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Ask HN: Single Person startup/company?

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Re: Ask HN: Single Person startup/company?

#291

Post by pieterhg »

stockkid wrote: post #208
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Thanks for sharing. Immediately thought of NomadList when I saw this post. > keeping it while lots of competitors (including funded ones) keep coming in again and again and try to copy everything you did but do it better My current project https://remotebase.io borrowed a lot from NomadList. While it's not successful yet, I can see what you mean.

Hi Sung-won! I love Remote Base and I borrowed A LOT from Product Hunt, and they borrowed a lot from Reddit, who borrowed from Digg. So it's all just inspiration. I think it starts to bug when it's competition!

Re: Ask HN: Single Person startup/company?

#292

Post by pieterhg »

hdra wrote: post #217
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Hey, I'm curious, you mentioned that you've just opened a Ltd., so, what form of company have you been running until recently?

An SP, but that's stupid tax wise as almost 50% goes to tax then. With a Dutch Ltd., it's 20% corporate tax and minimum CEO salary about 50K/y. So then you pay ~50% on that salary + corporate tax on your revenue.

Re: Ask HN: Single Person startup/company?

#293

Post by pieterhg »

arisAlexis wrote: post #280
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Why don't you open a company in Estonia? Its super easy

Because I live in the Netherlands. And if I want to keep living here, I can't just offshore my company to somewhere and run it from here. Especially not since it's a 1-person company. It'll be judged by the Dutch IRS as a Dutch corp. not an Estonian corp. Then I'm double taxed. Depends if you're audited or not for this to happen.

It's a myth you can just open a corp anywhere and benefit from low tax, a lot depends on where you live personally (as CEO), where your staff is, where your customers are and where you spend the "fruits of your labor". Why is it a myth? Because otherwise EVERY freelancer would offshore to a low-tax country. They can't. It's a loophole that doesn't exist.

Re: Ask HN: Single Person startup/company?

#294

Post by pieterhg »

Cian911 wrote: post #230
pieterhg wrote: post #204

Earlier quoted context omitted.

I built the site, but then I thought, omg I'm going to lose all these users once they leave. So I added a MailChimp email box, then a chat group, a forum and kept making more for them. That's how people kept coming back and finally paying money.

Been following your blog for a while now Peter, since I first came across the article Wired did about you. I'd love it if you wrote a post about this, and your success in generalup until this point!

I will! My blog is a perpetual backlog of posts, but it'll happen :)

Re: Ask HN: Single Person startup/company?

#295

Post by pieterhg »

neelkadia wrote: post #271
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Super cool! Congratulations for the success!

Thank you!

Re: Ask HN: Single Person startup/company?

#296

Post by pieterhg »

justsaysmthng wrote: post #193
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

I've just spend 30 minutes examining the cities on your site. Great work !

Thanks! Let me know if you have feedback etc :)

Re: Ask HN: Single Person startup/company?

#298

Post by pieterhg »

kevindeasis wrote: post #180
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Great job man! You've mentioned something about automating. Can you tell me more about it and which you've decided to not use? As for competition, how do you specifically handle this?

Also one more answer: I think BECAUSE I work almost 100% alone, I work faster than big teams (the mythical man month thing). The stuff I make isn't top-notch, but it works just good enough for people to enjoy using it. It's not super hip flashy designed, but it does what users want it to do. I see many other (especially funded) startups build really flashy stuff with huge 20+ people teams. And it looks great but it's not simple to use for people.

Re: Ask HN: Single Person startup/company?

#300

Post by franciskim »

stockkid wrote: post #208
pieterhg wrote: post #171

I'm a single founder, I'm nearing $400k/y revenue. It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years. 2014: ~$50k 2015: ~$200k 2016: ~$400k Also traffic also doubled every year, so revenue is tied pretty closely too that! This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io . It's now a cost of li…

Thanks for sharing. Immediately thought of NomadList when I saw this post. > keeping it while lots of competitors (including funded ones) keep coming in again and again and try to copy everything you did but do it better My current project https://remotebase.io borrowed a lot from NomadList. While it's not successful yet, I can see what you mean.

RemoteBase is awesome and I follow your work pretty closely :)
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