4.9 β’ 606 Ratings
ποΈ 15 February 2023
β±οΈ 48 minutes
ποΈ Recording | iTunes | RSS
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Yahia Bakour (@mynameisyahia) talks trading stocks, quitting a $250k/year job at Amazon to become an indie hacker, how to join an existing project as a late cofounder, marketing via SEO, being a night owl vs an early bird, and bootstrapping his revenue to $20k/month with Courtland (@csallen) and Channing (@ChanningAllen).
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0:00.0 | All right, we should probably introduce you. You are Yahyah Bakur, the founder of Stock |
0:11.7 | Alarm. Am I pronouncing that right? Yes, the both. You are, you're super young. I think what's |
0:17.9 | inspirational about you is the fact that you're only 23 years old. You've been working on Stock Alarm for three years now. So you started this when you were 20 or 19 in college. And you just recently quit your job. You're a software engineer at Amazon. You're making 250 grand a year. And you've taken the leap to work full-time on stock alarm, which is making $20,000 a month, |
0:38.0 | and you're killing it there, too. I think that's pretty rare to hear an indie hacker |
0:41.0 | succeeding so wildly at your age, and it's pretty inspirational to see. So welcome to the podcast. |
0:46.5 | Thank you, thank you. You know what I was doing at 20 years old? I was going to bars with a fake |
0:52.8 | ID. I was trying to seem like I actually knew how to order. |
0:57.9 | So I'd go there and there would be like some cute girl. |
1:00.3 | And like I would stand and like the bartender wouldn't see me because I was too short. |
1:04.1 | And I was like too timid. |
1:05.5 | And yet you're like 20 years old like running a business making 20 making, making, making, making, business decisions. I'm happy I didn't have friends like you who made me feel |
1:16.1 | like shit. I tried to have balance, actually. I think my idea was taken somewhere in Jersey, |
1:20.4 | so not too far off, but yeah. So let's talk about your product, stock alarm. I'll try to describe |
1:26.8 | it, Yahya, and you tell me if I'm getting this right. So let's say that I am trading stocks. Obviously, that can be really time-consuming to do, especially if I'm like a day trader or something. I might be watching 10 or 20 different stocks, and I want to buy and sell them at different prices, and so I'm just watching and clicking refresh on the page over and over again all day, I know when to buy and sell. Enter Stock Alarm. You know, that process is a huge waste of time, but if I download your app or I send up for your website, then suddenly I can set alerts. I can tell Stock Alarm, hey, notify me when this stock hits this price. You know, and then I can buy or sell it, and I'm no longer having to do all this manual checking myself. I'm just getting automatic notifications via email or a phone call or a text message. And now I can just go buy stocks and not have to do this whole sort of time-consuming process. And so that, I think, is the main benefit, as I understand it, of your app, Stock Alarm. Yep, that's pretty much it. the whole point of it was to avoid that feeling of, you know, you're watching Tesla |
2:21.3 | or whatever volatile Wall Street Bud stock was going on is popular at the time. |
2:26.3 | You're watching it for a while, you stop watching it. |
2:28.3 | Your last stop before that was maybe I should buy some, right? |
2:31.3 | And then later on, you're like, oh, it spiked by, you know, 10%, |
2:35.3 | but if you had bought a call option, you would have made a time. Yeah, I get that exact feeling, like maybe I should have bought some whenever, whenever I see the price spike, but not when I see it fall. And so I have this sort of retroactive history in my mind. Like, I totally would have, I totally knew this was going to happen and I would have bought if I, you know, I just thought about it. |
2:34.5 | And fun story, actually, I totally knew this was going to happen, and I would have bought if I, you know, I just thought about it. And fun story, actually, |
2:54.3 | I was not the original founder on this. I actually joined the party pretty late. Okay, when did you |
3:00.0 | join? So I joined Stock Alarm when there was, I think it was under $100 MRR and something it's something like three, four hundred monthly active users. The story of how I joined is pretty fun as well as the co-founders and where they are now. I think Corlin, you might have talked to one of them a few weeks ago, Rude. He was working on a content moderation platform. The other one, Morgan, he recently got a full-time job. He had a period of one year |
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