Tweets

@ninjaparade Come on down to Vernon and let’s go for a rip there bud!

RT @redman: This is one of the best guides I've read outlining the practical steps to building a great, calm & profitable software company…

Thanks to everyone who showed up. Means a lot to me! 🥰

@mjwhansen @TransistorFM @jonbuda Thx!

@nickswan @TransistorFM @jonbuda Thanks Nick! 🥰

@JordanGal NICE

@jongold Bitcast had a cool UI for doing this, but they seem to be closed down. 😞

https://youtu.be/JCYoPD5vJFg

@nicoloborghi Nice 👍

@scocio @jonbuda @TransistorFM Aww thx 🥰

@naughtandcross @jonbuda @TransistorFM 😜

@janelleallen 💪 yes! 2022 is your year!

@laurium I’d love to see you get back into podcasts!

@rabble Yeah. It's amazing.🧘‍♂️

@brent_bellamy My commute is what pushed me to look for remote work.

At the time, I couldn’t afford a family home close to downtown Edmonton (anything in cycling distance was too expensive).

Moved to Vernon, BC and got skiing, mountains, and lakes, plus could afford a home close to downtown.

@manast That’s part of it. But I also think we need to give people the freedom to love and work where they want to live and work.

This has been the most optimal setup for me: https://twitter.com/mijustin/status/1481502591108337665

@mattragland @TransistorFM Niiiiice

@ahmedistyping ❤️🙏

@nickolascrim @dvassallo 🥰

RT @dvassallo: Lifestyle design by @mijustin — http://justinjackson.ca/work-harder

@anilbms75 Thanks!

RT @mijustin: No matter your stage of life, the best advice is still: “do what you can, with what you have,” and “start now, start small.”…

@mikevardy It’s only 10:04 on Sunday tho

@charliprangley 🍾😄

@kalita_kirill Thanks!

@evangoldin I hate stuff like this!

@MatthewBogart My 16-year-old just finished reading Vol. 1!

RT @mijustin: Working harder (on its own) doesn't make you more successful.

https://justinjackson.ca/work-harder

RT @dbustac: (At @ship30for30, we host our pod in Transistor.

There are many reasons to that.

But one of my favorite features is definit…

@robwalling @MicroConf @AndrewWarner These are great!

@ivanburazin Yup. 👍

@rosiesherry Yup, I expand on that piece here:
https://justinjackson.ca/work-harder

@randfish Thanks so much for this thread. 🙏 Incredibly helpful to hear about all these details.

@Patticus Congrats!!!! 🎉❤️

@paleochef 🙌

@finereli This was my first SaaS as a founder.

Worked for other SaaS companies from 2008-2016. Went solo in 2016-2018 with smaller projects.

https://justinjackson.ca/2016-review

@finereli I know that’s the popular sentiment, and I’ve experienced something like that in previous jobs, but at Transistor we’ve found the opposite: thousands of awesome customers, and way less exhausting than other SaaS I’ve been apart of.

🎯 Good approach https://twitter.com/SharkawyMD/status/1477132249875329026

@nonlateral I’m confused about “centralization around ownership.”

What’s an example of that currently?

@JackRhysider Yes, but indie podcasters have always had to find “networks bigger than themselves” for to gain traction and distribution.

With podcasting, the decentralized nature of RSS has held the “balance of power” between Apple, Spotify, Google, etc.

Do you think web3 will be the same?

@ianlandsman @cdixon @naval I think you're underestimating the cumulative accrued strength of centralized platforms like Amazon, Google, Twitter, Spotify, etc...

People instinctively go to Amazon first to buy products.
They go to Google for search.
They open IG for photos.

It's not easy to "replace" that.

@ianlandsman But that’s not what I hear folks like @cdixon and @naval saying.

They seem to be saying that web3 will help us subvert the old centralized model:

@FAfied32 Yes; my thoughts exactly.

