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Ask HN: What was it like to quit your job and focus on your successful startup?

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Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#101

Post by erikrothoff »

blairbeckwith wrote: post #74
erikrothoff wrote: post #35

Earlier quoted context omitted.

Yeah absolutely. Our app is https://feeder.co . You can read a bit about our numbers on Indiehackers.com: https://www.indiehackers.com/businesses/feeder MRR is ~3100 USD right now.

I'm signing up right now; you should charge more.

Thanks!! Absolutely. That is something we're wanting to implement as soon as possible. It's awesome to have 1800 subscribers, unfortunately the economics of that is not so sustainable. We still haven't decided how we are going to roll out such an invasive change, but hope to do it so people understand and are happy to continue their support.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#102

Post by erikrothoff »

blairbeckwith wrote: post #74
erikrothoff wrote: post #35

Earlier quoted context omitted.

Yeah absolutely. Our app is https://feeder.co . You can read a bit about our numbers on Indiehackers.com: https://www.indiehackers.com/businesses/feeder MRR is ~3100 USD right now.

I'm signing up right now; you should charge more.

And sorry for double post... What do you think would be a fair price? Would love to hear HN's point of view.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#103

Post by kakarot »

erikrothoff wrote: post #101
blairbeckwith wrote: post #74

Earlier quoted context omitted.

I'm signing up right now; you should charge more.

Thanks!! Absolutely. That is something we're wanting to implement as soon as possible. It's awesome to have 1800 subscribers, unfortunately the economics of that is not so sustainable. We still haven't decided how we are going to roll out such an invasive change, but hope to do it so people understand and are happy to continue their support.

Depending on your growth, you could just lock the early adopters in at the current price.

If that isn't sustainable, even a dollar more for the early adopters and $2-2.50 more for new adopters might work. Of course I don't know what your overhead is.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#104

Post by zghst »

kakarot wrote: post #30
zghst wrote: post #14

I am 2 months into doing this, it feels a lot like when I moved to SF, lot of things up in the air but very promising. I had a 6 month financial plan but it was hard to adapt to the lack of income and seeing my savings decrease month by month, so I'm doing contracting and TaskRabbit. I'm not really a ramen noodles person, so I make due with what I can get at the grocer. I have a previous coworker who'd love to help m…

I'm curious, do you mind sharing a bit about what it is you're working on?

An app to embarrasses an existing industry

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#105

Post by acuozzo »

berzerk5 wrote: post #98
welanes wrote: post #61

> What was it like to quit your job and focus on your successful startup? 1. Time became my most valuable asset. Everything was filtered through the lens of "does this save me time?" and so I optimized everything: The gym (worked out at home), shopping (got delivered), dating (used fleshl...joking! :). In the words of Joel Spolsky, "Every day that we spent not improving our products was a wasted day". 2. I worked har…

What process did you use to validate your idea? That's where I'm stuck. I have tons of ideas but I don't want to spend months and months working on something that people don't need or care about because as they say "cashflow is the lifeblood of a business".

I'm currently facing this problem as well.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#106

Post by HeyLaughingBoy »

acuozzo wrote: post #105
berzerk5 wrote: post #98

Earlier quoted context omitted.

What process did you use to validate your idea? That's where I'm stuck. I have tons of ideas but I don't want to spend months and months working on something that people don't need or care about because as they say "cashflow is the lifeblood of a business".

I'm currently facing this problem as well.

Build something that people are already paying for.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#107

Post by mikemann7121 »

welanes wrote: post #61

> What was it like to quit your job and focus on your successful startup? 1. Time became my most valuable asset. Everything was filtered through the lens of "does this save me time?" and so I optimized everything: The gym (worked out at home), shopping (got delivered), dating (used fleshl...joking! :). In the words of Joel Spolsky, "Every day that we spent not improving our products was a wasted day". 2. I worked har…

Hi,

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Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#108

Post by zghst »

vasco wrote: post #26
zghst wrote: post #15

Earlier quoted context omitted.

Oh that is very tough! I'm only in my early 20s, but I worry so much about retirement, probably one of my most deep fears! I figure the only way for me to get ahead is to be financially successful, either my startup makes it or I go to get my PhD in a cutting edge, lucrative compsci field.

I chuckled at the thought of getting a PhD to be financially successful.

To he able to deeply understand a science and be credentialed makes me internationally valuable, as opposed to having limits in just a single market. Sure I could just hop over to a big corp, but long term wise, I’m not sure if it’s sustainable building credible expertise from just working up the chain, that lifestyle could also disappear from the marketplace like tenured jobs; additionally I would love to be a top expert chosen to contribute to national policy or economical mattters. My model of financial success for the future depends on impact, specialization, incisive & collaborative science and a recognizable brand.

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#109

Post by afpx »

geff82 wrote: post #68
afpx wrote: post #60

Earlier quoted context omitted.

How do you find your day gigs? I've tried to do this, but the time required to do it (via reaching through my network) has really been a lot. More than expected. And, then I tried to go outside of my network, and I was just overwhelmed with the repsponses. I couldn't easily discern which opportunities were worth the time. Is there someone I can hire to be my freelancing mentor?

mail me : eriklistserve at gmail dot com

email sent!

Re: Ask HN: What was it like to quit your job and focus on your successful startup?

#110

Post by 1k »

markatkinson wrote: post #33

I left my permanent position and was lucky enough to continue working on a contract basis to continue covering some of my bills. I reached a point after about 4 months where I realised the journey to make the business profitable would most likely be a five year slog, and while the opportunity was there it wasn't a cause I felt I could devote 5 years of my life to. So gave the software for free to the people that were…

Thanks for sharing. Could you tell us a bit more about what were you building?
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