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Congratulations to anyone making even a modest living after one year. That said, I don't understand the section on investment here. The framing is that the star
by idlewords 6y ago
Congratulations to anyone making even a modest living after one year. That said, I don't understand the section on investment here. The framing is that the startup is bootstrapped, and they don't mention taking any outside investment, and yet they're offering advice on how to approach investors.
The product is also quite expensive ($400 and $700 monthly tiers). Nothing wrong with that either, but the sales experience will be quite different at that pricing level, and having fewer than ten clients limits the number of useful lessons you can draw at this point.
The meta-point is that trying this teaches you some useful lessons, but also exposes you to a lot of randomness (lucky and unlucky) and it's easy to overanalyze that, particularly in early days.
I think the 2 year post will have much more meat on its bones, and wish the authors every success.
- artembugara 6y agoThx! We're bootstrapped though we want to raise one day. I tried to emphasize that there's no "advices" it's more like myself talking to my-1yearago-self. We had like a 10-times lower pricing. And MRR of 200$. The pricing we have now is same as competitors.
- idlewords 6y agoI think it's terrific that you raised the prices and are finding customers at that level. I think there's also a ton of value in writing this stuff down for your future self, before you start remembering it differently. Best of luck in 2021!
- karambahh 6y agoWith your metrics and as you're based in Europe, you should probably send a deck to Kima Ventures. It's the seed fund from Xavier Niel (of Iliad/free fame).
- artembugara 6y agoOh thx. We’re Station F residents since last week. I’ve already booked a meeting with someone from Noel’s VC to talk next week