Episode 707 | Once.com, Open Source to FT Income, and More (Hot Take Tuesday)

Startups For the Rest of Us

Rob Walling

Entrepreneurship, Management, Business, Marketing

4.9 • 819 Ratings

🗓️ 2 April 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 707, Rob Walling, alongside guests Tracy Osborn and Einar Vollset, give their hot takes on some recent news in the world of SaaS. They discuss Once.com’s launch, liquidation preference nuances in startup buyouts, with moving from open source to full time income and more. Episode Sponsor: Find your perfect developer or a team at Lemon.io/startups The competition for incredible engineers and developers has never been more fierce. Lemon.io helps you cut through the noise and find great talent through its network of engineers in Europe and Latin America. They take care of the vetting, interviewing, and testing of candidates to make sure that you are working with someone who can hit the ground running. When it comes to hiring, the time it takes to write your job description, list the position, review resumes, schedule interviews, and make an offer can take weeks, if not months. With Lemon.io, you can cut down on a lot of that time by tapping into their wide network of developers who can get started in as early as a week. And for subscribers of Startups For the Rest of Us, you can get 15% off your first 4 week contract with a developer by visiting lemon.io/startups Topics we cover: 2:18 - Once.com and the Implications of One-Time Software Sales 10:39 - Liquidation Preferences in Startup Acquisitions 21:59 - Turning an open source project into a business 24:32 - Book recommendations 30:30 - Is building a startup actually hard? 32:46 - Startups vs. lifestyle businesses Links from the Show: Register for MicroConf US in Atlanta, April 2024 Once.com Campfire Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld Never Split the Difference by Chris Voss The Anomaly by Herv Le Tellier The Art of Learning by Josh Waitzkin The Beginning of Infinity by David Deutsch TinySeed Einar Vollset (@EinarVollset) | X Tracy Osborn (@itsTracyMakes) | TikTok 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 | Google

Transcript

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0:00.0	It's another episode of Startups to the rest of us.
0:02.3	I am your host, Rob Walling, in this episode of Hot Take Tuesday,
0:09.9	Anar Volset and Tracy Osborne joined me to talk about Once.com,
0:14.4	to talk about how a company sold for half a billion dollars,
0:17.6	and the founders got nothing, at least according to this article.
0:21.7	A developer who went from open source to a full-time income, then we give some book recommendations
0:27.1	and have a lightning round of reactions to controversial startup opinions.
0:33.7	Before we dive into that, I want to let you know it's your last chance to get tickets to MicroConf Atlanta.
0:39.5	The event is April 21st through the 23rd.
0:42.9	Speakers include Rand Fishkin from SparkToro, Asia Arrano from Demand Maven, Stephen Steers, myself, and Dr. Sherry Walling.
0:51.8	It's going to be hosted and emceed by me and Leanna Patch of
0:55.9	Punchline Copy. I'm also going to be doing a fireside chat with Ben Chesnut, the co-founder of
1:01.1	MailChimp. He does not do very many public appearances, and so I'm very excited to host him
1:06.4	at MicroConf this year. MicroConf.comf.com slash US. If you're interested in grabbing tickets, again,
1:12.6	tickets are going to sell out soon.
1:14.8	So if you're thinking about joining me and about 225,
1:18.7	if your closest bootstrap founder friends,
1:20.7	head to microconf.com slash US.
1:23.9	And with that, let's dive into Hot Take Tuesday.
1:36.3	Music And with that, let's dive into Hot Take Tuesday. Tracy makes back for another Hot Take Tuesday.
1:40.0	I'm ready to fight with Anar.
1:42.1	Yes, it's going to be great.
	...

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