meta_pixel
Tapesearch Logo
Log in
Startups For the Rest of Us

Episode 525 | A Bootstrapping Artifact from 2005

Startups For the Rest of Us

Rob Walling

Entrepreneurship, Management, Business, Marketing

4.9819 Ratings

🗓️ 1 December 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

This episode is a walk down memory lane as Rob shares the story of acquiring his first product 15 years ago. We hear how Rob navigated the purchase of the product, a potential partnership with a trusted friend, and pushing through when his back was against the wall. Hopefully, this episode will inspire you to take action and keep shipping. The topics we cover [5:03] Three levels to making money online [6:36] Discovering the original version of DotNetInvoice [11:34] The business proposition [15:10] The counteroffer from Rob's trusted friend [18:41] Business plan vs boots on the ground [20:49] Buying DotNetInvoice If you enjoyed this episode, let us know by clicking the link and sharing what you learned. Click here to share your number one takeaway from the episode. If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you! Subscribe & Review: iTunes | Spotify | Stitcher

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to this week's episode of Startups for the Rest of Us. I am your host, Rob Walling.

0:04.4

I'm trying something a little different this week. I came across this really long email that I had sent about 15 years ago,

0:11.2

and then an ensuing email thread talking about software products and really talking about me acquiring this product.

0:20.3

If you're familiar with it, it was

0:22.2

really the first product that I made any substantial revenue from. And what's interesting about this,

0:27.9

well, there's a couple artifacts of that time, phrases and companies that you'll hear me mention.

0:33.6

But what I think is even more interesting is just to see the mindset of where I was at.

0:38.6

And I would say kind of where this space was 15 years ago and the thinking and just how

0:44.0

nascent it was and how there were no examples of really being a solo founder and building

0:50.0

a bootstrapped software company that didn't go and raise funding. And even though my aspirations were

0:55.4

not large, you know, they were truly to pay my mortgage or to make eight or 10K a month and be able to

1:01.7

quit consulting, even though that's all I wanted to do, the topic of funding is mentioned several

1:07.0

times in this thread as we try to iron this out. To give you context, this email was to

1:12.4

a friend of mine who was also a longtime colleague and who I had done a ton of consulting work for.

1:18.2

He had run an actual, like an agency, a consulting agency during the dot-com boom and then had

1:24.7

pivoted that when everything crashed into basically a remote agency.

1:28.7

You know, and this is 2001, 2002, and it was just a remote group of developers.

1:33.9

There were only a few of us that he was keeping busy, but we were contractors and I was able

1:38.5

to work from home for the first time in my life. And that was super game changing for me.

1:42.4

I was able to set my own hours for the most part.

1:44.6

And for him, I was respected his sales chops and he just was a person who had business acumen.

1:50.5

I did not grow up knowing people who had business acumen, who knew how to market, who had

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Rob Walling, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Walling and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.