Cool idea, though I'm interested in how you're thinking about scaling this? I co-founded Castup[1], a podcast editing startup and while we deliver quite a few episodes a month, I can't ever see it scale enough to require venture capital.
We are profitable and have been since our second week of operation.
Hey - Thanks so much for the candid question. FWIW, I think that what you guys are building at Catsup is a super valuable service and being profitable from week 2 is impressive!
From taking a quick look at your website (thanks for sharing it), it looks like you guys are focused on serving podcasters, which makes total sense.
So for us it's a bit different: We set up our customers (who are not podcasters) with a professional interviewer to explore subjects in their lives and the lives of others who are important to them. And yep, like Catsup, we do edit those interviews, so in that way there is some crossover.
Ultimately, different services and different customer bases. But I'm really excited about what you're building and it would be great to chat further if you're up for it. Feel free to reach out at contact@heyartifact.com.
And to your point, VC is in no way a marker of success. Building a sustainable business that provides value is what it's all about, and it sounds like you're doing just that. Hats off!
Thanks for your answer. Maybe, I have too much of a Bootstrapper mindset but when I see a service based company (like my own), I assume VCs won't be interested because it cannot scale to $1B or whatever number investors look for.
Again, great idea and I hope you guys succeed and prove me (and people who think like me about venture capital) wrong.
Really, really appreciate it and I don't think you have too much of a boostrapper mindset at all!
I think there are just different ways of building a business. Ultimately, it's just core to put the customer front and center with every choice you make along the way.
I wish you guys luck and please don't hesitate to reach out if you think we can collaborate — I'll do the same!
I think your misunderstood my initial comment. It was regarding the fact that service based companies are expected to not reach scales that VCs look for, so my question was more so regarding how they plan to approach that problem when the time comes.
Exactly. The goal is a great product. If we focus on that and the gratification that comes with it, any other kinds of success, be it financial or otherwise, are only because we have that core goal first in mind - every_single_day.
We are profitable and have been since our second week of operation.
[1] https://useCastup.com