Indie Bites: How VEED grew to $1.7m ARR in less than 2 years with Sabba Keynejad of Veed.io

Indie Hackers

Courtland Allen and Channing Allen

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

4.9 • 606 Ratings

🗓️ 7 October 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

BONUS EPISODE from the Indie Bites podcast: "I first met Sabba at a pub in London when Veed was just an early beta product making $0. Fast forward a few years, Veed is now making over $100,000 a month and growing rapidly. It's well-executed product in a growing market, but that hasn't stopped Sabba and the team firing on all cylinders to grow the business. I talk with Sabba for 15 minutes about how they came up with the idea, how they've managed to grow so quickly and advice for indie hackers that are looking to go full-time on their business."

Transcript

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0:00.0	Cortland here. I'm trying something new where I occasionally feature bonus episodes from other
0:05.5	IndieHackers podcasts. With the exception of this week, these will always be an addition to my normal
0:10.2	episodes instead of replacing them. This one is called Indiebytes. It features short,
0:14.5	bite-sized conversations with indie hackers who are running profitable and bootstrapped businesses.
0:18.7	If you enjoy it, you should head over to the IndyBites podcast and subscribe.
0:25.1	When we got our first paid user, I was like, oh my God, we might actually do this.
0:31.4	And then the next inflection point is like profitability.
0:34.1	And when I say profitability, I mean like, you know, all of us just pay ourselves
0:36.9	$1,000, $2,000 a month. That's really liberating time because I mean like, you know, all of us just pay ourselves one, two thousand
0:37.8	dollars a month. That's really liberating time because it's like, hang on, I don't need to go
0:42.2	back to a job ever again. Hello and welcome back to IndyBites, the podcast where I bring you stories
0:48.8	from Indie Hackers in 15 minutes or less. In this episode, we have Sabah, who is the co-founder of Veed, an online video
0:56.0	editing platform. Before we get into it, I'd like to thank Weekend Club for continually supporting
1:01.3	the podcast. Weekend Club is a community I'm personally a part of, and as I said before,
1:06.1	it has made a huge impact on my progress as an indie hacker. If you've ever struggled
1:10.5	meeting solo founders and staying accountable, then Weekend Club is for you. Every Saturday, we have
1:15.3	deep working sessions to help you get your task done. I've got limited promo code for you,
1:19.9	50% off your first month. Go to WeekendClub.com and enter Indie Bytes as your code. Let's get
1:25.7	into this conversation with Sabah, who is also a member of Weekend Club. Sabah is the co-founder of Veed.io, an online video editing platform that has grown to over 1.7 million ARR. When I first met Sabah, Veed was just a small product that wasn't generating any revenue. Since then, Saba and his co-founder, Tim,
1:44.3	have grown the platform rapidly, adding new team members, thousands of new users, making a
1:49.3	profitable bootstrap business. Sabah, how are you doing? I'm good, man. Thanks for having me.
1:54.5	It's absolutely mad because I think when I first met you and Veed was just this thing you were
	...

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