WhoBuilt

Your Whole Goal Is to Not Quit

Sep 25, 2017· 1 h 0 min· 29K views·Watch on YouTube

Speaker

Courtland Allen, founder of Indie Hackers, talks with a Y Combinator host about building a community and profitable internet businesses, and how founders can keep going.

Finding the idea behind Indie Hackers

Allen describes spending two days generating business ideas and studying Hacker News threads about profitable side projects. He noticed people wanted both examples to learn from and transparent stories about businesses, which led him to create Indie Hackers.

Building a community that keeps growing

Allen says a forum needs a topic people enjoy discussing, a steady way to bring in visitors, and active conversations from the start. He used interviews as content marketing to send readers to the forum, and initially replied to every thread so new members would find useful discussion.

Choosing a business model with eyes open

Allen recommends YC for its mentorship and the support of being surrounded by other founders, while stressing that accelerator investment terms can raise the bar for success. He argues most founders should weigh that risk against building a smaller profitable business, such as one earning $10,000 or $20,000 a month.

Staying in the race

Allen says building Indie Hackers alone made time management difficult, and he nearly quit when he struggled with ad sales. His view is that startups are a slog: keep working through setbacks, seek support by sharing progress publicly, and use community to stay motivated.

Learning from customers and examples

Allen advises starting with what people want and then finding a suitable way to provide it. He encourages founders to study other businesses, share ideas on a forum, and learn from feedback rather than disappearing into a two-month solo effort.

Takeaways

  • Study real businesses to spot useful patterns and generate stronger ideas.
  • Pair community products with a reliable way to bring in new visitors.
  • Understand how accelerator terms affect the level of success investors expect.
  • Share your progress and ask for feedback to make solo work less isolating.
  • Build around demonstrated customer interest, then choose the format that serves it.

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What was claimed 12

  • built
    “the company that I did YC with, TaskForce”
    YouTube
    Unverified1 source· Talk
  • metric
    Indie Hackers: About 60 percent of traffic came from outside the United States
    “something like 60 percent of the traffic comes from outside the United States”
    YouTube
    Unverified1 source· Talk
  • metric
    Indie Hackers: Around 200 interviews and 30 podcast episodes
    “Now we’ve got around 200—I think we just hit 200 this week—interviews and 30 podcast episodes.”
    YouTube
    Unverified1 source· Talk
  • metric
    Indie Hackers: Launched with 10 interviews, after hundreds of outreach emails over three weeks
    “When I launched Indie Hackers last August, I think we had 10 interviews, and it took me three weeks.”
    YouTube
    Unverified1 source· Talk
  • founded
    “When I launched Indie Hackers last August”
    YouTube
    Unverified1 source· Talk
  • feature
    Indie Hackers: Interviews and stories about profitable internet businesses
    “Indie Hackers really started off as a content site, a showcase for these types of profitable internet businesses.”
    YouTube
    Unverified1 source· Talk
  • feature
    Indie Hackers: Community forum for founders and aspiring entrepreneurs
    “The real core of the site is the community forum.”
    YouTube
    Unverified1 source· Talk
  • metric
    Scott’s Cheap Flights: About $4 million a year
    “it turned from a tiny side project into a massive business that’s doing about $4 million a year”
    YouTube
    Unverified1 source· Talk
Show all 12 facts

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