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Going full time on my SaaS after 13 years
- rathboma 4y agoBig congratulations! Always happy to see indies-with-kids get beyond ramen profitability to a sustainable income!
- matt1 4y agoThanks! I read something here on HN recently about how representation matters: essentially that it's important that people are aware of what others in similar circumstances are up to. I hope this post finds some other long-term side-project solo-founder parent SaaS bootstrappers and encourages them to keep going.
- Brajeshwar 4y agoHey Matt, This is awesome. Congratulations and best of luck. I remember using it and we communicated (email), about your time in Iraq and how your built[1] Preceden. You upgraded my account while I was toying with few ideas and using it to plan timelines. Nice stumbling on it again there. 1. https://mattmazur.com/2016/01/04/building-a-startup-in-45-minutes-per-day-while-deployed-to-iraq/ https://mattmazur.com/2016/01/04/building-a-startup-in-45-mi...
- matt1 4y agoI still have our email exchange from back in 2016 - I hope you were able to successfully leverage the eCommerce boom in India that you mentioned. Thanks for saying hey!
- squishy47 4y agonow that's how community engagement is done. bloody good marketing.
- Brajeshwar 4y agoUnfortunately, mine didn't work out but the team I led was able to help a well-known brand in India scale one of their ecommerce initiative. I took a 4-member team, and spent about 3 months to help them 3x (I think 4x) their sales powered by the frictionless and sub-minute checkout process, etc. One of our team wrote few articles about it. Link below which includes a lot of dead links and I need to figure out how to log into Medium and change the details, the redirects etc. https://medium.com/alaris-prime/e-commerce-case-study-building-faster-listing-pages-on-abof-com-part-1-cb99231a1e8a https://medium.com/alaris-prime/e-commerce-case-study-buildi...
- ravivyas 4y agoBest of luck
- amalgamated_inc 4y agoVery cool!
- username_my1 4y agoHey Matt, Your product fits perfectly a feature we're building and we'd love to use it. But it needs to be programmatically accessible in react (js lib) and of course it needs to function very smoothly with large number of events. Good luck going full time I see a need in this exact space !
- matt1 4y agoThere's no API at the moment to programmatically build your timeline, but that might be something I add down the road. Here's the relevant post on Preceden's public roadmap if you care to give it an upvote: https://roadmap.preceden.com/b/y0ge5xve/feature-ideas/api https://roadmap.preceden.com/b/y0ge5xve/feature-ideas/api Hope it winds up being a good fit even without an API.
- username_my1 4y agoalready upvoted it. unfortunately it won't work without the APIs because it needs to be part of our product and there the data is constantly being updated dynamically by different actors / processes .
- matt1 4y agoNoted - thanks for the nudge to work on it!
- jimnotgym 4y agoHey Matt, I can't develop cool looking apps like this. I'm envious. What I can tell you is that sales people at big software companies never say 'No it can't do that' as an initial conversation. They would say something like, 'I'm sure it could do that. Let's set up a call to get your requirements straight'. He might only need a subset of your features, and the api needed could be trivial. He might have a $moneyisnoobject Corp waiting to pay. I mean you are completely within your rights to push away non-core users if you want.... but you know when a saas price page has Free, Basic and Enterprise teirs, and the Enterprise one has 'please call' next to it? That is because the price for customization is too embarrassing for both parties to make public!
- intelVISA 4y agoNice one Matt, grats and hope it goes well!
- raheemm 4y agoMatt, Thanks for writing this. I’ve also had a long, slow ramp up with my saas (8 years) and it’s great to read stories/experiences like this.
- jacquesm 4y agoYou should consider doing a 'Show HN', it would be very nice to read how you got to where you are today.
- randall 4y agoAwesome!! Good luck. I hope this makes you even happier and have a higher quality of life!
- jacquesm 4y agoThat's absolutely amazing to see you stick with it for such a long time to get to the point of being self supporting. Very nice, and heartfelt congratulations. It would be great to see a write-up of the lessons learned over the years, especially those early ones that limited your growth and also of interest would be your views around the long term effect of eco-system and language choices.
- matt1 4y ago> see a write-up of the lessons learned over the years It would make for a long blog post and no doubt one I'd have to continue updating, hah. I will write it at some point though, thanks for suggesting it. And thank you for all your thoughtful comments on HackerNews over its history as well as the posts on your blog. You're brilliant and this community is a better place because of your participation in it.
- jacquesm 4y agoBlush. Looking forward to seeing that blog post and if you want a proofreader count me in, email in profile. For every fifty fly-by-night and gone again operations there is one of yours and those are much more valuable lessons than most.
- sasha_fishter 4y agoGreat to see success stories from SaaS. Can you just share how did you attract first visitors, and subscribers when you first launched the web?
