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Indie Hackers

#013 – How to overcome the biggest challenges to your online business with patio11

Indie Hackers

Courtland Allen and Channing Allen

Startups, Entrepreneurship, Makers, Indie, Bootstrapping, Online, Technology, Business, Founders, Bootstrappers, Ideas, Tech, Indiehackers, Hackers

4.9 β€’ 606 Ratings

πŸ—“οΈ 10 May 2017

⏱️ 64 minutes

🧾️ Download transcript

Summary

Patrick McKenzie divulges his wisdom around how to develop promising business ideas, find your first customers, convince smart people to work with you, generate more revenue, and stay happy while doing it.

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everyone? This is Cortland from EndyHackers.com. And today I'm doing something a little bit

0:11.9

different and actually sitting across the room from my guest. I'm talking to Patrick McKenzie,

0:16.8

better known in some circles as patio 11. How's it going, Patrick? Doing well, thank you. Hi, to who everybody. My name is Patrick McKenzie, better known as Paddyo 11 on the Internet's. And yes, I have totally memorized that introduction so that I'm not too nervous when I start talking about things. So Patrick and I both work at Stripe. We're both sitting on the fifth floor of the Stripe Office, and we've got a lot of stuff to talk about. You're actually one of the founding influences for how I got into starting businesses online and one of the most inspirational people that I've met. You're one of the first people to start writing transparently about yourself on the internet. And for the people who are listening who don't know who you are, can you give kind of a brief intro of your background and where you started and how you got to where you are now.

0:55.1

Sure thing. I kind of feel like occasionally that I am totally pretending with regards to

0:59.5

actually knowing any of this stuff, but a brief background on when I genuinely did not know

1:04.2

anything, I have lived in Japan for approximately the last 12 years, got there shortly after

1:08.9

university. And when I was 24, I was working in Japanese day job that was not really challenging or giving

1:14.9

opportunities for professional growth.

1:16.6

And so I decided to do a side business, mostly as a project, to learn about running

1:21.3

businesses and to have a little more freedom to actually make engineering decisions that mattered.

1:26.2

An engineer by training and trade, but was in the models of a megacorp doing nothing really

1:30.9

fun.

1:31.6

And so I made a Java swing app called Bingo Car Creator, which made Bingo Cards for elementary

1:36.5

school teachers.

1:37.8

And it's been described by some of my friends as Hello World attached to a random number

1:41.0

generator, which it pretty much is.

1:43.0

And I did this in about a week

1:44.7

and then started taking payments via the credit option there was for taking payments back

1:49.2

then, Ecelerate and eventually PayPal in a little website that I had built for this Java swing

1:54.6

app program in literally Notepad. And I made $24.95 about three weeks after launching, and then about $2,000 in the first

2:05.3

year of running the business. And then it went, it took a while, but eventually four or five

2:11.1

years later, it was eclipsing the amount of money that I was making at the day job. I quit to run

...

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