@fran_rimoldi @tferriss @naval @cdixon You’re missing the point: won’t NFT projects continue to need centralized aggregators like Spotify, Apple, Google, Facebook in order to reach an audience?

RT @anildash: One thing that’s not evident enough on social media is how every visible underrepresented person you see with a platform (whe…

@eltintero Oh man. That’s hard! Sending you and your family lots of ❤️. Hope they get better soon!

RT @mijustin: A crucial paradigm shift:

❌ "I'm a smart individual, who's mostly right, most of the time"

✅ "Knowledge is created, and vet…

@brianchappell Nice! 🙏

@cgenco Yeah! It’s been fun to watch him progress.

@mckenna_andrew He is going to be making a @TransistorFM video soon. 👍

@byteblanq Thanks! New subscribers make his day.

@LasseRafn Thx! He’ll be excited to see that his video has well over 100 views. 👍

@jamesvandyne Nice!

You can listen to this episode on:

🌥️ Overcast: https://overcast.fm/+MBmVIvC28
🍎 Apple: https://podcasts.apple.com/us/podcast/the-christmas-bonus-check/id1357295850?i=1000546059357

@alanb 🥰

@JackEllis @TransistorFM 🥰 thank you!

@mxpx Nice!

@webby2001 Damn. I had this song given to me on a college radio mixtape. Listened to it a ton.

I don’t know if I’ve ever seen this video?

@tylertringas There’s probably still something there: what’s the process you use to ascertain whether a SaaS is going to be a good investment?

Sell that checklist? 😄

@Tsukio_scoring @Sethrogen Hahaha. Yes. Better.

@davemorin @alexisohanian Do you have an example of quality compared to other people webcams?

I’m curious how it compares to my current DSLR setup:

https://youtu.be/LBP4DEJAsjU

@Aylon133 @buildyoursaas @jonbuda It’s a remix. The original is great, but I love this remix.

@Aylon133 @buildyoursaas @jonbuda https://soundcloud.com/chroph/nirvana-polly-chroph-bootleg?si=961cba354b7141ad910dc9020e683f34&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

@fabiofranchino Some ideas are easy to make; but a good idea is often the culmination of a lifetime of learning. https://twitter.com/mijustin/status/1255878157980164096

RT @mijustin: I know it’s popular to say “Ideas are easy. Execution is everything,” but I disagree.

If ideas are so easy, why are most bus…

@growthcurrency https://saas.transistor.fm/episodes/brian-casel-of-bootstrapped-web-chats-about-his-new-app

@cnorm35 Beauty!

@__apf__ 🤣

@venikunche ☺️

@twigpress 😔

@StudsPod Thanks!

@michaeldyrynda @JackEllis @taylorotwell @wtsnz @JoshSchoen Except (I'm assuming) everybody on this thread:

1) pays their taxes
2) pays more tax (on salary) annually than Elon has paid

According to former NY Fed president Beardsley Ruml, taxes serve a bunch of useful purposes (outside of general gov revenue).

http://bilbo.economicoutlook.net/blog/wp-content/uploads/2010/04/taxes-for-revenue-are-obsolete.pdf

@ProjektGopher He’s been complaining about this for awhile.

@JackEllis @taylorotwell @wtsnz @JoshSchoen Not likely; because that approach would be opposed to shareholders’ interests. They wouldn’t stand for it.

@solodiveco @dvassallo Not really. Stock options are generally seen as a way of aligning CEOs interests *with* shareholders.

@manast Simply this: the richest man in the world should not pay the lowest % in taxes.

The proposed wealth tax won’t apply to you, me, or the 330 million people who live in the USA.

It applies to the 700 people who make $100+ million per year (or have more than $1 billion in assets).

@manast To buy the car I had to pay myself the income (which I paid income tax on).

@wtsnz @JoshSchoen This law won’t apply to you, me, or the 330 million people who live in the USA.

It applies to the 700 people who make $100+ million per year (or have more than $1 billion in assets).

