Tell HN: From $200/mo to $18k in 5 years as solo founder

208 points by mddanishyusuf 4 days ago

I start making money when I was in my final year of Master Degree in 2017 at the age of 25. I’m sharing breakdown of 5-years earnings by year.

#2017 — $2,500 ($208 / month) Internship for US based company as a web developer with Angular.js

#2018 — $6,500 ($542 / month) I joined a full-time job as web developer in a company & was doing extra work in night as freelancer.

I quit my job in 8-months & moved to south India to building company of one.

#2019 — $24,691 ( $2058 / month ) I sold my first project that I build out of a GitHub repository for $22k and did some extra side work to make more money. From now, I stop taking freelance work and start exploring ideas in APIs software. In Nov, 2019 I build NoCodeAPI and Launched in Jan’2020 before covid.

#2020 — $42,124 ( $3,510 / month ) I grow my SAAS business nocodeapi to $2k MRR & built a small website with Twitter API in 11 hours and I sold that for $5k within a month.

#2021 — $153,609 ( $12,800 / month ) NoCodeAPI MRR $3.5k and sold two side project for $95k while growing my SAAS business.

#2022 — $216,433 ( $18,036 / month ) NoCodeAPI MRR grows to $5k and this got acquired for 6 figures.

#2023 — ? Currently, I’m building a new software to make apps with table data. → tableapps.io

optymizer 4 days ago

Congrats! On a related note, can someone on HN can educate me on why MRR is the primary metric? MRR doesn't tell you if the startup is profitable, which is presumably the goal - to make money. If your costs are $3M/month, an MRR of $100K sounds like a terrible deal. Wouldn't it make more sense to report profits?

  • mikesabat 4 days ago

    Generally agree with the sentiment, but here is likely why we continue to talk about MRR.

    1. It's likely inherited from how investors look at startups. They are just focused on growth more than profitability.

    2. In the US there are tax advantages to running costs through the business so these costs might be inflated and profit artificially reduced.

    • giantg2 3 days ago

      And with software a lot of your costs and overhead are fairly fixed. So as you scale up, more of your revenue becomes profit. Investors are looking at that future scaled up state.

  • moralestapia 4 days ago

    One-person software shops usually have recurring costs close to zero, so MRR pretty much equals profit (minus taxes and whatever).

    But yes, your argument stands for other kinds of startups.

    • brianwawok 4 days ago

      I'd assume a few thousand for servers + softwares, but yah.. it's close enough to $0 you can usually tell if it's profitable.

      Unlike something like e-commerce where 100k in monthly sales could be... 0 profit, or 70k in profit.

      • XCSme 4 days ago

        Unless it's a data-intensive service, the servers+software costs are under a few hundreds.

        Source: I sell self-hosted software, my costs are mostly the domain names and a few $5/mo servers.

        • brianwawok 4 days ago

          Cool. Glad you took the time to correct me.

          I run a SaaS and spend a few thousand per month for my hardware and software. And I wouldn’t want to spend any less and reduce my footprint,

          • XCSme 4 days ago

            I was not correcting you, just stating that for most solo entrepreneurs, the running costs are close to zero, usually unless your service handles intensive data (images/videos) or decide to spend the money on paid hosted solutions vs hosting open-source alternatives.

          • __pache__ 4 days ago

            why do you have to spend a few thousand?

            • brianwawok 4 days ago

              Why not?

              Zendesk alone is over 1k. You can use a fake help desk software for half, but is it worth screwing with the bugs?

              My CPU load is something like 200 CPUs 24/7, and needs to be fault tolerant on top of that. Also needs to run without a sysadmin on my side.

              • __pache__ a day ago

                why such a high cpu load?

  • muzani 3 days ago

    I don't think anyone has answered the question yet.

    Revenue/cost = profit margin.

    There's usually three ways to increase profit margin: economics of scale (sell more units), economy of scope (sell more to the same customers), or innovation (lower cost/increase prices)

    All these three are usually linked to revenue in some way. 3 customers and 3000 customers may be roughly the same hosting cost. If you can sell someone a $100 item, you can sell them a $1000 plan later or simply a $1 item for very little marketing fees. Or if you're outsourcing something that could be built in house, it makes sense to hire a team to build and maintain that process once the cost gets high enough to justify new hires.

