Million Dollar Exits Ep.4 with Arvid Kahl: How to Succeed in Bootstrapping a Business

Welcome to the fourth episode of “Million Dollar Exits” - a special series brought to you by The Build In Public Podcast.This episode features Arvid Kahl, co-founder of FeedbackPanda - an online teacher productivity SaaS company, that he and his partner built, bootstrapped to $55k MRR, and sold in under two years.In this interview, Arvid shares his bootstrapping expertise and in-depth knowledge on topics such as:• Arvid’s thoughts on why just a few founders choose to bootstrap• Growth-to-Profitability shift and current market trends• Train Theory: a founder’s long-term journey• The benefits and the pressure from bootstrapping• How to deal with failures in business• What changed after Arvid reached 100k Twitter followers• Arvid's journey in building FeedbackPanda 5 years ago vs. how he would have built it now• Tips on how to find a great SaaS idea• Arvid's advice on scaling a startup from 0 to 1,000 MRR and then to 55k MRR• The importance of building reputation with your customers• Considerations in pursuing a bootstrapped business• The theory of invalidating ideas• Mistakes and lessons from his bootstrapped startup• Arvid's advice for people with the same aspirationsMillion Dollar Exits is a special podcast series that uncovers insider stories and actionable lessons with founders who went from an idea to 7-figure exits.It is a special segment within the Build In Public Podcast - an interview show where KP chats with ambitious startup founders, CEOs, and top Internet creators to unpack their stories, insights, and lessons.Shoutout To Our Episode Sponsor:Paralect is a venture studio built to design, build and launch a product for you that is ready to sell in under 2 months. Start with no-code or go full-stack right away.Visit their website: https://www.paralect.com/?utm_source=milliondollarexitsShare your thoughts in the comment section.Thanks for listening! Would love it if you can spread the word and share this with your friends/peers on Twitter/LinkedIn/other platforms.Links:Arvid’s Twitter: https://twitter.com/arvidkahlArvid’s website: https://thebootstrappedfounder.com/KP’s Twitter: https://twitter.com/thisiskp_KP's YouTube Channel: https://www.youtube.com/c/KarthikPuvvadaKP