June 2023 granted my every wish.
🚚 After building it for a month, Typeframes’ launch was successful.
🎉 Reached ramen profitability.
💸 Got a $16k acquisition offer for Sidebird.
In order to make all that happen, I worked a good ~12h per day, with almost no breaks except for the gym. For the whole month… obviously too much. And so last week, I *surprisingly* lost motivation entirely.
Couldn’t get out of bed.
And yes. This is not the first time I make this mistake. But now I understand why: I was confusing consistency with constancy.
🌊 The misconception
“Consistency is key.” —M. Productivity
We hear that all the time. And I thought this meant: “you should force yourself on the days when you don’t feel like doing the thing“. But I was wrong. If your mind starts associating this thing you need to get done with the idea of “forced“… you’re likely to never feel like doing it anymore. Never.
You don’t want that.
This might be personal, but I’m always 10x more efficient when I’m motivated. When I’m in that flow state.
Here’s a definition of consistency I like best: “Making intensity adjustments on a regular basis“. Talking about work, this could mean: sprinting for 3 weeks to launch a new project, and then resting for a few weeks.
But the timeframe in which you make adjustments depends on the area of your life you’re targeting. Family might require smaller but more regular adjustments, etc.
Work like a lion, not like a cow. The cow is always chewing at the same slow pace, every single day. The lion, on the other hand, observes his prey, waits for an opportunity, sprints, catches his prey, eats, and most importantly — rests.
🎉 Typeframes release
If you red the previous issue, you know I’ve been running pre-sales for this new project and made $3,000 in 30h. Without even building it.
So, 4 weeks of coffee, grind, and sweat later… June 17 was launch day!
I’m very excited about it.
In the first two weeks after the launch, it made $3k in revenue. This doesn’t includes pre-sales. Needless to say this completely blew my expectations.
Of course, it’s still at a very early stage, but it seems like the market is huge. And it’s fantastic to build in such conditions. Here are the goals for next month:
Keep iterating with user feedbacks
Work on an API for it ✨
Launch it on Product Hunt!
Of course, everything will be built in public on twitter and wip.
💸 A $16k acquisition offer
Here we go. The click-bait moment.
I often get people asking if I’m down to sell a startup. But 99% of the time they’re not serious about it. Although this time it was different.
For the first time, the man went straight to asking for informations he needed (MRR, traffic sources, tech stack), and got back to me one week later with a $10k offer to acquire Sidebird.
Frankly, I was disappointed. With a $711 MRR and ~90 customers, I was expecting something around $25k (3x ARR).
But I assumed it was fair negotiation, so I made a counter-offer:
Which led him to raise his price a bit:
It was still far from the $25k I had in mind. So I refused. Also because I still love working on Sidebird, and I believe it can still grow to new heights with a tiny push.
As I said, it was my first time negotiating for a tech acquisition deal like this — so I’d love to hear your thoughts on that.
✌️ That’s it for now
Hope you enjoyed this issue.
If you liked it, feel free to share with your twitter friends 😁
I’m always happy to hear your thoughts. Hit me up on Twitter @_justlilian and let's connect.
See you for the next issue!
Keep shipping, stay indie — Lilian
Wow bro, good one on refusing that $16k. 💪💪💪
Nice to see you stuck to your beliefs and declined. That person is red flag city.
I think you dodged a bullet there.
When are you coming back?