Steve Benson
speaker
874 appearances
4 recordings
1 series
first heard Mar 2020
last heard Dec 2023
Steve Benson’s voice in public audio — every appearance, attributed to the second.
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Appearances
Top Founders · How I hit $5m ARR, kept control using 3 different debt providers · 21 Oct 2022
podcast
And I guess I was probably making $25,000 a month then.
And it turns out the basic needs of a software company, the food and water that it needs, engineers and sales guys and product managers, they cost more than you can make at first.
So money has to come from somewhere.
And so you either have to have money in your pocket already or...
You know, hopefully your mom's rich or something.
But I was lucky in that I was able to fund the early parts of the business without equity because I had worked at Google early enough.
So I had like a million bucks to just light on fire, basically, and become broke again.
And so that's what I did.
But...
In the course of that, I managed to build a piece of software.
I didn't build it.
The engineers built it.
But I needed to keep paying them.
And so now it's 20.
So I started having it built in 2012.
Now it's 2014, and I'm just super broke.
And the company's probably making like $200,000.
280k a year ish it's like 25 grand a month ish and uh and and we had four four mouths to feed i wasn't feeding myself i was just living on peanut butter but uh and my co-founder was leaving because he's a really smart guy and was like he's in private equity um
And he was like, this thing is just not going to go anywhere, man.
This thing is just toast.
Showing 441–460 of 874 · page 23 of 44
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