I bootstrapped a SaaS to $10K MRR in a month and now idk what to do
I made a post here before about getting my job offer rescinded which lit a spark in me and made me start a SaaS.
Well, it is working. chatbase.co blew up! I made another viral post on twitter and my MRR has grown exponentially.
I started this journey to become an indiehacker because I loved the idea and the lifestyle. But now I feel like chatbase is getting too big too quickly and I am getting advice to raise money. Also, raising money might be a good idea because this AI space is becoming insanely competitive now.
I am also considering selling to a bigger company and joining them and to have the resources to grow chatbase. But that defeats the whole purpose of indiehacking.
Still not sure what to do. I just wanted to share my story and maybe get some advice from other founders!
Honestly, depends on what you want out of this. What do you enjoy most about this experience? Are you looking for quick financial independence - then looking to get acquired makes sense. If you just enjoy developing, then maybe worrying about raising money and growth doesn’t matterand you can just enjoy being able to support yourself while building something. There might be some middle ground too.
I'm working on something related, and giving the competitive market I reached out to a friend that I enjoy working with, so we can ship faster. I feel this is a way to grow without compromising the indiehacking way.
That's the "middle ground" I'm trying :)