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I think you should consider the option that your friend got extremely lucky. Finding a SaaS idea that works, generates 6-7 figures in the 1st year, can be run s

by Maro 3y ago

I think you should consider the option that your friend got extremely lucky. Finding a SaaS idea that works, generates 6-7 figures in the 1st year, can be run solo, doesn't put high demands.and pressure (billing, uptime, legal) on that solo founder sounds extremely unlikely. Each of those is like a 1/100 multiplier..

b20000 3y ago
i agree, if it was that easy…
Exuma 3y ago
I have recreated his results by more than an order of magnitude, more than once. In each case it was a 2 man team, and most recently 3 people. It’s most certainly not luck (I have access to the same trends and information, and the same internet as everyone else). With that’s said they’re not technically saas (recurring payments for software service) but rather just various businesses in industries across the board the most money is made doing the mundane from what I've found. The industries that aren't glamorous. Also, my friend group, all entrepreneurs, have similar results. I don't know this guy... and if you can get get over his unpleasant "guru" angle... go look at the creator of RemoteOK. He repeatedly creates businesses that succeed over and over, using the same formula. A FOAF made millions (maybe 10's of millions) importing/exporting heavy machinery with basically nothing more than a phone. You have to know where to look, and what trends to pick up on, and after that it seems quite easy, albeit hard to explain as a process. Or something I could repeat on command. It's very timing dependent, dependent on consistent trial and error, and you need to be surrounded by people who are on the same page where you can work together very quickly when you see something that might be a success.
- rhoque 3y ago
  Hi, is there a way to reach out to you?
- melostax 3y ago
  If you don't mind sharing, could you elaborate on the process of finding these ideas and how to look for them and validate them? Thank you!
- deanmoriarty 3y ago
  > the most money is made doing the mundane from what I've found. The industries that aren't glamorous. Would you be able to share an example of what were those industries/businesses, perhaps ideas that you already pursued and moved on from? I too feel the people who attribute such successes to luck are missing something. I’ve had people tell me that a lot of the things I achieved professionally in life (being able to successfully immigrate to the US from another country, get tech jobs in Silicon Valley including Google, get out-of-band compensation, work as an early employee at a unicorn, etc) were due to pure luck, but I don’t believe it. I see so many people around me who followed the same path, and it was perhaps 80% determination and 20% luck.
  - Exuma 3y ago
    Things like insurance, payment processing, etc. There is an entire world 99% of people aren't aware of. I'm grateful my eyes were opened to this world many years ago. I have never taken outside funding, I don't deal with investors, I don't deal with other partners. Just the same business partner I have had for 10 years. I've probably started over 100 projects at this point.
    - deanmoriarty 3y ago
      Wow, that's fantastic, and I believe everything you said. I would have no problem working on a traditional, even boring, industry. I hope to be able to find a path outside of beyond Corporate America asap.

by Maro 3y ago

b20000 3y ago

i agree, if it was that easy…

Exuma 3y ago

I have recreated his results by more than an order of magnitude, more than once. In each case it was a 2 man team, and most recently 3 people. It’s most certainly not luck (I have access to the same trends and information, and the same internet as everyone else). With that’s said they’re not technically saas (recurring payments for software service) but rather just various businesses in industries across the board the most money is made doing the mundane from what I've found. The industries that aren't glamorous. Also, my friend group, all entrepreneurs, have similar results. I don't know this guy... and if you can get get over his unpleasant "guru" angle... go look at the creator of RemoteOK. He repeatedly creates businesses that succeed over and over, using the same formula. A FOAF made millions (maybe 10's of millions) importing/exporting heavy machinery with basically nothing more than a phone. You have to know where to look, and what trends to pick up on, and after that it seems quite easy, albeit hard to explain as a process. Or something I could repeat on command. It's very timing dependent, dependent on consistent trial and error, and you need to be surrounded by people who are on the same page where you can work together very quickly when you see something that might be a success.

rhoque 3y ago
Hi, is there a way to reach out to you?
melostax 3y ago
If you don't mind sharing, could you elaborate on the process of finding these ideas and how to look for them and validate them? Thank you!
deanmoriarty 3y ago
> the most money is made doing the mundane from what I've found. The industries that aren't glamorous. Would you be able to share an example of what were those industries/businesses, perhaps ideas that you already pursued and moved on from? I too feel the people who attribute such successes to luck are missing something. I’ve had people tell me that a lot of the things I achieved professionally in life (being able to successfully immigrate to the US from another country, get tech jobs in Silicon Valley including Google, get out-of-band compensation, work as an early employee at a unicorn, etc) were due to pure luck, but I don’t believe it. I see so many people around me who followed the same path, and it was perhaps 80% determination and 20% luck.
- Exuma 3y ago
  Things like insurance, payment processing, etc. There is an entire world 99% of people aren't aware of. I'm grateful my eyes were opened to this world many years ago. I have never taken outside funding, I don't deal with investors, I don't deal with other partners. Just the same business partner I have had for 10 years. I've probably started over 100 projects at this point.
  - deanmoriarty 3y ago
    Wow, that's fantastic, and I believe everything you said. I would have no problem working on a traditional, even boring, industry. I hope to be able to find a path outside of beyond Corporate America asap.