First published
Sep 04, 2020
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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="">$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="">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=""><strong>Anti Fragile by Nassim Nicholas Taleb</strong></a></li><li>Podcast: <a href=""><strong>Reply All</strong></a></li><li>Indie Hacker: <a href=""><strong>Scott Hurff</strong></a></li></ul>
Published Oct 31, 2020