- matt1 4y agoI'm not sure I'm the best person to ask about this as I was very naive at that point in my journey. Launching Preceden was literally posting on HackerNews and hoping for the best. I would encourage you to join Microconf Connect, a Slack community of software entrepreneurs, where topics like this are discussed often: https://microconf.com/connect https://microconf.com/connect. Many of the old Microconf conference presentations are also on YouTube: https://www.youtube.com/c/MicroConf https://www.youtube.com/c/MicroConf
- huhtenberg 4y agoIf I read it correctly, Microconf Connect is for _SaaS_ founders only. This excludes all small software shops and single-man ops that do conventional desktop software. The community would easily grow 2x if the SaaS restriction is removed.
- rwalling 4y agoWe wouldn’t “easily grow 2x” if we served every type of software entrepreneur. We used to cater to all software: mobile apps, desktop, WordPress, etc. and we still have many folks in the community who are non-SaaS. But the focus on SaaS was a spark that dramatically increased growth as it allowed us to optimize everything we offer (content, community, masterminds) on the specific problems SaaS folks face. We don’t restrict folks who can join based on the type of software, so “restriction” is not the right word to use there. It’s just a focus. And it was a great choice, allowing us to be the best in the world at what we do (rather than serving a broader market, poorly).
- sasha_fishter 4y agoHey, thnx for the reply, I'm already a member at Microconf Slack :)
- sergiotapia 4y ago>As the sole breadwinner in our household with 4 young kids, I was not comfortable going full time and merely being ramen profitable or anything close to it. It takes a lot of balls and willpower to take this plunge. I wish you a lot of success and hope you make it. I'm also the sole breadwinner of my home and it's a lot of responsibility.
- matt1 4y agoThanks! It was not an easy decision even after getting Preceden to where I wanted it to be financially.
- smarri 4y agoCongratulations!
- wdewind 4y agoHey Matt, Not sure if you remember me but we talked about Lean Designs many years back (back then it was called jMockups). Excited to this next step for you! Congrats and good luck!
- matt1 4y agojMockups... now that's a name I haven't heard in a while! And one of those lesson learned: don't name products like that :). More about that tool and other lessons learned for anyone interested: https://mattmazur.com/2016/07/08/a-long-overdue-lean-designs-post-mortem/ https://mattmazur.com/2016/07/08/a-long-overdue-lean-designs...
- yrgulation 4y agoCongratulations to sticking to it for such a long time. Given sufficient time any startup can work. The more you know the more competitive you are the better the product.
- matt1 4y agoThank you!
- tjkrusinski 4y agoYou love to see it. Matt is a great example of someone who has bootstrapped and built a strong business while mitigating risk for his personal life. Much of the start up dogma tells you this isn't possible, but it is.
- matt1 4y agoIt's come a long way since the days of our old Orlando Tech meetups :)
- princevegeta89 4y agoLove it when I hear stories like this one. Love Microstartups at the same time as well. No mess no fuss, no funding drama. Good luck OP!
- matt1 4y agoThanks!
- jerryu 4y agoCongratulations Matt. Would love to learn more about the lessons/tips you learned in the past 8 years. Is your primary reason to go full-time based on reaching a financial target or is it because you have more ideas for future now?
- matt1 4y agoI'll write a lessons learned post in the future, thanks for suggesting it. The decision to go full time now stemmed from a combination of factors: partly financial milestones, partly not having enough time in the day to focus on the things I want to work on, partly burnout (consulting + bootstrapping a SaaS takes a toll long term), partly just ready to enter a new season of my life, partly because I'm excited about the recent developments in AI want want more time to explore that space, partly because I think Preceden still has a ton of room for growth, just to name a few. For every person these factors will be different.
- stevemethiew 4y ago[dead]
- PentelicoMarble 4y agoA product built by an ex-soldier who was part of an occupying force that committed countless war crimes? No thank you. Question for other HN users - would you use a product built by an officer of the Russian army who was part of the war in Ukraine? Edit: Those downvoting me, did I say anything that is not true?
- TobyTheDog123 4y agoThe dream of the 90's is alive in Portland - The tattoo ink never runs dry
- bsaul 4y agoDidn’t downvote you, but i assume that yes, most people here are able to understand that human life is complex, and that we should congratulate people whenever they’re doing something good. Most people are, fortunately, also able to distinguish between a soldier, his army policy, and the regime ruling over that army at a given time.
- PentelicoMarble 4y agoI disagree that we should congratulate anyone whenever they do something good, no matter what they did in the past. Would you blindly congratulate a participant in the Bucha massacre on the launch of their new app? Would you congratulate a former ISIS member? Surely even the most amoral person on HN would draw the line somewhere?
- jimnotgym 4y agoWas a soldier who was posted to Iraq morally inferior to a colleague who didn't get posted? I mean, neither was her choice? Soldiers go where they are sent. Or do you think people shouldn't join the armed forces of a country in case a future regime deploys them in a way they disagree with?
- MrOwnPut 4y agoYou're able to safely post that stupid comment because of soldiers and Pax Americana.
- stevoski 4y agoMatt, this is simply an awesome story. It’s surprisingly common that people take years to get to the point where they can go full-time. I find your story far more relatable than the “I started a SaaS and reached tons of revenue in one year - and you can too!” stories we are plagued with.
- matwood 4y agoIt sounds a lot like many (most?) small/medium companies that take a decade of work to find their footing. You typically don't see them on the front page of HN though.