@JesperBylund https://www.epi.org/blog/analyses-claiming-that-taxes-on-millionaires-and-billionaires-will-slow-economic-growth-are-fundamentally-flawed/

@luketucker The “household budget” analogy doesn’t work with the government for a number of reasons:

https://en.wikipedia.org/wiki/Government-Household_analogy

RT @thefirejar: 1/ I enjoyed this @IndieHackers convo between @csallen and @mijustin. Full of business insights and general life wisdom. A…

@luketucker “Most economists view the proposals for a perpetually balanced budget with bemusement.”

https://opentextbc.ca/principlesofeconomics/chapter/30-7-the-question-of-a-balanced-budget/

@manast That chart indicates that the top 1% (those who earned more than $540k in 2018) paid a greater percentage of total tax revenue.

You know who’s missing from this picture? Billionaires like Elon Musk.

“Musk paid no federal income taxes at all in 2018.”

https://www.forbes.com/sites/elizahaverstock/2021/12/15/elon-musk-is-likely-paying-more-than-8-billion-in-taxes-this-year/

@JoshSchoen The context here is the proposed wealth tax (which would apply to 700 people in the USA).

https://www.forbes.com/sites/jonathanponciano/2021/10/27/new-billionaire-wealth-tax-targeting-assets-of-700-richest-americans-unveiled-heres-how-the-democratic-plan-would-work/

@reedallred I own a Tesla. I’m a fan of the product.

I also think billionaires should pay more tax.

@jessethanley @aarondfrancis I’m not sure about you, but Kerry Packer isn’t the kind of character I want to be emulating. 😬

@jonfriesen @reedallred But, again, it’s not really the same as Musk is it?

1. Mustache is using his stock portfolio, which he (presumably) paid for using after-tax dollars

2. He can’t do this too often (and definitely wouldn’t live off loans this way)

3. His upper bounds for loans is likely $1m?

@reedallred You and I can’t take out loans for millions (or hundreds of millions) by using our stock as collateral.

You and I (I’m guessing) have to pay ourselves salary and distributions (which are immediately taxed).

You and I aren’t living 100% off these kinds of loans.

It’s different.

@reedallred Ok. My bad. You’re exactly the same as Elon. 😉

(Curious; what’s the interest rate they’re giving you? How big of loan can you take out?)

@wpclouddeploy Can you explain this with numbers?

Let’s say Elon is paying 3% interest on $548 million in loans.

How does the government come out ahead? (As opposed to him paying that as salary, and paying regular income tax?)

@reedallred 1. Elon hasn’t been paying taxes. This is the first time in years he’s paid anything

2. Even these taxes are optional; he doesn’t have to exercise his options, he’s choosing to.

3. It is highly unlikely that any of us will be ever able to use our shares as collateral.

@reedallred https://twitter.com/mijustin/status/1472791054726295554

@tillkruss Not sure why that’s significant?

@hiTrevorHere @dvassallo @wtsnz “With NSOs, the IRS applies ordinary income taxes on the difference between the stock options exercise price.

If he had exercised his stock options as they vested, he would have faced a tax bill of $598.9 million.”

https://fortune.com/2021/11/10/tesla-elon-musk-stock-options-tax-mistake/

@SachaGreif Looks great!

RT @KostjaPalovic: @Mqsley i love this article by @mijustin and concept of the fog of war. https://justinjackson.ca/explore
you need to spend long e…

@adamwathan Nice 👍

@CarissaAndrews Hey Carissa, I'm the co-founder of @TransistorFM. We can help. I'll DM you. 👍

@tomjacquesson Why aren’t they environmentally friendly.

@cgimmer @sab8a Totally! Really inspirational. 👍

@GeoffTRoberts Nuance:

- Are annual discounts OK?
- Per seat discounts when enterprise buys in bulk?
- Does this advice apply to all products? (Wes Bos seems to do pretty well doing his course sale every year)
- Does this advice apply to all categories? (WPengine does discounts)