8
8 Comments

Independent and Proud

Big update! To make a long-story very short I have bought back my entire project and company from my venture capital investors.

Whoot! Independent, self-funded, and very, very proud!

It's been a long journey of pivots and restarts and more, besides the fact that we survived a global pandemic and are now watching, anxiously, an uncertain financial and economic future.

Ultimately, it just made sense to take back ownership of the project end-to-end which will give us more freedom to do...

... well, anything we fucking want.

This is the amazing thing about being bootstrapped and independent! It's not that you can't have a huge measure of control and an amazing lifestyle with venture financing but it's obviously not the same thing. And gratefully, things are headed in the right direction — small but very, very hopeful. For instance:

  1. We've have > 60,000 avatars try out the project since our last update in June.
  2. We have a growing and passionate community in the 1st yeniverse and we have ~$140 in MRR — familiar territory.
  3. Thank God for bitcoin because without some lucky (but consistent) investments I'm able to self-fund for a bit of time and provide for my small team financially — we're super-trim, especially since we use our own tool for a ton of important and vital business usecases.

I just wanted to ping this community in a unique and special way because we started the last pivot / restart here on Indie Hackers and it has always been very near and dear to my heart.

I'm no longer using much social these days but you can find me full-time in the metaverse; hope to see you there!

🦄

  1. 2

    Extremely honored to be in this amazing universe, I have the utmost respect for you and all you do…

    1. 1

      thanks! lmk how i can help yoU!

  2. 2

    Congrats John!

    The ability to wake up every morning and do what you love because you believe it is worthwhile is such an important thing. I am really happy for you :)

    Take care buddy!

    1. 1

      thanks friend! i wake up everyday being the captain of my own ship... there's nothing else quite like it!

  3. 2

    Congrats! Great that you were able to buy it back.

    1. 1

      thanks! there wasn't much choice in the matter... but, it was an administrative headache and some of my VCs were... for lack of better words... compete asshats in the process. i'll never do business with them again.

      :)

  4. 2

    Congratulations, John!

Trending on Indie Hackers
I will promote your startup to 50K+ people 56 comments I made Session, a productivity timer that makes $5K/month in net profit, AMA! 20 comments I built an NFT Guide site. Feedback welcome! 15 comments I've teased this project for a while. Initial thoughts on this landing page? 12 comments Only 30 days! We finished a great Etsy products research tool 10 comments #1 on Product Hunt with an open-source project 8 comments