Solomon: Markup Hero Is Fully Bootstrapped With No Outside Funding
Jeff Solomon · Productivity Tool Profits $15k/mo, Bootstrapped team of 3 · Mar 25, 2022 · at 8:25
Jeff Solomon, co-founder of Markup Hero, confirms to Nathan Latka that the company has raised no institutional venture capital.
0:00 / 0:01exact quote · 1.9s
720p mp4 · rendered on demand · StarZero watermark
“There's no money at all. We just all bootstrapped.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jeff Solomon
Solomon: Founders selling for $150M often walk away with only $300k
“I've seen a lot of people sell for one hundred and fifty million bucks and walk away with like 300 grand.”
Solomon: AppSumo Lifetime Deals Were Highly Profitable for Markup Hero
“We did a big campaign on AppSumo, which gives us some lifetime customers. Right. Which isn't like recurring, but it's still very, very profitable for three guys.”
Solomon: Asana, Notion, and Monday.com Lack Built-In Image Annotation
“And none of the other products have that Asana doesn't have that, you know notion doesn't have that. Like there's so many, any of the product management, monday.com, all these guys.”
Solomon: Velocify lost 100% of its mortgage clients in 2008
“It was 2008. We were going to go under, like we were entirely mortgage at that company and we cycled through a hundred percent of our clients. They all went belly up.”
Solomon: Markup Hero pays $150 per draft and spends 90 minutes editing
“I've basically built out this model where I have these third parties writers create the first draft. And then I spend about an hour and a half editing. I found that to be the most cost effective. So I'll pay like a 150 bucks for a draft and it's good, but not …”