    The other more common answer is revenue is hard to manipulate, while profits are very easy. Buy and furnish a new office and then your cost suddenly hits $3m that month.

    Anyone who takes any kind of venture capital is expected to have negative profits. They can hire contractors, outsource social media marketing to agencies, outsource hiring contractors to agencies, and so on. Uber used to buy cars and then sell them to their drivers, to get more drivers. Grab gave out free phones so taxi drivers could download the app.

    Startups aren't about profits, they're about growing an asset as fast as possible and then selling it off to someone who can utilize same asset for higher value. e.g. YouTube and WhatsApp don't bring in money themselves, but work very well into Google and Meta strategically.

    It's also common to seed "marketing cost" into unsustainable coupons/discounts and such. That's unhealtht revenue, but it's also why unit economics (the cost of one unit sale) is another metric. Turns out it's bloody difficult to fix unit economics. But this is why people check that unit economics are positive and then read MRR.

  • draaglom 4 days ago

    As long as you believe you can acquire customers for some margin less than (you project) they will pay you across their lifetime as a customer, the rational choice to to maximise your money is to spend all the money you have (and more!) on acquiring more customers.

    As a result, the majority of SaaS businesses aren't profitable, and people talk mostly about MRR.

  • gdsdfe 4 days ago

    MRR gages whether or not people are willing to spend money for the product/service how this MRR evolves over time and how much it is gives also an idea about growth and the 'demand' side of things in general

  • v8xi 3 days ago

    Had to find the article, but I recently read this: https://commoncog.com/cash-flow-games/ talks about the guy who invented EBITDA and I found it super informative. Explains WHY profit is a bad measure and why cash flow rules.

  • leandot 3 days ago

    Because revenue is hard to fake, while a lot of the other metrics are easy. For example, a manager could cut costs via layoffs, get their bonus because the profitability increases in the short term and then they would leave to the next company. The old company may die as it has lost talent, knowledge and motivation in the long run. Doing these kind of tricks with revenue is much harder to pull off.

  • baby 4 days ago

    for others like me who might not have known:

    > Monthly Recurring Revenue (MRR) is the income that a company expects to receive in payments on a monthly basis. MRR is a critical revenue metric that helps subscription companies to understand their overall business health profitability by keeping a close eye on monthly cash flow.

  • joshxyz 3 days ago

    Because mrr proves the the market exists. And in saas area it is assumed to be in healthy profit margin, compared to other areas. In saas operating costs can be reduced, marketing can be scaled, churn can be reduced - but all of these require demand for your product.

  • quickthrower2 4 days ago

    For this sort of business fixed and variable costs are low (he is doing it for free, kind of)

    • baxtr 4 days ago

      This really depends on how you acquire customers.

masterof0 4 days ago

I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.

  • codegeek 4 days ago

    I see some people arguing that 18K in India is the same as elsewhere. Don't pay attention to that. 18K per month in India is HUGE and yes something things are equally expensive as other developed countries (e.g. buying an apartment in crazy expensive cities like Mumbai or Bangalore) but overall, the cost of living is much lower than western countries on average.

    Source: An Indian-American (I don't like hyphens but in this case relevant for context) who frequently visits India and has business there as well.

    • akudha 4 days ago

      18K USD is a LOT of money in India. Real estate in bigger Indian cities is super expensive. Everything else is much, much cheaper than western countries. You can get fantastic food (tasty and healthy) compared to the U.S, very cheap. Things can get much, much cheaper if you step out of the bigger cities.

      • raincom 3 days ago

        More importantly, one can hire maids for everything: cooking, driving, babysitter, concierge doctor on-call, etc.

  • PixelForg 4 days ago

    I can't even imagine, my yearly income is $8350, and I still manage to save money (Indian here as well)

  • mddanishyusuf 4 days ago

    I think living in developed countries like UK is cheaper than india. I was in UK for 15 days and I found it's way better than India and affordable.

    • manscrober 4 days ago

      I haven't been to india myself, but giving the UK as a low cost of living example is laughable

    • masterof0 3 days ago

      With all due respect, I find what you claim to be highly unlikely, if you are comparing lifestyle in downtown Delhi(or wherever rich people live) with a poor area in the UK, then maybe? But otherwise is crazy. If that were the case, companies wouldn't outsource to India, they will just hire locally then.

