stevesaldana

7 ms·

1.
by stevesaldana 13y ago
I recommend jumping into topics that are relevant to what you are working on and aim to be a subject matter expert on whatever it is. I got involved in a conversation on HN related to my project (how to manage debt) and came away with a lo
2.
by stevesaldana 13y ago
My company was accepted as well. Looking forward to seeing you there! Before I applied, I read Nate Lustig's book [1] and found it helpful. [1] http://www.amazon.com/Startup-Chile-101-Everything-Business/...
3.
by stevesaldana 13y ago
I'm not really sure I have an answer to that as I'm just figuring it out as I go. The most typical customer would be a first-time homeowner, early 30s, and 18-36 months post-grad school. At that point, you've accumulated a lot of debt, bu
4.
by stevesaldana 13y ago
Thanks for the advice!
5.
by stevesaldana 13y ago
Ironically, our target market is actually folks who are the top 60% income earners in the US. Debt and income are directly related, and higher earners have a majority share of the debt in the nation[1]. It makes sense intuitively because
6.
by stevesaldana 13y ago
There isn't one at the moment. I removed it about two months ago as an attempt to encourage more signups.
7.
by stevesaldana 13y ago
Your third point is good and one that I personally think is the most impactful. At the end of the day, everyone has their "price". You can't take BTC to the grave with you, so at some exchange rate, you are a seller. For some people this
8.
by stevesaldana 13y ago
You are spot on. There are so many alternative fee-generating sources and maybe I've been too stubborn at ignoring them. My motivation going into this was that I wanted to create something that provided a definitive value of x, and have c
9.
by stevesaldana 13y ago
Guilty as charged. But I do appreciate hearing it directly from you as it serves to drive the point home. As a first-time founder and relatively new developer, I could never really tell when the time is right to stop creating and start pit
10.
by stevesaldana 13y ago
The article opened my eyes to that. I am treating all feedback as valuable, whereas that might be the wrong way to go about it. It's clearly something I need to think about more deeply and work on discovering the true customer pain points
11.
by stevesaldana 13y ago
One of the biggest problems I face is determining when the time is right to shift from free to paid. I originally slapped a subscription page on my app[1] thinking "we'll see how this goes". But after a few weeks of 0 conversions, I had a
12.
by stevesaldana 13y ago
I just received their email (5:35pm EST)
13.
by stevesaldana 13y ago
To clarify, my definition of savings refers to "payments you would not have had to make". Regardless of the proportion of principal to interest, the payment is still the contractual amount you have to pay each month. If you have a fixed m
14.
by stevesaldana 13y ago
Sure, no doubt in many cases the interest savings would be worth it. The real benefit of looking at the timing of savings is apparent when comparing multiple loans with different contract terms, and trying to figure out which you should be
15.
by stevesaldana 13y ago
You make a good point. Consider making an extra payment on a 30-year fixed-rate mortgage. The "savings" you recognize are not showing up tomorrow, next month, or even five years from now. What you are really doing is shortening the matur
16.
by stevesaldana 13y ago
I had a friend that approached me about 18 months ago regarding the best way to pay down his loans. I started with a simple model and as it came to fruition, wound up with a solution[1] that factors in the present value of savings, future