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amitmathew

360 karma · joined July 20, 2012

Founder of Quiver (https://quiver.dev), a community to help indie game developers learn to develop and publish games with the Godot game engine.

Previously founded Cram Fighter, a study planner for medical students (exited 2021), and Centrana, a startup in the patient education space. Former professional game developer.

Happy to help!

http://www.linkedin.com/in/amitmathew

amit (at the domain of) quiver (dot) dev

submissionscomments
amitmathew··on The harsh truth of video games programming
Wow, this resonates so much that I'm building a company around the idea of finishing games. I was a professional game developer over a decade ago. I used to try to build games on the side and I never got anywhere. I just messed around with engine internals, graphics code, and went down the never-ending rabbit hole of game engines. I worked on some big-budget games, but as a small cog on a large team, it never felt like I finished my game.

I left gamedev years ago to launch a few startups. After selling my edtech company last year, I picked up Godot on a whim and guess what...I finally could see myself finishing a game. Not messing around with engines, not writing low-level graphics code, but actually finishing a game in a few months. It inspired me so much that I'm starting a community called Quiver (https://quiver.dev). It's still in development, so I don't have much to show yet. But hopefully in a couple months we'll have tutorials, project templates, and a lot more. And here's the thing - with the right guidance and the right tools, I believe a whole bunch of new people will be able to finish their games that wouldn't have previously.

If this is interesting at all, please shoot me an email (check my profile).

amitmathew··on When good ideas make bad business
I'm all for removing the broken system we have today, but a single payer system doesn't remove the challenge that the entrepreneur faces - it just changes it. Under single payer, you are now trying to sell to a large government organization, with all the pain and red tape that comes with that.
amitmathew··on When good ideas make bad business
I think people are being a little too hard on the author. Startups in healthcare are hard. Been there, done that, have the t-shirt (literally, that's all that left). I even made the same fatal mistake - not identifying who the buyer really is. And when I say identifying the buyer, I don't mean it in that hand-wavey, vague way like "doctors" or "insurance companies". The starting point has to be something like "ophthalmologists in small practices (1-10 doctors) in New England who are trying to acquire new patients through social media."

And here's something that's absolutely critical for all engineers trying to build a startup in healthcare to really understand. Healthcare is so alluring because tech people are so idealistic. We think, "Wow, we we can write some code, and then save lives!" And that's sometimes true. But when you are thinking of your customer, revenue model, sales strategy - all that business stuff - the mistake we make is thinking healthcare is different and the same rules don't apply. We think if we can save lives, we can make a business. But the key insight is that you have to take a step back and just treat healthcare like any other for-profit business. Doctors and hospitals care about what generates revenue. Insurance companies want to save money. Pharma companies are looking to advertise to new customers. It's no different than other industries. The psychiatrist's reaction to the sales pitch is the classic thing a doctor will tell when you're not helping their bottom line. As I was reading the post, I could almost predict how she was going to respond.

And if you figure that business stuff out, who knows, you might just build a healthcare business that saves a life or two.

amitmathew··on A Failed SaaS Postmortem
Hey, I can relate to this! I also started a company based on a specific pain point in my spouse's profession. Although the best situation is to solve a problem you've experienced firsthand, having a significant other be able to give honest feedback on a specific challenge is pretty great.

I think the tough part that engineers have with these types of side projects is that it's hard to assess how much time to devote to developing the product. A lot of people will try to convince you to spend all your time talking to the customer. I mean that's important too, but it's so much easier when you can show them something that's great rather than just tell them about it. And that's the thing - product development isn't most important thing to do in the early stages, but it's still very important.

I wish there was more insight into why the project failed though. It wasn't clear to me the project had to die. If he started focusing on customer development, could the project have survived? Could he win back his wife's interest? I was a tiny bit disappointed because his project is an adjacent area to one of my company's products and I want to see it succeed!

amitmathew··on Designing a new funding structure for bootstrappers
Not impossible, but very difficult. It's pretty much impossible at big banks. When my company was bootstrapped to $250k/year in revenue (with several years of history), Bank of America wouldn't even extend a $10,000 line of credit. Each year, they would promise that they would be more "start-up" friendly, but it never happened (even when we crossed the $500k mark).

You'll have better luck with local banks that work with startups. We worked with Cambridge Trust in Massachusetts to get a line of credit and it was a pretty painless process. Working with local banks definitely involves forming a personal relationship though, so there's a little time investment. Without external funding, you'll also find even the local banks will require a personal guarantee.

There's a huge gap between VC funding and loans from big banks, so I'm excited to see people tackling this problem.

amitmathew··on College May Not Be Worth It Anymore
This is a very poor article. College is, on average, worth it [1]. What the article tries to articulate is that we're not seeing a comparable return on investment for students from lower-income families. This is tied to worse graduation rates. As one example, community college students graduate at abysmal rates [2].

This is actually no big secret to schools. There is a big focus on trying to improve retention rates. What might be interesting to the HN crowd is that there are many startups trying to improve the situation in different ways, like using analytics to identify at-risk students earlier [3] or getting students engaged in campus events [4]. It's a tough problem, but colleges are incentivized to fix it - higher retention leads to collecting more tuition.