- matt1 4y agoThanks for saying so! And yes, for every bootstrapped startup that sees a rocket ship trajectory and makes headlines, there are probably 100 that are struggling to grow. Would love to read more about those journeys.
- dfrey1 4y agoHonestly I totally agree. Matt, your determination in seeing this through, and the dedication for 13 (!!) years is wildly inspiring in this, and it gives me hope for some of my SaaS dreams.
- matt1 4y agoThank you! Best of luck!
- mikkelenzo 4y agoGreat to see this!
- mustafabisic1 4y agoI love this story and I wish you all the best. It goes to show that everybody has their own pace and journey. I feel like a lot of people are happy in their work even without a side gig, but it's kind of not cool to say. I'm totally happy with my role and couldn't be happier and more committed to my current job. The beautiful thing is that I have my own pace as well on a side gig. After 10 years of thinking and planning I just started on one faithful day with a HN comment 23 weeks ago. Today my weekly newsletter for remote working parents has 23 newsletter sends and over 100 subscribers (muscle)
- matt1 4y agoCongrats on starting the newsletter and for your progress! Here's a link to his site for anyone interested: https://thursdaydigest.com/ https://thursdaydigest.com/
- tchock23 4y agoLeanDomainSearch has found me so many good product/domain names over the years. Thank you so much for creating it, and best of luck to you with going full time!
- matt1 4y agoKudos to Automattic and Matt Mullenweg for keeping it running 10 years after its acquisition!
- TobyTheDog123 4y agoCongrats!
- drewda 4y agoThis looks like a very nicely polished marketing website and SaaS product. If the creator would be open to sharing, I'd be curious to hear more about whether he's engaged contractors or firms to help with specific types of design over the years. Any lessons learned on that front? I know there are many services that claim they'll sell you a "custom" logo for $100 or whatever... but assembling a nicely polished marketing site and product that look good together usually isn't as simple as that.
- matt1 4y agoMy design skills are alright (see the 2019 screenshot in the post), but it took hiring a designer a few years ago to take it to the next level (see the site today). I found him on Tailwind Discord and have been very fortunate to work with him. In retrospect I should have found someone much sooner given how important aesthetics are for a visualization tool like Preceden.
- drewda 4y agoMakes sense. Would you be able to share a bit more about how you started off with the designer? (Background: I'm asking because our SaaS business is at a point where we know it's ready for more polish for both marketing site and web app, but are unclear how much we should budget and whether we should go "all in" by hiring a designer who takes everything as far as CSS, or start with a couple targeted improvements that would be lower risk/budget first.)
- matt1 4y agoI was lucky to find someone who can both design well and implement the changes in the codebase (using Tailwind CSS which I'd highly recommend). You can obviously have two separate people (one to design, one to implement), but if you can find someone who can do both it will simplify things. For Preceden, we kind of just went page by page converting the old design over to Tailwind, making improvements along the way, and gradually ripping out all of the old CSS that had accumulated over a decade of me working on it. As I built out new features he would help with the design, but he spent the majority of his time improving the existing design.
- dutchbrit 4y agoCongratulations Matt! I love reading blog posts like this, did you do all the marketing yourself?
- matt1 4y agoMostly, yes, though I've worked with a few contractors over the years to help with specific things. Preceden has been sitting at the top of page 2 for "timeline maker" and related terms on Google for about a decade which is... fun.
- bambax 4y agoCongrats on going full-time! I remember using Lean Domain Search in the past and that it was in fact "lean" and pretty well made, super fast and easy to use. As for Preceden, how did you come up with the idea, and where do customers come from? That there are enough users of a tool like this to support you sounds amazing -- and I hope I don't sound dismissive: envious would be a better word! Testimonials are actually pretty inspiring, but one has to scroll to find them; maybe a link at the top of the page would help one see them faster? It makes one wonder how many other functions are waiting to be "webified" like this.
- matt1 4y agoGlad you found Lean Domain Search useful! Regarding the idea for Preceden: it was a combination of seeing a lot of coworkers struggling to create timelines while I was in the Air Force plus an interest in visualizing the life stories of some family members. And for better or worse, that's why it's a general purpose timeline maker tool, not one focused just on project managers or just on genealogy or any of the other myriad of use cases people find for it. In retrospect though, I should have focused because it would have simplified a lot of things (copywriting, features, marketing, and much more).
- tarunkotia 4y agoHey Matt, Firstly, congratulations! This is very inspiring and I love the pragmatic approach to starting a startup. You wrote about converting to a contractor with Help Scout from being a full-time employee. How did it help you free-up your time?
- matt1 4y agoInitially my intent was to go from full time employee to a ~16 hours/week contractor so I could spend the rest of my time on Preceden, but I wound up also picking up contracting work with my former employer (Automattic) and found myself working 30+ hours/week contracting. So much for focusing on Preceden. Eventually I stopped contracting at Automattic and gradually reduced my hours at Help Scout until it made sense for me to go full time on Preceden. I'm fortunate both Help Scout and Automattic were open to me contracting as it made this transition much easier than it would have been otherwise.
