#4 SaaS Bootstrappers Interviews - Ivan Kutskir

Indie Developer, Generating $200K monthly,

SUMMARY of INTERVIEW

Background and Early Interests:

  • Ivan is originally from Ukraine and moved to Czechia at age 11. He later moved to Prague for university studies.

  • In university, he pursued computer science.

  • His interest in technology began early, around the age of 15, inspired by his cousins' computer.

  • He started developing Flash games even before university and continued this hobby into his university years.

Journey to Photopea:

  • The founder's journey to developing Photopea began with his interest in Adobe Photoshop during high school and his subsequent exploration of web technologies.

  • He noticed the potential of web-based applications and began converting his Flash games to JavaScript, integrating them with web technologies.

  • The initial concept of Photopea was to create a simple web-based PSD file viewer.

Development of Photopea:

  • The development of the first version of Photopea, a basic PSD file viewer, took about 200-300 hours and was released between 2012 and 2013.

  • Ivan saw gradual growth in the user base and was motivated by the impact and usefulness of new features he added.

  • The transition from Flash to web-based applications was driven by the evolving capabilities of web browsers and technologies.

Photopea's Growth and Monetization:

  • Photopea's user base grew organically, largely through word-of-mouth and shared posts on platforms like Reddit.

  • The platform was initially free with no ads due to a focus on growing the user base.

  • Eventually, Photopea introduced ads and a premium subscription model (ad-free version) to monetize the platform.

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Challenges and Personal Journey:

  • Ivan faced challenges in transitioning from a hobbyist to a more business-focused approach.

  • Despite the option to join other companies, he chose to focus on Photopea due to his passion and interest in the project.

  • He highlighted the importance of starting with the most useful features and building complexity over time.

Current Status and Future Plans:

  • As of the interview, Photopea generates significant revenue, mainly from ads.

  • Ivan has not sought VC funding, preferring to grow the platform independently.

  • Photopea remains largely a one-person operation, with minimal external assistance.

  • Future plans include expanding Photopea's offerings and possibly exploring new ventures.

Advice for Bootstrappers:

  • Ivan advises other bootstrappers to focus on their passions and start with core, useful features.

  • He emphasizes the value of growing a project gradually and not shying away from entering competitive markets with simpler, more focused products.

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