Disclosure certainty 3/5 debate potential 1/5

Jones needs $15,000 MRR before taking his side project full-time

Spencer Jones · Developer side project gets first 80 customers, $6k in ARR, how'd he do it? · May 20, 2021 · at 13:23

Spencer Jones, creator of Chime Social, discusses the financial threshold needed to transition from his full-time software engineering job to full-time bootstrapping.

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“I think it's going to be a while. We live in a fairly expensive area. I've got a wife and two kids. So Yeah, I mean, in the 15,000 MRR range.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Spencer Jones

Insight
Jones: Being your product's primary user risks building solely for yourself
“The danger is that you are facing a problem and either you're the only one who faces that problem or the solution that you build. You're the only one who wants a solution like that. So you really have to balance building something for yourself with validation …”
Spencer Jones May 20, 2021 ▶ 10:48 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
Opinion
Jones: Developers are not the ideal persona for frequent tweeting
“Developers aren't necessarily the persona that you would attach to tweeting a lot.”
Spencer Jones May 20, 2021 ▶ 2:32 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
Assertion Not checkable as stated
Jones spent 18 months building a prior product that made zero revenue
“My last product, I spent 18 months building, like I said, zero revenue.”
Spencer Jones May 20, 2021 ▶ 1:56 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
Disclosure
Jones confirms he is a solo founder running Chime Social
“I do everything. Yeah.”
Spencer Jones May 20, 2021 ▶ 3:50 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
Assertion Not checkable as stated
Jones: Chime Social has 70 to 80 paying customers
“Last I checked, it's somewhere around 70 or 80.”
Spencer Jones May 20, 2021 ▶ 3:59 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
Assertion Not checkable as stated
Jones: Chime Social generates just under $500 in MRR
“It's just under 500, so.”
Spencer Jones May 20, 2021 ▶ 5:49 Developer side project gets first 80 customers, $6k in ARR, how'd he do it?
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