- rwalling 4y agoCongrats, Matt. I've enjoyed watching your journey for the past decade and am very excited that you're able to go FT on Preceden.
- matt1 4y agoThanks Rob! I have you, Mike, Sherry, and the Microconf community to thank in large part for showing me that this route is possible. I also have a copy of Start Small Stay Small, The Single Founder, and Keeping Your Sh*t Together on my bookshelf next to me (all highly recommended for anyone here interested in this approach to building a software business).
- rwalling 4y agoAwesome!
- md8 4y agoHey, I am a leandomainsearch user. Thanks for building.
- matt1 4y agoYou bet!
- sails 4y agoCongrats Matt! Very cool to see. A question. I'm trying to find a tool to visualise and document the evolution of obscure sports (purely because I find the interactions fascinating). It seems that your tool might be the perfect fit, especially the "writing" examples. I was wondering if it would be possible to visualise something along the lines of a quasi-directed graph. Nodes being specific instances of the inception of a "new" sport (hence the date requirement), and edges being the influence on other spots. Multiple edges for each node are possible, and all sports will have a start date and some an end date. I tried[2] with a basic POC but it seems the issue is that the nodes run without an end date, which breaks the dependency visualisation. One comment. Once logged in I wasn't easily able to get back to the landing page, which had some useful info around visualisation types that I wanted to review. And a note. I've apologised to a few people who I subjected to a variation on your SQL screener interview question [2], which contained far too much fiddling with SQLite time functions, entirely my mistake in ruining an otherwise great basic SQL test! [1] https://www.preceden.com/timelines/868890-obscure-sports?s=e0d469326e067313 https://www.preceden.com/timelines/868890-obscure-sports?s=e... [2] https://mattmazur.com/2018/11/12/analyzing-89-responses-to-a-sql-screener-question-for-a-senior-data-analyst-position/ https://mattmazur.com/2018/11/12/analyzing-89-responses-to-a...
- matt1 4y agoGlad you found that SQL screener interview question helpful and sorry if the date/time manipulation made it more complex than it needed to be :). Regarding the visualization capabilities: I would change the shape of the events from a line to a solid bar. When you combine that with the connections (which you're already using) it will look more like a directed graph like you're interested in. End dates are optional for events, so you should be able to get by with or without it. Happy to discuss more over email: help@preceden.com. Regardless, good luck with your visualization, it's a fascinating use case.
- sails 4y agoThanks, I think the gant format might be too restricting in the end, but I'll see how far I can get.
- ricksunny 4y agoGood on you; We need more examples highlighted of entrepreneurs leading the slow-burn (in a good way) types of ventures. Not every business activity fits the go-big-or-go-home Zuckerberg-esque meteoric rise archetype that the Techcrunch-led hype media attracts eyeballs for portraying.
- matt1 4y ago+100 Like I mentioned in another comment, the Microconf community is a fantastic resource for learning how to build this type of business: https://news.ycombinator.com/item?id=34248246 https://news.ycombinator.com/item?id=34248246
- RicoElectrico 4y agoAmen. But if you ever happen to invent a product category that turns out to be a huge untapped market, the gatekeepers-that-be (Google, Facebook, Apple et al.) will try to enter it as well and stomp you. Even if you don't, still, they collect their rent on everything we do online nowadays.
- Axsuul 4y agoUsually if that happens they expand the market, not kill you.
- Alex3917 4y ago> We need more examples highlighted of entrepreneurs leading the slow-burn (in a good way) types of ventures. There will be a lot more example of this in the coming years because the costs of keeping a pre-PMF webapp online have basically fallen to zero. Whereas when Zuckerberg started Facebook, if it didn't take off right away then you had no choice but to shut it down. When you hear VCs and other folks cast doubt on the ability of anything that doesn't immediately capture lightning in a bottle to succeed in the long term, they are incorrectly pattern matching to a trend from the past that just happened to be an artifact of the economics of that time period.
- chrisweekly 4y ago
- mugraph 4y agoInteresting looking project! Good luck with going full time. Under "Advanced Features for Power Users" it should read: "you'll have everything you need to create _a_ professional timeline, roadmap, or Gantt chart."
- matt1 4y agoDeploying a change to fix the typo now - thank you for pointing it out!
- andsoitis 4y agoCongratulations!
- matt1 4y agoThanks!
- user3939382 4y agoThis is pretty inspiring. I had a startup and system in 2005 that was so ahead of its time that many of its features still haven't been implemented by its contemporary competitors, it's tough when I think about it.
- matt1 4y agoIt's never to late to start something new. In a decade you'll wish you did.
- lukko 4y agoThat's brilliant, well done. Also, I have been looking for a better tool to make GANTT charts!
- matt1 4y agoHope Preceden is a good fit! It doesn't have all the bells and whistles as other Gantt chart tools, but that's exactly why a lot of people like it.
- geph2021 4y agocongrats, and a great story. Inspiring to see you stick with it for so long while dealing with the competing priorities of a young family. If only there was a timeline tool that could easily create an appealing, succinct graphic of the Preceden story. ;)
- matt1 4y agoMissed opportunity right there :)
- apurvak 4y agoCongrats. It's very inspiring story.
