4.9 • 606 Ratings
🗓️ 24 August 2020
⏱️ 92 minutes
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0:00.0 | What's up everybody? This is Cortland from Indiehackers.com and you're listening to the IndieHackers podcast. |
0:13.0 | On this show, I talked to the founders of profitable internet businesses and I try to get a sense of what it's like to be in their shoes. |
0:19.0 | How did they get to where they are today? How do they make decisions, both of their companies and in their personal lives, and what exactly makes their businesses tick? And the goal here, as always, is so that the rest of us can learn from their examples and go on to build our own profitable internet businesses. If you've been enjoying the show and you want an easy way to support it, you should leave a review on Apple podcasts. If you're on a Mac, probably the easiest way to do that is just go to Ndihackers.com |
0:42.4 | slash review, and that will open up Apple Podcasts for you. In today's episode, I sat down with my good |
0:47.7 | friend Vincent Wu. Vincent was first on the podcast a couple years back when he told us the story |
0:53.3 | of how he had bootstrapped a coder pad to millions of dollars in revenue. Since then, I've had the chance to keep up with Vincent and watch his company continue to grow until he eventually sold it for an eight-figure sum, and then he's been living for eight or nine months after that sale. So I figured it'd be great to bring Vincent on to the show to talk about the entire journey of being a bootstrapper, from coming up with the idea to running and growing your company through all the different phases of success, to selling your company and then trying to figure out what to do with your life after that. In addition, Vincent is always entertaining to talk to. He's smart. He's sarcastic. And the two of us always seem to get into some sort of debate |
1:28.0 | whenever we talk. So I hope you enjoy the episode as much as I enjoyed recording it. |
1:34.0 | So we're going to talk about what it's like to sell your business for what's the number |
1:40.3 | that we're allowed to say, tens of millions of dollars. Yeah, I'm allowed to say, legally speaking, that I've sold my business for tens of millions of dollars. And what are you going to do with your tens of millions of dollars now that you have it and your bank account and it's all yours? It's not theoretical. It's on someday. It's here. What am I nothing? |
2:03.3 | I mean, like, I don't do anything with money, man. |
2:04.1 | Like, what is money? |
2:04.9 | I bake bread. |
2:11.9 | You know, I fund initiatives that I think are important to a small degree. |
2:15.7 | Like, I haven't spent anywhere close to, like, the majority of the money yet. The short answer is I don't know. |
2:19.8 | It is a surprising thing to happen to me in my life. You know, I started to suspect that something like this might happen |
2:24.4 | like eventually in like the last few years, but to have it actually happen is another thing |
2:30.2 | entirely. And the truth is I am sort of dumbfounded by the sense of my own luck in this |
2:35.6 | matter. Like, I don't know. I haven't planned for this. I don't know what I'll do. You know, |
2:41.4 | I sort of assume that I will lose all of it sooner or later. I mean, it's been what, nine, 10 months |
2:46.8 | since you sold? Yeah, that sounds about right. I think like fall last year maybe. So, yeah. I think it says something about you that like that much time can go by and it's still for you is kind of like a weird, surprising thing that I think you've made this much money. Most people I know who sold their companies that have had some sort of one fall, they're like super strategic about it. They're like, I'm going to spend the next 12.9 months planning exactly what I'm going to do with my fortune and invest it here and here. |
3:10.6 | And for you, it truly is just like, wow, look at all this money. |
3:14.5 | My only plan was actually to learn to become comfortable doing very little. |
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