I'm a big fan of Jason Fried's business philosophy. He actually has a lot of contrarian viewpoints which don't get voiced a lot. He kind of represents the bootstrap camp of tech businesses, which is often under voiced. These guys operate from a perspective of values and don't mind the competition. It seems they are doing something right. I definitely recommend his books Rework and Remote for anyone interested in web business.
John G The biggest company ever Apple is 500bi. Netflix is 40 billion I think. We know basecamp is nowhere near neither of them. Everybody knows of netflix, who knows of basecamp? But of course the fact that basecamp generates large revenue makes it valuable.
Juan I never said 500b or even 40b, but definitely probably 2-4b. Many people assume they generate like 100M a year, they can easily value themselves x8 or x10, their profit is crazy high. You would find buyers more easily with cash behind you like that and proven 10+ year revenue growth. If someone would buy it I don't know, but they could make a *case* for x15 or x20 profits for the sale price. They grow every year, will continue to do so and have proven profits that are consistent.
I've been on a Jason binge. I LOVE hearing this guy.
Us, too! Also big fans of DHH, his cofounder.
I'm a big fan of Jason Fried's business philosophy. He actually has a lot of contrarian viewpoints which don't get voiced a lot. He kind of represents the bootstrap camp of tech businesses, which is often under voiced. These guys operate from a perspective of values and don't mind the competition. It seems they are doing something right. I definitely recommend his books Rework and Remote for anyone interested in web business.
Don't be jealous of the market, just enjoy it.
Good luck with that business philosophy.
+1 to that thinking, well said.
I know Jason’s dad. Smart guy from Deerfield. Watch video. Definitely worth your time and thought. Hope you are successful as Jason.
20:26 "There is always more people at the low end who want simple, then there are people at the high end who want complicated."
15:00
How much did the domain costed ?
Good question, think they're keeping it under wraps.
Kinda funny that lots of people seemed to actually believe Basecamp was valued at $100bi hahahaha
Not 100b but its definitely valued somewhere in the b range. They have cash to back that up as well, some many can't say.
John G The biggest company ever Apple is 500bi. Netflix is 40 billion I think. We know basecamp is nowhere near neither of them. Everybody knows of netflix, who knows of basecamp? But of course the fact that basecamp generates large revenue makes it valuable.
Juan I never said 500b or even 40b, but definitely probably 2-4b. Many people assume they generate like 100M a year, they can easily value themselves x8 or x10, their profit is crazy high. You would find buyers more easily with cash behind you like that and proven 10+ year revenue growth. If someone would buy it I don't know, but they could make a *case* for x15 or x20 profits for the sale price. They grow every year, will continue to do so and have proven profits that are consistent.
cool, smart guy!
The interviewer: " like.....like...like....like....like"