4.9 • 606 Ratings
🗓️ 12 May 2021
⏱️ 54 minutes
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0:00.0 | What's up everybody? |
0:07.0 | This is Cortland from AndyHackers.com and you're listening to the EndieHackers podcast. |
0:12.0 | More people than ever are building cool stuff online and making a lot of money in the process. |
0:16.0 | And on this show, I sit down with these end hackers to discuss the ideas, the opportunities, |
0:20.0 | and the strategies they're taking advantage of so the rest of us can do the same. |
0:28.6 | All right, I'm here with Nathan Barry, the founder of an email marketing platform called |
0:33.3 | ConvertKit. It's what I use to send the Indie Hackers newsletter out to you about 80,000 |
0:37.3 | subscribers three times a week. How's it going, Nathan? It's going well. Thanks for having me. Yeah, it's been a long time since you've been on the show. I think you were, it's like May 2017 or something, you were doing seven million dollars a year and revenue with convert kit. Obviously things have changed in extreme degrees since then. I think you're at something like, |
0:55.5 | correct me if I'm wrong, $28 million a year and revenue today, which is nuts. Yeah, 27 and a half |
1:01.4 | million ARR. So it's definitely grown. You know, that's the magic of compound growth is that you |
1:07.6 | give it four or five years and a lot happens. It's absolutely crazy. And I bet you feel pretty different too. One thing I think that's interesting being in your position is that most people I talk to who are, like once they hit like a mill, two mill a year and revenue, they're kind of like, all right, I'm going to stop doing the whole transparency thing. Like, it's enough. I don't really want to feed my competitors this information. |
1:29.9 | I think in your situation, like the other big players in email marketing, they're not really that transparent. You know, I don't know their revenue numbers. I don't think anybody knows their revenue numbers. Yeah, well, it makes sense to me that a lot of people stop. I had two good friends of mine in the business space. |
1:26.1 | I think a lot of people in the Indy Hackers community would know at a conference who sat me down and was like, hey, Nathan, this is an intervention. You know, the public numbers were cool up to like 50,000 MR, 100,000, 200,000. I don't know what. But like, it's time to stop. You're giving your competitors way too much information. We actually had two different competitors at different times. |
2:01.7 | Me like, hey, thanks for, thanks for that. |
2:03.6 | That's super helpful. |
2:05.4 | They were basically saying, like, it doesn't serve you anymore. |
2:08.9 | Stop doing it. |
2:09.8 | And I think they had really good points. |
2:11.3 | From the business perspective, like the whole build and public thing, which is really |
2:15.6 | trendy and popular now, we've been doing that since the |
2:19.0 | beginning. And what ends up happening is the numbers get misconstrued in some way. They get quoted |
2:23.4 | in a way that isn't accurate. Like, I think Buffer stopped sharing their numbers like a public |
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