Indie Hackers #195 – Bootstrapping to $3.3M/Year in a Competitive Space with Sabba Keynejad of VEED
12 snips
Mar 10, 2021 AI Snips
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VEED's Early Days
- Sabba Keynejad and his co-founder, Tim, started VEED as a university project.
- They initially focused on winning competitions for funding, which set them back eight months.
The Downside of Competitions
- Courtland Allen had a similar experience winning MIT's $50k competition, which delayed his progress.
- Winning felt like validation but ultimately led to wasted time on an unvalidated idea.
Turning Rejection into Motivation
- Rejection from investors or accelerators can be a powerful motivator.
- Use rejection as fuel to focus on revenue generation and prove them wrong.