000 dollars and pay You know, the, put that other money to work in other ways.”
Assertion Not checkable as stated
Wolf: Competitor forums like Filmora and Camtasia drive unpaid referrals to Timebolt
“I mean, the competitors have our name linked out to Timebolt, like Camtasia Filmora Like Filmora has been a fantastic referral source.”
Assertion Not checkable as stated
Wolf: Timebolt averages 150 to 200 daily visits and 5 to 10 subscribers
“So we're averaging between a 150 to 200 unique visits a day. We are we've got, we're basically selling five to 10 on the higher side of that 10 new subscribers a day.”
Disclosure
Timebolt Operates With Two Full-Time Staff and Five Contractors
“Two. We just have a team of two. And I, we, of course, open that up to contractors, whether that's design contractors, you know, technology creators over the course of time. So we have about four or five of those.”
