Episode
Saas Companies that Anyone Can Start with Rob Walling
1:18:38
Published: Tue Jan 11 2022
Description
Sam Parr (@theSamParr) and Ben Wilson (@BenWilsonTweets) discuss Sam's article defending Theranos, airport houses, and conducting an end of year family review. They are then joined by Rob Walling (@RobWalling) who talks about great SaaS business that anyone could start. _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. _____ Show Notes: (00:20) - Airline neighborhood with houses and hotels (06:45) - Sam on the front page of HackerNews for defending Elizabeth Holmes (12:20) - The family board meeting (18:30) - Rob Walling joins the show. About Rob. (30:30) - Why you should or shouldn't sell your business (42:30) - Rob's favorite Saas businesses that he's working with (50:50) - Rob's ideas for new SaaS companies that anyone could start (01:10:10) - Founding a company as a non-technical founder ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
The host explores the idea of an airline neighborhood, based on an entrepreneur's recent purchase of 5,000 acres in the southern US, which he plans to turn into an aviation-based community with its own runway, hangars and hotels.
00:00 - 02:36 (02:36)
Summary
The host explores the idea of an airline neighborhood, based on an entrepreneur's recent purchase of 5,000 acres in the southern US, which he plans to turn into an aviation-based community with its own runway, hangars and hotels.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
Retirement communities for airplane enthusiasts are becoming more popular, allowing for individuals to live amongst like-minded people and engage in activities focused on aviation.
02:36 - 06:21 (03:44)
Summary
Retirement communities for airplane enthusiasts are becoming more popular, allowing for individuals to live amongst like-minded people and engage in activities focused on aviation. This concept could also extend to remote workers and individuals with similar interests.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker defends successful individuals who have been built up and then torn down by society just for being "weird" and "talking funny."
06:21 - 11:28 (05:07)
Summary
The speaker defends successful individuals who have been built up and then torn down by society just for being "weird" and "talking funny." The article discusses the unfair treatment of these individuals and advocates for their recognition as successful "nerds."
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker talks about starting a new family tradition where they make presentations about the past year's accomplishments and goals for the coming year.
11:28 - 14:35 (03:06)
Summary
The speaker talks about starting a new family tradition where they make presentations about the past year's accomplishments and goals for the coming year.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker expresses his thoughts on his spouse's career and financial decisions, stating that he wants her to earn more so that he can be lazier.
14:35 - 18:34 (03:59)
Summary
The speaker expresses his thoughts on his spouse's career and financial decisions, stating that he wants her to earn more so that he can be lazier.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
A discussion on prenups and how they work, as well as personal anecdotes about couples with shared resources, such as cryptocurrencies.
18:34 - 21:07 (02:32)
Summary
A discussion on prenups and how they work, as well as personal anecdotes about couples with shared resources, such as cryptocurrencies.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The podcast hosts reflect on the progress of their show and how they have grown from 300-400 thousand listeners to crossing 2 million listens a month in December.
21:07 - 23:41 (02:33)
Summary
The podcast hosts reflect on the progress of their show and how they have grown from 300-400 thousand listeners to crossing 2 million listens a month in December. They discuss the appreciation they have received from Darmesh Shah, the founder of Hubspot, who also owns a podcast.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
Sometimes a bad name is a good name because it forces a reaction.
23:41 - 26:06 (02:25)
Summary
Sometimes a bad name is a good name because it forces a reaction. Changing a podcast name is not a simple task and can benefit from the services of a naming firm.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The narrative that a startup needs funding to succeed is simply not true.
26:06 - 28:37 (02:30)
Summary
The narrative that a startup needs funding to succeed is simply not true. Only 1% of tech companies need funding, while the other 99% should focus on building their business without it.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The 4% rule is a retirement planning concept that dictates that you can safely withdraw 4% of your retirement accounts annually, adjusting for inflation, without risking running out of money.
28:37 - 31:06 (02:28)
Summary
The 4% rule is a retirement planning concept that dictates that you can safely withdraw 4% of your retirement accounts annually, adjusting for inflation, without risking running out of money. This rule can help you determine how much you need to save for retirement and how much you can safely withdraw each year.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The decision to either raise an angel round or sell a company can be tough for business owners, especially when they are already making a steady stream of revenue, and in such situations, it can be beneficial to make the larger choice.
31:06 - 35:00 (03:54)
Summary
The decision to either raise an angel round or sell a company can be tough for business owners, especially when they are already making a steady stream of revenue, and in such situations, it can be beneficial to make the larger choice.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker considered leaving the entrepreneurship industry to acquire a tabletop gaming website, but ultimately stayed.
