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My Bootstrapped Micro-Startup Got Acquired

mohddanish.me

61–70 of 95 posts

Re: My Bootstrapped Micro-Startup Got Acquired

#61

First of all, congratulations on the sale. Second, funny that his first job after graduation was CTO. Can't see that happening anywhere in EU or US heh

Actually more absurdity is possible in EU. I frequently notice, out of college PM(grad scheme), 1yoe Senior Engineer/Team Lead, out of college R&D Engineer(with BSc only), 2yoe CTO etc.. These are mostly in UK though but still counts.

Re: My Bootstrapped Micro-Startup Got Acquired

#62
> Right after I graduated, I was very blessed to land myself as a CTO(Chief Technology Officer) at one of the startup tech companies in the co-working space industry.

Umm... What ?

That's insane.. But always good to hear some good stories once in a while!

Re: My Bootstrapped Micro-Startup Got Acquired

#63
post #41
post #4

Earlier 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.

Negative feedback is better than no feedback. at least you know the person was sufficiently attracted to your product and idea and try it. It’s an opportunity to improve, and it’s also an encouragement. I’ve had people giving me bad feedback and then a few years later come back and finally use it. At this point i knew my product had improved. Also, you’d be surprised how most people sound harsh but actually don’t rea…

Right! Don't worry about negative feedback, because the much more likely scenario is no feedback as nobody cares.

Getting anyone to care enough to give you any feedback at all is a sign you are onto something.

Re: My Bootstrapped Micro-Startup Got Acquired

#64

First of all, congratulations on the sale. Second, funny that his first job after graduation was CTO. Can't see that happening anywhere in EU or US heh

It's really common in startups everywhere. CTO is just shorthand for "the technical co-founder".

Re: My Bootstrapped Micro-Startup Got Acquired

#65

Sounds 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…

i mean in a western country the dude himself is at least worth at minimum a $100.000/yr salary

Re: My Bootstrapped Micro-Startup Got Acquired

#66
post #61

First of all, congratulations on the sale. Second, funny that his first job after graduation was CTO. Can't see that happening anywhere in EU or US heh

Actually more absurdity is possible in EU. I frequently notice, out of college PM(grad scheme), 1yoe Senior Engineer/Team Lead, out of college R&D Engineer(with BSc only), 2yoe CTO etc.. These are mostly in UK though but still counts.

Why is a new grad R&D Engineer strange? that's certainly most of the people recruited at the first place I worked (UK) started as.

OK they wont be at the same level as the Boss (the President of the Mechanical engineers at the time)

What sort of people do you thein NASA JPL etc. recruit from university in the main.

Re: My Bootstrapped Micro-Startup Got Acquired

#68
post #61

First of all, congratulations on the sale. Second, funny that his first job after graduation was CTO. Can't see that happening anywhere in EU or US heh

Actually more absurdity is possible in EU. I frequently notice, out of college PM(grad scheme), 1yoe Senior Engineer/Team Lead, out of college R&D Engineer(with BSc only), 2yoe CTO etc.. These are mostly in UK though but still counts.

I had previous colleague from India, two years of experience and suddenly was a senior.

I thought it was more common over there... guess not so odd.

Re: My Bootstrapped Micro-Startup Got Acquired

#69
post #42

Earlier quoted context omitted.

Yes and no, in Europe outside London and Berlin (big capitals) you’ll find that developer salaries are much lower than expected compared to the US. That’s pretty much across the board.

Swiss, Scandinavian and Finnish and probably Danish and Dutch jobs pay way better than Berlin or London Jobs do.

Average developer salary in the Netherlands is 50k...

Re: My Bootstrapped Micro-Startup Got Acquired

#70
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.

I hear you.

There's a good chance that, if you're like me, your anxiety about putting it out there leads you to tell yourself that if you just do this one other feature that it'll be ready. So you wait, and you do it. But it isn't quiiiite there yet. So you repeat that cycle. After a while, you've built up your expectations — both of how good it'd have to be to receive attention, and of what kind of attention you'd need to receive to justify the investment of time — that it's almost an impossible bar to meet. So … you don't ship.

I'd encourage you to ship things earlier in the process. As Matt Mullenweg said, "if you’re not embarrassed when you ship your first version you waited too long." (https://ma.tt/2010/11/one-point-oh/)

I'd also be more than happy to give you friendly-but-honest feedback, if it'll help. Email in profile.

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