Guilhermo Oenning, founder of customer feedback tool Fider, explains how he generated early user traction before monetizing the software.
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“So I think the first few came from Reddit. I was building this. I shared it on a few Reddit communities, and because it was an open source product, I wasn't really monetizing it because it was kind of easy to get a little bit of traction in the beginning.”
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Insight
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Guilhermo OenningAug 22, 2024▶ 10:18Startup Acquisition Stories Podcast With Guilhermo Oenning, Founder of Fider
Disclosure
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“So, I think I got to, like, around thousand MRR. From that going from free to paid, which is not a lot, but at the same time, from someone who is not getting anything on this site, brother, to getting a thousand dollars from, was paying my mortgage, basically,…”
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AssertionNot checkable as stated
Fider reached an agreed sale on Acquire.com in just two weeks
“And I think I have noticed here that it took like two weeks to go from publishing on Acquire to Sale Agreed.”
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AssertionSupported
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Insight
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Guilhermo OenningAug 22, 2024▶ 15:25Startup Acquisition Stories Podcast With Guilhermo Oenning, Founder of Fider
Disclosure
Oenning: Fider's initial hosted version cost $5 per month to run
“It cost me like five dollars per month to run it. I just want to get users and get feedback from that. So that's why I made it free.”
Guilhermo OenningAug 22, 2024▶ 3:00Startup Acquisition Stories Podcast With Guilhermo Oenning, Founder of Fider
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