Live data from Hacker News

After losing my savings as an indie hacker, I can't do it anymore. I quit.

indiehackers.com

41–50 of 153 posts

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#41
I spent 9 years on a groupware crm. Made $5,000 total on it mostly begging for users to make a "donation".

Drove myself and my family into the poor house for something people enjoyed using for free but wouldn't pay for... made plenty of mistakes.

I thought if I didn't quit on it I wouldn't fail, but looking back it started failing the second I launched it as a generic product... you need a big marketing budget to launch i ended up giving it away free just to see people use it.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#42
post #31
post #3

This is a difficult post to respond to Firstly, your issue doesn't seem to be anything other than social anxiety If you have to 'lose sleep' after contacting someone on LinkedIn about your product, then you are just not suited to doing a startup Secondly, there is nothing to feel bad about Vast majority of people are not suited to starting a company or working in a small startup Lots of good jobs in middle and large…

> the scale of stuff you are talking about is miniscule This is NOT a competition.

Speaking as someone that used to have a major problem with depression and anxiety, an important thing part of recovery is realizing that the shit you're worrying about isn't that important. Having other people tell me that the thing I'm worrying about isn't worth the anxiety was important.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#43
post #32
post #5

I wish there was a better support framework in the US for people who want to quit their jobs and work on ideas. I really, really hate working for other people but the things I would like to work on instead are time-consuming and the core work is not easily farmed out. I'm currently saving up to do just that and its like, "I could buy a house with this money" or "I could go on sabbatical with this money", or "I could…

Hey. I've been working (with a co-founder) on a side project that's about to pan out for the past 2.5 years. About 1.5 years of that was working after hours, then about 10 months or so of 6 hours at my day job and 2 hours in my company, then just recently I quit my job with about a years worth of savings and am full time in the company. The risk I took, until recently at least, was almost nothing, since I had a job a…

'Working on the side' doesn't work so well for me. I've tried it, and I really struggle to make any progress. I also make art and usually that's where my productive free time goes. And switching off the artistic side is bad for me, mentally. Side projects and art draw from the same pool of mental energy as my day job and they both get the back seat, unfortunately.

That's part of why I would really like to make a clean break... I just can't do the weekend warrior thing

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#44
post #3

This is a difficult post to respond to Firstly, your issue doesn't seem to be anything other than social anxiety If you have to 'lose sleep' after contacting someone on LinkedIn about your product, then you are just not suited to doing a startup Secondly, there is nothing to feel bad about Vast majority of people are not suited to starting a company or working in a small startup Lots of good jobs in middle and large…

> I would have lost access to the developed world FOREVER

What's wrong with being a programmer in a different country? Maybe I don't understand but as someone who writes code and doesn't have a "green card" (afaict that's some USA immigration thing) I really don't see the problem there. Not doing anything fun for a year seems like a much bigger sentence than not being allowed to stay in a place that you apparently didn't come from to begin with. There are a lot of other rich countries in the world if that's what you're looking for? I heard some of them even score higher on happiness indices.

I do agree with you that OP seems to have social anxiety. Reading that they have a lot of trouble posting things online, that's not normal and definitely doesn't seem like a good recipe for someone who wants to make a living with a developer job in this digital world. But I don't agree that because you went through self-proclaimed bigger risks, this person isn't rightfully frustrated after not managing to make money from self-employment.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#45
post #3

This is a difficult post to respond to Firstly, your issue doesn't seem to be anything other than social anxiety If you have to 'lose sleep' after contacting someone on LinkedIn about your product, then you are just not suited to doing a startup Secondly, there is nothing to feel bad about Vast majority of people are not suited to starting a company or working in a small startup Lots of good jobs in middle and large…

On a related note, social anxiety can be awefully crippling, I personally struggled with it for decades. The main tool that helped me overcome it was the book The Charisma Myth. Can't recommend it enough, it literally changed my life. It does take some work and dedication though.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#46
post #39

Earlier quoted context omitted.

Maybe, but I don't know anyone I would trust with that kind of thing Honestly the safest option seems to be relocating to a third-world country where the labor and the cost of living is cheap, so that said money can be stretched out over a few years. Or waiting til that pile of money gets a bit larger and living off ramen for a while

>relocating to a third-world country There is a large part of Europe (and I'm sure the US) where the standard of living is decent and you can easily get by on <15k€/year.

Yup, those places are potential options. I try to use my travel time to scout places like these out

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#47
post #34
post #3

This is a difficult post to respond to Firstly, your issue doesn't seem to be anything other than social anxiety If you have to 'lose sleep' after contacting someone on LinkedIn about your product, then you are just not suited to doing a startup Secondly, there is nothing to feel bad about Vast majority of people are not suited to starting a company or working in a small startup Lots of good jobs in middle and large…

Are you seriously shaming them because you think they have social anxiety and you don't think they took a big enough risk?

While the tone may be a bit condescending, what's the shaming? The social anxiety diagnosis seems very realistic to me, and there's no shame in not being suited for starting a company.

I am familiar with startup company working, but I'm positively not suited to starting (or being a CEO of) a company, and I don't see any shame in it. To each their own.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#48
post #3

This is a difficult post to respond to Firstly, your issue doesn't seem to be anything other than social anxiety If you have to 'lose sleep' after contacting someone on LinkedIn about your product, then you are just not suited to doing a startup Secondly, there is nothing to feel bad about Vast majority of people are not suited to starting a company or working in a small startup Lots of good jobs in middle and large…

This is one of the most on-point, well said, pieces of feedback I have ever read on this site

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#49
It's not really a lost year, you learned for a fact what you like and don't like to do. You don't have to obsess with what if I quit my job and gave it a try questions and doubts. You can find a job/project that is a good fit to your personality type and skill set and be comfortable and happy.

Re: After losing my savings as an indie hacker, I can't do it anymore. I quit.

#50
post #12

Not that this helps the author, but some of the most successful people failed many times before succeeding. In fact, those who fail before becoming successful seem to be better able to repeat success than those who win on the first try. There is a big element of luck in success, so multiple attempts may be necessary even if funding is available.

I think it's important to note that each attempt is a gamble, and not everyone can afford to keep losing.

This reminds me of the famous Keynes quote, "Markets can remain irrational a lot longer than you and I can remain solvent."

Even if you have the greatest idea, you can't predict whether people will even want to try your product. It's a numbers game and a luck game. As we've seen with other posts about successful solo projects, sometimes you get lucky and a social media influencer boosts your product, but you can't bank on it.

Post reply on HN