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Before you do anything, read this blog. [1] TLDR; he left a high paying job at Google to start out on his own. After multiple products, he’s gone 4-years and s
by tiffanyh 4y ago
Before you do anything, read this blog. [1]
TLDR; he left a high paying job at Google to start out on his own. After multiple products, he’s gone 4-years and still hasn’t made any money (despite the fact he has a business generating $500k in revenue). [2]
This blog documents the huge challenge ahead. Must read for anyone wanting to go off on their own.
[1] https://mtlynch.io/why-i-quit-google/ https://mtlynch.io/why-i-quit-google/
[2] https://mtlynch.io/solo-developer-year-4/ https://mtlynch.io/solo-developer-year-4/
- altdataseller 4y agoWhy hasn't he made any money if he's generating 500K in revenue?
- tiffanyh 4y agocost of goods sold, salaries of his staff, etc. All of this is explained in his blog (he breaks out the revenue and costs by line item)
- mgkimsal 4y agoWhat I didn't see is any 'expense' for payment to himself? Perhaps it's there and I just can't find it. Paying yourself as an expense then still having 'profit' left over would be different than "I just worked full time for a year on this and only made $14k for myself". I can't tell if it's the former or latter.