The crazy thing with indie hacking is that you spend years grinding to reach the dream of making $10k MRR. Then you realize it's not even a lot of money and you're actually poorer than any entry-level engineer, and have less free time and perks. Unless you're in the top 1% making millions, entrepreneurship is such a shitty deal it's crazy.
We've talked a lot about this on the Pod, but the Great SaaS Meltdown has started and there's no going back.
What exactly is happening?
In short, hi growth, low/no profitability SaaS is no longer a winning strategy because the big question mark is the durability of that growth in the short term and, because of AI, the lack of profits in the long term. Every SaaS company has sold the dream (to investors and employees) that they will growth quickly now, and harvest lots of cash later. With AI, this assumption may be completely out the window.
Now the threshold question is whether their growth will be overtaken by a much cheaper AI-developed solution?
If you are a venture supported SaaS startup and are a legacy Heuristics+APIs+CRUD product, it is likely that a new AI oriented workflow is coming for you.
Investors in private markets can see this now and think that money to fund short term growth will not be rewarded. Investors in public markets no longer believe long term profitability is possible. They would rather pivot into something they think is more resilient.
This is a change in the risk calculus that has existed for the past 15 years and why the chart below is the chart below.
Good luck to all the players!
the “boring” industries will pay you more than any sexy niche ever will
- freight
- insurance
- logistics
- compliance
these industries have no hype, no noise, but insane cash flow
most of them still run on outdated systems...which means even small fixes create massive ROI
they don’t want hype...they want predictability
and the person who gives them that becomes impossible to replace
i broke down how to spot these overlooked niches and plug the gaps no one else sees
like, rt & comment “BORING” and i’ll send the doc
must follow so i can dm you
Guys, it's not hard
1. Just got to @acquiredotcom
2. Find a trending SaaS idea
3. Build it in 2 mins with Lovable
4. Sell it for $500,000
I've literally become a millionaire 7 times this week it's so simple literally anyone can do it
Wake up.
Stress over work.
Open emails and stress more.
Sit in back-to-back Zoom calls.
Look at a phone full of notifications.
Chase opportunities with lottery-style odds
Get told what to do.
Ask for permission.
Watch Netflix to relax.
Look forward to the weekend to escape.
Live your dream life for 4 weeks when you’re on holidays.
There’s a better way to live and it’s not this.
the whole point of making money is paying for dinner for ur friends and buying a little gift for your cousins and getting flowers for ur parents and giving it away to ur neighbors and every once in a while following a little dream in ur head
I love it when someone finally decides to exit survival mode. Even though they haven’t done it yet they have this aura about them, this glow. They’re shoulders are back and they start swearing more. Once you experience this you’ll remember it for the rest of your life.
I’m 39. Born in 86.
And you won’t find this on my resume:
1. Walked away from an 8-figure business at 26
2. Suffered severe mental illness for decades
3. Quit my banking career at 34
4. Got dumped by ever good woman I met (except one)
5. Failed at 8 different businesses.
6. Built a massive email list on Substack.
7. Started a 7-figure digital business.
8. Been writing online 11 years.
Love high performance?
We should be friends.
best advice i ever got is to tell stories abou the data to get people to actually digest it
raw data has zero valuation
transforming raw data into information has value
but just sharing the information can make zero impact unless it lands
how do you make it land
you tell a story about the data and information to get people to digest the learning
best advice i ever got is tell stories about thing you want people to understand