#233 – Hard-Learned Lessons from Decades of Entrepreneurship with Spencer Fry of Podia

Indie Hackers

Courtland Allen and Channing Allen

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

4.9 • 606 Ratings

🗓️ 3 November 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today I'm talking to Spencer Fry (@spencerfry), the founder of Podia. His business is super relevant right now because it is basically a one-stop shop to support creators and entrepreneurs. In this episode we discuss the importance of planning, how to iterate on a plan and how to stay persistent.

Transcript

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0:00.0	What's up everybody? This is Cortland from AndyHackers.com and you're listening to the
0:11.8	IndieHackers podcast. More people than ever are building cool stuff online and making a lot of
0:16.4	money in the process. And on this show, I sit down with these indie hackers to discuss the ideas,
0:20.5	the opportunities and the strategies they're taking advantage of so the rest of us can do
0:24.5	the same. I'm here with Spencer Frye the founder of Podia. Spencer, how's it going?
0:33.2	Doing very well. Thanks for having me today. Thanks for coming on. POTIA is an extremely cool company.
0:39.3	It's very relevant to the movements that we see going on today. On your website, you describe it as everything you need to sell courses, webinars, downloads, and community. So it's kind of like this one-stop shop to support creators and entrepreneurs.
0:52.3	Yep, that's correct. And do you mind if I ask, like, how do you measure
0:56.0	Podia's success in terms of like revenue or growth or, you know, just good feelings? Like,
1:00.7	how's Podia doing today? You know, in all different ways we measure it. So one of the things
1:05.4	that's been really great recently is that I've been measuring it based on how many of my employees
1:09.5	have been buying houses,
1:15.6	which has been really, really cool. I think we've had four or five people buy a house in the last two years. Oh, wow. Yeah, and our team is only 27 people. Cool. So that's one
1:22.0	sort of measurement that I like to like to use, but also, you know, obviously revenue is important,
1:29.1	headcounts on the company, you know, obviously revenue is important, headcounts on the company,
1:34.3	you know, the number of creators we have, the number of products they're selling, the amount of revenue they're making, you know, the number of audience members they have, et cetera.
1:38.6	So lots of different metrics we look at.
1:40.7	Right. Yeah. And your website, you say you've got 50,000 plus creators creating on Podia,
1:45.2	and obviously to support a team of 27 people, you guys are doing pretty well. Can I ask why don't
1:50.0	you disclose your revenue? I know you've written about this online. In fact, I love interviewing
1:54.6	people like you because you have a blog. Sure. So many different articles over the last 10, 12 years.
1:59.2	And it's been a little stagnant recently, but I got to come back to it.
	...

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