From $40k/mo to $70k in debt - Why this advertising agency shut down

👋 Hey Failories! It's Nico over here.

Some weeks ago, I came up with the idea of turning Failory's newsletter into a curated newsletter for founders. I consume +25-50 resources per week (podcasts, articles, eBooks) and I thought it'd be great to share my best findings with you as well as include Failory's content.

That's still an idea I have so in an attempt to see if you like it, today I'm recommending you Nathan Latka's magazine. Nathan is the founder of various incredible businesses, one of which is a physical magazine for SaaS founders. Along with December's magazine, you'll get an Excel file with the 500 SaaS companies that make the most per employee.

Besides that, make sure to check Failory's new interview with a failed agency founder and our new article on 19 free business books.

This newsletter is sponsored by Flexy, a UX design agency offering 2 hours of design services for free, and "How to put yourself out there with confidence", an incredible course and eBook about personal branding.

INTERVIEW

From $40k/mo to $70k in debt - Why this advertising agency shut down

Derric Haynie is an entrepreneur based in Oakland, California who, years ago, launched Vulpine Interactive, a social media and advertising agency. Peaking at 10 clients, $40k/mo and 5 employees, things were expected to keep going well. However, they ended up shutting the business and walked away with $70k in debt. Learn what happened!

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RECOMMENDATION

$189k Revenue Per Employee

In the new issue of Latka Magazine, 500 founders share revenue per employee. Instead of optimizing for valuation and fundraising, pay attention to this metric. The best founders do $800k in revenue per employee.

Check out Full Excel Report +

SPONSORSHIP

Create the perfect pitch for your product & yourself

Ex-Tesla marketer shares 6 proven steps for building effective pitches. Get the eBook & online course 30% off with this code nqe7v7y.

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ARTICLE

Free Business Books: The Best 19 and Where to Get Them

Here's the most complete collection of business books you can get for free on the internet, covering a wide range of topics.

From $40k/mo to $70k in debt - Why this advertising agency shut down