← Back to browse

The Slow Hustle

by Peter Awad@Peter OwadLaunched 2015-01via Nathan Latka Podcast
Growthword of mouth
Pricingfreemium
The Spark

Peter Awad didn't set out to launch a podcast. By age 36, he was already running multiple businesses: Import Auto Performance (his 16-year automotive operation generating seven figures with 25-40% gross margins), a snack food brand called Mission Meats, and previously a five-year startup that taught him valuable lessons about entrepreneurship. But despite external success, something was missing. "For me, in anybody that's listening, if you're in business or thinking about getting business, this is the truth. It is a roller coaster from hell, right?" He noticed that every founder—from himself to the massive success stories—struggled with the same manic emotional swings: massive highs, massive valleys, and the persistent feeling of inadequacy despite wins. The podcast became his vehicle to explore how others navigate this psychological reality and find their own mechanisms for integration, not balance.

Building the First Version

Peter launched The Slow Hustle in January 2015 as a weekly show featuring long-form interviews (often 60-90 minutes) with startup founders, VCs, and business leaders. His approach was intentionally different: he wanted real stories, not the polished LinkedIn narratives. He famously spent nine months pinging Brad Feld before landing the legendary VC on the show. By February 2016, he had 74 episodes live with 10 more recorded, generating around 8,000-10,000 downloads per month—roughly 2,000 per episode. What made this traction impressive wasn't the raw numbers but the authenticity. The show landed on the iTunes Podcasts homepage organically, not through gaming metrics or paid promotion, purely because of the quality and genuine relationships Peter built with guests and listeners.

Finding the First Customers

Peter's sponsorship strategy reflected his values. He didn't chase random brands; instead, he approached two organizations he already had relationships with: the Iowa Startup Accelerator (where he mentored teams) and a law firm owned by friends from Iowa. Both made sense for his audience—founders need legal help, and the accelerator recruits nationally. He structured sponsorships using Jason Zook's tiered model: 8, 16, and 24-episode packages. The law firm purchased a 16-episode package for $3,000, or roughly $187 per episode (about a $10 CPM). Rather than reading scripts, Peter created engaging 60-second audio conversations with sponsors that people actually wanted to listen to. With two sponsors, he was generating enough to cover costs while maintaining the show as a labor of love.

What Worked (and What Didn't)

What worked: authenticity and quality over vanity metrics. While other podcasters obsessed over download numbers, Peter focused on listener engagement and genuine relationships. His guests' families were becoming friends—people were making plans to meet up offline. This created a virtuous cycle: quality interviews attracted quality listeners, which attracted quality sponsors who understood the value proposition beyond CPM rates. The iTunes homepage feature was the ultimate validation that excellence doesn't require gaming.

What Peter explicitly rejected: the pressure to chase million-download claims, the push to optimize for sponsors who only understood raw numbers, the temptation to sacrifice depth for frequency. He wasn't interested in being a 'that show'—he was building something smaller and more meaningful.

Similar Companies

Zoom

$12.0M/mo

Zoom is a freemium SaaS video conferencing platform founded by Eric Yuan in July 2011 after he left Cisco to build a next-generation collaboration solution. The company has grown to 850,000+ paying customers across individual, SMB, and enterprise segments, generating over $12M in monthly recurring revenue with approximately 100% year-over-year growth. Rather than focusing on customer stickiness or aggressive growth targets, Zoom emphasizes customer happiness and organic word-of-mouth acquisition, which has proven highly effective in driving viral adoption.

Active Campaign

$4.2M/mo

Active Campaign started in 2003 as an on-premise email marketing solution built by Jason Vanderboom to fund his fine arts degree. After 10 years and 8 employees generating a couple million in revenue, he transitioned to a SaaS model starting at $9/month. The company now has over 60,000 customers generating over $50 million annually and employs 330 people, growing primarily through organic adoption, partnerships, and focus on the SMB market despite pressure to move upmarket.

NutriSense

$3.3M/mo

NutriSense is a direct-to-consumer metabolic health platform that pairs continuous glucose monitoring devices with proprietary software analytics and dietitian coaching. Launched in September 2019 with pre-sales in keto and Oura Ring Facebook groups, the company grew from under $1M MRR a year ago to $3.3M MRR today (3x growth), with 15,000-16,000 active paying customers and 170 employees. The business has raised $32M in funding across multiple rounds since a $250K seed in early 2020.

Batch Products

$2.5M/mo

Batch Products is a bootstrapped SaaS company founded in 2018 by three co-founders (Evo Dragunov and two partners) that provides five separate data and lead generation platforms for real estate professionals and other industries. Starting with Facebook group outreach and affiliate marketing, they grew to 18,000 customers generating $2.5M in monthly revenue ($30M ARR projected for 2021) with 57% profit margins, all while maintaining 100% ownership and adding 100 employees in six months during 2020.

SecurityScorecard

$2.1M/mo

SecurityScorecard, founded by Alexander Yampolsky in 2014, provides enterprise security ratings that measure the security posture of companies from outside. The company has grown to over 450 customers including GE, McDonald's, and Pepsi, with an average contract value of $80,000-$100,000 per year, targeting $25-30M ARR in 2018. Strong network effects, low churn, and net negative revenue churn have driven 100%+ year-over-year growth.

Related Guides