BREAKING
Nathan Barry - Founder of Kit
Founder / Creator / Pilot

Nathan Barry

"The man who bought a ghost town, rejected Spotify, and built a $200M company from a $10 domain - all from Boise, Idaho."

Founder of Kit (formerly ConvertKit). No VC. No apologies. The creator economy's most stubbornly independent builder has been proving people wrong since he was 17 years old landing $10K freelance jobs.

$46M ARR 2024
60K+ Creators
$0 VC Raised
Bootstrapped Creator Economy Kit / ConvertKit Boise, Idaho Pilot Ghost Town Owner

Nathan Barry runs Kit - an email marketing and creator platform generating $46M+ per year - from a farm outside Boise, Idaho. He has never taken a dollar of venture capital. When Spotify offered him $200 million to make that someone else's problem, he said no.

The company started as a blog post. On December 31, 2012, Barry published "The Web App Challenge" - a public commitment to build a SaaS business from scratch, hit $5,000/month in revenue, and do it within six months on a $5,000 budget. He missed the deadline by 20 months. The company is now worth $200 million.

Before Kit, Barry was selling design books from a blog. Before the blog, he was building iOS apps. Before the apps, he was a freelance web designer who dropped out of Boise State after two semesters. Before that, he was 15 years old convincing his parents to buy him Photoshop Elements.

Every one of those moves was made without a safety net. Barry calls this "working in public" - one of his three core mantras alongside "teach everything you know" and "create every day." The philosophy is less productivity hack and more a statement of character: he builds in plain sight, shares the failures as loudly as the wins, and then writes about what he learned.

His most-read essay, "The Ladders of Wealth Creation," has been shared millions of times. It describes wealth-building as a five-rung ladder - from trading time for money all the way up to scalable software. Barry wrote it as someone standing near the top. He started at rung one.

Current Role
Founder & CEO
Kit (formerly ConvertKit)
Company Founded
January 2013
From a $10 domain
Valuation
$200 Million
Secondary sale, 2022
Acquisition Offer
$200M - Declined
Spotify, 2021
Home Base
Boise, Idaho
Farm. Goats. WiFi.
Other Identity
Private Pilot
Cirrus SR22T, 235+ hrs
"Our mission to serve creators is more important to me than the return from an acquisition, even to a company as cool as Spotify."

- Nathan Barry, on rejecting Spotify's $200M offer, September 2022

The man who failed his own challenge - and kept going anyway

The Web App Challenge had a clean logic to it. Barry was making good money teaching design online - he'd written three books, built a blog of 49,000 subscribers, and was clearing over $250,000 a year from digital products. Then he tried Mailchimp and found it frustrating. So he decided to build something better, document the whole thing in public, and do it in six months on $5,000.

Six months in, ConvertKit had $2,480/month in revenue. Half the goal. At month fourteen, it was down to $1,330. The product was live, the market existed, but nothing was moving. Most founders would have called this a polite failure and moved on.

"I had spent over a year trying everything I could think of to grow ConvertKit and it just wasn't working. A friend told me I needed to either shut it down or go all in." - Nathan Barry

Barry went all in. He quit selling books and courses. He quit consulting. He personally emailed every blogger he could find and offered to migrate their email list from Mailchimp to ConvertKit for free. Not "get a demo." Not "try our free tier." He would do the technical migration himself.

That personal hustle - unglamorous, unscalable, time-intensive - broke the plateau. Within six months of committing fully, profit margins went from 3% to 52%. The company that had been stuck at $1,330/month started compounding. By the time it crossed $5,000 MRR, it had been twenty-six months since the original challenge - not six. Barry wrote about missing his own goal as though it were the most natural thing in the world.

The Name That Cost $310,000 and Lasted Two Months

In 2018, the ConvertKit team fell in love with a Sanskrit word: Seva. It means selfless service. They bought seva.com for $310,000, designed a new brand, and announced the rename at their annual conference. The backlash arrived immediately. Members of the Sikh community pointed out that Seva is a sacred concept in Sikhism, not a startup name.

Barry reversed the decision within weeks and wrote a long, public post explaining why. He didn't spin it. He said they got it wrong. The $310,000 domain sat unused. ConvertKit remained ConvertKit until 2024.

Six years after the Seva debacle, Barry executed a second rebrand - this time to Kit. He announced it publicly on June 6, 2024, before the new logo was even finalized, and included the community in shaping the brand. The domain kit.com cost an undisclosed but "very significant" amount. The rebrand succeeded. Organic search recovered to 108% of pre-migration baseline.

