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I run one, a minimalist personal finance app. It's about 11 years old at this point. I built it up as my full-time gig and ran it initially for about six years
by charliepark 8y ago
I run one, a minimalist personal finance app. It's about 11 years old at this point.
I built it up as my full-time gig and ran it initially for about six years. At that point: A) I had hired someone part-time to do customer support; B) the feature set was stable enough that it didn't need constant attention; C) I was missing working with people. So I moved out to SF and started working with a startup as an engineer. Enjoyed that for two years, then moved on to another startup where I was for three years (first as an engineer, then had a chance to move into management [which I also enjoyed, but where I missed making things]).
This past October I left that startup to go back to working on my own thing. Revenue coming in to the app dropped significantly while I was doing other things, but since coming back to it I've rebuilt it (well … 90% of it) and am soon going to be shifting focus to improving business operations (in addition to building out some new features). My hope is that within a year or so it'll be back up to its earlier customer levels, but I haven't spent a lot of time forecasting that, and growth could be slow. It'll be a while before it'll support us living in SF, but that's somewhere on the horizon.
What worked for me might not work for you (it was a long time ago!), but in case it's helpful, I built a very basic MVP (literally a spreadsheet) to scratch my own itch and then shared it, for free, online. (At the time I wasn't thinking of it as a business, just as a way to help people.) It got a good amount of traction. I was able to build on the attention the free version got (and the feedback people shared) and to develop a web-based, subscription-based version that required less work and gave more value to customers than the free version.
I haven't ever taken funding, and am so, so glad I haven't.
- whitehouse3 8y agoDo you have a link to your product? A cursory search turned up nothing.
- charliepark 8y agoSure thing! Thanks for asking. We're closed to new signups now while we wrap up the last bit of feature parity from the old app (and make sure all is working smoothly for our current subscribers), but would love to have you check it out in a little bit: https://pearbudget.com https://pearbudget.com
- cimmanom 8y agoOh, wow, I’ve been using your spreadsheet for over a decade now! It was my intro to personal budgeting and has served me well all this time. Have you ever considered creating a native mobile app? That’d probably tip me over the edge to become a paying customer.
- charliepark 8y agoOh gosh, that is so awesome to hear! I love that it's worked so well for you! Native mobile app! Absolutely have thought about it in the past, and will absolutely be thinking about it a little later on this year as we tune our roadmap. If you shoot me a note (charlie@pearbudget.com), I'll let you know when we get a native app out the door. No pressure, though! Take care!