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My Bootstrapped Micro-Startup Got Acquired

mohddanish.me

31–40 of 95 posts

Re: My Bootstrapped Micro-Startup Got Acquired

#36

Earlier quoted context omitted.

Didn't he sell the tweetjobs.dev and not the API app?

That's what I am curious about to. From reading the blog, I csn't tell which one did he sell. He says it's the same buyer but was it for the new site?

It was confusing. But I think he sold the public api site. And now he wants to work on the tweet jobs site.

After he had the idea for tweet jobs, he said the original buyer submitted another offer on the original project (which it sounds like he had most abandoned).

Re: My Bootstrapped Micro-Startup Got Acquired

#37

I'm not sure if the first offer was really for the startup or rather just for the domain.

$22k is a hell of a lot to pay for a hyphenated .xyz domain. I doubt they bought it for the domain.

For reference, you can pick up .xyz domains for a dollar on namecheap (last time I checked).

Re: My Bootstrapped Micro-Startup Got Acquired

#38
post #4

Developing 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.

Negative feedback does not mean your product is bad, just look at the Show HN post for Dropbox (and discussions about this post): https://news.ycombinator.com/item?id=8863. I especially love that the top post is someone saying that this is trivial to make on your own, something I hear far too often.

Re: My Bootstrapped Micro-Startup Got Acquired

#39
post #5

Hard to make sense of an acquisition at a cost this low. It’s like a month or two salary of a senior software engineer.

He could use those funds to fund another product.

Venture capital can be absolutely horrendous in some areas, and you're stuck with either

1) Go to the bank and get a normal business loan

2) VC peanuts with terrible conditions

3) Work hard and save up money, get co-founders and pool your money.

Not saying that it's not like that in tech-hubs, but I'm in one of the most expensive countries in the world, and our VC community is so underdeveloped that it's shameful.

(Also, I see the author is located in Southern Asia, so that's probably a nice payout.)

Re: My Bootstrapped Micro-Startup Got Acquired

#40
post #8

Earlier quoted context omitted.

At the same time a bird in the hand is worth more than 2 in the bush.

Except in this analogy the two birds in the bush give you a continuous stream of their eggs.

unless they're both male birds. Perhaps also bad-tempered, shrieking a lot and prone to peck you on the head or take a dump on your shoes. It's amazing how analogies never fail to clarify and raise discussions to new heights!
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