Live data from Hacker News

Ask HN: Founders, what's your lifestyle like?

news.ycombinator.com

31–40 of 100 posts

Re: Ask HN: Founders, what's your lifestyle like?

#31

Mostly free time. Probably not much different than most retirees with money in the bank. I always wanted independence. I never wanted employees. SaaS is a wonderful business model for that. It took 10 years and a dozen ideas to find 2 businesses I could run on my own, be low-touch enough that I'd not have to be hands-on with every customer, and pay enough to be a viable alternative to employment. Most of my web app i…

How many relationships did you have before you found someone that was compatible with the lifestyle you had built up? I found it really hard to maintain a long-distance relationship while a CS undergrad, and I'm curious how that side of your life worked out.

Re: Ask HN: Founders, what's your lifestyle like?

#32

Mostly free time. Probably not much different than most retirees with money in the bank. I always wanted independence. I never wanted employees. SaaS is a wonderful business model for that. It took 10 years and a dozen ideas to find 2 businesses I could run on my own, be low-touch enough that I'd not have to be hands-on with every customer, and pay enough to be a viable alternative to employment. Most of my web app i…

This is really awesome, thanks for posting it! If you don't mind me asking, have the 2 businesses you have active always been low touch or is that largely a factor of their success? Eg at this point it seems you could let someone demanding loads of support just opt out and go elsewhere - but did you initially have to be significantly more hands on?

Re: Ask HN: Founders, what's your lifestyle like?

#33

Mostly free time. Probably not much different than most retirees with money in the bank. I always wanted independence. I never wanted employees. SaaS is a wonderful business model for that. It took 10 years and a dozen ideas to find 2 businesses I could run on my own, be low-touch enough that I'd not have to be hands-on with every customer, and pay enough to be a viable alternative to employment. Most of my web app i…

How did you go about gathering customers? Also, what are the 3 main lessons you learned from the other failed startups?

Re: Ask HN: Founders, what's your lifestyle like?

#34

Mostly free time. Probably not much different than most retirees with money in the bank. I always wanted independence. I never wanted employees. SaaS is a wonderful business model for that. It took 10 years and a dozen ideas to find 2 businesses I could run on my own, be low-touch enough that I'd not have to be hands-on with every customer, and pay enough to be a viable alternative to employment. Most of my web app i…

$30k a month? - Incredible

I read it as per year. I went back and double checked. Per month it is!

Re: Ask HN: Founders, what's your lifestyle like?

#35
Throw away for obvious reasons.

My partner kidnapped my children to different country.Three week granparent visit for "trial" will be soon two years. I dont have much options, so I followed. Now I am at country with zero friends and unknown language. I can not order in shop, my children just started talking in foreign language and I need translator.

This brings lot of stress, but it is also (sort of) distraction free. There is basically a truce with my partner. I am lucky to work from home and spend lot of time with my children.

I work about 2 hours/day to pay our bills. For another 5 hours I work on my "PROJECT". Very niche programming library in good field. Next year it will be ready, I am planning to divorce and scale up the business.

I am 10x programmer in very narrow field, all this reduces my productivity to third, so still doable.

Re: Ask HN: Founders, what's your lifestyle like?

#36

I think "manic" describes things well. The highs are very high and the lows are very low. And if you're just floating along in the middle, you're always wanting more. It's one of the reasons trying to do this on your own is so hard. Ideally when you're having an off day your cofounder is there to pick you back up. In this sense, being in sync with your cofounder isn't always a good thing. On any given day, it's diffi…

I can attest to this. it's like a roller coaster. for me the lows are when nothing happens. it feels like eternity. the highs are when you make sales and everything goes well. it's something I am working on, trying to separate emotion from the business like a robot would. It's expectation management.

Re: Ask HN: Founders, what's your lifestyle like?

#37

Mostly free time. Probably not much different than most retirees with money in the bank. I always wanted independence. I never wanted employees. SaaS is a wonderful business model for that. It took 10 years and a dozen ideas to find 2 businesses I could run on my own, be low-touch enough that I'd not have to be hands-on with every customer, and pay enough to be a viable alternative to employment. Most of my web app i…

How did you go about gathering customers? Also, what are the 3 main lessons you learned from the other failed startups?

These lessons won't apply to 99% of startups, but they're what I've learned work for me:

Sell to small businesses. Not consumers (too hard to convince them to spend money), not enterprise (too much work for me; I hate sales).

Make something that will earn the customer money, or save them money. If it can earn or save them more than you charge, it's easy to sell, and they'll be happy to pay for it. That covers a surprisingly large number of potential business ideas any developer could create on their own. One of my first successful ones was just a WordPress plugin to add Amazon-style review/rating capabilities to any site, before anyone else had commoditized that. It saved money (versus hiring a developer) and earned money (most of the customers were affiliate marketers building product review/comparison sites, and their sites earned them more commissions when they had good-looking user reviews on the product pages). I made $250K from that plugin before selling the business on Flippa.

Make it easy to get that value out of your product as soon as possible. I do a free trial. I expect users to at least "get" how they can earn or save money using the product before that trial's over. The most important aspect to that is to get onboarding right: good lifecycle e-mails, a good first-login experience, and walkthroughs or something else that guides new users through the product. That's also what minimizes the customer service load.

If you have a good product, the customers will come. Well, maybe you'll need some AdWords ads to get the first ones; that's what I did. Now there's 2-3 signups a day that are just referrals from existing customers. It's enough to stay ahead of subscription churn.

Oh, and pricing is important. I doubled W3Counter's MRR by changing the plans around and adding annual billing. Improvely's MRR grows as the customers' businesses grow since pricing is tied to the level of traffic their sites get. The value they get out of the product grows with that too, so everyone's growing together and happy about it.

Re: Ask HN: Founders, what's your lifestyle like?

#39

Bad: I work 10 hours a day, 6 days a week. Good: On something I like to do. Bad: Have to keep most customers happy. Good: Can tell that one customer who is genuinely being an asshat, to go fuck himself.

How big is your team?

Three people full time (me and two others), around a dozen collaborating while they do other stuff.

That's about as big as I can manage it, so that works out. Not looking to expand at the moment. Some people may work for us full time when they wrap up their day job.

Re: Ask HN: Founders, what's your lifestyle like?

#40
post #20

Earlier quoted context omitted.

You're telling me you even get to sleep in?

What does that mean?

It was just a poor joke about 7am being considered early in the bay. Mostly because I loath my 5am wakups for my corporate job. Sorry.
Post reply on HN