The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 18 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Assertion Not checkable as stated
Martin: Nine-Figure VC Competitors Failed to Dislodge Time Doctor
“And we actually were terrified around 20, 21, because we had like seven companies that raised over a hundred million dollars, To come directly after our market, and so far, none of them have really penetrated the market that badly because we already had that e…”
Liam Martin May 16, 2024 ▶ 9:46 13 Lessons I Learned Bootstrapping to $20m in Revenues
What-if
Martin: Raising venture capital would have eliminated founder lifestyle flexibility
“If I had raised venture money, I would have never been able to do the cool and fun stuff that I currently do now, me and my co-founder, because we can't just go fuck off to, you know, Fifi Islands for two months.”
Liam Martin May 16, 2024 ▶ 4:46 13 Lessons I Learned Bootstrapping to $20m in Revenues
Insight
Martin: Founders Self-Sabotage Success Because They Are Addicted to Chaos
“Founders will try to self-sabotage. If things are going well in the business, you're gonna do stupid stuff to screw it up. And I think the reason why is because founders really like chaos. The company was born out of chaos.”
Liam Martin May 16, 2024 ▶ 19:19 13 Lessons I Learned Bootstrapping to $20m in Revenues
Insight
Martin: Only Build Product Two at $10M ARR or Under 40% Growth
“Build product number two at ten million ARR, or below 40% year-over-year growth.”
Liam Martin May 16, 2024 ▶ 13:09 13 Lessons I Learned Bootstrapping to $20m in Revenues
Opinion
Rawson: SaaS Market Acquisition Multiples Are Roughly 5x Revenue
“I mean, 10 X is probably not really market price. Market price is probably like five X revenues.”
Rob Rawson Jan 22, 2018 ▶ 17:22 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Opinion
Rawson: Screenshot monitoring is not the future of remote productivity
“We do have a screenshot feature similar to Upwork and the, that's great. And but I don't actually feel like that's the future. Like I say, I think the artificial intelligence part is the future because you can more accurately determine what What's actually goi…”
Rob Rawson Jan 22, 2018 ▶ 5:06 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Disclosure
Martin: Every Time Doctor Employee Must Have a Trackable Metric
“In our organization, everyone has a number. And if you don't have a number, you can't work here. That's very simple. So when you start working inside of Time Doctor, you need to be able to have some type of quantifiable, trackable goal to work towards”
Liam Martin May 16, 2024 ▶ 5:42 13 Lessons I Learned Bootstrapping to $20m in Revenues
Disclosure
Martin: Executives Should Spend 90% of Time on Failing Metrics
“We spend 90% of our time on the reds, we spend 10% of our time on the yellows, and we spend none of the time on the greens.”
Liam Martin May 16, 2024 ▶ 6:50 13 Lessons I Learned Bootstrapping to $20m in Revenues
Disclosure
Martin Shifted to Profitability When It Was 94.5% of His Net Worth
“My financial advisor actually sat me down about six years ago, and he said, Liam, you have 94.5% of your net worth in a private company that you can't sell. You need to start taking some risk off the table, and so we did, and that's very counter to grow at all…”
Liam Martin May 16, 2024 ▶ 7:48 13 Lessons I Learned Bootstrapping to $20m in Revenues
Insight
Rawson: Initial Micro-Commitments Dramatically Increase Lead Form Conversions
“Once you start clicking, you're actually engaging, and then you've done the first three clicks. It's easy to now enter your email address as the next thing, and we've tested it a few times. It does work.”
Rob Rawson Jan 22, 2018 ▶ 15:55 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Assertion Not checkable as stated
Martin: Raising Prices by 20% Boosted Revenue With Almost No Churn
“We realized that there was almost no impact on conversion and churn by raising our prices by 20%, which just automatically raised revenue by 20%.”
Liam Martin May 16, 2024 ▶ 16:08 13 Lessons I Learned Bootstrapping to $20m in Revenues
Disclosure
Rawson: Time Doctor has raised zero outside capital
“Well, zero, zero.”
Rob Rawson Jan 22, 2018 ▶ 3:30 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Disclosure
Rawson: Time Doctor Operates at Mostly Breakeven to Reinvest Profits
“No, actually, Time Doctor, we've been running at mostly breakeven because I'm trying to reinvest.”
Rob Rawson Jan 22, 2018 ▶ 7:41 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Assertion Not checkable as stated
Rawson: 50% of Time Doctor Homepage Visitors Engage with Questionnaire
“Out of a thousand people that are hitting it, around 50% are actually clicking yes or no.”
Rob Rawson Jan 22, 2018 ▶ 13:42 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Assertion Not checkable as stated
Rawson: 35% of Time Doctor Visitors Complete Funnel Requesting Demo
“If you count both the yes that I manage or don't manage people, then it's going right down only to about 35%. So 35% have said yes, that they want to do a demo.”
Rob Rawson Jan 22, 2018 ▶ 14:53 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Assertion Not publicly verifiable
Latka: Todoist support article is Time Doctor's top referral traffic driver
“Your number one traffic driver, according to similar web, is actually Todoist. There's a support article on Todoist that says, how do I use Todoist with Time Doctor? And that's driving you a ton of traffic.”
Nathan Latka Jan 22, 2018 ▶ 10:55 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Disclosure
Rawson: Time Doctor employs over 50 people across 28 countries remotely
“Yeah, we have over 50 people in 28 countries all working from home, so it's completely distributed.”
Rob Rawson Jan 22, 2018 ▶ 3:14 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
Disclosure
Rawson holds majority equity over his co-founder for providing initial capital
“No, I'm, cause I started earlier and I initially invested money, like I've got a larger percentage.”
Rob Rawson Jan 22, 2018 ▶ 17:50 912 SaaS: Internet Hacker Builds Bootstrapped Productivity Tool, Passes $2.4m in ARR
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