- matt1 4y agoAppreciate it!
- AndrewCopeland 4y agoLove the story! Breath of fresh air and a similar trajectory I would like to take for my own startup. The slow burn is real and making meaningful connections to customers is important for consistent revenue in the long term.
- matt1 4y agoThanks! And yes, without the right SaaS metrics, it can take a very long time to grow to a meaningful amount of revenue. I'd recommend anyone interested in starting a SaaS to get familiar with the economics and relevant metrics before building a product.
- hoten 4y agoI'm curious about how you juggled entrepreneurship and active deployment. Were there any interesting challenges, or did you ever meet someone doing similar things? Did you feel the need to hide what you were doing from your CO?
- matt1 4y agoYou may have seen the old post about that experience, but here's a link in case not: https://mattmazur.com/2016/01/04/building-a-startup-in-45-minutes-per-day-while-deployed-to-iraq/ https://mattmazur.com/2016/01/04/building-a-startup-in-45-mi... I never hid the fact I was working on side businesses, but also didn't go out of my way to tell coworkers. Don't think my CO's knew about it. I knew a few other officers who had side businesses, though not in the software space.
- tr33house 4y agoCongratulations Matt! How did you arrive at the threshold for working on this full-time? Are you sharing ARR/MRR values at this time?
- matt1 4y agoHere's a similar thread about my decision to go full time: https://news.ycombinator.com/item?id=34248481 https://news.ycombinator.com/item?id=34248481 I'm not and don't plan to share revenue numbers. Not much benefit.
- nhance 4y agoCould you share this information as a percentage of your monthly expenses? I'm pulling the trigger on this after 17 years in business and our ARR covered 50% of our anticipated annual expenses last year. We also grew by 100% last year, all while on coast with $0 spent in marketing. The time we spend on the products, when added up over time, the most valuable time we spend, so we have cut expenses and plowed away revenue to help us make this launch this year. The goal is to meet 100% of anticipated annual expenses in net ARR by the end of this year and it feels very doable. After 17 years, I'm also shy to discuss details because it's taken dozens, if not hundreds of attempts to find something that worked. Started in 2005.
- soobinrho 4y agoThe moment I clicked your article and saw Preceden, I realized this is exactly what, I didn't know, I needed because some online coding competitions require you to submit a timeline.
- matt1 4y agoHope it's a good fit for the competitions! You can create timelines with up to 10 events for free, so it should be more than enough for that purpose.
- winrid 4y agoVery inspiring! I hope to get there in a few years too!
- matt1 4y agoBest of luck!
- fnordpiglet 4y agoYou are a hero.
- gossamer 4y agoI was just looking the Preceden site today. It looks like a nice timeline program. Good luck!
- matt1 4y agoAppreciate it!
- waprin 4y agoCongrats and thanks for sharing, as an aspiring SaaS bootstrapper and father there’s plenty of headwinds so nice to see people sharing their stories piloting through them.
- matt1 4y agoThanks for saying so!
- AussieWog93 4y agoCongrats on making it, Matt. I quit my job to focus on the side hustle full-time back at the start of 2020 (back when we all thought it was going to be like any other year). The hardest and most stressful part by far was renegotiating boundaries with my wife. Being physically around one another all the time, and having no set hours is a recipe for relationship woes. Having our first kid during the lockdowns (we're in Melbourne, AU) didn't help either. Almost 3 years later, life is great, but for a time there it was the worst it had ever been. Make sure to take the time to negotiate boundaries, as all problems become work problems when you run your own business.
- matt1 4y agoAppreciate the heads up here. I've been working remotely since I left the Air Force a decade ago so it won't be much of a change, though it is going to be interesting to see how my schedule changes now that I now don't have to juggle contracting anymore. Any other suggestions are welcome!
- yamazakiwi 4y agoI haven't been able to work remotely so I'm genuinely curious how that has affected you. Can you provide any examples out of curiosity... I'm assuming they're quite innocuous.
- leoqa 4y agoThis is my experience exactly but I was remote from work during covid, with a newborn in the other room and no one in the house was sleeping. Took awhile but things got better. Just in time, we have another on the way.
- white_dragon88 4y ago[dead]
- ultrasounder 4y agoVery inspiring! Not a hint of survivor bias.Long ramp of SAAS death ramp beckons!
