Episode 590 | Buying vs Building, Zombie Companies, and More Listener Questions with Craig Hewitt

Startups For the Rest of Us

Rob Walling

Management, Entrepreneurship, Business, Marketing

4.8 • 792 Ratings

🗓️ 15 February 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode 590, Rob Walling chats with Craig Hewitt about building versus buying internal tools, how to compete in a competitive space, accounting software, a founder who has a zombie company where investors want their money back, and more. The topics we cover [5:03] Finding a co-founder as a non-technical founder [11:20] Balancing priorities between day job and a SaaS idea [17:35] Zombie company where investors want their money back [26:00] Accounting software for startups [28:10] Building in a competitive market as a solo-founder [32:24] When to buy vs build internal tools Links from the show The Mom Test - a book by Rob Fitzpatrick Audience Podcast Bench Accounting | Online Bookkeeping and Tax Filing Services for Your Small Business Craig Hewitt (@thecraighewitt) | 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	It's another episode of Startups for the Rest of Us.
0:02.9	It's episode 590 where Craig Hewitt and I answer listener questions.
0:07.7	We cover topics ranging from building versus buying internal tools,
0:11.8	how to compete in a competitive space, accounting software,
0:15.0	a founder who has a zombie company where investors want their money back,
0:18.7	and I think there's at least two or three more.
0:20.6	If you recall, Craig Hewitt was the subject of the first season of Tiny Seed Tales.
0:25.2	He's the founder of Castos, which is podcast hosting, both public and private, as well as podcast production services.
0:31.7	Craig Hewitt also co-hosts a couple podcasts, one called Rogue Startups, and the other is Seeking Scale. Craig is a wealth of knowledge.
0:39.5	He runs a very successful SaaS company, and he has a great take on all the questions that we
0:45.1	talk about today. Before we dive into that, I want to let you know that MicroConf Mastermind
0:49.2	matching is happening again. We do it a few times a year. I think it's about every three to six months.
0:55.7	And if you're not familiar, I've been espousing the benefit of startup masterminds for almost
1:00.7	a decade on this podcast. I've personally relied on masterminds to sanity check decisions,
1:06.1	help myself with accountability, and frankly, just maintaining motivation and having other founders invested and
1:12.3	interested in what I'm doing has been an invaluable part of my journey and we now have over
1:18.4	600 successful matches under our belt at microcom from over 50 countries across 20 time zones
1:23.9	with a collective ARR of north of $150 million.
1:28.8	There is a small one-time fee to be matched with your mastermind, and that's all visible
1:34.2	on microcomfmasterminds.com.
1:36.5	That's where you would also go if you wanted to start your application.
1:39.1	It takes, what, I think, five to seven minutes.
	...

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