Indie Bites

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


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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 $250,000 student loans to pay off.

What we covered in this episode:

  • How Nick got into $250,000 of debt
  • How he felt in Christmas 2016 when he was looking at the massive number
  • What steps he took to get out of debt (he wrote a book about this)
  • What advice he'd give to others in the same position
  • Why he started Wavve, a video to audio platform
  • How the business grew to $1.5m ARR
  • What it takes to work full time and run a business
  • Why staying lean is so important for him

Recommendations

  • Book: Anti Fragile by Nassim Nicholas Taleb
  • Podcast: Reply All
  • Indie Hacker: Scott Hurff
...more
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Indie BitesBy James McKinven

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