"I sold my SaaS business for millions… what now?" with Vincent Woo of CoderPad

Episode #170

When Vincent Woo (@fulligin) first started CoderPad, he was certain his idea was a good one. But he still needed to put in the work to prove it. Seven years later, after growing CoderPad and selling it for tens of millions of dollars, it's clear he was right. In this episode, Vincent and I sit down to discuss why bootstrapping is easier than taking the VC path, how it feels to grow and sell such a successful SaaS business, and what exactly he's doing with all that money and free time.

Show Notes

  1. 6

    Vincent is so fun to listen to. Very articulate.

  2. 3

    Great episode, really enjoyed it.

    @vwoo, I also just listened to your interview on This Week In Startups (link). I was really impressed how you kept your composure despite the fact that Jason started off obviously very biased toward Austen and against you, and you eventually got him to a more middle ground. And then my jaw dropped when you dropped the bomb, "I know why you got kicked out of demo day." Then you got him to apologize for calling you an idiot! That was amazing. My respects to you.

    1. 1

      Got to know about Vincent and Coderpad through Jason’s TWIST podcast. It was good to see that alignment later. It shows the importance of podcasts for discussion different opinions compared with Tweeting.

  3. 2

    This was a fantastic interview!

    I appreciate that Vincent Woo was willing to (respectfully) dissent with Coutland's views, allowing for better discussion around the topics discussed. Too many people interviewed on podcasts just sort of agree with the host and move on (which I totally get-this is much easier to do for podcast guests). This was a very insightful discussion.

    Great episode, @csallen!

  4. 2

    Is there a transcript for this interview?

  5. 2

    Very interesting podcast, I remember listening to Coderpad, didn't know it was that successful "tens of millions of dollars" - congrats!

    I can't believe he was also the person who wrote the Lambda school article, I remember when that broke and everyone on twitter was talking about it - I wonder if being the author of these articles gives you a lot of spotlight - but like in a bad way, I don't know - scary to be successful with a perfect bullseye hit article!

    Thanks for taking the time and recording this y'all!

  6. 1

    I've never heard of him before! Thank you for sharing. Actually, I've just recently graduated from a university and I have a few business ideas. I want to start a small company of freelance app developers who can work for me from anywhere in the world. But I want to have a legal business, so I study the information about it. So I found a company -- https://www.xolo.io/ -- that helps with accounting and, in general, administering your business. I hope that I will get professional help and be able to implement my plans. Anyway, your advice will be useful.

  7. 1

    I have been doing product management for almost 8 years now, across the years I have come up with many definitions of product market fit. This episode helped me add another :), largly by just calling it market product fit.

  8. 1

    Great interview. I really appreciated hearing Vincent again and the results of his investigative work did not surprise me one bit given the claims in the prior episode!

  9. 1

    One of the best interviews I've heard from a bootstrap founder. I especially liked the discussion around VC versus bootstrapping . The idea that you can build a very successful SaaS business without working 18 hour days is alien to the startup culture that dominates the media.

    Well done Courtland, and Vincent.

  10. 1

    I applaud his success and exit but his overall imperious attitude is quite unbecoming.

    1. 3

      'It’s not bragging if you can back it up' - Muhammad Ali

      1. 1

        Agree, that was a fantastic interview! Although a little bit difficult for me as I am a kind of nub and only learn to do the coding. I have been looking for the appropriate computer for that and my boss says it should be Mac. But with this in mind many questions arise. For example, he also says I must use https://macflypro.com/ as it will secure safety and stability of my Mac and clear all the potential threats from it. But you know what? How can I make him pay for that? He says this is an investment into my job, so I must not just buy the Mac, but this utility too. What to do?

    2. 2

      He's a lot more toned-down on this one. Listen to the last episode he was on IH podcast!

      1. 1

        hahaha it's true i'm much worse on the first one