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Re: undefined

#91

I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.

No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…

Yes, some car companies do in fact create less expensive vehicles specifically for certain markets.

https://en.wikipedia.org/wiki/Renault_Kwid

Re: undefined

#92

Earlier quoted context omitted.

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.

The actual reality is that starting a company is very complex, and for every “rule” there’s a very successful company that did the opposite. If your takeaway from this is that “build it and they will come” is a good go to market strategy, you’d be terribly wrong in the vast majority of cases. It worked in this case because it was a solution to a painful, concrete problem and the product hunt audience happened to be t…

My takeaway is don't be scare of "build it and they will come" meme too much because a lot of bad products that drive the meme.

Actually I think the meme is kinda dumb because they assume that people didn't read about it 1000 times already.

Re: undefined

#94
post #91

Earlier quoted context omitted.

No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…

Yes, some car companies do in fact create less expensive vehicles specifically for certain markets. https://en.wikipedia.org/wiki/Renault_Kwid

Not really applicable to premium brands so no need to be pedantic

Re: undefined

#95

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?

>> wonder if they're just spending $.99 of every $1 If they spend $0.99 for $1 of MRR, that is amazing, because the first month's revenue covers the cost of acquisition and the rest of the stream is profit (minus other expenses of course.) Some of it depends on churn and how much MRR you lose and how quickly.

So it's a metric you can game if you go viral on Twitter and get a lot of signups that cancel after one month?

Re: undefined

#96

I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.

No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…

Went I left Russia in 2011, I was making 54,000 a year, I took my first job in the USA for about $92,000 a year. It felt like I took a huge pay cut. Like I was making several times less money.

Yes, it is easier to buy luxury things in United States, most of the things are cheaper, comparing to other countries (SLK, laptops, phones, etc). But that is not what defines the life.

If I remember everything correctly, below is break down of monthly spending Russia vs USA in that time. Based on my annual pay, my monthly salaries were $4,500 in Russia, $7,700 in USA

Let's compare (first number is spent in Russia, second in USA), everything per month. At that time I used to use the money-spent tracking software, so kind of remember pretty well most of the bills.

- Taxes: 7% (~$300) vs ~18% ($1386)

- Rent: $300 vs $1200

- Cellular: $20 vs $100 (2 people)

- Internet: $10 vs $60

- Medical: $0 vs $200 (co-pays, dentals, plus paying for spouse to keep her on the plan)

- Groceries: $300 vs $1000

- Cinema/Bars: $100 vs $300

- Commute: $20 vs $100

- Car insurance: $20 vs $100

---

- What is left: $3430 vs $3254.

At the end, comparing the Russian's salary vs USA - based on just common spent, I ended up with a little less money to keep on hands. And it always felt like those money that left way easier to spend in USA without even looking. Clothes, shoes, concerts, etc.

For me, only when I started to get more than $250,000 a year in USA, I felt that I was making a salary, that I could compare to one I had in Russia.

Few notes: I lived not in the very big city, just around 600,000 people, so rent and everything way cheaper comparing to Moscow or St Petersburg. $54,000 a year is very high salary in Russia, not very common, I used to work remotely for UK based company.

P.S. I never regretted moving to USA (especially now), yes, it did feel like I was making less, but the companies I was working for, the products, the people, are on different level. I learned a lot. Built my own company, living American dream.

Re: undefined

#97

Earlier quoted context omitted.

No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…

> Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? they, do? Global pricing of the same product is vastly different depending on regions. If there is an Italian and a Nepalese market for a handbag, that same bag could selld for twice as much in Italy. Just look at videogame prices!

Interesting thing, that Mercedes cost more in Germany, than in USA. And a lof of the models, they actually assemble in Germany and ship to USA.

Re: undefined

#99

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]

Completely understand, I’d do the same if I couldn’t figure out how to scale and stay solo.
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