Insight certainty 4/5 debate potential 1/5

WildJar's carrier status lowers delivery costs when acquiring SMS providers

James O'Neill · Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits · Jul 11, 2022 · at 7:39

James O'Neill, co-founder and CEO of WildJar, explains the margin synergy rationale behind acquiring downstream SMS providers.

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“Because we are technically carrier, we started to do a lot more SMS... Looking at other SMS providers, and then we can also just cut that cost back because they're usually paying somebody like us to deliver the SMS. So we, to buy that to acquire them that way.”

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 James O'Neill

Disclosure
O'Neill: WildJar abandoned SDR outreach to return to product-led inbound
“We started as a product lead platform and we shifted to hiring some people in sales development teams and tried to go down that sales development outreach way, but it didn't really work for us. So we've shifted back to pure products inbound strategy and yeah, …”
James O'Neill Jul 11, 2022 ▶ 1:58 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
Disclosure
WildJar distributes 5% of monthly gross profit to employees instead of equity
“We do a every month we have a five percent of gross profit as a share. So that goes to employees every month.”
James O'Neill Jul 11, 2022 ▶ 2:59 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
Disclosure
WildJar waives the first one to two months of invoices for onboarding
“So we waive the first month or two months invoices to onboard them with an idea that they would obviously stay on.”
James O'Neill Jul 11, 2022 ▶ 12:51 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
Assertion Not checkable as stated
WildJar reaches 304 paying customers
“300 and, well, as of last month billing, it was 304.”
James O'Neill Jul 11, 2022 ▶ 2:27 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
Assertion Not checkable as stated
WildJar has reached $310,000 in monthly recurring revenue
“So we just did three 10. So yeah.”
James O'Neill Jul 11, 2022 ▶ 2:38 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
Disclosure
WildJar co-founders own 100% of the company without outside investors
“A hundred percent. Yeah.”
James O'Neill Jul 11, 2022 ▶ 2:45 Bootstrapping King: $4m ARR with 6 Person Team, $2.8m Profits
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