From Photoshop Elements to Pilot's License

~2006
Origin
Taught himself web design and Photoshop at 15. Persuaded parents to buy him the tools. No mentor. No plan. Just curiosity and a computer.
~2007
First Win
Landed a $10,000 freelance web project at 17 while still in high school. Briefly attended Boise State, dropped out within two semesters.
2009
Pivot
Returned from a 5-week South Africa trip to find all freelance clients had moved on. Accepted a $50K/year job. Got tasked with designing an iPad app when the iPad launched.
2011
First SaaS Instinct
Launched OneVoice - an AAC app for nonverbal individuals inspired by his sister-in-law. Earned $30,000+ profit in its first 20 months. Quit day job in October.
2012
The App Design Handbook
$36,297 on launch day. Over $250K/year from books and courses. Blog growing to 49,000 subscribers. On Dec 31, published "The Web App Challenge."
2013
ConvertKit Born
Secured convertkit.com for under $10 in January. Began building. Hit $2,480/month by July - half the target. The challenge "failed" on its original timeline.
2014
All In
Revenue slumped to $1,330/month. Quit all other businesses. Personally migrated customers from Mailchimp for free. Margins went from 3% to 52% within six months.
2018
The $310K Mistake
Spent $310K on seva.com, announced the rebrand, reversed it two months later. Also co-purchased Cerro Gordo ghost town for $1.4M split among 10 investors.
2021
The Rejection
Spotify offered approximately $200 million to acquire ConvertKit. Barry said no. Created a secondary vehicle for employees and investors to cash out at the same $200M valuation.
2023
Acquisition + Aircraft
Acquired SparkLoop. Launched Creator Network. Bought a Cirrus SR22T. Began flight training. $41M ARR.
2024
Becomes Kit
Obtained private pilot license (March). Announced rebrand to Kit (June). Kit.com goes live (October). Opened Kit Studios in Boise. $46M ARR. 60,000+ paying creators.

Three names. One company. $310K in domain fees.

Jan 2013

ConvertKit

Domain acquired for under $10. Named for what it did: convert visitors into subscribers.

$<10
Mar 2018

Seva

Sanskrit for "selfless service." The team loved it. Bought seva.com in a 42-day negotiation from $500K down to $310K.

$310,000
Aug 2018

ConvertKit (again)

Backlash from the Sikh community. Barry reversed the rebrand publicly. The $310K domain sat unused.

$310K sunk
Oct 2024

Kit

Domain acquisition undisclosed but "very significant." This time, the community was brought in before the logo was finalized. Search recovered to 108% within weeks.

Kit.com
Total domain spend across all rebrands: estimated $360,000+
The lesson Barry took from the Seva disaster: "If we wanted to live out even the smallest amount of what seva means, we would give back the name." He's said it was the right call. He still paid for the domain.

Twelve years. Zero outside money.

$46M 2024 ARR

Annual recurring revenue as of 2024

60K+ Creators

Paying customers across 70 cities

$200M Valuation

Secondary sale value, 2022

$10M+ Team Profit Share

Distributed to team members

95+ Team Members

Spread across 70 cities worldwide

ConvertKit / Kit ARR Growth

2015
~$360K
2018
$12M
2020
$20M
2022
$33.5M
2023
$41M
2024
$46M

The Ladders and the Long Game

Barry has a theory about money that he published as "The Ladders of Wealth Creation." The framework describes five rungs: trading time for money as an employee, earning as a freelancer, selling productized services, selling digital products, and finally building software or physical products at scale. Each rung gives you more leverage and more risk.

The essay resonated because Barry had climbed every rung himself - in order, with visible effort at each step. He didn't jump from employee to SaaS founder. He earned his way up: freelance designer, app developer, book author, course creator, and finally software company owner. The framework feels earned because it is.

His companion essay, "The Billion Dollar Creator," extends the logic to the creator economy: instead of building a personal brand that lives or dies with the person at the center, build a genuine company around a specific valuable promise. ConvertKit is Exhibit A. The company doesn't depend on Nathan Barry being famous. It depends on Kit being useful.

"Build a product and brand that can experience compound growth. Then work on it for a really long time." - Nathan Barry

The "really long time" part is not rhetorical. Barry has been working on Kit for twelve years. He publicly shares his annual reviews, which are detailed to the point of discomfort - revenue figures, personal fitness failures, family updates, what he got wrong, what he would do differently. These reviews have become a kind of brand asset: proof that the person running the company has skin in every word he says.

Ghost Town. Aircraft. Ice Cream Stand.

In July 2018, Ryan Holiday introduced Barry to an opportunity: a historic ghost town in the Inyo Mountains of California called Cerro Gordo, first established in 1866. Thirty-six acres. Twenty buildings. Seventeen bedrooms. Asking price: $925,000. Final price for ten co-investors: $1.4 million. Barry went in. He later increased his stake to become the single largest investor.

