How I did a Twitter giveaway, got 10K+ new followers and discovered you can hack most Twitter giveaways to win them - reading time 6 minutes
"It was almost New Year's Eve and I wanted to something special on Twitter. I had 69,800 followers and because I admittedly am an imperfect and superficial human addicted to vanity metrics, I wanted to get to 70,000 followers before midnight and it becoming 2020."
The New American Dream - reading time 9 minutes
"The Internet will catalyze an explosion of American entrepreneurship, driven by social, technological, and theoretical factors."
Sahil's Second Act - reading time 9 minutes
"Sahil Lavingia is enjoying his second act. (Mostly.) Back in 2011, when he was employee #2 at Pinterest, he had an idea for “a sort of link shortener with a payment system built-in.” So he hacked it together over the weekend and launched on Hacker News that Monday. He called it Gumroad."
A board with ideas to reach your 100 first customers.
Getting Real, the first book @jasonfried and I wrote together, is now available online as HTML: linkable, shareable, enjoyable. 14 years old, still timely. The manual on how we built Basecamp https://basecamp.com/books/getting-real
The classic on the indie web: Getting Real is now free to read.
1/ Fun milestone: @Baremetrics had its first fully-profitable year in 2019! $151k in profit on $1.38m in revenue. - Tweet 1
Josh Pigford of Baremetrics shares some data points behind the growth of the company. Not surprisingly, payroll and servers/infrastructure are the biggest expense:
2/ The very large majority of our expenses are wrapped up in payroll (nearly $900k). All other overhead was, more or less, negligible. - Tweet 2
3/ We spent $184k on servers/infrastructure. Majority of that going to Packet for bare metal servers. - Tweet 3
Right now it's very utilitarian. employee_bonus = total_bonus_pool_dollar_amount / total_team_days_worked * total_employee_days_worked So, the longer you've worked here, the larger % of the pool you get. - Tweet 4
On to venture funded information, where Rick Yang shares some learnings regarding what led to Plaid's success (they were acquired by Visa):
🎉 Congrats to @Plaid—to be acquired by @Visa! @NEA has had the privilege of partnering with @williamhockey, @zachperret & team at the seed🌱stage w/ just 3 people and a dog🐶 In trying to share the magic 🧙♂️with other founders, here are 7 learnings that led to Plaid's success👇 - Tweet 1
I'll let you read the thread in its original but I want to kick it off with lesson number 1:
1⃣ Define a clear mission and let it guide everything. 🧭
For @Plaid, the mission was to make money easier. 💰 They did this by focusing on the infrastructure layer, and their unwavering belief in the mission fuels every action and decision - Tweet 2
3 Commonalities of Million Dollar Subscription Apps - listening time 7 minutes
Dozens of apps generating over a million dollars a year were analyzed to see what commonalities they have.