My Bootstrapped Micro-Startup Got Acquired
mohddanish.me
My Bootstrapped Micro-Startup Got Acquired
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Re: My Bootstrapped Micro-Startup Got Acquired
#2Sounds like the buyer got a terrific deal.
There seemed to be rapid growth and interest. Getting any revenue is hard - growing from 700/month to 7000/month can be mostly momentum. Just sitting on it would make more.
Maybe there is more to the story but if not, please hold out with your next project. You'll get low ballers.
I had someone offer me 30k for an app I spent a month building. I would have taken it but he wanted to do a payment plan and I said no way. The project has since grown without much help from me to ~2.5k/month and will likely continue for years. It already made more than the offer.
The ability to sell it is still there at any time and for more money just from the momentum of growth. Once you sell, though, you stop collecting revenue and having the potential of growing it even bigger.
If someone wants it at first, it's likely worth more than they're offering. They know it and you should, too.
Re: My Bootstrapped Micro-Startup Got Acquired
#3Developing a SaaS product isn’t for everybody but if you are a developer and want to expand your breadth it’s a wonderful and rewarding challenge.
Nothing is easy but there has never been more resources, support and tooling for indie SaaS makers. If you want to get started the indiehackers community is fantastic and my inbox is always open for answers/encouragement Shane at Cronitor.io
Re: My Bootstrapped Micro-Startup Got Acquired
#4Developing a SaaS product isn’t for everybody but if you are a developer and want to expand your breadth it’s a wonderful and rewarding challenge. Nothing is easy but there has never been more resources, support and tooling for indie SaaS makers. If you want to get started the indiehackers community is fantastic and my inbox is always open for answers/encouragement Shane at Cronitor.io
The hardest part about building a SaaS product for me isn't the technical challenges (although there are some too), it's mostly anxiety. The thing that scares me the most is launching and receiving negative feedback, the thought alone is enough for me to stop working on it.
Re: My Bootstrapped Micro-Startup Got Acquired
#5Hard to make sense of an acquisition at a cost this low. It’s like a month or two salary of a senior software engineer.
Re: My Bootstrapped Micro-Startup Got Acquired
#6Developing a SaaS product isn’t for everybody but if you are a developer and want to expand your breadth it’s a wonderful and rewarding challenge. Nothing is easy but there has never been more resources, support and tooling for indie SaaS makers. If you want to get started the indiehackers community is fantastic and my inbox is always open for answers/encouragement Shane at Cronitor.io
The hardest part about building a SaaS product for me isn't the technical challenges (although there are some too), it's mostly anxiety. The thing that scares me the most is launching and receiving negative feedback, the thought alone is enough for me to stop working on it.
Find someone who's already building a useful SaaS product that they're willing to take the responsibility for, and help them build it. If it fails, at least that person takes the brunt of the negative feedback?
Re: My Bootstrapped Micro-Startup Got Acquired
#7Hard to make sense of an acquisition at a cost this low. It’s like a month or two salary of a senior software engineer.
Salaries aren't in that range generally in South East Asia, where I gather the author is from.
Re: My Bootstrapped Micro-Startup Got Acquired
#8Sounds like the buyer got a terrific deal. There seemed to be rapid growth and interest. Getting any revenue is hard - growing from 700/month to 7000/month can be mostly momentum. Just sitting on it would make more. Maybe there is more to the story but if not, please hold out with your next project. You'll get low ballers. I had someone offer me 30k for an app I spent a month building. I would have taken it but he wa…
At the same time a bird in the hand is worth more than 2 in the bush.
Re: My Bootstrapped Micro-Startup Got Acquired
#9Earlier quoted context omitted.
The hardest part about building a SaaS product for me isn't the technical challenges (although there are some too), it's mostly anxiety. The thing that scares me the most is launching and receiving negative feedback, the thought alone is enough for me to stop working on it.
Find someone who's already building a useful SaaS product that they're willing to take the responsibility for, and help them build it. If it fails, at least that person takes the brunt of the negative feedback?
I would honestly much rather overcome my fears. Being a solo founder and running a company is one of my goals.
Re: My Bootstrapped Micro-Startup Got Acquired
#10Developing a SaaS product isn’t for everybody but if you are a developer and want to expand your breadth it’s a wonderful and rewarding challenge. Nothing is easy but there has never been more resources, support and tooling for indie SaaS makers. If you want to get started the indiehackers community is fantastic and my inbox is always open for answers/encouragement Shane at Cronitor.io
Nice! Any suggestions on people/groups to follow on indiehackers? Have you been to any of their meetups?