- noname123 4y agoHi Matt, thanks for sharing. Just a proof of my staying power, I saw your Preceden post on HN; and paid for a license 13 years ago promptly your v0.1 and I am still here. https://i.imgur.com/ejUm3Gh.png https://i.imgur.com/ejUm3Gh.png I had bought a license purely on a whim as I was browsing HN on company-time. I was in 20's, bored and ambitious with no concrete plans and I proceeded to play on company-time in my cubicle the rest of the day and planned out my life plan on Preceden instead of working, like the timeline for when I should get my next promotion (maybe in 2 years for at least 10K, rite??), when I should buy my 1st house etc (maybe a fix upper? duplex so I can rent it out?), when I should get married etc (in 5 years). I showed my entire life plan to my co-workers whom all laughed at me b/c (a) I planned everything out in my life, and (b) I paid for a $19 license to plot out my life plan. To get to the bottom-line, I never got that promotion, am still renting and still haven't gotten married! So definitely you who got my $19 license fees and my co-workers got the last laugh! (But like you I kept on and off workin' my side-hustles since 2010 even when it seemed entire hopeless - which was building a trading bot; and like anything in life after so many false starts, it eventually started becoming consistent and compounded; and my capital gains from trading has been significantly greater than my W-2 as a SWE for the last 3 years. So much has changed on HN since 2010: crypto, Web3, new JS frameworks that pop up every year, unicorns; but the only thing that has paid off at least for me - it seems is sticking to something and showing up for it every day for 13 years and counting... thanks again for sharing!)
- matt1 4y agoWow, you got on one of those $19 for life plans that I initially offered, that's wild! It's great to hear you got some use out of the tool and hopefully continue to do so. I look forward to your next life update in 13 years when Preceden makes the HackerNews homepage again :). PS for any aspiring entrepreneurs: don't offer lifetime plans, and definitely not for $19, lol.
- hermitcrab 4y agoCongrats on 13 years. I started selling my (desktop) software in 2005 and am still going. >don't offer lifetime plans Yep! https://successfulsoftware.net/2008/09/08/should-i-give-free-upgrades-for-life/ https://successfulsoftware.net/2008/09/08/should-i-give-free...
- agentwiggles 4y agoThis is super inspiring. I just started working on a side project that I hope can one day be worth something. I'm also the sole breadwinner of a household with 2 (soon to be 3) kids and a wife depending on me, so it's really inspiring to see that the dream really can happen, even if it takes a decade plus to realize. Even if my thing never takes off, it's a tool I've wanted for a long time, so I'm motivated to keep going even if it never makes a penny. Congratulations, wishing you lots of continued success.
- matt1 4y agoI should have said this in the post, but even if your startup doesn't take off, the skills you learn along the way are very valuable and will make you better at all of your future jobs. I hope things work out for you and that they don't take as long as they did for me :).
- agentwiggles 4y agoCalling it a "startup" at this point feels like a wild exaggeration, I have a user account system and a landing page so far. My current goal is to dedicate the same amount of time to the idea that I spent playing Factorio last year (about 160 hours by Steam's reckoning). At the end of that I will, if nothing else, have learned a lot about Phoenix, which feels like a good bet regardless of any wild dreams of sustaining an income from the other. Either way though, thanks for the encouragement!
- dmueller39 4y ago> Even if my thing never takes off, it's a tool I've wanted for a long time, so I'm motivated to keep going even if it never makes a penny. This is what motivates me! Humorously, I keep getting pulled back to building the features I want instead of actually getting the thing in front of people :)
- jordanmoconnor 4y agoAwesome work! It takes a lot of guts to go out on your own and bet on yourself. I did that over two years ago and I'll never regret it - the amount of time I get to spend with my kids is incredible, and serving customers that use and love the tools you build is a great feeling.
- matt1 4y agoThanks, I'm looking forward to the extra time with the family as well! And since you didn't share your startup, I'll do it for ya: https://closet.tools/ https://closet.tools/
- jordanmoconnor 4y agoHa, thanks. My customers aren't here, only the people who will create a copycat this weekend
- matt1 4y agoHopefully more than a weekend ;)
- llIIllIIllIIl 4y agoCongratulations! Your story is very inspiring, your product is amazing and i wish you best of luck. I will follow your path, just today got my first paying subscription purchased for my SaaS.
- matt1 4y agoCongrats to you to as well then!
- encoderer 4y agoThis is great to hear, congrats. I took about 6.5 years to do that same journey (and having a kid), and one problem I had was that the goalposts kept shifting on me, partly because a slowly growing side-income is easy to get accustomed to so even when I got to where my startup was able to pay me as much as my day job, it felt more like I had doubled my salary, not replaced it. Did you struggle with that at all?
- matt1 4y agoThis was my life the last few years :D. Eventually just had to go for it and give up the extra income. It's not clear it was the best decision financially (though it may wind up being so), but it felt like the best decision for my soul, if that makes sense.
- encoderer 4y agoOh yeah you bet. Same here. For me, it was doubly true because I made the leap during the Pandemic lock-down and it was an enormous relief to get out of the zoom-meeting hellscape that my life had became. (I was a middle-manager). It is hard because I also did not ask my wife/family to take a big hit and instead figured I would burn through cash for 2-3 years while I either grew the business or, eventually, did something else. At the time my portfolio was doing great, tons of crypto gains, real wealth effect, and then basically 4 months after leaving my job the top was in and it's been nothing but declining values. Nevertheless, the business has grown, and as far as I can tell, in 2023, we will break even as a family, and then be out of this crunch. I do wish I could have refinanced my mortgage at 2% but nobody would touch me because I didn't have a regular w2 income from a non-affiliated company. Wish you the best man! I do have timelines in my product and I would pay a modest fee (maybe... 1k a year?) to license a library that was better than what I currently use which is fullcalendar
- matt1 4y agoThanks for sharing and best of luck with your business's growth in 2023! Also, regarding FullCalendar, if you need an actual calendar then Preceden won't be a good fit for you. But if you're OK with a horizontal timeline, it might work well. Worth checking out IMHO.
