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This is (extremely) untrue in my experience and those of countless other boostrapped SaaS founder friends in my circle. I've started 2 simple SaaS products tha
by AVTizzle 8y ago
This is (extremely) untrue in my experience and those of countless other boostrapped SaaS founder friends in my circle.
I've started 2 simple SaaS products that are solidly profitable (simplecrew.com and crewfire.com), and a 3rd just shipped this week (chainfuel.com).
The internet is full of other counterpoints.
- baccredited 8y agoHere's an exercise that would be interesting. Look at all the 'Show HN' posts announcing new startups from a couple of years ago. Find how many are still operating. Then contact the creators to see if the revenues produced have paid for the hours invested. Then we would have some real data instead of my anecdote. And yours.
- engineeringwoke 8y agoWho cares if 90% of startups fail? Your point was wrong
- icedchai 8y agoNo, he's right. Most people are better off investing in the stock market than trying to build a successful small business, SaaS, startup, or otherwise.
- hectormalot 8y agoI have a simple SaaS product that plans emergency shifts for dentists (evenings and weekends). The value is in 1) fair planning, 2) a single source of truth on who is on call, and 3) reminders. It makes $300 a month with minimal cost and almost no time spent. Since it is B2B I only have to send invoices once a year. Anecdata of course, but it has been like this (and profitable) for the last 7 years. At least proofs it is not impossible (I also never really invested lots of time in it to get to this state) I think i can bring it to 30k a year with sufficient effort, but then again, my salary is higher than that so it doesn’t make enough sense to switch my time to do so. (The growth problem of course is sales, not tech)
- armantor 8y agoWhere can I see your product?
- kayge 8y agoAnd then find a way to monetize that data to $500 MRR :)