Quitting Corporate Life to Build £££ Multi-Million SAAS - Jack Bayliss | Midnight Podcast Episode 30

3 Apr 2022 · 85 min
1:25:00

Podcast interview (Midnight Podcast Ep.30) where Matthew Kelly interviews Jack Bayliss about his path from gym/PT/natural bodybuilding to reselling sneakers, studying accounting & finance at York, interning in M&A/hedge funds, then founding Aftermarket (a subscription reseller community) and related ventures (NFT Emporium, Resale Concierge, Amazon/resale projects). Key points: discovery of reselling ~6–7 years ago; launched Aftermarket ~18 months before interview (site went live the day he started his job); quit corporate job in October (five months prior to interview); early revenue benchmarks (≈£4k/month to consider quitting; £10k/month later); team growth (~15 people); membership ~1.2k (peak ~1.4k) with a target of ~3k; initial outlay ~£2k and a rapid valuation growth claimed to 'seven-figure' within ~8–9 months; marketing via influencers and paid social; current challenges include churn, rising acquisition costs, media backlash, and market cyclicality (consoles/NFTs).

Questions this video answers

April 3, 2022.

October (five months before the interview).

About 18 months (launched ~beginning of August; website went live the day he started his job).

Around £4,000/month was the point he considered quitting; at £10,000/month operating costs rose but revenue was higher.

Team: around 15 people. Aftermarket members: about 1,200 currently, peak ~1,400; target ~3,000.

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