  • fdghsjakjhf__ 4 days ago

    No, it's the equivalent of making ~$18,036 / month.

    Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"?

    I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US.

    That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc.

    Generally speaking, "poor countries" are only relatively cheaper in terms of labor and situationally, real estate. Your Merc will cost you, having it washed will be relatively cheap.

    • outcoldman 4 days ago

      Went I left Russia in 2011, I was making 54,000 a year, I took my first job in the USA for about $92,000 a year. It felt like I took a huge pay cut. Like I was making several times less money.

      Yes, it is easier to buy luxury things in United States, most of the things are cheaper, comparing to other countries (SLK, laptops, phones, etc). But that is not what defines the life.

      If I remember everything correctly, below is break down of monthly spending Russia vs USA in that time. Based on my annual pay, my monthly salaries were $4,500 in Russia, $7,700 in USA

      Let's compare (first number is spent in Russia, second in USA), everything per month. At that time I used to use the money-spent tracking software, so kind of remember pretty well most of the bills.

      - Taxes: 7% (~$300) vs ~18% ($1386)

      - Rent: $300 vs $1200

      - Cellular: $20 vs $100 (2 people)

      - Internet: $10 vs $60

      - Medical: $0 vs $200 (co-pays, dentals, plus paying for spouse to keep her on the plan)

      - Groceries: $300 vs $1000

      - Cinema/Bars: $100 vs $300

      - Commute: $20 vs $100

      - Car insurance: $20 vs $100

      ---

      - What is left: $3430 vs $3254.

      At the end, comparing the Russian's salary vs USA - based on just common spent, I ended up with a little less money to keep on hands. And it always felt like those money that left way easier to spend in USA without even looking. Clothes, shoes, concerts, etc.

      For me, only when I started to get more than $250,000 a year in USA, I felt that I was making a salary, that I could compare to one I had in Russia.

      Few notes: I lived not in the very big city, just around 600,000 people, so rent and everything way cheaper comparing to Moscow or St Petersburg. $54,000 a year is very high salary in Russia, not very common, I used to work remotely for UK based company.

      P.S. I never regretted moving to USA (especially now), yes, it did feel like I was making less, but the companies I was working for, the products, the people, are on different level. I learned a lot. Built my own company, living American dream.

      • EVa5I7bHFq9mnYK 4 days ago

        As someone who visited both US and Russia last year:

        1. Taxes in Russia are actually higher. You forgot to include 30% Social Security tax, 20% VAT tax and import taxes, that make, for example, cars, clothes and every bit of electronics 50% more expensive. Now, because of the sanctions, it's 100% more expensive.

        2. Rent depends on location, prices in Moscow are closer to $1000 range. And in the US you usually get larger, cleaner apartments, with more amenities.

        3. Cellular and Internet are indeed much cheaper, but it's small amounts.

        4. Healthcare is cheaper while you are young and healthy. If you have cancer, your life expectation will be 1/3 of that in the USA. And overall you will live 15 years less, that is, if you don't get mobilized.

        5. Groceries are basically 1:1. Some items, like bread, are cheaper in Russia, but fresh fruit and vegs are more expensive.

        • outcoldman 4 days ago

          1. That is true, I actually wanted to mention that, but forgot. If you work for a corporation, they pay a high percent of taxes for you, that you don't see. But if you work as sole proprietorship you pay 7% (or 0%, if nobody is going to report you).

          2. Sorry, I would not agree to that. If you want to compare cities, Moscow should be compared to NY or SF, where for $1,000 you will get a corner in a garage, if you are lucky. :D

          3. I don't know $200 a month is a large amount of money. In some countries it is a month living. I have not been in Russia for a while, and my knowledge is based on 10 years ago, but you can get a $50 Android phone with like $3/month service, that will have some internet, an be able to make calls and texts. In USA, I believe, the cheapest would be close to $20 a month? The same about internet, you can start with $3/month in Russia for home internet, but in USA it is going to be at least $40?

