How We Built It: $900k Open Source Saas

Description

This is how Iuliia and Marc built a $900K/year SaaS. But their approach was different: make it open-source. Today, we'll dive into why that was the best decision for their business. Automate compliance (and get $1,000 off) → https://go.starterstory.com/papermark Build your own AI app→ https://build.starterstory.com/build/ai-build-accelerator?utm_source=youtube&utm_campaign=joshmohrer Follow Iuliia: https://x.com/shnai0 Follow Marc: https://x.com/mfts0 🔔 Follow the Second Channel: @StarterStoryBuild 🏁 We're hiring: starterstory.com/jobs Chapters: 0:00 - Intro 0:50 - Who are Marc and Iuliia 1:15 - Idea for Papermark 2:06 - What is Papermark 3:04 - What is open-source 4:18 - How do they make money 5:03 - Benefits of open-source 6:36 - Get compliant fast 7:44 - Opportunities to build now 9:06 - Growth from 0 to $900K 10:05 - Numbers behind Papermark 10:54 - Tech stack 11:46 - Costs & margins 12:13 - How to succeed with open-source 13:54 - The final word