Balsamiq is continually a great example for other entrepreneurs as well as an example for a small independent web business. Another great post welcoming the new employee and updating us on how it will change and improve the business further!
Why not just get a couple support couple people at a low salary and put all that profit away? If sales keep going the way they're going for the next couple years you'll have more money than you'll ever need. And you can always sell it off for a lump sum whenever you want. If you take the risk of trying to build a bigger company you could end up walking away with much less.
I'm definitely not opposed to sharing slices of a bigger pie, but in this case it seems unnecessary.
I've found a lot of startups seem to think that support is a lower level task and should be outsourced to the lowest bidder. The thing is, your customer support is your company. It's how your customers interact with you as a company, and it's how they form opinions of whether they like you or not.
In my experience, great customer support is often far more valuable than a bug-free product. Bugs happen, but if a customer runs into a bug and then gets great support from your support staff -- they switch from a skeptic to a passionate customer who tells everyone about your product.
Congrats, you should do a year wrap up post(I'm pretty sure you haven't done one yet, and you hit the 1 year milestone recently) and list all the accomplishments for Balsamiq from start to finish.
Hi vaskel, thanks for the idea. I consider launch date (6/19) to be the yearly milestone, so we're not quite there yet. I already have something planned for that day, but I probably will do a yearly summary at the end of 2009, just like I did for 2008: http://www.balsamiq.com/blog/?p=531
I think he mentioned it somewhere on his blog before, but does anyone know what financial software he uses/used to generate the charts and graphics for his earning posts?
[+] [-] trickjarrett|17 years ago|reply
[+] [-] sachmanb|17 years ago|reply
[+] [-] mattjaynes|17 years ago|reply
What a great tone to set for the culture of a fledgling company.
[+] [-] staunch|17 years ago|reply
I'm definitely not opposed to sharing slices of a bigger pie, but in this case it seems unnecessary.
[+] [-] kneath|17 years ago|reply
In my experience, great customer support is often far more valuable than a bug-free product. Bugs happen, but if a customer runs into a bug and then gets great support from your support staff -- they switch from a skeptic to a passionate customer who tells everyone about your product.
[+] [-] dshah|17 years ago|reply
It's nice to be able to share the experience with others that you like and respect.
[+] [-] vaksel|17 years ago|reply
[+] [-] balsamiq|17 years ago|reply
[+] [-] tsally|17 years ago|reply
[+] [-] balsamiq|17 years ago|reply
[+] [-] nraynaud|17 years ago|reply
The fun is gone.
[+] [-] balsamiq|17 years ago|reply
But in a sense I do hope that we transition to a more "standard" small business, that was the goal from the beginning. :)