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Love everything that Pinboard is doing - both service and attitude wise. Great to have living examples of hackers doing what they love, without having to sell o
by GuiA 9y ago
Love everything that Pinboard is doing - both service and attitude wise. Great to have living examples of hackers doing what they love, without having to sell out to investors or a large company, all the while bringing in decent money.
All that said, I'm always surprised that Maciej racked in over $100k in revenue his first year. I was of the impression that your first 1-2 years are going to be in the red, unless you have something big to build on (existing business to promote your new one, big twitter following, etc.).
The fact that he has 10x the users now compared to the first year but only 2x the revenue is interesting. I assume that's due to moving the subscription fee to a small but ever incrementing amount to a larger, fixed one.
Any tips/prep advice for someone who has a business they want to launch but dread spending the first couple years making no money/having few users?
- hmhrex 9y agoI would also love to hear advice. I'm looking at starting a service soon, and I really love the way that Maciej handles things. One man show that built a service for himself, has grown it organically and seems to enjoy working on it still.
- idlewords 9y agoThe 100K was the first full year of operation (2010) and 80K of that came over a two-week period in December, when Yahoo announced it was 'sunsetting' my main competitor. The period from April 2009 to December 2010 was very lean. I don't have the figures handy, but it was a few hundred bucks a month at best.