Startup to Last

Looking back at 2023 and forward to 2024


Listen Later

This is our yearly recap episode!

Personal updates from 2023

  • Tyler
    • Goals from last year
      • 🆗 Take more vacation and make up with with extra work off-hours work
      • 🆗 Renovate the house
    • Other updates
      • Found a band I like: Caligula's Horse
      • First time as an adult I feel good about my exercise routine
  • Rick
    • Goals from last year
      • ❌ Get weight below 200lbs
      • ❌ Write a newsletter most Sundays (27 total)
    • Other updates
      • Built a new house and moved in
      • Had another baby (daughter)

Personal goals for 2024

  • Tyler
    • Maintain exercise routine: 9k steps/day + 2 rucks/week + 200 pushups/week
    • Finish house remodel
  • Rick
    • Rebuild daily exercise and writing habit
    • Be more present with family when I’m with them
    • Regular dates with Sable (2 per month minimum)
    • 4 vacations, with at least the next one scheduled at all times to look forward to

Professional updates from 2023

  • Themes of the podcast
    • You can't optimize nothing (mostly applies to Rick)
    • Back to the basics (mostly applies to Tyler)
  • Tyler
    • Goals from last year
      • ❌ Get back to decent growth: $36k ARR/ $3k MRR per month
      • âś… Sense of urgency on the dev team. No more 2-week projects that end up taking six months.
      • 🆗 End the year with three major product wins
    • Other updates
      •  Announced the price increase for legacy customers 
      •  ~3 new devs sort of. Dev team is feeling way better than ever before.
      •  Improved money management 
      • Coded a lot
      • Joined LegUp Health as a side project
  • Rick
    • Goals from last year
      • âś… Retain JD full-time for another year
      • 🆗 Double the client base again (~200 clients) - 160 clients
      • ❌ Build V1 of LegUp Benefits and generate $1K per month in MRR from it (3-4 customers)
    • Other updates
      • Tyler joined LegUp Health as a partner
      •  Expanded services to group health insurance, and started figuring that out
      •  Made it to $100K annual revenue run rate + profitability in December

Professional goals for 2024

  • Tyler
    • Don't worry about growth unless something unexpected happens
    • Focus on customer delight: If you ask a typical customer whether LACRM improved in 2024, their answer should be "hell yeah"
    • Maintain stability related to the team, culture, etc.
    • Protect coding time. Should be averaging >1 full day of coding per week
  • Rick
    • Get LegUp Health to $200K ARR
    • Apply Profit First Framework / Pay partner distributions, even if small
    • Get JD to his target compensation
    • Prioritize better at Windfall / leverage over optimization

Biggest worry

  • Tyler: Our execution on the product side won't be enough to close the gap with competitors
  • Rick:  I won’t figure out how to prioritize and manage my personal health as I build a family 

What we want to learn

  • Tyler: How to code like it's 2024. Should be able to do everything the other LACRM devs can do with no blind spots
  • Rick: Nothing specific. 2024 is about execution


...more
View all episodesView all episodes
Download on the App Store

Startup to LastBy Rick Lindquist and Tyler King

  • 5
  • 5
  • 5
  • 5
  • 5

5

21 ratings


More shows like Startup to Last

View all
Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

692 Listeners

Bootstrapped Web by Bootstrapped Web

Bootstrapped Web

58 Listeners

Rogue Startups by RogueStartups

Rogue Startups

23 Listeners

No Plans to Merge by Daniel Coulbourne & Caleb Porzio

No Plans to Merge

50 Listeners

FounderQuest by The Honeybadger Crew

FounderQuest

28 Listeners

Slow & Steady by Benedikt Deicke, Benedicte Raae, and Brian Rhea

Slow & Steady

4 Listeners

Notes On Work - by Caleb Porzio by Caleb Porzio

Notes On Work - by Caleb Porzio

17 Listeners

Above Board by Fathom Analytics

Above Board

11 Listeners

The Bootstrapped Founder by Arvid Kahl

The Bootstrapped Founder

32 Listeners

MicroConf On Air by Rob Walling

MicroConf On Air

11 Listeners

Searching For SaaS by Josh Ho & Nate Bosscher

Searching For SaaS

3 Listeners

Open Threads by Brian Casel

Open Threads

3 Listeners

Hackers Incorporated by Ben Orenstein and Adam Wathan

Hackers Incorporated

17 Listeners

Mostly Technical by Ian Landsman and Aaron Francis

Mostly Technical

15 Listeners

Talking Businessly by Daniel Coulbourne & John Drexler

Talking Businessly

2 Listeners