If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. We continue our coverage of bootstrapping using services with a conversation from 2020 with Codesigned Founder CEO Jake Weaver. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We continue our coverage of bootstrapping using services with Codesigned Founder CEO Jake Weaver. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Jake Weaver: I’m from a very small
We continue our coverage of bootstrapping using services with Codesigned CEO Jake Weaver. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Jake Weaver: I’m from a very small town in the middle of Missouri in the Midwest called
Sramana Mitra: What happened in 2019? How much did you do? Jake Weaver: That was the $5 million year. That was the breakout from where we had been before. For anybody that talks about valuations, a professional services firm is not valued as a product company. Even though revenue was staying the same, the value
Sramana Mitra: Just so you know, we have a whole methodology in our program around Bootstrapping Using Services. It’s something that we do a lot of in the program. It’s something we have numerous case studies on. We have encountered what you’re talking about several times before. It works. I think you will go on
Sramana Mitra: What was the productization? What was the revenue level as a services company before you started productization? Jake Weaver: As a services company, we had just over $4 million in revenue when the change started to happen. We had stepped into the product market, but we had made a smaller business solution.
Sramana Mitra: The projects you were doing were basically SharePoint implementation projects? Jake Weaver: Yes. Ten years ago, SharePoint was being used for a lot of stuff. People would build intranet networks on it. They would also build business process solutions on it. They would even build extranets with a public-facing side.
We continue our coverage of bootstrapping using services. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?