This is a fascinating topic.

It's fashionable to say that "passive income doesn't exist".

But how much of the work you're doing is actually necessary vs. stuff you do to keep you busy or justify the money you're making?

(I certainly need to ask myself this more often.)
What would Pieter's revenue look like if all he did was maintenance?

What would Facebook look like if they'd focused on their core product instead of working on dozens of shiny new features?

(We don't have access to parallel universes, so no one really knows.)
I often wonder what all these software engineers at tech companies are doing all day. Maintenance and infrastructure work is probably only a tiny part.

Most of the time, servers keep running without human supervision.

So I guess it's mostly working on new features?!
Most software products get notably worse over time due to feature bloat.

So maybe a lot of the work is not only unnecessary but actually harmful?
As spelled out by Pieter the assumption is that you have to "keep building new features or maintaining/updating old ones or your company/site/app becomes irrelevant."

Is there any strong evidence that supports this assumption?

For example, what if Twitter just focused on, well, tweets? Would it really die quicker? (All companies die eventually)

It seems more likely to me that users move on because Twitter keeps pushing Spaces, Fleets, etc.
While in theory it might make sense to try to innovate from the inside to stay relevant, this seems almost impossible in the real world.

This article does a great job at explaining why.

paygo.media/p/25171
"You will never be able to take the brand risks, the legal risks, or the partnerships risks that a startup can."

marker.medium.com/why-theres-no-…

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More from @jakobgreenfeld

27 Feb
Has anyone written a good book on taxes and legal stuff indie makers and online entrepreneurs should know about?

What rules and laws are important if you're selling products globally?

When does it make sense to think about incorporating abroad? What are the benefits?
There are so many common misunderstandings and it's extremely cumbersome to find reliable information.

Even without any kind of tax optimization, it's incredibly hard to do things properly.
Standard advice is "talk to an accountant".

But you know what? 95% of all accounts regular people can afford have no clue. They don't understand small tech businesses and at the rates you can afford to pay, they don't do proper research.
Read 14 tweets
22 Feb
You've probably already heard that I sold Product Explorer to @agazdecki

Here's the backstory and why I decided to sell 👇
This was the announcement tweet in case you missed it.

Andrew first reached out to me just a few days after the launch and made an acquisition offer.
Read 18 tweets
13 Oct 20
A few of my favorite strategies that are included in the form of product idea prompts 👇
Look at Fiverr gigs to discover problems you can automate.
The prompt generator provides a link to a random Fiverr category you can investigate.
Read 8 tweets
13 Oct 20
After spending the last few weeks reading everything I can on how to come up with great product ideas, I've come up with what I call the "The Grand Unified Theory of Product Ideation"
jakobgreenfeld.com/gut
While there is certainly no lack of advice on how to come up with product ideas, most of it is fragmented and contradictory.

Many thinkers that beginners look up to for advice, recommend completely different things.
Since it took me far too long to get some clarity in my thinking, I figured that many others have this problem too.

Hence, I tried to put the best ideas on how to come up with promising product ideas into a coherent context.
Read 11 tweets
13 Oct 20
I just launched my second project on Product Hunt:

a Product Idea Prompt Generator

producthunt.com/posts/product-…
It's a tool I created for myself. During the last few I read about all kinds of strategies to come up with product ideas.

While I learned a lot, I rarely took action and quickly forgot about most strategies. To change that I created the prompt generator.
I like the analogy of "training your idea muscle". But how do you do that in practice? jamesaltucher.com/blog/the-ultim…
Read 5 tweets

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