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Your comment reminded me of a cool little project I found a few years ago re: niche problems and smaller solutions - the target demo being soldiers who (very ge

Your comment reminded me of a cool little project I found a few years ago re: niche problems and smaller solutions - the target demo being soldiers who (very generally) have some disposable income to spend on a small app that can improve their professional QoL was kind of genius imo. There was (still is, though the website is now dead) a really cool website/app that a fmr Air Force soldier made called AFI SWiM[0] that extracted 'Shall, Will and Must' references from Air Force publications which blew up in popularity among the target demo. The dev recently(ish) wrote a blog post[1] how it surprised him to see the app[2] had gotten around ~20k downloads, though I am unsure if the app was always priced at $1.99 (which would be just under $40k). I like the idea of developing a problem solver for a niche market, though finding and monetizing it definitely is pretty tough. [0] https://web.archive.org/web/20220601160702/https://swim.afiexplorer.com/ https://web.archive.org/web/20220601160702/https://swim.afie... [1] https://willswire.com/blog/chat-afi/ https://willswire.com/blog/chat-afi/ [2] https://apps.apple.com/us/app/afi-explorer/id1564964107 https://apps.apple.com/us/app/afi-explorer/id1564964107 the github repo: https://github.com/willswire/afi-swim https://github.com/willswire/afi-swim

cvwright 2y ago
Your story supports the position that it's safer to take the FAANG job. This guy found an underserved market opportunity, built something, got some success marketing it, and made a whopping total of $40k. Meanwhile the FAANG guys are making that every two months, without all the risk.
- wonger_ 2y ago
  Imagine if this app was B2B instead of B2C, or if it pivots to B2B in the future, or if it's acquired. Imagine also future passive income with little maintenance. And his project seemed like a side project written over a few months. Still risky, but the expected value is comparable to a stint at a salaried job IMO, once you find a decent market opportunity. Not to mention the qualitative value of self-employment, and that FAANG employment seems a tad risky these days with layoffs.
  - edgriebel 2y ago
    > imagine if We can play this game all day, but the fact is somebody put a ton of work into a project and made about what they could have made in a month at a FAANG. Pretty crappy trade off.
    - madamelic 2y ago
      > Pretty crappy trade off. Not really. FAANG people have to show up to get that salary. It's not apples to apples to compare this to salary because the app was built once then continued to make money without additional work. Salary requires constant effort and work. I will take working 60 - 80 hours for a week to make $40k over working 320 hours to make the same.
  - Noneofya 2y ago
    Imagine investing the FAANG money into dividend ETFs and living off those in a few years. > that FAANG employment seems a tad risky these days with layoffs You aren’t seriously comparing the risk of self-employment to the risk of being layed off by one of the most stable companies of the world during a downturn after a 15 year bullrun, are you?

cvwright 2y ago

Your story supports the position that it's safer to take the FAANG job. This guy found an underserved market opportunity, built something, got some success marketing it, and made a whopping total of $40k. Meanwhile the FAANG guys are making that every two months, without all the risk.

wonger_ 2y ago
Imagine if this app was B2B instead of B2C, or if it pivots to B2B in the future, or if it's acquired. Imagine also future passive income with little maintenance. And his project seemed like a side project written over a few months. Still risky, but the expected value is comparable to a stint at a salaried job IMO, once you find a decent market opportunity. Not to mention the qualitative value of self-employment, and that FAANG employment seems a tad risky these days with layoffs.
- edgriebel 2y ago
  > imagine if We can play this game all day, but the fact is somebody put a ton of work into a project and made about what they could have made in a month at a FAANG. Pretty crappy trade off.
  - madamelic 2y ago
    > Pretty crappy trade off. Not really. FAANG people have to show up to get that salary. It's not apples to apples to compare this to salary because the app was built once then continued to make money without additional work. Salary requires constant effort and work. I will take working 60 - 80 hours for a week to make $40k over working 320 hours to make the same.
- Noneofya 2y ago
  Imagine investing the FAANG money into dividend ETFs and living off those in a few years. > that FAANG employment seems a tad risky these days with layoffs You aren’t seriously comparing the risk of self-employment to the risk of being layed off by one of the most stable companies of the world during a downturn after a 15 year bullrun, are you?