What's up everybody? This is Cortland from AndyHackers.com and you're listening to the

EndieHackers podcast. More people than ever are building cool stuff online and making a lot of

money in the process. And on this show, I sit down with these endy hackers to discuss the ideas,

the opportunities and the strategies they're taking advantage of so the rest of us can do the same.

We're here with Patrick Campbell, the founder of Profitwell. Very popular. It's a set of tools that helps other companies improve their revenue growth. So if you've got a subscription

company, Profit Well will help you reduce the number of cancellations. It'll help you figure out

your pricing. It'll give you reports and stuff. It just help you basically make money. And Patrick

came on the podcast years ago. It's been a while, Patrick. And you shared the story behind Profit Well.

But then a few weeks ago, you emailed me with some secret at the time, but now not so

secret information that you have gone from being an Andy Hacker to being an

indie hacker who sold his business for nine figures, not seven figures, not eight figures,

but for over $200 million, I think, is the figure.

Is that right? Yeah, yeah, yeah, yeah. Does that sound crazy to you? That's why. Like, do you, like, when you say that out loud, do you even believe it? That's ridiculous. Oh, it's insane. And to give you guys contacts, we were, like, aggressively trying to pay off our house, like, very Dave Ramsey, if you ever heard of that guy.

He's got some interesting views on like that.

I don't always agree with everything, but it was more like, oh, this is a really cool thing to bring my partner and I together. And so in January, we had $15,000 in a paid off house. That was it. Like, no stocks, no mutual funds, anything, and then sold the company and it's very much not now.

And it's kind of weird. A lot of champagne problems now, like existential crises.

I was talking to a founder who will go unnamed, but he has a company that is worth many millions of dollars. And I was talking to him on the podcast recently, and he is kind of broke. And it was just really interesting thing where you can have this company that's super successful, but you haven't had an exit event, right? You haven't actually sold it like you have, and you're just stressed. And from the outside looking in, everyone's like, oh, your company's making tens of millions of dollars. You must be rich. And it's like, no, actually, I'm broke. I'm paying my employees and paying my bills. It's kind of crazy. Well, that's, that's something that's, I'm really curious about. So how does a bootchap founder grow a company that big? Yeah, probably every indie hacker wants to, wants to be where you are. Like, oh, I sold my company for eight figures. I think I talked about

it on the pod a couple years ago, but like first principles thinking was like very central and very

core to how we thought about things. And I think that the reason for it is because in a bootstrapped

environment, like every company bootstrapped or venture backed is resource constrained. I think at a

bootstrap company, you are like, you're so constrained by so many different things that you have to think about, like, what is the best way for me to step through this problem or like, what are these priorities that we're going to go after?

And what that means is, is like, okay, it's okay for us to spend $200,000 on something,

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