But the business reality is a different story. Three years later, the MRR isn't even enough to cover a single developer's cost of living. I’m constantly caught in a loop between "this is too good to give up" and "this isn't a viable business."
I’m torn between pushing forward and calling it quits. If you had a technically superior product that wasn't converting into a sustainable business after 3 years, what would your "red line" be?
I doubt if "bootstrap" is the right way for this type of product/market.
The famous PMF survey (how do you feel if you can no longer use this), %50.8 responds with "very disappointed". And I deeply know this product is pretty unique offering in "finance tracking" market.
But the MRR stays in this level for 6 months now. I feel I do not have ideas to break it through.
And then from there, figuring out what the rest of the market is using, and why.
blinkbat•3w ago
caoxhua•3w ago
But more importantly, I think it is the product itself, the market is probably does not appreciate that much of "customization / personalization" as I thought, in other words, we are probably haven't figured out the best path to get the ideal users yet.
In the other side, free users do not have this issue. We do have free tier which counts for 1/3 of all active users.