          4. I mean current time is different, obviously. But free health care is a free health care. Based on the relatives (mom, dad, grandfather and grandmother), they got an ok health care. My dad has serious asthma, with oxygen tanks, and he is actually running from doctors more, than he should, they are always reminding him about checking with them in the hospital. My mom has diabetes, she get all the prescriptions for free. My grandfather died of cancer, I mean he got some treatment, probably not the best, but he stayed in the hospitals for a long time. He actually lived in Crimea, when it was part of Ukraine, and at the same time this state was very corrupt (probably now as well, don't know), but he still got a treatment. To be honest, I don't have much knowledge yet about how the treatment of serious illness is going to be in USA, but my guess that they will suck all your money first, and after that get your on medicare. That is my guess.

          5. That is hard to compare. In Russia there are still local markets, which aren't exactly the same as US markets. In local markets you can buy groceries (fruits, veggies) from local farmers for cheaper than in the supermarket. In USA markets are all super-organic food, that even has higher prices than in supermarkets. And the cheapest fruids/veggies you can buy are wallmart-like stores, where everything not even fresh. In Russia people do eat meat less often, but veggies and fruits can be way cheaper than in USA.

    • ketzo 4 days ago

      Biggest expenses are food and rent. Those aren’t cheaper in India?

      Your point is taken, but like, I don’t have a monthly line-item for Mercedes.

    • yamtaddle 4 days ago

      I am entirely sure that like 90% of what my annual spending goes toward in a typical year would be a lot cheaper in India. Food, services (restaurants, childcare, cleaning, delivery, healthcare, barbers, dentists, and so on), housing.

      I'm not buying tens of thousands of dollars of cars and high-end electronics per year. Or fancy clothes. I'm buying tens of thousands of dollars of services, housing, and food.

    • heywhatupboys 4 days ago

      > Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"?

      they, do? Global pricing of the same product is vastly different depending on regions. If there is an Italian and a Nepalese market for a handbag, that same bag could selld for twice as much in Italy. Just look at videogame prices!

      • outcoldman 4 days ago

        Interesting thing, that Mercedes cost more in Germany, than in USA. And a lof of the models, they actually assemble in Germany and ship to USA.

      • throwaway54687 4 days ago

        They don't. Not cars, not electronics, not house appliances. As was said elsewhere - these are more expensive in poorer countries, not cheaper. Maybe handbags/other apparel, but I don't buy that.

        As someone coming from a poorer country, I'd check if it really is the same item - usually what happens is that they produce a cheaper version out of cheaper materials and with lesser service commitment that costs almost the same price (80-95%) as the better item in a rich country.

        • whymauri 4 days ago

          You cannot generalize every commodity and every 'poor country' like that. There are cars in Colombia that are less expensive in Colombia, and some that are more expensive in Colombia, than the U.S.

          Similarly, I was shocked to find that scotch whiskey is actually cheaper in Colombia than the US, and it's the same product. The market is more competitive because discount liquor (especially rum) is decently good quality and reaaally cheap. It's also hard to sell someone a bottle that is half their monthly salary!

          Of course, this doesn't hold for anything (and I frankly have no idea how supply chains work), but my point is that it's not as simple as made out above.

          • throwaway54687 4 days ago

            No, the same car is practically never less expensive in Colombia than in the US. There are few specialty items such as liquor, tobacco products or drugs where it's different - but that's about it. Certainly not cars, electronics, home appliances or anything else like that.

    • pbreit 4 days ago

      Yes, some car companies do in fact create less expensive vehicles specifically for certain markets.

      https://en.wikipedia.org/wiki/Renault_Kwid

      • dumbaccount123 4 days ago

        Not really applicable to premium brands so no need to be pedantic

        • whymauri 4 days ago

          The definition of premium shifts with the market. Subaru is premium auto in Colombia and they sell the XV instead of the Crosstrek, for example.

tppiotrowski 4 days ago

I noticed MRR is the key measure reported by startups. I've seen some startups in really saturated markets have very high MRR and it made me wonder if they're just spending $.99 of every $1 on ads so really they do not make any profit but high revenue. Can you comment on profit vs revenue?

  • TuringNYC 4 days ago

    >> wonder if they're just spending $.99 of every $1

    If they spend $0.99 for $1 of MRR, that is amazing, because the first month's revenue covers the cost of acquisition and the rest of the stream is profit (minus other expenses of course.)

    Some of it depends on churn and how much MRR you lose and how quickly.

    • tppiotrowski 4 days ago

      So it's a metric you can game if you go viral on Twitter and get a lot of signups that cancel after one month?