- shostack 4y agoHow has the recent Google Sheets timeline feature release impacted you? https://workspaceupdates.googleblog.com/2022/11/timeline-view-google-sheets.html?m=1 https://workspaceupdates.googleblog.com/2022/11/timeline-vie...
- matt1 4y agoHard to know. Probably not much. Many other tools have built-in timeline functionality including most project management tools. But they're not able to go deep on the features and tend to look pretty ugly. Because Preceden focuses on timelines, we're able to go deep and provide a better experience. For many people, that's what they want out of a timeline maker tool.
- s-xyz 4y agoCongratulations on the step and all the best in your journey. An idea could be to do an update after a year on how its going.
- matt1 4y agoCan do!
- tayloramurphy 4y agoVery cool to see you on HN Matt! I know Matt from the data world where his SQL Style Guide[0] was always at odds with the one we maintained at GitLab[1]. :-D Posts like this are great to show folks just how long it can take to do things. I love his story and am eager to watch Preceden grow! [0] https://github.com/mattm/sql-style-guide https://github.com/mattm/sql-style-guide [1] https://about.gitlab.com/handbook/business-technology/data-team/platform/sql-style-guide/ https://about.gitlab.com/handbook/business-technology/data-t...
- matt1 4y agoOne of these days y'all will switch over to lowercase SQL keywords, you'll see ;)
- tayloramurphy 4y agoNever!
- shanecleveland 4y agoI find stories like yours much more inspiring that the overnight successes. Thanks for sharing and I wish you well going forward. Over this time, what have your most successful marketing/customer acquisition strategies been? How has this changed?
- matt1 4y agoContent marketing and SEO have proved the most successful. For example, this list of timeline makers ranks well for various search terms and brings in a lot of new users: https://www.preceden.com/timeline-makers https://www.preceden.com/timeline-makers. I've tried a lot of other things like paid spend, but could never get the economics to work. Maybe one day!
- charles_f 4y agoThat's awesome! Very inspiring Out of curiosity, I see that the $16 pack gets you your own logo and branding. Is that kind of vanity something people actually ask for? Always sound weird to me :)
- matt1 4y agoThe free plans include Preceden branding on some export formats (like PDFs) which serves as a marketing channel because anyone they share the PDF with will see the timeline is created with Preceden and some will go on to check it out and become customers. Both paid plans remove the Preceden branding, which is one reason users might choose to upgrade. Regarding adding a custom logo, that's mostly a need of professionals in larger businesses (think project managers at Fortune 500 companies), so having that on the top paid plan encourages those type of users to upgrade to that plan vs the cheaper one.
- charles_f 4y agoAhhh, ok! Makes sense, thanks!
- teruakohatu 4y agoHi Matt, how do you find the $xx/month (billed annually) verses the monthly cost impacts conversion? As a consumer I loathe the billed annual option.
- mpenick 4y agoI love annual plans when they can offer savings over paying monthly.
- matt1 4y agoPreceden's annual plans are discounted 60% (!) vs the monthly plans, so it's an attractive option for users who need Preceden for longer projects.
- teruakohatu 4y agoI wish you had replied to my original question. I am quite curious. You must have worked out that a 60% discount, or a 66% penalty from the perspective of monthly users, is more profitable for you. I suspect the reason is people paying annually, using it for a month, then not using it again. Or forgetting to cancel an annual plan. In short, the old school gym membership model. Is that right or are there other factors that play into the pricing?
- matt1 4y agoWith Preceden, people tend to fall into two groups: those that need it for a short term project and won't use it again, and those that need it for a longer term project. The monthly plans are there to give people who need it for a short project an affordable way to use it for a short period of time without any long term commitment. And the annual plans are there for the people who need it long term. Preceden sends receipts for both monthly and annual charges, and reminder emails for the annual ones. Don't get too many refund requests or chargebacks because of this.
- huhtenberg 4y ago"Side projects promoted to full-time" would make for an excellent Ask HN topic.
- Elof 4y agoLearn GPT is brilliant. Thank you for this.
- matt1 4y agoIt's coming along!
- holler 4y ago> I made a lot of rookie mistakes over the years that limited Preceden’s growth including not focusing on a specific niche, not spending enough time marketing, not talking to enough customers, trying to do too much myself, and just in general picking a difficult product and business to build (something I didn’t give any thought to initially). This really resonates with me. I've been building a new social app, that's taken awhile to build, and I've faced the same challenges along the way. It'd be real easy to give up on a project before it's really found pmf. To keep going, to believe in it and not give up is encouraging. Great to hear your story!
- matt1 4y agoThanks! I will say though, people should give up sometimes. I gave up on a bunch of the other projects I started that time, and there's an argument that I should have given up on Preceden too and found an easier business to start. On that happy note, I wish you all the best with Sqwok. May growth come easier to your business than it has to Preceden.
