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Indie Hackers

#195 – Bootstrapping to $3.3M/Year in a Competitive Space with Sabba Keynejad of VEED

Indie Hackers

Courtland Allen and Channing Allen

Startups, Entrepreneurship, Makers, Indie, Bootstrapping, Online, Technology, Business, Founders, Bootstrappers, Ideas, Tech, Indiehackers, Hackers

4.9 β€’ 606 Ratings

πŸ—“οΈ 10 March 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Sabba Keynejad (@sab8a) is the founder of one of the fastest growing companies that I've ever featured on the show. In this episode we get into exactly how he used YouTube, side project marketing, Reddit and even getting banned from Qoura to grow Veed.io.

Transcript

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0:00.0

What's up, everybody? This is Cortland from AndyHackers.com, and you're listening to the

0:12.5

IndieHackers podcast. More people than ever are building cool stuff online and making a lot of

0:17.1

money in the process. And on this show, I sit down with these indie hackers to discuss the ideas, the opportunities, and the strategies they're taking advantage of. So the rest of us

0:25.0

can do the same. I'm here with Saba, K'inajad, the founder of Veed, which is one of the fastest

0:30.9

growing companies that I've ever featured on the show. So what's your revenue Saba today versus

0:37.0

what it was, you know, last year,

0:38.4

the beginning of 2020. So today we're at 3.3 million ARR. December last year, it was about 150K

0:46.4

ARR. This is concept of boiling the frog. You put a frog in a pot and you turn up the water

0:51.9

and, you know, he's just going to sit there and let you boil them alive. the whole idea is you know we just don't we don't really notice when things are changing slowly but like your revenue has changed incredibly quickly like that's one year from like hey we're kind of ramen profitable like maybe we can quit our jobs to like oh shit we're rich we can do whatever we want we whoever we want, we can build whatever we want, like we're on top of the world. What's the biggest thing that's changed in your life, having gone from such a small company to such like a large and growing company in that short of time span? Nothing has really changed my life personally day to day. I actually think I'd probably work a bit less than I did maybe a year ago. So we've got more great people helping us. It has in hindsight

1:32.8

grown incredibly quickly. But day to day, it doesn't feel like that much changes. Instead,

1:37.7

it kind of feels a bit more like every three months, I have to kind of like fire myself from my

1:41.6

old job and kind of get more people to help and take up different responsibilities. And that's been quite hard to get used to. But it's been a fun journey, though. An old interview with Elon Musk that I watched the other day were like he had just sold his first company and made like a hundred million dollars or something crazy. And he bought like a McLaren F1 and he was just like sitting in front of his house with his girlfriend like I got one of the rarest cars in the world and like I'm gonna drive it around and go super fast and like I'm just the cool I'm the shit you know like I'm rich now like he just cared so much about having this car and like obviously today if you look at that guy like he's trying to put people on Mars and he's trying to change like everybody to driving electric cars

2:18.3

and it's like only focused on like weirdly ambitious like world changing things I think that's one

2:23.1

thing I've seen pretty consistently with everybody I know who's like gone from you know starting small

2:27.6

to like making it big it's like your ambitions kind of ramp up and so I wonder if that's the case with

2:31.6

you because like if Elon didn't start off with these world changing ambitions I I'm sure almost no one does. You know, did you think a year ago

2:38.1

that Veed was going to become this huge thing? And also like have your ambitions changed,

2:42.2

have your goals changed since back then. Completely. There's also an interesting, I heard an

2:46.6

interesting conversation with Elon Musk and going straight to like making spaceships or whatever

2:51.2

is like super, super challenging and pretty much unattainable for anyone, unless you've had a few

2:55.6

successes before. And I think one of the examples that he used was like, oh, just make a nice

3:00.1

photo sharing app. I thought it's quite a funny like analogy. But no, my ambitions have completely

...

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