4.6 • 683 Ratings
🗓️ 30 April 2019
⏱️ 18 minutes
🧾️ Download transcript
Matt is the Founder & CEO of Stackify. He has been a developer/hacker for over 15 years and loves solving hard problems with code. While working in IT management he realized how much of his time was wasted trying to put out production fires without the right tools.
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0:00.0 | Guys, my new book, How to Be a Capitalist, without any capital, just hit the Wall Street |
0:05.7 | Journal bestseller list. It's ranking extremely high on Kindle and Audible, and I want to thank |
0:11.1 | you guys for grabbing it. If you haven't bought it yet, here's what James Y said in an Amazon |
0:15.2 | review on March 8th. He said, literally, a step-by-step blueprint for conquering the world and building your own empire five stars |
0:22.5 | it's a verified purchase he goes on to say if you like doing things the hard way don't read this book |
0:27.1 | for everyone else who appreciates someone showing you what to do and why it works step by step |
0:32.2 | so you can rinse and repeat and accomplish the same results read this book now in all caps he then says |
0:37.3 | pro tip stock up on highlighters while you're adding this to your amazon cart you'll be. Read this book now in all caps. He then says, pro tip, stock up on |
0:38.5 | highlighters while you're adding this to your Amazon cart. You'll be using them. This book should be |
0:41.7 | required reading for every entrepreneur, startup, or founder, business person, and human. Seriously, |
0:46.6 | Nathan isn't a kind of class that cuts through all the bull crap. He used a different word to show you |
0:51.7 | what you need to do and how to do it. If success came with an |
0:54.8 | instruction manual, this book would be it. We'll be stocking up and handing these out as Christmas |
0:58.7 | gifts to all my friends and colleagues. If I could give this book a six-star review, I would. From James, |
1:04.0 | James, thank you. All you that listen to the podcast, thank you so much. SaaS founders are loving |
1:08.4 | the book. Go grab an audible version right now at Capitalistbook.com. Stackify launched back in 2012, solving his own problem, bootstrapped for |
1:17.7 | the first several years, recently raised $3 million of capital, serving over 900 customers, |
1:22.6 | paying on average $200 bucks a month. So doing about $180,000 per month right now in revenue. |
1:26.2 | That's up 80% year over year in August 2017. He was doing just about $100,000 a month through recurring revenue. |
1:31.5 | Economics make a lot of sense, 90% logo retention per year, net negative revenue turn. When they do |
1:36.4 | spend money on acquisition, it's about $200, 300, a couple hundred bucks. So payback is under |
1:40.7 | two months. Again, team of 40 folks between Kansas City and the Philippines scaling. |
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