Startups For the Rest of Us

Episode 492 | From Zero to $55k MRR to Exit (in 2 Years) with Feedback Panda

14 Apr 2020

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In this episode of Startups For The Rest Of Us, Rob interviews Danielle Simpson and Arvid Kahl, co-founders of FeedbackPanda, a SaaS business they bootstrapped to $55k MRR with no outside funding and no employees. They sold directly to teachers, a price-sensitive market, and they used referral programs and word of mouth to create rapid growth. You will hear about the struggles, victories, highs, and lows of their startup journey. Arvid and Danielle give honest, powerful insight into what it was really like to manage their company just the two of them, and what ultimately led to their decision to sell their company for a life-changing amount of money. * We are in a slightly different headspace in this episode, because we recorded this before the COVID-19 crisis. But we still wanted to share this episode, because we want you to benefit from this powerful conversation. The finer points of the episode: 2:12 - What it was like to sell FeedbackPanda for a lifechanging sum of money 6:40 - Why they ultimately made the decision to sell their business 12:40 - How the perfect combination of luck and skill led to their business’ huge success 14:38 - What it was like selling to teachers, a price-sensitive market 18:44 - Using referral programs and word-of-mouth to generate extremely rapid growth 24:20 - Can their approach to growth be replicated in other industries? 29:11 - More about their decision not to hire anyone 33:49 - The biggest low point of their startup journey and how they overcame them 38:25 - When did they start thinking about selling their company? 40:34 - What is next for Arvid and Danielle? Items mentioned in this episode: The Bootstrapped Founder Danielle Simpson Danielle's Twitter Arvid's Twitter

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Episode 492 | From Zero to $55k MRR to Exit (in 2 Years) with Feedback Panda

This episode hasn't been transcribed yet

Other episodes from Startups For the Rest of Us

Episode 819 | QSBS, Exit Multiples, How to Learn Marketing, and More Listener Questions (Rob Solo)

Episode 816 | Developing an Editorial Eye, The Right Kind of Stubborn, and The Power of Focus (A Rob Solo Adventure)

Episode 815 | Unexpected Skills Your Day Job Can Teach You About Entrepreneurship (Rob Solo)

Episode 762 | Doing Great Work, Hierarchy of SaaS Skills, and Public Deadlines (A Rob Solo Adventure)

Episode 761 | TinySeed Tales s4e7: Identifying Pain Points

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