Tamil startups should target saas market
What is SaaS, why it’s one of the most valued of all startups,
SaaS is a method of software delivery that allows data to be accessed from any device with an internet connection and a web browser.
In this web-based model, software vendors host and maintain the servers, databases, and code that makes up an application.
How is it different from old traditional software on-premise service .micros SaaS, why it is gonna matter in years to come
The advantage with saas is the customer doesn't have to give a one-time large fee and its just a monthly fee
Micro-SaaS, as it can be understood from the word itself refers to a small SaaS. ... “A SaaS business targeting a niche market, run by one person or a very small team, with small costs, a narrow focus, a small but dedicated user base, and no outside funding.
Tyler Tringas is a General Partner at Earnest Capital which provides early-stage funding for bootstrappers.
So you want to start a SaaS company. And people keep asking you how big the market opportunity is and if your idea will scale.
But maybe you don't want to build a huge business. Maybe you just want to create a sustainable and profitable business that gives you more freedom.
In 2011, Tyler quit his job to start a venture-backed software startup called SolarList. He was a first-time founder and non-technical. So he also started learning how to code.
Getting his startup to take-off was slow going, so he started doing some freelance work. Several of his clients wanted a way to add store locator functionality to their websites.
So on a 30-hour flight from San Francisco to Buenos Aires, Tyler built a store locator SaaS app as a side-project. When he landed, he deployed the code and launched the product.
He emailed some of these clients and within 24 hours he had a handful of people paying him $5 a month. The product was terrible and had a lot of missing functionality, but it did the basic job.
A year later, SolarList still wasn't getting traction and had to be shut down. And Tyler was left with over $50,000 of credit card debt and uncertainty about his future.
He had to dig himself out of a financial hole. So he started doing more freelance work and putting more time into his StoreMapper side-project which was now doing around $1000 MRR.
By being able to spend more time on StoreMapper, Tyler was able to grow it over $5000 MRR in about 9 months. And eventually got it to over $40,000 MRR a few years later.
But he built it as a sustainable and profitable micro' SaaS company. It helped him to pay down his credit card debt, travel the world and spend more time on projects he found interesting.
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