saas.unbound Sumit Kumar @Parqet. From a side project to a successful bootstrapped Fintech SaaS
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Dec 26, 2023 In this engaging conversation, Sumit Kumar, the founder of Parqet, shares his journey from front-end developer to successful entrepreneur of a bootstrapped portfolio tracking tool. He discusses the pivotal decision to leave his job at Stripe after reaching 20K+ MRR, emphasizing the benefits of staying bootstrapped in a VC-dominated landscape. Sumit reveals how leveraging the influencer ecosystem fueled organic growth and the importance of community feedback. He also recounts practical advice on SEO, niche focus, and the challenges of scaling while managing costs.
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Side Project Turned Product
- Sumit built Parqet to solve his own portfolio-tracking problem and launched it as a side project while working as a front-end developer.
- He opened it to users, iterated on feedback, and was surprised by how much traction it gained.
Quitting Stripe At Scale
- Sumit left his job at Stripe when Parqet exceeded €20K MRR and he couldn't handle both roles anymore.
- He officially became full-time in summer 2022 after serving his notice period in Germany.
Prefer Bootstrap Ownership
- Avoid taking VC unless necessary and prefer ownership to control founder return.
- Validate product-market fit and learn sales/marketing before seeking external funding.
