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Re: undefined

#71

Post by [deleted] » Wed, Jan 25, 2023, 6:33 PM UTC

[deleted]

Re: undefined

#72

Post by krytz » Wed, Jan 25, 2023, 6:34 PM UTC

mddanishyusuf wrote: post #44

IndigoIncognito wrote: post #40

I wonder how different your financial & business situation would be if you lived in a developed country such as the US or the UK?

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Re: undefined

#73

Post by gdsdfe » Wed, Jan 25, 2023, 6:35 PM UTC

just curious, who's your competition? there must be other people doing this no?

Re: undefined

#74

Post by petodo » Wed, Jan 25, 2023, 6:36 PM UTC

71a54xd wrote: post #33

I'd literally rather just get two jobs at mid series B startups or one Faang job. I completely don't understand why grinding out 5yrs for $18k a month is even close to worth it.

they are not making 18K per month, it's just revenue (MRR), so you are right as employee you will earn much more (at least at that stage in US)

Re: undefined

#75

Post by mddanishyusuf » Wed, Jan 25, 2023, 6:36 PM UTC

ryanwaggoner wrote: post #56

Great success, thanks for sharing! Why did you sell now instead of building for a few more years? If you had hit $30-50k per month you probably could have sold it for enough to be financially independent for life. Were you bored or burned out? Or did growing it further require things that you didn’t want to do?

[flagged]

Re: undefined

#76

Post by Existenceblinks » Wed, Jan 25, 2023, 6:38 PM UTC

mddanishyusuf wrote: post #48

moneywoes wrote: post #42

How did you acquire you first 100 users and how much did your popular twitter play into that? How much for marketing spend, most profitable levers you used?

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I actually love your answer, contrast to a lot of hassle myths. Build a useful thing, put it out there, of course they would come.

Re: undefined

#77

Post by mddanishyusuf » Wed, Jan 25, 2023, 6:38 PM UTC

gdsdfe wrote: post #73

just curious, who's your competition? there must be other people doing this no?

[flagged]

Re: undefined

#78

Post by zoltrix303 » Wed, Jan 25, 2023, 6:38 PM UTC

calvinmorrison wrote: post #53

tppiotrowski wrote: post #15

I noticed MRR is the key measure reported by startups. I've seen some startups in really saturated markets have very high MRR and it made me wonder if they're just spending $.99 of every $1 on ads so really they do not make any profit but high revenue. Can you comment on profit vs revenue?

Just to dive into this, most advertising people are tracking "ROAS", Return on Ad Spend, so for every dollar you are spending in advertising, how much do you get back. Depending on your situation you may target different roas numbers and find it acceptable.

ROAS is a good operational metric, but I'd argue that for a SAAS, you need to look at CLV vs cost of acquisition.

Re: undefined

#79

Post by mddanishyusuf » Wed, Jan 25, 2023, 6:38 PM UTC

moneywoes wrote: post #45

mddanishyusuf wrote: post #23

Earlier quoted context omitted.

[flagged]

Are you worried about copy cats on product hunt?

[flagged]

Re: undefined

#80

Post by gdsdfe » Wed, Jan 25, 2023, 6:39 PM UTC

optymizer wrote: post #62

Congrats! On a related note, can someone on HN can educate me on why MRR is the primary metric? MRR doesn't tell you if the startup is profitable, which is presumably the goal - to make money. If your costs are $3M/month, an MRR of $100K sounds like a terrible deal. Wouldn't it make more sense to report profits?

MRR gages whether or not people are willing to spend money for the product/service how this MRR evolves over time and how much it is gives also an idea about growth and the 'demand' side of things in general