3,961 karma · joined August 26, 2008
I also founded and ran Obsidian Portal ( http://obsidianportal.com ), a place to manage your tabletop RPG campaign. I sold it in January 2015, but it sure was a fun ride!
Need to get in touch? Hit me up at me@micahwedemeyer.com or on twitter at @micahwedemeyer
Plus, I have yet to see the feature that requires coding once and never needs touching again. When I upgraded my app from Rails 2 to Rails 3, there were all sorts of 1-offs like this that I had to tweak and fiddle to get working right again. It takes well over an hour just to remember what you were thinking when you originally wrote it.
Good luck in your ventures!
Think of the sites that allow you to share on different services and they have like 100s of logos. Imagine trying to build that list. I've done stuff like that and it's a pain to try and find all the images. If there were a Chrome plugin that would tell me that a site has a sanctioned logo, it would simplify this kind of task by a ton.
If you want to be a success in business, sometimes you have to take off your "indignant customer" hat and put on your "trying to make a sale" hat. Don't be a jerk to your customers, and make it easy for them to unsubscribe, but setting up a periodic newsletter is an amazingly awesome way to get repeat business. Don't not do it just because you think your product or service isn't a perfect fit. Let your customers be the judge of that.
Cool idea all around. Good luck!
This is an excellent example of why I love the paid SaaS model so much more than advertising. With a paid app, your customer is your user. With advertising, the customer is the advertiser and they have very, very different goals than the users.
Still, I'd really recommend ditching the ad at the bottom and focusing on perhaps a single call-to-action, like following on Twitter or liking on Facebook. I know it's tempting to try and monetize something like this but overall the ads and share buttons just kind of junk it up.
Seriously, I'm not sure why everyone in this thread is so convinced that their name or name-choosing process is somehow genius or better than that of the OP. Obviously the OP knows that choosing a name is tough and you're never going to get the perfect name. It's all about compromising in the right places to get a name, a domain, a social presence, and so forth.
Personally, I found the story educational and a close parallel to my own difficulties with choosing names. I'm especially grateful for the discussion of buying the domain name. I'd like to hear the actual dollar value, but I can understand why that wasn't mentioned. At least it's clear that the price moved by $1000's which gives some frame of reference instead of us just guessing whether it was $100 or $100,000.
Plus, that's ~14k in revenue, not profit. SaaS apps have great margins, but there's still some cost to servers and marketing.
Still, going from 0 to 100 paying customers in a year is pretty great. The next year will surely be even better.
Best of luck!
In other words, the first $50k is free, and then you're tied intimately to BT's API. The path of least resistance is to just keep going with them. You're making money. They're making money. Everybody wins. I don't think this is a bad thing, it's just not all charity.
All that being said, if they announced this 4 months ago when I was migrating my payment system over to Stripe, I'd have been all over it. BT seems awesome and this is a great deal. Stripe won based on price[1], but $50k free really tips the scales on that.
1. http://agileleague.com/2012/08/migrating-away-from-authorize...
It's articles like these that remind me why I hate working with BigCo. This kind of crap never happens at a small company. Sure, you have problems and clashes, but they're resolved ad hoc by humans, rather than by policies designed to align drones with the corporate culture.
"She scrounged what hardware she could get and succeeded" does not mean that everyone who does that will succeed. I'm sure most successful businesses buy or lease or subscribe to the hardware they need.
Being a hustler and working hard is required for success. Money, or lack of it, doesn't change that. But, having access to money, even just enough to get by day-to-day, will make a hustler that much more powerful.
Sidenote: Compare the comments here on HN to the blog comments. Almost exactly the opposite, which I find strange given the supposed overlap in audience.
I think you'll have a very, very difficult time monetizing this, as there are already dozens and dozens of free TODO apps. Unless you can carve out a die-hard niche that is 100% against signup and login forms, it will be difficult to compete with the others that are both free and easy to use.
Well, my first computer was a 486 with only 1MB of RAM
Oh yeah? Mine was a 286 and it didn't even have a 3.5" drive!
Oh yeah? Mine was a TRS-80...
...and so on it goes...
One of the biggest improvements, not offered by the Lockitron, is the lack of needing to fumble in your pockets for anything. If you've got a handful of groceries, it's much easier to shift a bag or two to get a hand free and punch the code than it is to go digging in your pockets.
I've had results similar to yours in all areas of advertising. Someone asked me once, "So how has the ad we run on our blog for you been doing?" My reply, "Well, I think it's the least poorly performing ad we run, so maybe that's a win?"
I wrote a little about it here: http://peachshake.com/2010/06/15/saas-subscription-billing-o...
And then the move to Stripe here: http://agileleague.com/2012/07/migrating-away-from-authorize...
I think working with big corporate budgets negatively trains you for running your own company. You can just throw money at things and if it doesn't work out, no big deal. Drop $80k on a booth at a trade show that didn't result in a single sale? Well, at least you got some good face-time, right? That kind of thing just doesn't fly when you're just starting out on your own.
It's much harder to manage a $20k budget and go from $0 to >$0 revenue than it is to manage a $1 million budget that just magically refills year after year.