Earlier quoted context omitted.
Aww, I guess I hurt some feelings. Sorry about that. (Not really, downvote away!)
Always a good idea to follow up a negative post with a post bitching about down-votes.
Going from $0 to $500k in 1 Year with no VC Money
61–70 of 86 posts
Re: Going from $0 to $500k in 1 Year with no VC Money
#62Earlier quoted context omitted.
Just because he doesn't use it any more doesn't mean the feedback is any less valuable. It's great feedback. It points out specific problems and solutions. Ways that, from his point of view, the UI could be improved.
What I'm questioning is whether or not he actually ever attempted to use it as his main project management solution in the first place, and instead gave a knee-jerk reaction to the fact that it was a single-page javascript application. Someone who's asking for a plain HTML version of a rich desktop style application probably wasn't going to use it in the first place. I'm open to eating crow, though.
> Someone who's asking for a plain HTML version of a rich desktop style application probably wasn't going to use it in the first place.
That's a very unfortunate comment. In the end the technology is what matters the least in his feedback - odds are if you make the RIA responsive enough, use smart caching, sensible navigation, respect default behaviors, etc, nobody will ask for a "plain HTML" version. It's about the experience and usability.
Re: Going from $0 to $500k in 1 Year with no VC Money
#63Am I only one having this question: what is 500k states for? Is it 500k/month /year or total revenue? If its not montly, how can they hire 10 ppl?
Re: Going from $0 to $500k in 1 Year with no VC Money
#64This is great. However, did I read the article right - by the time they launched they had spent 300K? Here's a question - is it possible to ever do something like this without the requirement of finding 300K via consulting gigs first? I assume that given there were 3 of them and they spent only a few months building it, they didn't need all of the 300K on salaries. I suppose you would have to grow the product from a…
I think the main unexpected cost that you can incur is advertising/marketing. You can build the software cheaply, but it's very hard to get the word out without spending money (and it can add up very fast). Considering their fast growth, I would also assume significant spend in this area.
As long as you are getting a positive ROI from this spend, then it's worth throwing as much as you can at it, but obviously you need to have it to throw... that may be one the keys to their success.
Re: Going from $0 to $500k in 1 Year with no VC Money
#65This is great. However, did I read the article right - by the time they launched they had spent 300K? Here's a question - is it possible to ever do something like this without the requirement of finding 300K via consulting gigs first? I assume that given there were 3 of them and they spent only a few months building it, they didn't need all of the 300K on salaries. I suppose you would have to grow the product from a…
I recall that had a fairly impressive marketing video on their page previously. This could have cost $50k alone. I think the main unexpected cost that you can incur is advertising/marketing. You can build the software cheaply, but it's very hard to get the word out without spending money (and it can add up very fast). Considering their fast growth, I would also assume significant spend in this area. As long as you ar…
Re: Going from $0 to $500k in 1 Year with no VC Money
#66> We usually clock between four and six hours a day, and most of us don’t even get to the office before noon. Realllly interested to hear more about this. Can anybody from Flow elaborate? How well does this work? How did 4-6 hours come about? Why not 5-7 hrs? Or 3-5? How do salaries work - is everybody full time? > We believe in working smart, not hard, and having lives outside the office. Why can't you work smart an…
One of the problems with old school thinking is that working hard means working long, which is absolute rubbish. Personally I can't be productive for 8 hours a day and I'm pretty sure nobody can, all the time you're not being productive you're generally wasting time by making coffee, checking emails, attending meetings etc. So why not actually just work the time that you're productive and then go and enjoy the rest o…
I was just hoping somebody from Flow could weigh in with a first-hand account. Since everybody obviously has different work needs/environments for productivity, I was wondering how they managed to build an office culture that fosters these types of work habits.
Re: Going from $0 to $500k in 1 Year with no VC Money
#67One detail left from the analysis: these guys are already well-known for their UX work amongst the crowd most likely to purchase Flow. Reminds me of when Guy Kawasaki launched Alltop for "only 10K." Yeah, 10K + 500K worth of PR that comes with having an enormous following. This is not to diminish what Metalab or Guy Kawasaki do, I'm admire both. But it's not like these results are as reproducible as they infer withou…
You say these results aren't as reproducible without significant connections... but getting significant connections is reproducible. I guess you could consider that step 1 in their process.
I would also say that you can build an audience and get connections with some hustle and/or money. A well designed pre-launch page and some paid advertising will get you an audience for launch day.
Re: Going from $0 to $500k in 1 Year with no VC Money
#68"By the time we launched, the price tag on Flow came in around $300,000." That's peanuts compared to VC funding but still quite a sizable sum for a lot of people (e.g. me).
Of course, definitely a lot of money. We funded using cash from doing client work part-time.
Re: Going from $0 to $500k in 1 Year with no VC Money
#69> We usually clock between four and six hours a day, and most of us don’t even get to the office before noon. Realllly interested to hear more about this. Can anybody from Flow elaborate? How well does this work? How did 4-6 hours come about? Why not 5-7 hrs? Or 3-5? How do salaries work - is everybody full time? > We believe in working smart, not hard, and having lives outside the office. Why can't you work smart an…
What does that mean? Perhaps they're only working 4-6 hours on Flow, and 2-3 hours for client work for Metalab. Who knows? I think there's a lot left out of this story.