logo
episode-header-image
Dec 2024
19m 12s

Building to Flip is Building to Flop (re...

37signals
About this episode

In this episode (originally aired February 1, 2022), 37signals’ co-founders Jason Fried and David Heinemeier Hansson sit down with Shaun Hildner to discuss the consequences of building a business solely with the intention to sell. They share their perspective on building a business for the long haul versus for an exit.

Key Takeaways:

  • 00:46 – Building a company to sell can encourage mediocre output
  • 07:14 – Taking shortcuts is a reflection of one's character
  • 09:41 – Why it's better to have a commitment strategy than an exit strategy
  • 11:21 – Not all businesses should become unicorns
  • 14:58 – What the founders would do if they had to begin again

Links and Resources:

Up next
Jun 18
Managing chaos, feature bloat, and other listener questions
In this episode of The REWORK Podcast, 37signals co-founders Jason Fried and David Heinemeier Hansson answer a fresh round of listener questions. They share how they stay focused when new ideas pop up, how structured work periods lead to steady progress, and why they’re careful a ... Show More
22m 58s
Jun 11
Building in Public
This week on The REWORK Podcast, host Kimberly Rhodes chats with 37signals' CEO and co-founder Jason Fried about the practice of openly sharing what the company is working on, inspired by his recent teaser videos for an upcoming product, Fizzy. Jason explains why building in publ ... Show More
20m 24s
Jun 4
The case for cover lettters
This week on The REWORK Podcast, host Kimberly Rhodes is joined by Jason Fried to talk about cover letters — what they say about a candidate, how they’re reviewed at 37signals, and why they still matter. Jason shares his take on the value of genuine effort, how AI can either help ... Show More
21m 35s
Recommended Episodes
Nov 2021
EP89 How to build a successful venture building studio with Carsten Kølbek
The venture builder model is here to stay. What is needed to build a successful venture studio? How to combine the best of corporate, startup, and consulting worlds to de-risk the process of creating new business models?Carsten Kølbek is a serial entrepreneur and co-founder of Ra ... Show More
22m 39s
Jul 2024
Reflections on 2 Years in the Knife Fight
Register for the webinar:How (and Why) to Choose a Franchise as an Acquisition Entrepreneur - https://bit.ly/4fa3CKB Brett Kennedy has doubled & strengthened the sub-$1 million moving business he bought — but it hasn't been without pain.Topics in Brett’s interview:Being raised in ... Show More
1h 38m
Feb 2025
The Fastest Way to Scale Your Side Hustle with No Budget | Tea with GaryVee Ep. 66
On today's podcast, I'm sharing Episode 66 of Tea with GaryVee! Too many entrepreneurs get stuck between long-term brand building and the need for immediate revenue—so how do you balance both? In this episode, I answer a powerful question on walking that fine line, and my ... Show More
28m 1s
Jul 2024
MBA2499 Why I Never Needed Investors For My Businesses
Ever thought about whether you really need investors to build a successful business, or if it’s possible to thrive without their backing? Many entrepreneurs believe that securing investor funding is crucial for launching and growing their ventures. But what if there’s an alternat ... Show More
18m 2s
Oct 2024
Shut It Down or Double Down: Nathan Barry’s Road to $45M with Kit (ConvertKit)
Nathan Barry, the creator behind ConvertKit (now rebranded as Kit) came to visit my Inner Circle and gave a very special presentation. Nathan’s journey from a designer to building a software empire fascinated me. He originally tried to solve his frustrations with MailChimp and, i ... Show More
1h 2m
Oct 2023
Partnering with an Operator to Buy a Business
Landon Mance bought a $1.7m tree business alongside a minority partner who's operated the business full-time from Day 1. Topics in Landon’s interview:Crossing paths with a financial criminalBuying a tree service business with his friend as operatorWhere “follow your passion” fall ... Show More
1h 39m
Feb 2025
Buy, Grow, Exit for a 24x Return in 3.5 Years
Register for the webinars:Legal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/414vOtcUsing a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/42I4dPYFormer guest Chris Edwards has sold the $1.7m flooring business he bought with $200k of his own money and a ... Show More
1h 10m
Feb 2024
How a First-Timer Did a Turnaround (Including an Exit)
Ben Rizzo bought an unprofitable, 4th-generation elevator business then stabilized, doubled, and sold it within 2 years. Topics in Ben’s interview:His wife-funded search in PittsburghSourcing deals through lawyers and accountants vs brokersAcquiring an elevator repair business in ... Show More
1h 36m
Apr 2024
The Gritty, High-Capex Road to Millions
Reid Tileston bought a business that relied on $800k trucks, capex he came to love for the fat margins they produced.Topics in Reid’s interview:Working on the business instead of in itWriting a book about acquisitionPeople are the worst and best part of businessPower of feedback ... Show More
1h 44m
Apr 30
From Burnout to Breakthrough: How Iteration Revealed My True Business Purpose
In Episode 233 of The Business Development Podcast, Kelly Kennedy takes us on a powerful behind-the-scenes journey through the evolution of Capital Business Development. What began as a fractional business development service has, through years of iteration, transformed into a pu ... Show More
30m 45s