Every founder should know this story! In 2010 Twitch was going to die. This is what they did to save the company and reach $1,000,000 MRR! In early 2010 Twitch ran out of funding and was spending nearly $1,000,000 a month on engineer salaries and bandwidth. So they sat down and brainstormed ideas in two columns: → Everything they could do to make more money → Everything they could do to spend less money This is what they did to make money 👇 They started by adding ads to every place on the site. They did in fact invent the auto-playing video ad. Yes, you can blame them. Ads were everywhere, even the *404* page They were losing significantly more money outside the US and Europe, as advertisers pay less in those regions. They introduced a paywall for some users outside the US and Europe. The paywall was initially implemented for viewers in countries that were most costly for the company and generated the least revenue from ads. In the first month, the paywall generated $10,000 in revenue. Six months later, the paywall was generating $200,000 MRR. At this point, their total MRR was $300,000. This amount was not sufficient to cover all costs; they needed to at least double it. They set a goal to reach $1,000,000 MRR. To achieve this, they focused on optimizing what was making them money and further reducing costs, directing all engineering efforts towards increasing revenue. They renegotiated all advertising contracts, optimized the conversion funnel and A/B tested every part of the paywall. 6-7 months later they hit $1,000,000 MRR 🔥

Solve your own problems. Build a portfolio of small bets. > 1 K-factor. Design products with virality in mind. Go with your gut feeling. Avoid the sunk cost fallacy. Have one clear value proposition. Don’t talk politics. Build an audience. Shamelessly charge for your products.

If you're a bootstrapped solo-founder Avoid the sunk cost fallacy like the pest! To do that, solve small, solo-problems Examples: ByeDispute (avoid Stripe disputes) TagParrot (auto index your pages) Plausible (private analytics) The benefits are: - one simple value proposition - you can build, launch, and test faster - easier to market because of a clear value proposition - less time, money, and effort invested = easier to abandon the project The longer you work on a project, the less likely you are to stop working on it. This is the sunk cost fallacy: we tend to follow through if we already have invested time, money, and effort into something. Never try to solve grand problems that take eons to finish, your bank account will drop to $0!

First time I launched on Product Hunt I had less than 100 followers The product was not impressive But it got the #5 Product of the Day badge How? I spent $100 on a design cake to have my tweets go viral 👇

This is incredible guys! → #1 on PH so far → We hit $469 MRR → 1200 visitors so far → 10% of all spots taken Sometimes all you need is a simple idea and lots of friends ;-) But it's not over yet, keep pushing 😃

Why do most indies choose Next.js over Laravel? 🤔

Good day founders 👋, hope you have an amazing day! Just a quick reminder 1000*tools is launching on ProductHunt in 10 days The $1 offer is still ongoing until launch day (link in replies/profile) Turn on the audio 👇

DALL-E 3 will probably kill AppLogoCreator The conversion rate on AppLogoCreator is down to 0% from 3% two weeks ago. Selling AI-generated logos to developers is not a good idea now. What I'm doing about it: → Change name → Pivot to a general audience → Implement DALL-E 3 when available via the API The value is: → Vectorized version out-of-the-box → A simple GUI, easier for the general public → Pre-defined styles, no need to "hunt" for prompts It's how it is, keep shipping guys!

I asked GPT-4 to describe this image Its ability to pay attention to small details is very, very impressive: "The feather appears soft and delicate, especially towards its lower end where there are fluffier, wispy barbs. [...]"

AppLogoCreator v2 launch getting close 💙 Besides improved models, users will be able to buy ready-made logos & sell own creations To improve SEO, each logo gets a detailed description Looking forward to indexing with @TagParrot All tests passed in the testing server ✅

Who is working on Saturdays?

From idea to product in 3 days! Stack: Backend: @laravelphp Search: @meilisearch Design: @tailwindcss Payments: @stripe Server: AWS JS: Hotwire (link in comments/profile) 👇

BeMindful logo Animated with Bernini (GPT-3.5 fine-tune) 👇

Next AppLogoCreator version will let people sell the logos they make & earn money 💰 Not sure if this will be successful, but worth a try.

Good day founders 👋! What are you building this week? I'll be fine-tuning SDXL LoRAs to give a boost in quality to AppLogoCreator SDXL is nothing short of impressive 👇

Has anybody cracked this yet? How to consistently discourage SDXL from generating multiples of the same subject?

Does anybody know an image captioning UI that doesn't suck? Optimally it lets you automatically generate captions (BLIP) & easily edit them There is some improvement by lowering the LoRA learning rate to 2e-4 I think if I get the captions right this model is going to be 🔥