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Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

leteyski.com

91–100 of 204 posts

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#91
post #18

You had a great run, but I think it is unfair to say that Shopify “saw what you were doing” and “hijacked” your business. Obviously a small team can move faster and Shopify could easily have internal development plans for the same solution for a long time. Kudos for the €600k MRR and your execution.

If Shopify "hijacked" it by making a better product it would be more okay. When they however outright just ban competition, that's anti-consumer behavior and should be stopped.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#92

Earlier quoted context omitted.

It's worse than that—within 6 months of them starting to operate Shopify updated the ToS to make it clear that the app they already knew was a grey area was actually formally banned. They received an email that said they wouldn't be shut down right away, which the author took to mean "carry on!" Then Shopify's COO called them personally to tell them to knock it off, and they used a technicality in the phrasing of the…

Why should Shopify be allowed to decide what two other businesses (merchant and OP) willingly do just because they own the platform? No, they shouldn't have to play whack-a-mole, I'd argue they shouldn't be allowed to.

What OP did was bypass Shopify entirely for the checkout part of the process, thereby taking away Shopify's revenue for OP's customers. That's not software freedom, that's theft.

Any two businesses are welcome to transact with each other, as long as they're not using resources that belong to a third party who doesn't want to be involved in the transaction.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#93
post #6

"I built my business on top of someone else's product without any gurantee whatsoever of being able to continue in the future, and when it became valuable for them to stop me they did". Doesn't matter if you're a twitter client, a facebook app, a shopify app, a reddit client or whatever, either what you offer is negligible, or you did their research for them and now they can take over.

Can you keep going on this? Is it a slippery slope fallacy to lump in app store, handset, cloud, web browser, instruction set architecture? Only half teasing - seems like there should be a measure of platforms. Like the Gini coefficient, except for platforms instead of countries.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#94

It's remarkable when stories like this reach the top of Hacker News, but then people still do not understand why one might want to build an application on a "Can't Be Evil" platform like a crypto network. Scalability/costs/complexity aside — this is why Ethereum and similar decentralized computers are attractive.

Can't upvote this high enough.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#95
post #6

"I built my business on top of someone else's product without any gurantee whatsoever of being able to continue in the future, and when it became valuable for them to stop me they did". Doesn't matter if you're a twitter client, a facebook app, a shopify app, a reddit client or whatever, either what you offer is negligible, or you did their research for them and now they can take over.

It's not even like they were making some cool thing that just happened to only run on AWS or something. It's more like: "We improved an important but comparatively small core feature of a huge, complex service built, owned, run, maintained, and constantly improved by one company. They probably had our whole business on a Trello card in their long-term project board from the moment we started. Then, out of nowhere, th…

>> "...but this just seems really shortsighted."

This guy made literally (tens of?) millions of dollars in revenue from his software. Sure the gravy train stopped, but man I hope to be shortsighted like that someday.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#96

Earlier quoted context omitted.

[flagged]

Good afternoon - https://news.ycombinator.com/newsguidelines.html

> Good afternoon - https://news.ycombinator.com/newsguidelines.html

Yes, good afternoon. Have you actually read what you're linking?

> Please don't complain that a submission is inappropriate. If a story is spam or off-topic, flag it. Don't feed egregious comments by replying; flag them instead. If you flag, please don't also comment that you did.

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#97
post #6

"I built my business on top of someone else's product without any gurantee whatsoever of being able to continue in the future, and when it became valuable for them to stop me they did". Doesn't matter if you're a twitter client, a facebook app, a shopify app, a reddit client or whatever, either what you offer is negligible, or you did their research for them and now they can take over.

[deleted]

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#98
post #95

Earlier quoted context omitted.

It's not even like they were making some cool thing that just happened to only run on AWS or something. It's more like: "We improved an important but comparatively small core feature of a huge, complex service built, owned, run, maintained, and constantly improved by one company. They probably had our whole business on a Trello card in their long-term project board from the moment we started. Then, out of nowhere, th…

>> "...but this just seems really shortsighted." This guy made literally (tens of?) millions of dollars in revenue from his software. Sure the gravy train stopped, but man I hope to be shortsighted like that someday.

> This guy made literally (tens of?) millions of dollars in revenue from his software

While living in Bulgaria

Re: Bootstrapping to €600k MRR and getting killed by Shopify: Checkout X

#100
post #6

"I built my business on top of someone else's product without any gurantee whatsoever of being able to continue in the future, and when it became valuable for them to stop me they did". Doesn't matter if you're a twitter client, a facebook app, a shopify app, a reddit client or whatever, either what you offer is negligible, or you did their research for them and now they can take over.

From the article:

"I always saw Checkout X as a limited-time-window opportunity and honestly I couldn’t see a future different to what happened to us."

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