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Startups For the Rest of Us

Episode 563 | The Struggle, Calls to Action, Selling Above $1M ARR, and More Listener Questions

Startups For the Rest of Us

Rob Walling

Entrepreneurship, Management, Business, Marketing

4.9819 Ratings

🗓️ 17 August 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

In Episode 563, Rob Walling answers listener questions about startup operating agreements for co-founders, common cloud hosting solutions, struggling as a young entrepreneur, and selling your startup when you have over $1M in annual recurring revenue. The topics we cover [1:40] Operating agreements for startup co-founders [5:50] How to do startup vesting when not working fulltime on a project [9:41] Common cloud hosting solutions for startups [11:04] Struggling as a young entrepreneur [18:20] Call to action for info product [20:54] Virtual assistance [23:05] Selling above $1M ARR Links from the show LegalZoom Rocket Laywer Upcounsel Start Small, Stay Small Upwork Best Jobs Virtual Staff Finder Rob Walling (@robwalling) | Twitter 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

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0:00.0

I did it for a couple of years, and I had a two-hour commute. It was one hour each way.

0:05.3

I was exhausted. I had to wake up at 5 a.m. every morning, which does not work with my body clock,

0:09.9

so I was tired all the time. And I was really unhappy. You know, it took years for me to learn and build

0:17.0

and get to the point where I was able to quit my day job and have my own products.

0:25.4

Welcome back to another episode of Startups for the rest of us. I'm Rob Walling. This is episode

0:30.1

563, where I'm going to run through several listener questions. It's actually been a bit too

0:37.1

long since I've done one of these

0:39.0

episodes. I believe we have north of 20 questions backed up. We won't be able to get through all of

0:44.5

them today. But if you hear a question today that sparks something in you to ask your own

0:50.9

question, send an email to questions at startupsups for the rest of us.com,

0:54.8

and I'll get that answered just as soon as I can.

0:57.9

Hopefully the next Q&A episode I will have a guest on to answer with me.

1:01.8

And of course, voicemails and video questions go to the top of the stack.

1:07.2

So if you want to record something on your phone and send me a Dropbox link or a Google

1:12.5

drive link to questions at Startup to the rest of us, that works. You can also go to start-ups

1:16.6

for the rest of us.com. There's a ask-a-question link, and we have video ask in place, so you

1:21.5

can just click a button on your phone or from your laptop and just record right there in the

1:25.7

browser and upload it. So with that,

1:28.3

let's dive into our first question from Victor Wang.

1:35.9

Hi, Rob, it's Victor here. Thank you very much for your podcast. Can you recommend any resources

1:42.0

for drafting operating agreements for the startup co-founders

1:45.7

so we know what to do when certain circumstances occur, i.e., one of the co-founder wants to

...

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