[1] https://cew.georgetown.edu/wp-content/uploads/2014/11/colleg...

[2] https://nscresearchcenter.org/wp-content/uploads/SignatureRe...

[3] https://www.civitaslearning.com/

[4] https://www.oohlalamobile.com/

amitmathew··on The Business of SaaS
I think the 2% metric refers to all users from top of the funnel to paying customer. I've always found the metrics in this deck helpful: https://www.slideshare.net/totango/2012-saa-s-conversions-be....
amitmathew··on How to get your first 100k active users
It’s not wrong, but if you have the opportunity, why not generate interest and get customers as early as possible? We’ve had success convincing institutional customers to agree to purchase even before we've built the product. You get validation and revenue, and it's a great story for investors and partners.
amitmathew··on How to get your first 100k active users
I'm guessing the CEO wasn't a product person? Expecting to launch with a perfect product is just not going to end well. I view the waitlist as a way to get a basic idea to a broad audience and both validate your idea and iterate quickly based on feedback. Waiting too long will just kill what passing interest someone had to enter their email in the first place. We've had the waitlist for a few months and that's even longer than I would like.

I should add that the waitlist strategy isn't always the right one. If you are a new team building a product in an unfamiliar space, it might be better to start with a small group of users. We've been fortunate to have a succesful product in a similar space, so we can take a little bit more of a risk.

amitmathew··on How to get your first 100k active users
Yeah, it's a tough one. Like most startup advice, the right answer should be "it depends". For me, I try to gauge whether the product and customer acquisition can be generalized. If both can be, which seems to be true in your case (and hopefully mine!), I think going wide is the right choice.
amitmathew··on How to get your first 100k active users
"Grow even before you launch" and "Go big or go home" really resonate with me.

We were able to sign up a few thousand people to our new product waitlist through two main channels: exhibiting at conferences and answering questions on Quora. In the past, I would have just done a small beta with friends, but I guess I'm getting a little wiser over the years :)

Going big from the beginning is really a tough one. I already got burned at a previous startup by not narrowing the focus enough, but it really depends on the market and the type of product you are building. We're building a product for college students, which is a big group, so it's a toss-up whether to go after a certain category of students or go after them all. We're casting a wide net for now with the idea that our product will resonate with certain subgroups which we can focus later.

amitmathew··on Why Education Startups Do Not Succeed (2011)
Interesting article! If you're thinking about targeting consumers in edtech, there's a lot of good advice in here. My company mainly sells to medical students, which are a highly incentivized group of consumers, so we can avoid some of the pitfalls mentioned in the article. However, most of the action in edtech is focused on selling to institutions because that's where the money is. The good news is institutions are more willing than ever to try out new technologies if you can convince them you can impact recruitment, retention, graduation rates, etc. Of course, that's easier said than done. Not many startups can wait around for 5 years to do a comprehensive research study. And you get all the classic problems of selling to institutions (and magnified in education): slow sales cycles, multiple decision-makers, politics, etc.

I think an interesting problem in edtech today is there are a lot of "startups" that fit in that dangerous area between a small business and a high-growth startup. You'll find dozens of companies that help improve mathematical skills, create STEM games, or build products for improving reading and writing comprehension. A lot of these companies might grow to be multi-million dollar companies over several years, but they won't fit that "classic" startup growth curve. Since venture money is flowing relatively well (and a few VCs focus specifically on edtech), a lot of these companies get funded. But there's a dilemma for these entrepreneurs: what do you do when you realize that your company is growing 2x each year (which is great!), but not at 10x where your investors want you.

amitmathew··on Ask HN: Who is hiring? (October 2016)
Cram Fighter | Marketing Manager | Full Time | Boston, MA or Remote

http://cramfighter.com

What we do: We help students become the best versions of themselves by enabling them to be more efficient and better manage their time. We do this through web and mobile apps that let students create personalized study plans for their courses and high-stakes exams.

What we're about: We're a bootstrapped, profitable company with thousands of paying customers. We're obsessed with building great products and pushing the boundaries of learning. We focus on an open company culture (everyone gets to see revenues, targets, etc.) and strong work/life balance.

What we're looking for: * A person who has a history of running wildly successful marketing campaigns * Someone who can harness the energy of a devoted customer base * An articulate, organized, and creative individual

More info: http://cramfighter.com/careers/marketing-manager/. Send any questions my way (email is in my profile).

amitmathew··on Ask HN: Who is hiring? (March 2016)
Cram Fighter | Boston, MA | Full-time | Onsite

http://cramfighter.com

What we do: We help students become the best versions of themselves by enabling them to be more efficient and better manage their time. We do this through web and mobile apps that let students create personalized study schedules for high-stakes exams.

What we're about: We're a bootstrapped, profitable company with thousands of paying customers. We're obsessed with building great products and pushing the boundaries of learning. We focus on an open company culture (everyone gets to see revenues, targets, etc.) and strong work/life balance.

