undefined | Better HN

0 pointsmorgante9y ago0 comments

What are your standards for including interviews on Indie Hackers though? Honestly, my criticisms are less of Sebastian than of you. He admits that his strategy is unlikely to be profitable in the long run, but what exactly is the merit of including stories about an amateur trader on a site about technical side projects?

I, and likely many others in this thread, have tried our hand at trading. I've had months where I generated amazing profits. I have "algorithms." Yet I definitely don't pretend any of this stuff is special or noteworthy—why would Sebastian's be?

A huge part of what's cool about Indie Hackers is that people are generally transparent and you can see their approach to roughly similar problems. There are plenty of sites (hundreds of them) where you can find people bragging about their trading strategies and bots. Why does Indie Hackers have to expand into them?

This is nothing like the SubmitHub interview. That had lots of great lessons in customer development, building a brand over the years, etc. Realistically the only lesson from this story is "get lucky."

> In fact, I enumerated some of them as asides in the interview itself, none of which would apply to your hypothetical trip to Vegas.

Why not? I'm sure I could come up with some trite lessons about how poker playing is applicable to business and startups. Heck, there's a whole cottage industry in doing so.

That doesn't mean I think a story about my poker playing would make a good Indie Hackers interview.

> money-making machine has succeeded (answer: obviously not), and ignoring the actual point of the interview

What, exactly is the point of the interview then? You could just as well cover random sites that have launched with 0 profit or revenue. Heck, if you're in that business, I've got a ton of side projects I'd love to share.

I'm trying not to be too critical here, as I genuinely like Indie Hackers. But you need to have some standards for what gets included. Everyone who manages to make money doing something shouldn't count.

0 comments

3 comments · 1 top-level

csallen9y ago· 2 in thread

I'm also trying not to be too defensive, but I strongly disagree with your interpretation of this interview. Most of the IH audience will read this, care very little about the "secrets" behind the trading strategy, and instead focus on what you call "trite lessons".

In this particular case, the amount of time and effort an 18 year old put into researching and educating himself about a difficult field is quite inspiring. As is his dedication to doing some non-trivial programming work and actually launching. That might not be inspiring to you or to professional traders on HN, but I can assure you that most IH readers will not care if/when his trading bot ultimately fails.

> What, exactly is the point of the interview then? You could just as well cover random sites that have launched with 0 profit or revenue. Heck, if you're in that business, I've got a ton of side projects I'd love to share.

I've featured lots of very small projects. My minimum cutoff nowadays is $100/mo, but in the past I've done interviews where the revenue was $0 or not shared. Although it's fun celebrating big revenue wins, that's not the point of the site. (If you don't believe me, I can point to numerous places where people have actually asked me to feature $0 failure stories on the site.) The point is motivation, inspiration, and education for getting around the most common obstacles that stand in the way of creating an online business.

morganteOP9y ago

> Most of the IH audience will read this, care very little about the "secrets" behind the trading strategy, and instead focus on what you call "trite lessons".

I'd like to think I'm part of the core IH audience. I come for interesting stories of people building software from scratch and generating revenue from it.

Someone who got lucky gambling their money for a few months is just not an interesting story. It's way outside the mold of what you usually publish.

> My minimum cutoff nowadays is $100/mo, but in the past I've done interviews where the revenue was $0 or not shared. Although it's fun celebrating big revenue wins, that's not the point of the site.

It's good that you have a cutoff, but I think the issue is that this project doesn't necessarily meet that. With your typical interviews, you know they're making revenue from actual customers and that revenue is a meaningful metric. He happens to have generated profit so far, but I also happen to have generated profit on my gambling trip: it's not a meaningful metric, and in fact, might as well be 0.

He could easily have all his revenue wiped out next month (and, in fact, almost did). I'm really not sure what we have to learn from someone who has successfully gambled for a few months.

csallen9y ago

Yes, ultimately the stock market is gambling, and thus the durability of his product is quite low, but this is an arbitrary distinction from the rest of the interviews on the site. I could point out unique distinctions for a dozen other interviews on the site, e.g. the popup t-shirt company whose product was temporary, the company making $0, the company doing entirely consulting revenue, the pure hardware company, the paperback book author, etc.

What I keep pointing out are the undeniably valuable lessons that can still be learned from what Sebastian did, as well as why a typical indie hacker might find them inspiring and educational, and why they wouldn't apply to your gambling analogy.

I'm not sure why you're ignoring these parts of my responses. Maybe it's because you've already launched many non-trivial side projects, so you aren't intimidated by that particular hurdle, thus you don't find it inspiring, and as a result you feel compelled to focus entirely on the efficacy of his product. Which is fine! But you are not everyone.

1 more reply

j / k navigate · click thread line to collapse