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Sort of crazy. I always hear about how startups need immense traction (e.g. DAU, revenue) before getting funding, and yet somehow Fibery seems to exist (persist
by alexpetralia 7y ago
Sort of crazy. I always hear about how startups need immense traction (e.g. DAU, revenue) before getting funding, and yet somehow Fibery seems to exist (persist?) in spite of that. Here are the October numbers[1]:
Product: Fibery — SaaS B2B (SMB) work management platform
Stage: Private Beta
Launch: Q4 2019 (public)
Development: 31 months
Leads/month: 500 → 380
Total Accounts: 490 → 520
Active Accounts: 15 → 20
Team size: 10
Burn rate: ~$40K/month
MRR: $0
[1] https://medium.com/fibery/fibery-io-chronicles-14-anxious-september-d25908071c80 https://medium.com/fibery/fibery-io-chronicles-14-anxious-se...
- nikkwong 7y agoIt's pretty insane to spend 31 months building something like this when the market is so crowded. Hope it was a spare time/weekend thing. Thought it was just a joke so didn't consider signing up; however, product looks really strong! Hope they make it. But for example > "It only gets worse from here. It's not just the creator who suffers, but everyone else too." Funny but maybe a bit too literal. That's when the page turned into complete satire to me and I had to come to the comments section on HN to realize that they actually had a product offering.
- alexpetralia 7y agoIt looks like the founder (according to LinkedIn at least) is also the founder of another ~100-person company, so I'm guessing they had some spare cash to incubate this.
- rozhok 7y agoThey have a team of full-time employees working on it. Also, it's written on Clojure.
- imperio59 7y agoI built a product of similar complexity by myself in a few months. It's built for a small but growing niche. After 2 months of having launched I already have about 70 paid accounts and $1.5K MRR with minimal marketing. It boggles my mind to think people can burn $40K a month before having an understanding of whether what they built has product market fit. I literally spent maybe a total of $5000 building and launching my product (+ my time, arguably that's a hidden cost but if you're a software engineer founder, that's also a major asset for you) and with 70 accounts we're getting 2-3 feedback and suggestion emails a day and iterating to please our customers and find PMF before I consider taking any investor money or hiring anyone. Also their actual marketing page sucks. They don't have a particular differentiator from similar products, I don't really understand what their app does... Blargh. :/
- james_s_tayler 7y agoAwesome results in comparison! Can I ask what stack? What does the production infrastructure look like? How many years of experience you have? And was it 2 months full-time or the equivalent of or just 2 months calendar time hacking nights and weekends? I swear some people are really, really fast builders. I'm trying to improve my speed and I keep coming back to the answer of keep it as simple as possible and study your stack to know it backwards.
- tablet 7y agoWell, some things take time. It is relatively easy to build something trivial fast, but it is not that easy to build something more complex. Markets are different. It took 4 years for Coda.io to release even private version. And they had like 50 people in a team. Our market is highly competitive and hard to enter.
- james_s_tayler 7y agoMRR $0. That's the worst feeling.