      • TuringNYC 4 days ago

        Not really, because MRR isnt the only metric.

        We'd look at an objective function of LTV to CAC ratio.

        We'd ignore everything below a certain absolute MRR.

        We'd also ignore anything below a certain MRR growth rate.

        The ones we'd typically look at as an investor are: MRR/ARR, Churn, CAC and TLV.

        TLV would be total lifetime value which includes the monthly revenue * months given churn.

        CAC would be the advertisement cost.

        This basically means, how much $ are you spending to make what total $ per customer, and how what is the volume.

  • rubyn00bie 4 days ago

    Monthly recurring revenue typically corresponds with cashflow and cashflow pretty much rules the roost when thinking about useful metrics for a business. With sporadic, or unreliable, MRR you're going to have more risk because there's a higher likelihood of having a "down month" where you're forced to use savings or loans to cover expenses.

  • rhacker 4 days ago

    I typically only see MRR numbers for "one man startups" because you see the number and compare it to your salary and go - Shit I can do that. I could've done that. Damnit!

    MRR is meaningless in larger startups because for all intents and purposes would be eaten by the salaries in two seconds, unless it's huge. At any point it becomes reported as annual revenue.

  • MacsHeadroom 4 days ago

    Startups spend like $2-$5 per $1 of MRR, which is why they run out of runway and constantly need more investors.

    Successful startups spend more like $1.25 per $1 of MRR.

    Profit is for solo founders and bootstrapers.

  • calvinmorrison 4 days ago

    Just to dive into this, most advertising people are tracking "ROAS", Return on Ad Spend, so for every dollar you are spending in advertising, how much do you get back. Depending on your situation you may target different roas numbers and find it acceptable.

    • zoltrix303 4 days ago

      ROAS is a good operational metric, but I'd argue that for a SAAS, you need to look at CLV vs cost of acquisition.

sakopov 4 days ago

Maybe I'm a little thick today, but can someone explain what NoCodeApi does? I watched the video on the site and I still don't understand the value added here. Is it just proxying calls to various APIs?

  • bastardoperator 4 days ago

    You can change the project name and add members though. I concur, I also think it's just a proxy that hides the actual credentials from the user but I'm not 100% on that. I guess it doesn't matter though, they sold it for 100K+ so someone understood.

  • mddanishyusuf 4 days ago

    The thing is API is interesting things for developers, if you make super easy for all the people who don't know much about API then they love to try out API in simple way.

    So, I add simplicity to this product and making super easy for people.

wantsanagent 4 days ago

6 figures seems like a low ARR multiple, but maybe my perspective is skewed from very large acquisitions. What is a common multiple at this size?

  • mddanishyusuf 4 days ago

    5x ARR is normally SAAS software got acquired. According to me it's not that bad as a Solo founder.

  • ezekg 4 days ago

    For small acquisitions like that, I've seen rough multiples of 4–8x ARR.

    So 6 figures makes sense for $5k MRR.

IndigoIncognito 4 days ago

I wonder how different your financial & business situation would be if you lived in a developed country such as the US or the UK?

mandeepj 4 days ago

This is beyond impressive, considering you are still young. Clearly, you've skills to reuse rinse and repeat formula.

  • mddanishyusuf 4 days ago

    Thanks, Yes, I'm 30y old and will keep making software.

jrbuilds 4 days ago

This is super cool, congrats!

I run https://www.startups.fyi and feature profitable startups/side-projects along with revenue info (a lot of them are from solo-founders like yourself).

Would love to feature you if you're up for it?

  • moneywoes 4 days ago

    Do you verify the figures reported? Also could you please add profit details

moneywoes 4 days ago

For nocodeapi how did you land Microsoft, google etc and what was the value prop over google?

newobj 4 days ago

How/where did you sell your projects?

  • mddanishyusuf 4 days ago

    I use microacquire for this.

    • raptor556 4 days ago

      How did buyers perform due diligence?

      I have surface level experience in the private equity industry and was surprised that there seems to be very, very little due diligence performed on sales through microacquire, so I'm building a due diligence platform for buyers and sellers doing those sorts of deals.

      I'm curious about how your buyers performed due diligence.

      • mddanishyusuf 4 days ago

        They asked for data about product like customers, usage, roadmap, etc and they just chat about churn and growth percentage. This took me 15 days to finish.