In September 2023, he bought a Cirrus SR22T - a turbocharged single-engine aircraft worth roughly $800,000 - and started flight training. By March 2024, he had his private pilot license. By the end of 2024, he had logged 235+ flight hours.

His son August ran an ice cream stand at nine years old. His son Oliver plays competitive pickleball. Barry plays on as many as four soccer teams at once. He fasts for 48 hours some weeks to manage his weight. His farm has goats. He shares all of this in public. None of it is personal branding. It just happens to be his life.

The Ladders of Wealth Creation

Barry's most-shared essay. A framework for thinking about how wealth compounds across five distinct rungs - each with more leverage, more freedom, and more risk than the last.
1

Employment

Trading time for money. Predictable. Limited ceiling. Where most people start.

2

Freelancing

More leverage, more risk. Income tied to your skills and hours. Barry's first real rung.

3

Productized Service

Package expertise into repeatable offerings. Beginning of scale. Barry's design books lived here.

4

Digital Products

Write once, sell forever. Courses, ebooks, templates. Barry crossed $250K/year here before ConvertKit.

5

Software / Physical Products at Scale

The top rung. Revenue decoupled from hours worked. $46M ARR. 60,000 creators. Kit.

What he's actually done

$

$46M ARR, Zero VC

Built Kit from a $10 domain to $46M annual recurring revenue without a single dollar of venture capital. Fully bootstrapped for 12+ years.

Rejected $200M

Spotify offered ~$200M to acquire ConvertKit in 2021. Barry turned it down, created a secondary liquidity vehicle for staff instead, and kept building.

Private Pilot, March 2024

Bought a Cirrus SR22T in September 2023. Earned his private pilot license by March 2024. Logged 235+ hours by year-end. Pursuing instrument rating.

🏚

Ghost Town Owner

Co-purchased Cerro Gordo (est. 1866) in 2018 for $1.4M split among 10 investors. Later increased stake to become the single largest investor.

$

$10M+ Team Profit Sharing

Distributed over $10 million in profit sharing to team members across the company's history. Bootstrapped doesn't mean hoarding.

📖

$36K on Launch Day

The App Design Handbook earned $36,297 on its first day of sale. Barry was still working a day job. This is what "working in public" produces.

🔊

OneVoice - Communication App

Built an AAC app for nonverbal individuals inspired by his sister-in-law. Earned $30,000+ profit in its first 20 months. His first product with real stakes.

🏗

Kit Studios

Opened a flagship production studio in downtown Boise, free for Kit customers. Chicago expansion in February 2025. The creator economy infrastructure play.

SparkLoop Acquisition

Acquired SparkLoop in June 2023 to power newsletter referrals and paid recommendations natively inside Kit. Announced at Craft + Commerce.

"Making money is a skill - like playing the drums or piano - that you get better at over time."

- Nathan Barry, The Ladders of Wealth Creation

Stranger than pitch deck fiction

$310K

Spent on a Domain He Never Used

seva.com. Bought in a 42-day negotiation. Used for two months. Returned to ConvertKit. Still owns it.

26

Months to Hit His "6-Month" Goal

The Web App Challenge said $5K MRR in 6 months. Barry missed by 20 months. The company still exists.

4

Soccer Teams Simultaneously

At one point, Barry was playing on four recreational soccer teams at the same time. This is a real fact.

$10

Original Domain Cost

convertkit.com was registered for under $10 in January 2013. The company now worth $200M started with a $10 domain name.

108%

SEO Recovery After Rebrand

After moving to kit.com, organic search recovered to 108% of pre-migration baseline. Good rebrand execution.

48hr

Weekly Fasts

Barry has completed 48-hour weekly fasts as part of his approach to weight management. He writes about this in his annual reviews.

1866

Age of His California Ghost Town

Cerro Gordo was first established in 1866. It's a 336-acre silver mining ghost town. Barry is its largest single investor.

$107K

Course Launch Revenue

Creator Flywheels course, launched pre-Thanksgiving 2024. Initial revenue: $107,000. Targeting $1M in 2025.

What he actually says

"

We built ConvertKit our way, at our pace, and with our values. Every line of code is funded by the creators we serve. I wouldn't have it any other way.

"

Our mission to serve creators is more important to me than the return from an acquisition, even to a company as cool as Spotify.

"

Making money is a skill - like playing the drums or piano - that you get better at over time.

"

Build a product and brand that can experience compound growth. Then work on it for a really long time.

"

Extra money disappears into lifestyle inflation or temporary purchases, when it could be put to work.

"

I realized that if we wanted to live out even the smallest amount of what seva means we would give back the name and become ConvertKit again.

Share this profile