Live data from Hacker News

My Business Is Dying

bankstatementconverter.com

21–30 of 91 posts

Re: My Business Is Dying

#21
post #2

Content marketing is dying because content slop is massively generated now.

You can stand out by being authentic. Your face on the video, etc. Even writing it yourself genuinely instead of using an LLM. ex the article felt authentic.

But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.

And regarding face on video, I just got stuned with video of 106 years old giving life advices and all people but one in comment section didn't notice it is well generated.

Re: My Business Is Dying

#22
AI kills SaaS dead - because most will use AI to do what this does directly (presumably convert bank statements), and the rest will use AI to write a non-AI tool that does it likely just as well.

Re: My Business Is Dying

#23
Seeing this with all my founder friends. Combination of Google AI summaries just sending much less traffic and AI tools being able to do small tasks by themself, rending a ton of SaaS less used.

Re: My Business Is Dying

#24
Taking my homepage as an example, when I allowed AI bots, I got about 1,200 visitors a day. But when I blocked them, that number dropped to around 140. It seems like over 70% of internet traffic these days is dominated by AI bots.

Re: My Business Is Dying

#25
post #3

> My friends tell me the job is basically managing AI agents and reading Pull Requests. That sounds like hell, and I’ll try to avoid it for as long as possible. It really is not that bad when you are in a company with a good culture. Leadership is gonna be AI piled everywhere, but imho that's how you learn where to use (and not to use) the technology.

Places that can't have code leave the work site still do not use AI.

Some do, DOD is pushing grok

Re: My Business Is Dying

#26

There is something I'd call Subscription Fatigue. People and businesses are asked to pay subscription fees left and right. If I convert my bank statements only each quarter in a spike or once or twice a year, why should I pay for each month or the entire year? Of course I don't know the real usage patterns of this application, but that's one scenario I'd think of.

hell yes.

I hit this wall about 2-3 years ago at least...

Re: My Business Is Dying

#28
> When a user cancels a subscription Stripe asks them for a reason. At the moment I don’t really do anything with the cancellation reason, actually this is the first time I’ve ever looked at the data.

This comes across as very unserious. If you’re truly trying to build a business then this seems like one of the best signals/datapoints you can get…

Re: My Business Is Dying

#29
post #22

AI kills SaaS dead - because most will use AI to do what this does directly (presumably convert bank statements), and the rest will use AI to write a non-AI tool that does it likely just as well.

I did this… I have a specific system-generated PDF bank statement and it didn’t take too long to write a parsing program, which would have taken much longer before.
Post reply on HN