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We bootstrapped our SaaS company. My advice: 1) pick the one problem you are solving and do whatever research / market sizing you need to do to feel more assur
by lefstathiou 7y ago
We bootstrapped our SaaS company. My advice:
1) pick the one problem you are solving and do whatever research / market sizing you need to do to feel more assured that your proposed solution is meaningful enough to pay for and enough people have the problem to be worth the while
2) spend a lot of time with your pilot costumer. Their time is worth more than their money. Say you are deeply committed to building it and when you do they can have it free for a year. So many great SaaS businesses were built this way and it’s a fair trade
3) build quickly and drop any feature that doesn’t facilitate point 1 above
This is all high level. Happy to chat more over email or Call about specific tactics and strategy. Good luck.
Edit: Just finished late breakfast, have one more item to add:
4) don’t obsess about hitting grand slams (ideas that can make $100mm in ARR for example). You can live a very good life with a small team of people you like and respect with a SaaS business that does $3-5mm a year. VCs hate these but trust me, you’ll love it.
- deleted 7y ago[deleted]