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My sixth year as a bootstrapped founder

mtlynch.io

41–50 of 339 posts

Re: My sixth year as a bootstrapped founder

#41
post #32

This was such a great post. I read last years as well, and it was super interesting to see how things evolved. I am curious about your ad spend. I noticed that it dropped 24%. Can you talk about your strategy for marketing your business?

Thanks for reading!

>I am curious about your ad spend. I noticed that it dropped 24%.

I added a few more details about that in a different reply: https://news.ycombinator.com/item?id=39398746

>Can you talk about your strategy for marketing your business?

For the first two years, I was primarily reaching out to bloggers and YouTube creators that I liked. TinyPilot appeals to people in the homelab / IT prosumer community, and I've been involved in that space for a few years, so it always felt like a pretty organic way to get the word out.

There have been diminishing returns to that strategy, though. When we got our first big review, our sales nearly tripled overnight.[0] At the time, we were the first affordable KVM over IP on the market, so YouTube creators were very excited about to be able to break a story about it, and their viewers were excited to buy our product.

Since then, we continue to work with reviewers, but even high-quality reviews don't get that many reviews because we've been around for a few years and there are similar products like ours.

We've been experimenting with new channels, but nothing has been a huge hit. One of the things I'm trying to do is talk to bloggers and YouTube creators about doing projects with TinyPilot rather than just reviewing it. We had one a few years back,[1] and I think there's potential for new interesting use-cases for TinyPilot through experiments, but I haven't found anyone with a good idea yet.

It seems like our most successful channel has been word of mouth. I think it's a result of putting a lot of effort into customer service, so our customers feel good about working with us and tell other people about the product.

[0] https://mtlynch.io/retrospectives/2021/02/#tinypilots-first-...

[1] https://tinypilotkvm.com/blog/dslr

Re: My sixth year as a bootstrapped founder

#43

Fantastic product site. Clear, concise and good looking. Kudos. * /r/tinypilot link in the footer leads to a locked sub, so it's kinda pointless.

Thanks for reading!

>/r/tinypilot link in the footer leads to a locked sub, so it's kinda pointless.

Oh, thanks for catching that! I've been unhappy with reddit's direction ever since the 3rd-party APIs meltdown, and the subreddit was scattering our support resources, so I shut it down.

We have a dead link check as part of the build, but I guess it wasn't picking up an HTTP error from the locked sub.

I've just removed it!

Re: My sixth year as a bootstrapped founder

#44

Love this blog. Any other similar blogs or communities?

Cory Zue writes about similar topics, and I draw a lot of inspiration from him:

https://www.coryzue.com/

Suket Karnawat also left Google to pursue a similar path, and he writes regular updates about his progress:

https://suketk.com/

Re: My sixth year as a bootstrapped founder

#47
post #41
post #32

This was such a great post. I read last years as well, and it was super interesting to see how things evolved. I am curious about your ad spend. I noticed that it dropped 24%. Can you talk about your strategy for marketing your business?

Thanks for reading! > I am curious about your ad spend. I noticed that it dropped 24%. I added a few more details about that in a different reply: https://news.ycombinator.com/item?id=39398746 > Can you talk about your strategy for marketing your business? For the first two years, I was primarily reaching out to bloggers and YouTube creators that I liked. TinyPilot appeals to people in the homelab / IT prosumer commu…

A feature that would have been useful from my IoT / embedded device development days would be the ability to fully turn power on/off of with usb port from software. It's nice feature for automated test and dev of embedded devices. Sort of adjacent to your kvm focus, but I suspect your h/w might not too far off from being able to support that use.

A full A/C plug pwr control is useful too, but a much bigger hardware delta.

Re: My sixth year as a bootstrapped founder

#48

Earlier quoted context omitted.

Whether the world as a whole is getting worse is debatable, but I think it's very clear that tech companies are

Is it clear? Microsoft of old? IBM of old? AT&T of old? Juggernauts with abusive monopoly power that tech companies today could only dream of.

Apple, Google, Amazon are every bit as bad, and Microsoft is still up there, too.

Re: My sixth year as a bootstrapped founder

#49
FYI: You can’t “not draw a salary” and get that profit out of the company. IRS mandates that you pay yourself a reasonable amount, and pay (eye watering amounts of) taxes on that amount. You can’t circumvent any of that by just taking everything as distributions.

Re: My sixth year as a bootstrapped founder

#50
post #49

FYI: You can’t “not draw a salary” and get that profit out of the company. IRS mandates that you pay yourself a reasonable amount, and pay (eye watering amounts of) taxes on that amount. You can’t circumvent any of that by just taking everything as distributions.

Are you sure you're not thinking about corporations?

TinyPilot is a single-member LLC, so all the income is on my personal tax returns.

When I said I don't draw a salary, it was to prevent confusion about whether payroll includes me.

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