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I'm on my last day at my current job before taking the plunge to focus on my half successful startup! I'm going down in pay to about half, we're still losing mo
by erikrothoff 9y ago
I'm on my last day at my current job before taking the plunge to focus on my half successful startup! I'm going down in pay to about half, we're still losing money every month for me being employed. Our runway is ~6 months before our savings are out. Basically we have to double the monthly revenue that took 5 slow years to grow up to. Exciting and scary times!!!
- kakarot 9y agoGood luck! I hope it all works out. Scary times, indeed :)
- erikrothoff 9y agoThanks! We were also able to cheaply rent a room at a shared office space, so it feels super real. :D
- ajeet_dhaliwal 9y agoAll the best - do you have a link yet?
- erikrothoff 9y agoYeah absolutely. Our app is https://feeder.co https://feeder.co. You can read a bit about our numbers on Indiehackers.com: https://www.indiehackers.com/businesses/feeder https://www.indiehackers.com/businesses/feeder MRR is ~3100 USD right now.
- blairbeckwith 9y agoI'm signing up right now; you should charge more.
- erikrothoff 9y agoThanks!! Absolutely. That is something we're wanting to implement as soon as possible. It's awesome to have 1800 subscribers, unfortunately the economics of that is not so sustainable. We still haven't decided how we are going to roll out such an invasive change, but hope to do it so people understand and are happy to continue their support.
- kakarot 9y agoDepending on your growth, you could just lock the early adopters in at the current price. If that isn't sustainable, even a dollar more for the early adopters and $2-2.50 more for new adopters might work. Of course I don't know what your overhead is.
- erikrothoff 9y agoAnd sorry for double post... What do you think would be a fair price? Would love to hear HN's point of view.