Bootstrapping a side project into a profitable seven-figure business
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Bootstrapping a side project into a profitable seven-figure business
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Re: Bootstrapping a side project into a profitable seven-figure business
#2[deleted]
Re: Bootstrapping a side project into a profitable seven-figure business
#3>I’m still processing that this is real.
>that only counts recurring revenue.
>monthly revenue has consistently been 20 to 50 percent higher.
That's the way to do it.
Where you virtually have to go back and figure how much earlier you had actually reached a major milestone.
Re: Bootstrapping a side project into a profitable seven-figure business
#4> Bootstrapping a side project into a profitable seven-figure business in four years.
Good. But I think this is the most important piece of advice that one should follow:
> Actually show up every day.
It is the easiest thing anyone can do, however, it is the hardest for anyone to do every. single. day. nonstop.
Re: Bootstrapping a side project into a profitable seven-figure business
#5Wow congratulations!
Re: Bootstrapping a side project into a profitable seven-figure business
#6The validation piece I don't understand. From first sale to first dip to each peak and fall when was the validation reached? First sale, 1k revenue?
You can find 5 users who will pay but that doesn't validate a million a month.
What does product validation mean here.
Re: Bootstrapping a side project into a profitable seven-figure business
#7Congratulations!!
Re: Bootstrapping a side project into a profitable seven-figure business
#8The validation piece I don't understand. From first sale to first dip to each peak and fall when was the validation reached? First sale, 1k revenue? You can find 5 users who will pay but that doesn't validate a million a month. What does product validation mean here.
Maybe validation isn't one big moment, but maybe validation could be many small moments. So, those first 5 users: small validation. First 1K MRR: small validation. Etc. I think the point of the article is to be persistent and if you're getting small validations along the way, then those are indicators to keep going. At least, that's my take.
Re: Bootstrapping a side project into a profitable seven-figure business
#9Survivor bias
Failures don't get on HN front page
Hey, btw congrats :-)
Re: Bootstrapping a side project into a profitable seven-figure business
#10The validation piece I don't understand. From first sale to first dip to each peak and fall when was the validation reached? First sale, 1k revenue? You can find 5 users who will pay but that doesn't validate a million a month. What does product validation mean here.
I think it can vary from person to person depending on your goals. For me, an important signal was that complete strangers were willing to pay. That first Show HN post made all the difference. Without that, this could have ended up in my side project graveyard with 100 other projects.