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I'm working on FormAPI [1], which helps developers fill out PDF documents. I started working on this around 2 years ago. I was mostly working on it part-time, a
by nathan_f77 7y ago
I'm working on FormAPI [1], which helps developers fill out PDF documents. I started working on this around 2 years ago. I was mostly working on it part-time, and I took a few breaks while I was doing freelance work to pay the bills. This year I raised some money from Earnest Capital [2], which has allowed me to go full-time and hire some contractors.
I used to think that I wanted to build a one-person company and stay very small, but I wasn't able to pull that off. I picked a niche that was too small, and I also didn't have the skills to execute very well (especially in marketing, sales, etc.), so growth has been quite slow. So I've exploring some new features that could increase the number of potential customers, and the new scope is going to be way too much work for one person, so I'm looking forward to building a small team of 5-10 people.
Earnest Capital has been really awesome, and I still think the SEAL is a good deal [3]. My experience has been similar to an accelerator program, but with a bit less pressure. I've had some really helpful calls with mentors, and the weekly update calls are also great for accountability. So I would recommend Earnest if you want to raise some money while building a sustainable company.
[1] http://formapi.io http://formapi.io
[2] http://earnestcapital.com http://earnestcapital.com
[3] https://earnestcapital.com/shared-earnings-agreement/ https://earnestcapital.com/shared-earnings-agreement/
- nmfisher 7y agoInterested to hear your experience with Earnest. Can you disclose how much you raised, what percentage earnings they take, and what the cap is?
- nathan_f77 7y agoUnfortunately I'm not able to disclose the exact details of the offer, but it was a fairly close to the default offer that you will find in their examples and spreadsheets. And so far my experience has been great! The money has been a huge help, but it's also been really great to have access to the mentor network and other founders.
- nmfisher 7y agoThanks - the whole thing really intrigues me, I'll spend some time digging through the material today. Can you say what your monthly revenue was when you applied?
- tr33house 7y agoI literally rebuilt almost everything you have for formAPI for my startup. Wish I'd known about this earlier and saved a ton of time