35:00 - 37:24 (02:24)
Summary
The speaker considered leaving the entrepreneurship industry to acquire a tabletop gaming website, but ultimately stayed. Despite a slight decline after his departure, the gaming website still faced financial struggles due to the poor profitability of the tabletop gaming industry.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The founder of a startup speaks about the profitability of physical products versus digital ones, predicting a seven-figure top line for his company while hoping for a few hundred thousand in profit.
37:24 - 39:14 (01:49)
Summary
The founder of a startup speaks about the profitability of physical products versus digital ones, predicting a seven-figure top line for his company while hoping for a few hundred thousand in profit. He also shares the mission of the startup to increase the number of independent startups in the world.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The past 10 to 11 years have seen a rise in online communities, causing a decline in the popularity of in-person events.
39:14 - 41:49 (02:35)
Summary
The past 10 to 11 years have seen a rise in online communities, causing a decline in the popularity of in-person events. Many people believe that online communities are the future of social interaction, however, some still prefer attending in-person events.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
A discussion on the variety of software solutions available for everyday problems, using the example of home improvement contractors relying on outdated communication methods.
41:49 - 43:49 (01:59)
Summary
A discussion on the variety of software solutions available for everyday problems, using the example of home improvement contractors relying on outdated communication methods.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The podcast discusses the advantages and disadvantages of building a company on top of a platform and the impact it has on selling the company.
43:49 - 46:37 (02:47)
Summary
The podcast discusses the advantages and disadvantages of building a company on top of a platform and the impact it has on selling the company. One example mentioned is HubSpot's decision to focus on building a CRM instead of pivoting to a different market.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The valuation of a company that is growing quickly with $1 million revenue is currently between $50 and $100 million, which seems surprising for a small business.
46:37 - 49:54 (03:16)
Summary
The valuation of a company that is growing quickly with $1 million revenue is currently between $50 and $100 million, which seems surprising for a small business. The company's transparency about its progress may be contributing to its success.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker reminisces on the early days of HubSpot and compares its features to various other tools available.
49:54 - 55:58 (06:04)
Summary
The speaker reminisces on the early days of HubSpot and compares its features to various other tools available. He also discusses how HubSpot's all-in-one platform made it easier for business owners to manage their marketing.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker discusses various factors to consider when making sales decisions for enterprise-level clients such as the need for customized features, integrations with existing systems (such as Salesforce), and special pricing structures.
55:58 - 1:01:39 (05:41)
Summary
The speaker discusses various factors to consider when making sales decisions for enterprise-level clients such as the need for customized features, integrations with existing systems (such as Salesforce), and special pricing structures.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
In this podcast, the speaker discusses the ethics of affiliate marketing in podcasts and how it can be done in a tasteful way.
1:01:40 - 1:03:21 (01:40)
Summary
In this podcast, the speaker discusses the ethics of affiliate marketing in podcasts and how it can be done in a tasteful way. He also talks about the limitations of certain organizations in terms of advising customers which brands to buy.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker discusses the process of analyzing studies to determine what techniques and products have definitive proof for effectiveness.
1:03:21 - 1:05:04 (01:42)
Summary
The speaker discusses the process of analyzing studies to determine what techniques and products have definitive proof for effectiveness.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The strategy for growing your SaaS startup depends on your ambition; If you want to stay small, then you can enter a less competitive space, but if you want to grow big and grow faster, then you need to attend relevant events to get into the network to build trust.
1:05:04 - 1:11:21 (06:17)
Summary
The strategy for growing your SaaS startup depends on your ambition; If you want to stay small, then you can enter a less competitive space, but if you want to grow big and grow faster, then you need to attend relevant events to get into the network to build trust.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
The speaker suggests a "stair step approach" to bootstrapping a business, which involves starting small with add-ons and plugins to platforms such as WordPress, HubSpot, Salesforce, and Heroku.
1:11:21 - 1:16:52 (05:31)
Summary
The speaker suggests a "stair step approach" to bootstrapping a business, which involves starting small with add-ons and plugins to platforms such as WordPress, HubSpot, Salesforce, and Heroku. They also discuss the option of hiring a developer through platforms like oDesk in order to bootstrap a business.
EpisodeSaas Companies that Anyone Can Start with Rob Walling
PodcastMy First Million
In this podcast, Sam and the guest, Rob Walling have a conversation about startups and entrepreneurship.
1:16:52 - 1:17:37 (00:44)
Summary
In this podcast, Sam and the guest, Rob Walling have a conversation about startups and entrepreneurship. Rob shares his experience building startups and talks about his podcast "Startups for the Rest of Us".