What we're looking for:

* A senior software developer who is interested in tackling important problems in education

* Looking for someone who is proficient in Django

* React experience is a plus

Compensation:

* $100-120k + equity

More info: http://cramfighter.com/careers/senior-software-developer/. Send any questions my way (email is in my profile).

amitmathew··on Ask HN: Who is hiring? (February 2016)
Cram Fighter | Boston, MA | Full-time | Onsite

What we do:

We help students become the best versions of themselves by enabling them to be more efficient and better manage their time. We do this through web and mobile apps that let students create personalized study schedules for high-stakes exams.

What we're about:

We're a bootstrapped, profitable company with thousands of paying customers. We're obsessed with building great products and pushing the boundaries of learning. We focus on an open company culture (everyone gets to see revenues, targets, etc.) and strong work/life balance.

What we're looking for:

* A senior software developer who is interested in tackling important problems in education

* Looking for someone who is proficient in Django

* React experience is a plus

More info: http://cramfighter.com/careers/senior-software-developer/. Send any questions my way (email is in my profile).

amitmathew··on Ask HN: Who is hiring? (January 2016)
Cram Fighter | Boston, MA | Full-time | Onsite

What we do:

We help students become the best versions of themselves by enabling them to be more efficient and better manage their time. We do this through web and mobile apps that let students create personalized study schedules for high-stakes exams.

What we're about:

We're a bootstrapped, profitable company with thousands of paying customers. We're obsessed with building great products and pushing the boundaries of learning. We focus on an open company culture (everyone gets to see revenues, targets, etc.) and strong work/life balance.

What we're looking for:

* A senior software developer who is interested in tackling important problems in education

* Looking for someone who is proficient in Django

* React experience is a plus

More info:

http://cramfighter.com/careers/senior-software-developer/. Send any questions my way (email is in my profile).

amitmathew··on Introducing Predict – see who will convert, before they do
I agree that the products get more expensive, although I like the idea of centralizing some of these data-driven marketing efforts through our analytics. Otherwise you have to buy 10 different tools and get them all to talk to each other.
amitmathew··on Introducing Predict – see who will convert, before they do
I'm a Mixpanel customer and this is very interesting. Mixpanel suggests the main thing to do with this data is messaging the users that are likely to convert, but I'm more interested in finding out what are the indicators that makes someone likely to convert and optimizing for that.

This feature also supports my theory that analytics companies are really going to become broader marketing companies, so instead of focusing on just gathering and visualizing data, they will give you more ways of acting on that data.

amitmathew··on Ask HN: Successful one-person online businesses?
I run a small business called Cram Fighter (http://cramfighter.com) that is targeted at students (mostly medical) that are preparing for standardized exams. I got the idea after watching my wife preparing for her board exams and it seemed like a perfect little project to learn iOS programming. Initially my goal was to do earn maybe $5k annually, but now I'm on track to surpass my salary as senior developer by next year.

You'll find a lot of one-person businesses targeting tiny, but profitable, niches like mine. What's great about it is that often when you find a tiny opportunity, it opens up a lot of other problems that need solving that you would never find otherwise. It's also a great way to learn the skills of running a business in a relatively stress-free way (at least compared to running a startup).

The only downside is if you're anything like me, you'll get antsy working on small projects and yearn to tackle bigger, more ambitious problems. Sometimes 1-person companies have the potential for turning into a company with startup-like growth, sometimes not. I'm still trying to figure out how far I can take my company.

amitmathew··on Poll: Is your startup or side project profitable?
My current business Cram Fighter (http://cramfighter.com), a study planner for standardized tests, started as a side project for me to learn iPhone programming. I didn't even plan to sell the thing. But over a couple years it has grown at a good clip and is well over ramen profitable, but not quite mortgage + 1 newborn profitable :) I'm hoping to get there by next year though. I'm pretty proud of it since it's ridiculously niche and very much an accidental business.
amitmathew··on TrueVault – HIPAA compliant data storage
It's important to keep in mind that Amazon's HIPAA whitepaper is horribly out-of-date in light of the new Omnibus rules that were passed earlier this year:

http://www.hhs.gov/ocr/privacy/hipaa/administrative/omnibus/...

The new regulations require you to sign a BAA with Amazon if you are storing PHI on their servers.

Having gone through the process of building a "HIPAA-compliant" product, I wouldn't underestimate the extra work that HIPAA requires. The encryption requirements really limit the third parties you can work with, so you often have to end up building a lot of your own infrastructure and software.

amitmathew··on Ask HN: Who Is Hiring? (September 2012)
Cambridge, MA. Uprise Medical (http://uprisemedical.com)

Business Co-founder

We're looking for a full-time business co-founder that has a history of getting things done and is willing to wear many hats across the areas of business development, marketing, and sales. We are aiming to improve patient education in a meaningful way and we need someone to help us make it happen. We are currently participating in the Healthbox Boston accelerator program.

Uprise Medical is an early-stage company aiming to improve health outcomes by changing the way healthcare providers deliver patient education. If you've ever had a loved one with a serious illness, you'll understand the importance of our mission and why we're so obsessed.

Send me an email at amit (at) uprisemedical.com and let's talk.

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