As the host of the Practical Founders Podcast, I have interviewed 46 successful SaaS founders and 6 savvy experts in the first year of weekly episodes. In this episode, I share some of the deeper insights, surprising lessons, and useful perspectives that I have learned after so many great conversations.
Practical founders are building valuable software companies without big funding all over the world and in every corner of the software business. It’s an amazing time to be a practical founder. Practical founders are solving problems, changing the world, and doing it their way.
The founder equity value and founder wealth created by just the 46 founders I interviewed this year is over $1 billion. Tune in to this episode where I share what’s going on right now and how these founders are succeeding in their own ways.
Best quote from Greg:
“I estimate that on average the founder equity value from these companies that have been sold, or partially sold, or are up and running and growing profitably, of the 46 founders I’ve talked to on the podcast in the last year, the first year of the podcast is on average about $40 million. They were only a few were under $20 million and more than a few are worth $75 million or more. And even the ones who haven’t sold yet, even with conservative multiples, not 2021 multiples, the average of founder equity wealth for each of the founders I interviewed on the podcast this year $40 million, not including their previous profits. We’re not talking about investor equity wealth; this goes to the founders and their teams.
That’s $1.5 billion of founder equity value from just these 46 founders who are on the Practical Founders podcast so far. Some of them had a little bit of outside funding, so even if we just conservatively chop that down, that’s 46 founders with $1 billion of total equity value created. That’s really amazing life-changing wealth or generation-changing wealth for these practical founders.
That’s just the tip of the iceberg of the number of successful practical founders out there who are building or have built serious companies and realized wealth or founder equity value. Am I even 1% through all of these founders? No, I think there are way more successful practical founders than that. They are all over the world and they’ve been doing this for a long time and it’s accelerating. “
In this episode, Greg explains:
- What characteristics that all successful practical founders have in common
- Why there are so many variations and ways to create a successful software company when you don’t raise big funding
- What has happened in the last 5 years that makes it better for most new founders to grow a serious software company without big funding
- Why we don’t see that hundreds of billions of founder equity value and wealth that have been created by practical founders who have grown thousands of valuable software companies without big funding