- holler 4y ago> and found an easier business to start. That's true, then again hindsight is 20/20!
- Rastonbury 4y agoThis is inspiring, if anyone came to me with a SaaS idea to sell a timeline maker with premium plan $19/month I'd tell them to think of something else. At first blush, its too much a one off need, too cheap to have margin on marketing/sales, and there are free competitors. To build what I just described into supporting a family fulltime is amazing.
- matt1 4y ago> At first blush, its too much a one off need, too cheap to have margin on marketing/sales, and there are free competitors. You are not wrong on any of these points which is partly why it took so long. If I could take a time machine back in time and give my younger self advice, I would tell myself not to try to start a timeline maker business :).
- Rastonbury 4y agoYou must know a thing or two about SEO! Do you have maybe top tips or actions to take to rank up? I've this side project with a handful of customers happy to pay $60 a month, paid marketing never worked, I really really should spend some time on the weekends improving SEO
- 2457013579 4y agoFYI- on your Preceden website menu, the “Use Cases” and “Resources” tabs don’t open up on DuckDuckGo on my iPhone. However, it does pop up properly on Chrome on my iPhone.
- matt1 4y agoWill check it out - thank you.
- deleted 4y ago[deleted]
- mateuszbuda 4y agoI don't want to spread negativity here but such success stories from indie hackers or side projects always remind me that most of them don't make any money: https://scrapingfish.com/blog/indie-hackers-revenue https://scrapingfish.com/blog/indie-hackers-revenue
- dmueller39 4y agoMarketing is a VERY different skill from building, and can take years to master. As someone who has built several side projects that landed in the "didn't make any money" bucket, it's easy to fall for the "build it and they will come" mental trap. I am starting the journey of learning marketing now, but I have a lot of optimism, as I am learning all sorts of things that don't work, and looking forward to trying the things that people say do work.
- matt1 4y agoOne thing that helped me was when I was full time at Automattic, I intentionally started using my engineering skills to help the marketing team, and eventually was able to switch completely over to the marketing team to help with landing pages, analytics, attribution, data, etc. I was able to learn a lot about marketing through that experience and it helped me get a lot more savvy about it for Preceden (though it still doesn't come naturally to me). You don't have to go that route though - the Microconf videos are excellent sources of marketing advice - but if you can immerse yourself in that world in your full time job, it will go a long way.
- dmueller39 4y agoLove the advice! I made a targeted team move last year to help my side project, but didn't even consider marketing. I might have to see whats available.
- primax 4y agoHi Matt, Congrats on making it! I'd never heard of your projects but will give them a serious look now. How did you go about managing work/side-work/life balance with 4 kids? I really struggle with just 1 and a half.
- dmueller39 4y agoNot Matt, but I have a similar situation (3 kids, FT job, side project). My side project has been running for a few years now, but I am able to be pretty productive on it. First, I wake up early, and make sure the side project is the first thing I do every day. There's a book "the richest man in Babylon" and one of the ideas is "pay yourself first". I take that principle to my side project. I work on the side project first thing in the morning, to ensure I give it my best. I still want to learn and deliver good work at my FT job, but I've always ensured that from a time perspective I've paid into the side project first, because I believe thats the best long term career investment. Unfortunately, yes, this means that you need to set an alarm, but I enjoy the work, so I don't feel like I'm dragging myself out of bed. That leads me to my second point which is make sure you enjoy the side project. I've worked on multiple and the biggest mistake I've made is building something I didn't need or want. I built a few projects because they were technically interesting, not because I really needed them. For SAAS you might not necessarily directly need or enjoy the tool you build, but you better enjoy building it, and enabling others to use it! If not, it will be difficult to keep up motivation when things get tough. GL!
- matt1 4y agoIn Preceden's early days, I didn't have any kids, so could work on some nights and weekends and it was no issue. When we started having kids and I was still full time, I greatly reduced much time I had to work on side projects. That eventually led me to switching to a contractor role with reduced hours because it was too hard to juggle a full time job, a SaaS, multiple kids, and my sanity. I never worked on Preceden when I should have been working on my full time job, and tried not to work on it much when I should have been spending time with my family. Definitely figure out your priorities and work with your spouse to come up with some ground rules that help you make it work long term.
- 778hbff 4y ago[flagged]
- fuzzygroup 4y agoIn case any founders out there are wondering if a Hacker News post drives actual revenues, I needed to make a timeline today, remembered this, signed up, hit the limit and bought an account. PS - This is the best timeline tool I've ever used. I used it to chart out my career history and it was damn useful. https://www.preceden.com/timelines/869343-scott-johnson-career https://www.preceden.com/timelines/869343-scott-johnson-care...
- matt1 4y agoThanks for the kind words Scott and also for your detailed feedback over email - much appreciated!
- simne 4y agoGreetings from Ukraine! Must admit, 13 years ago, I was not so respectful for ex-military doing business. But after all we seen, You are great, keep moving!
- gmays 4y agoCongrats Matt, this is awesome news!