        • raptor556 4 days ago

          Was it just through email? Did they verify any of the info you sent them?

          • mddanishyusuf 4 days ago

            Yes, I give them access as read permission.

    • biggunz 4 days ago

      microacquire - is there any way we can see/verify that it happened?

      congrats btw

      • mddanishyusuf 4 days ago

        Yes, you can ask the founder "Andrew Gazdecki" or DM me on twitter (@mddanishyusuf) and I'll send you proof :)

pierrebai 4 days ago

Congratulations!

Things I've noticed: no way to get back to nocodeapi landing page once logged in.

I am surprised that the list of big-names you give on your landing page rely on this because all users of nocodeapi have to trust you with their security tokens and API tokens. We have to trust the are properly encrypted, that no one could decrypt and use them... I would have thought most companies legal coding guidelines would prevent them from trusting a 3rd party with such tokens.

eemmiillyy 4 days ago

Nice! Is it safe to put the token inside the URL like that though (Looking at https://github.com/nocodeapi/embed-instagram-feed)? Like would I be able to see the URL by inspecting the page/watching the network tab, or does the element that takes this URL as a parameter do something fancy?

moneywoes 4 days ago

How did you acquire you first 100 users and how much did your popular twitter play into that?

How much for marketing spend, most profitable levers you used?

  • mddanishyusuf 4 days ago

    Good question. I just build a solution of a problem I was facing and I launch on ProductHunt and my twitter. People love the idea and I got 30k customers on the plateform with $0 marketing hack. I don't spend money on marketing because I'm not a big company.

    • Existenceblinks 4 days ago

      I actually love your answer, contrast to a lot of hassle myths. Build a useful thing, put it out there, of course they would come.

      • eldritch_4ier 4 days ago

        The actual reality is that starting a company is very complex, and for every “rule” there’s a very successful company that did the opposite.

        If your takeaway from this is that “build it and they will come” is a good go to market strategy, you’d be terribly wrong in the vast majority of cases. It worked in this case because it was a solution to a painful, concrete problem and the product hunt audience happened to be the right customer suffering from that problem.

        • Existenceblinks 4 days ago

          My takeaway is don't be scare of "build it and they will come" meme too much because a lot of bad products that drive the meme.

          Actually I think the meme is kinda dumb because they assume that people didn't read about it 1000 times already.

TenJack 4 days ago

This is similar to Zapier, right? What is the value add? Just trying to understand the market a bit better.

  • mddanishyusuf 3 days ago

    Zapier is automation tool, and nocodeapi is api proxy with simple way.

ryanwaggoner 4 days ago

Great success, thanks for sharing!

Why did you sell now instead of building for a few more years? If you had hit $30-50k per month you probably could have sold it for enough to be financially independent for life. Were you bored or burned out? Or did growing it further require things that you didn’t want to do?

  • mddanishyusuf 4 days ago

    The project was growing that was required more people and more work. So, I decide building new things rather than hiring new team members.

    • ryanwaggoner 4 days ago

      Completely understand, I’d do the same if I couldn’t figure out how to scale and stay solo.

mattfrommars 4 days ago

For the longest time and continue to think, no one uses no code tools. Let alone, anyone would pay for it.

OP. How did you figure out "this idea will make me money for sure if I continue to work on it"

What is your tech stack that let's you build project and sell.

WheelsAtLarge 4 days ago

Thanks for sharing. It's nice to read about someone that's moving forward successfully.

shetill 2 days ago

Would be 18k if you don't pay any tax, which is probably very doable in India considering

rkoval 4 days ago

Awesome and inspiring work!! Did you create legal entities/companies around each product that you built, or did you have one legal entity that you still are in control of and just sold off the IP from (or a mixture of both)?

  • mddanishyusuf 4 days ago

    Yes, I have one roof for all my projects. mvpstack.io

71a54xd 4 days ago

I'd literally rather just get two jobs at mid series B startups or one Faang job. I completely don't understand why grinding out 5yrs for $18k a month is even close to worth it.

  • codegeek 4 days ago

    2 reasons:

    1. They want to do their own things, controlling their own time and not work for someone else

    2. 18K/Mo in a developing country like India is huge. Assuming that's revenue and profits are say at least 50% (usually higher for SAAS but I am being conservative), that income puts you in top 10% at the minimum.

