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Interesting. I wonder why James didn't attempt to sell it at the very least? 36K ARR means you could have rather quickly found a buyer for 60k+ and gotten rid
by ICodeSometimes 4y ago
Interesting. I wonder why James didn't attempt to sell it at the very least?
36K ARR means you could have rather quickly found a buyer for 60k+ and gotten rid of the thing for a small but not in-significant payday. Also i wonder if the users are truly happy with being told they have to migrate to their own server as i'd assume they're the type who'd rather pay $4 a month instead of having to deal with the hassle.
In any case, it's quite a courageous move and seems very well-intentioned.
- nnoitra 4y ago36K is peanuts. That's 3K a month.
- tomatowurst 4y agoi guess you make millions a month, i will still take 3k a month MRR.
- Trasmatta 4y ago3k MRR, but with a huge amount of extra stress on top of your full time job. It's not necessarily worth it, and the type of thing that leads to massive burnout.
- jonas21 4y agoYou have no control over what the buyer would do with it. They might decide to slurp up all of the user financial data flowing through the server, for example. Or they might leak the data due to incompetence. Even in the best of circumstances, the buyer would probably have a plan for increasing revenue, which might mean raising prices, introducing ads, or any number of things that James might not like. Finally, it sounds like he wants to continue working on the product, just at his own pace, and without the stress of running a business. This would not be an option if he sold.