First published
Sep 04, 2020
Format
1 - 1 Interviews
Schedule
Weekly
Total Episodes
40
Average duration
00:15:21

Indie Bites

Business Entrepreneurship Marketing

Paying off $250k in debt by starting a company making $1.5m ARR - Nick Fogle, Wavve

<p>Nick Fogle is the co-founder of Wavve and ChurnKey, but there is a lot more to Nick than just that. Wavve is an audio to video platform which has now hit $1.5m in ARR, but Nick has only left his full time job 3 years after starting the company and 9 months after it had eclipsed his salary. Why? Well, Nick had <a href="https://nickfogle.com/bailing-water/">$250,000 student loans to pay off</a>.</p><p><strong>What we covered in this episode:</strong></p><ul> <li>How Nick got into $250,000 of debt</li> <li>How he felt in Christmas 2016 when he was looking at the massive number</li> <li>What steps he took to get out of debt (<a href="https://gumroad.com/l/RZPSo">he wrote a book about this</a>)</li> <li>What advice he'd give to others in the same position</li> <li>Why he started Wavve, a video to audio platform</li> <li>How the business grew to $1.5m ARR</li> <li>What it takes to work full time and run a business</li> <li>Why staying lean is so important for him</li> </ul><p><strong>Recommendations</strong></p><ul> <li>Book: <a href="https://www.amazon.co.uk/Antifragile-Things-that-Gain-Disorder/dp/0141038225"><strong>Anti Fragile by Nassim Nicholas Taleb</strong></a> </li> <li>Podcast: <a href="https://gimletmedia.com/shows/reply-all"><strong>Reply All</strong></a> </li> <li>Indie Hacker: <a href="https://twitter.com/scotthurff"><strong>Scott Hurff</strong></a> </li> </ul>
Published Oct 31, 2020