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I sold my side-project for $30k

252 点作者 marckohlbrugge超过 4 年前

25 条评论

marckohlbrugge超过 4 年前
I figured some of you might enjoy this story. I talk about how my Medium post on setting up Zapier to tweet your Instagram photos, lead to a SaaS product that recently got acquired for $30,000 (with one asterisk, details in the post).<p>It&#x27;s not a life-changing amount of money, but I think it&#x27;s a more typical example of what you can expect when selling a bootstrapped side project. Hopefully it will inspire some of you who have been on the fence to start your own project.
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jbverschoor超过 4 年前
&gt; The first $10,000 is cash upfront with no strings attached.<p>&gt; The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within 24 months of the acquisition.<p>So it&#x27;s sold for $10k, and a max €20k revenueshare on a service that currently does 1620&#x2F;year
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loriverkutya超过 4 年前
As a user of this service:<p>You built a service, I started to use it, I was happy to pay for it. Now you sold all the data your business had about me and the service, so I need to check the new EULA etc, and need to reevaluate if I want to use this service futher along the way.<p>Also my experience with apps&#x2F;services&#x2F;etc sold by their original creator(s), that they are shuting down in a year or two and I&#x27;m so tired of this trend.<p>So yeah, happy about your success, unhappy about another service which probably goes down the drain and I need to find something else to use, which probably not really has the same featureset.<p>Edit:<p>My point is, I would have been using this service and paying for it in the next few years, without the need of new features or so, so you only need to do maintenance of the infrastructure and keeping up with the security updates for mostly passive income. Probably this is the same for other users of the service. I think this should be considered, when you thinking about selling your passive income sideproject.
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soheilpro超过 4 年前
Congratulations! I run the exact opposite service: Turning tweets into Instagram posts (<a href="https:&#x2F;&#x2F;pikaso.me" rel="nofollow">https:&#x2F;&#x2F;pikaso.me</a>)<p>It already supports Zapier but as soon as Instagram opens up its publishing API again, I will offer my own built-in automation features too.
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Traster超过 4 年前
&gt;The first $10,000 is cash upfront with no strings attached. The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within 24 months of the acquisition.<p>I&#x27;m not sure I&#x27;d call that $30k given the current revenue needs to grow more than 5x over the next 2 years to get the 20k (assuming the acquiring company even continues to monetize the project). Is that really the terms?
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crispyporkbites超过 4 年前
Marc has 26k followers on Twitter and owns <a href="https:&#x2F;&#x2F;wip.chat" rel="nofollow">https:&#x2F;&#x2F;wip.chat</a>, <a href="https:&#x2F;&#x2F;betalist.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;betalist.com&#x2F;</a> and a startup job board - all of which give him regular touchpoints (and trust!) with potential side project buyers.<p>You might be able to build an app like this in a weekend or a few weeks, but unless you have a similar capability &#x2F; vehicle to market it, you&#x27;re going to struggle to sell it for anything.
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huhtenberg超过 4 年前
&gt; <i>It got featured on BetaList and Product Hunt.</i><p>A little detail here is that BetaList just happens to be OP&#x27;s other project.
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smabie超过 4 年前
Nice score, but why do you think that guy wanted to buy it? Little revenue&#x2F;userbase. Moreover, he or some contractor could have built the same product in a weekend.<p>Also, assuming you get your money in 24 months and using a discounting factor of 5% (which is either much too high or much too low), you are looking at a little over 28k, not 30k.
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Cthulhu_超过 4 年前
Did you ever run into trouble with the domain &#x2F; service name? I wouldn&#x27;t be surprised if Twitter has or has tried to copyright &#x2F; trademark the word &quot;tweet&quot;.
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OJFord超过 4 年前
&gt; I made a new thing called <a href="https:&#x2F;&#x2F;t.co&#x2F;LMVsrPNaFV" rel="nofollow">https:&#x2F;&#x2F;t.co&#x2F;LMVsrPNaFV</a><p>Another reason to dislike Twitter&#x27;s disguised shortening...<p>(In the original tweet, viewed on Twitter, that should read &#x27;called tweet.photo&#x27;.)
tomkwong超过 4 年前
Congrats! Thanks for sharing. I think one of the best decisions you made was the choice of the domain name. It feels authentic.
mtnGoat超过 4 年前
I always wonder how many of these are just bought by shady companies to install spyware and such. Seems like something easy to duplicate for anyone with funds. Unless they aren&#x27;t in the business of building and running apps. I know at least a few this has happened to and goes on in the Google play store as well.
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stevage超过 4 年前
The obvious question: how many hours do you think you spent on it, all up?
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JCharante超过 4 年前
Thank you for sharing your story! Even though selling my side projects isn&#x27;t the goal behind them it&#x27;s nice to see someone creating a side project in a short span and actually finishing it.
mr_cyborg超过 4 年前
I really enjoyed this blog post. Great writing, easy to read and follow, and a compelling and relevant subject for many readers here. Thank you for sharing!
groggo超过 4 年前
How did you host this project? Did that have a significant cost?<p>&gt; I believe in using the tools you’re familiar with, so I used Ruby on Rails to build the product.
abinaya_rl超过 4 年前
Thank you for sharing your story Marc. Any idea how much time you spent on creating this service in total?<p>Are you going to continue involve with the product development?
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ijafri超过 4 年前
basically he still made great money, i don&#x27;t think anyone would pay more than $10k .. if he had listed it on flippa it&#x27;s simple 3 x yearly revneue for such sites = $ 5000 maxium. he got the right buyer and $10k isn&#x27;t bad deal for either party.
dmitriid超过 4 年前
On technical side: I wonder what APIs this service (and others like Zapier) use. Original Instagram API is all but closed to devs, and the new Facebook APIs are limited and reduced to &quot;business accounts&quot;. Any good APIs I&#x27;ve seen are libs that reverse-engineer Instagram&#x27;s internal APIs and use those.
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swyx超过 4 年前
you had zendaya using you and there was no step function jump in revenue? why is that? seems really odd.
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summitsummit超过 4 年前
1. how many side projects have you had? was this the only successful exit?<p>2. how do you come up with the startup&#x2F;tool ideas?
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quickthrower2超过 4 年前
TLDR: sold for 10k plus rev share. Sold because of platform risk.
Pete-Codes超过 4 年前
Great work! Email me.
jevgeni超过 4 年前
I mean, there’s IFTT...
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macca321超过 4 年前
Probably for the API access to Zendaya&#x27;s Insta and Twitter accounts