Justin Jackson is the co-founder of Transistor.fm, a successful bootstrapped podcast hosting company. The journey building Transistor were documented on the Build Your SaaS podcast, which is a must listen. Justin is the founder of the MegaMaker community which he started in 2013, so if you're part of the maker sphere - you'll probably have heard of him.
On building Transistor.fm
- Why a podcast host?
- Open startups vs closed. Point where the downsides start outweighing the benefits.
- Surprising thing. Most enjoyable / least enjoyable.
- What's the end goal? Do you want to sell or having fun?
- Simplecast exit
On paying yourself as a founder / managing money
- Saw you were recording a podcast with Marie Poulin (she was episode 20) about managing your finances as an indie hacker. Creator Economics.
- What's the biggest challenge most run into?
- Comparisonitis. "This bootstrapper is making $XX p/m, so must be better than me"
- What's the magic number for most?
- Founders might be happy with $100k p/y, but you could get a Shopify job for $200k pr a FAANG for like $3-500k p/y. Without all the stress of being a founder. How do you choose.
- Daniel Vassallo going from $500k Amazon job, to much less with his own projects but having more freedom.
- Thoughts on people eating through their savings while bootstrapping
On mental health as a founder
- I've had my own struggles with this, especially with this latest UK lockdown. I'm finding it hard to motivate myself and stay consistent. I know you've also faced similar mental health challenges. I don't think it's spoken about enough.
- What can founders do to look after themselves more?
- How to avoid burnout situations?
- Dealing with self-doubt. See comparisonitus above.
General bootstrapper questions
- Quite boring, usual stuff. Might avoid this but stuff to talk about if we run out of things.
- Validating your idea.
- Choosing a market / niche. Can it work if it's saturated?
- Advice for founders starting out.
- Book - Life Profitability
- Podcast - Software Social
- Indie Hacker - Derick Sivers