Want to create an interactive transcript for this episode?
Podcast: Founder's Journal
Episode: A Founder’s Failure to Build a Billion-Dollar Company
Description: Episode 97: On this episode, I talk with Sahil Lavingia about his 2019 essay titled “Reflecting on My Failure to Build a Billion-Dollar Company.” Sahil is the founder & CEO of Gumroad, an e-commerce platform for creators. Gumroad does nearly $20m per year, is highly profitable, and has no full-time employees. In the essay, Sahil talks about leaving Pinterest as its second employee in 2011, to build his life’s work…a company called Gumroad that would be worth billions of dollars, IPO one day an employ hundreds of people. But that’s not what happened. In 2015, Sahil laid off 75% of Gumroad’s staff to kee...