Chris Erler bootstrapped ComX from €10,000 and unemployment benefits to €20 million in revenue in four years, becoming a first mover in B2B digital sales in Europe. He sold to private equity at multiples he never imagined. Then the company went through insolvency, and he walked away with nothing the second time around.

In this episode, Chris and I get into what it feels like when your first company works on the first try, and what that kind of velocity does to you as a person. We talk about how his ego shifted as the money came in, what it was like to go from founder to employee inside a PE structure, and how his body literally broke down from stress he didn't even register. His spine was deteriorating for a year and he was answering Slack messages in a hospital at 11pm before he even acknowledged something was wrong.

We also talk about what the insolvency felt like, how failure carries a completely different stigma in Europe than it does in the US, and why he's now building Erler Ventures to help founders scale without burning out along the way.

This is a conversation about the full ride: the highs, the exit, the unraveling, and what success actually means after you've been through all of it. If you've ever built something that started taking more from you than it gave, this one is for you.

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(01:05) What "doing things differently" meant growing up in Austria
(02:30) What drove him to start his first company
(05:00) The goal was financial freedom, not a big idea
(07:30) It worked on the first try: €20M in four years
(10:15) What that velocity felt like emotionally
(12:15) "I tried to spend money. I didn't like it."
(14:15) The dopamine kick and the ego trap
(15:45) The body breaks: hospital at 11pm, answering Slack
(18:15) The PE deal changed everything
(19:30) "My why was not there, and that crushed me"
(22:30) What the exit money actually felt like
(24:30) The shift from founder to employee
(25:45) Watching ComX go from acquisition to insolvency
(28:30) Why failure carries shame in Europe but not the US
(32:00) Building Erler Ventures: helping founders not burn out
(35:00) "If your body doesn't work, nothing is fun"

Show notes:

• Find show notes of each episode on ProfitLed.fm.

Connect with our host:

• Follow Melissa on LinkedIn where she shares stories & lessons from her founder journey weekly.
• Connect with Melissa at melissakwan.com and subscribe to 'your founder next door', Melissa's weekly newsletter on what it's like to build a company without an abundance of resources and friends in high places.
• Follow @themelissakwan on Instagram and YouTube where she shares short videos of business advice and other truth-bomb sound bites.

This podcast was brought to you by eWebinar:

Find out how you can turn pre-recorded videos into interactive experiences with chat so you can run your demos, onboarding calls, and training sessions on autopilot, 24/7, without being there. Hop into a demo at eWebinar.com, no salesperson required.

Simon Swords bootstrapped Fundipedia for nearly 20 years before selling to FE fundinfo in May 2025. He started in a garden shed with an Ethernet cable and a VoIP phone, ran three businesses at once for years, and eventually landed clients like HSBC, Barclays, and Legal & General. He negotiated the entire life-changing exit himself with his chairman and a ChatGPT subscription, without a corporate broker.

In this episode, Simon and I go deep on what it actually costs to play the long game. We talk about the childhood that wired him to push through anything, why he says he would rather have died than given up, and why he cried the day the deal closed.

We also get into why he sought therapy after the business was successful, not during the struggle. And why he thinks once you have the money, you're no longer allowed to be sad.

This is a conversation about whether the exit actually sets you free, or whether the real work starts after. If you're playing the long game, this one's for you.

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(02:00) Why bootstrapping for 20 years was the making of him
(07:31) Cumulative childhood trauma and growing up in Dagenham
(11:30) Anxiety as a superpower in business
(12:59) "I would have rather died than given up"
(15:38) Thinking he was having a heart attack on an onboarding call
(18:30) His chairman buying him out for a million pounds
(20:12) Waking up with the money and the anxiety still there
(21:52) The dragon he was chasing for 30 years
(23:30) Why most of his therapy came after success, not during
(28:30) Running the exit himself with ChatGPT
(32:31) What the cry on closing day was really about
(34:56) Why once you have money, you're not allowed to be sad
(38:30) The friends who anchor him to reality
(42:23) The panic attack that made him stop
(45:30) His 2026 plan to fill the space the business used to occupy
(48:05) What he's most proud of

Show notes:

• Find show notes of each episode on ProfitLed.fm.

Connect with our host:

• Follow Melissa on LinkedIn where she shares stories & lessons from her founder journey weekly.
• Connect with Melissa at melissakwan.com and subscribe to 'your founder next door', Melissa's weekly newsletter on what it's like to build a company without an abundance of resources and friends in high places.
• Follow @themelissakwan on Instagram and YouTube where she shares short videos of business advice and other truth-bomb sound bites.

This podcast was brought to you by eWebinar:

Find out how you can turn pre-recorded videos into interactive experiences with chat so you can run your demos, onboarding calls, and training sessions on autopilot, 24/7, without being there. Hop into a demo at eWebinar.com, no salesperson required.

Chris Walker bootstrapped Refine Labs from $3,000 to over $20 million in revenue in three years, becoming one of the most influential voices in B2B marketing. He had the audience, the recognition, and the revenue. Then he walked away from all of it.

In this episode, Chris and I go deep on what happens when you do everything you're supposed to do and it still doesn't feel the way you thought it would. We talk about how he rated himself a 2 out of 10 on mental and time freedom while his business was thriving, the self-doubt he carried for 33 years behind a confident public persona, how his sense of identity and purpose shifted as he came into financial success, and why he sold two companies for a fraction of what they were worth to buy back his freedom.

We also get into his 10 Dimensions of Freedom framework and how he uses it to make decisions that protect all ten, and what he's building now with ENCODED.ai.

This is a conversation about the gap between achievement and fulfillment, and what Chris did to close it. If freedom is a priority for you, this one's for you.

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(01:08) What success looked like in Chris's corporate years
(04:32) Starting Refine Labs with $3,000 and $62K in student debt
(06:30) The freest he ever felt
(07:42) When passion turned into proving he was smarter than everyone
(09:32) The Success Game: the six-step hamster wheel
(14:00) Why believing success requires suffering creates it
(17:14) A 2 out of 10 on mental and time freedom
(18:35) Realizing $100M in B2B marketing was purposeless
(20:42) "This is just who I am"
(22:11) The biggest breakthrough of his life
(27:30) How self-doubt and public confidence coexist
(28:30) Frequency: identity, beliefs, and intentions
(31:55) Money as the goal vs. the byproduct
(34:30) Why $100 million would never be enough
(39:00) Selling Refine Labs equity at 20% of its worth
(40:38) Selling his Passetto shares for $18
(43:12) The mission behind ENCODED
(45:30) Frequency training as a daily practice
(47:50) The 10 Dimensions of Freedom
(49:42) Isn't life about trade-offs?

Show notes:

• Find show notes of each episode on ProfitLed.fm.

Connect with our host:

• Follow Melissa on LinkedIn where she shares stories & lessons from her founder journey weekly.
• Connect with Melissa at melissakwan.com and subscribe to 'your founder next door', Melissa's weekly newsletter on what it's like to build a company without an abundance of resources and friends in high places.
• Follow @themelissakwan on Instagram and YouTube where she shares short videos of business advice and other truth-bomb sound bites.

This podcast was brought to you by eWebinar:

Find out how you can turn pre-recorded videos into interactive experiences with chat so you can run your demos, onboarding calls, and training sessions on autopilot, 24/7, without being there. Hop into a demo at eWebinar.com, no salesperson required.