    • corobo 4 days ago

      Am I misreading or am I just learning the amount folks are earning on this site?

      In what country is 18k/mo not huge? That was my annual salary in my last job! I need to move to America lmao

      • codegeek 4 days ago

        18k/Mo USD is huge everywhere, so yes correct. Even in America.

        • 71a54xd 3 days ago

          Stuff in America is expensive, post taxes that's not much more than you could earn "working" for 20hrs a week at a startup.

  • Beaver117 4 days ago

    Seriously? The jobs will make you work at least 8 hours a day on stuff you probably don't like, just to make the founders rich.

    At least he has control of his time.

  • pickleb 4 days ago

    In another 5 years it could be $180k per month

  • ryanwaggoner 4 days ago

    For one thing, you get to control your own time, but just as importantly, that $18k/month is an asset you can sell for ~$1mm.

  • petodo 4 days ago

    they are not making 18K per month, it's just revenue (MRR), so you are right as employee you will earn much more (at least at that stage in US)

ryanwaggoner 4 days ago

I hope it was high six figures, because a product with that much recurring revenue that’s several years old should get at least 5x multiplier unless there’s something weird going on.

SeanLuke 4 days ago

I was very confused by this title. $18k in 5 years is $300/mo.

moralestapia 4 days ago

Hey @mddanishyusuf!

Is there some contact info so one may get in touch?

I'm building something quite similar to tableapps, it would be nice to exchange ideas around that.

sbarre 4 days ago

How did you market NoCodeAPI once you had launched it?

  • mddanishyusuf 4 days ago

    ProductHunt was big push for my all projects and twitter.

    And after that Google SEO, WOM.

    • moneywoes 4 days ago

      Are you worried about copy cats on product hunt?

joshbochu 4 days ago

congrats! 1. are your projects open source? 2. have you written about your experience working on these projects somewhere e.g. a blog post?

  • mddanishyusuf 4 days ago

    Thanks, Yes some of them are open source on GitHub(mddanishyusuf) and I write sometimes on my personal website mohddanish.me

hbcondo714 4 days ago

Thank you for sharing here on HN. Would you mind mentioning the tech stack? Looks like the site is built on WordPress / Elementor.

  • mddanishyusuf 4 days ago

    New buyer change the marketing website to Wordpress.

    Before it was build with React(Gatsby).

verdverm 4 days ago

Now that it has been acquired, is the purchaser planning to continue building it?

Did you have to enter a support agreement given you were a solo founder?

  • mddanishyusuf 4 days ago

    Yes, the product still growing well and they are adding more features.

pfoof 4 days ago

Can you tell some more details? What was this API, how long did it take, what tech did you use, how much experience do you have?

hajmo97 3 days ago

Congrats on your achievements! What´s your main tech stack for all your applications ?

curiousDog 4 days ago

How and where did you learn your designing skills? Would love to learn.

tinyhouse 4 days ago

Do you need help with tableapps.io? Sounds like a cool project.

petilon 4 days ago

Your website is very nice. Where did you hire designers?

  • mddanishyusuf 4 days ago

    Thanks, I design, I code, I sell, I market, I do everything my self.

    I love designing.

mv4 4 days ago

Very impressive. Thank you for sharing the details.

highwayman47 4 days ago

Congrats, are you using micro acquire to sell?

  • mddanishyusuf 4 days ago

    Yes, I was using microacquire and twitter.

petodo 4 days ago

congrats, but title is misleading, you was not founder first two years, so it should be from 2000/month to 18K in 4 years, since you also counted years wrong, 2017-2022 is 7 years if you include first and last year and more importantly I'd be curious about net profit after expenses, those numbers are meaningless if your expenses grow exponentially

gdsdfe 4 days ago

just curious, who's your competition? there must be other people doing this no?

  • mddanishyusuf 4 days ago

    There was some but not like this simple and easy.

    • biggunz 3 days ago

      +1 yeah, talk about the solution and make it dead easy simple, keep a very simple scope and make simple features work extremely well.

      I've managed to climb to the top of my "industry" through doing the same, all the other competitors talk about what they technology they use etc, people dont care.. they just want a really simple fast sexy solution.

moomoo11 4 days ago

Nice bro. Wish u all the best